The American Red Cross (ARC) responds to humanitarian disasters, collects and stocks a large percentage of the US blood supply and manages an army of employees and volunteers. A huge effort not only to keep track of, but to streamline costs and efficiently manage their extensive planning cycle.
Strafford Technology was selected to help move the American Red Cross’s existing financial environment to the cloud. By revamping and extending their Hyperion planning applications, they transitioned users away from Excel spreadsheets, improved end-user adoption, and delivered a more reliable Hyperion planning and reporting process.
ARC needed to transform their financial structure — simultaneously collapsing the organization’s siloed structure of several business units into one — while standardizing organization-wide financial reporting and planning.
To streamline financial operations and to maximize ARC’s Hyperion investment, the Strafford consultants recommended they leverage the built-in functionality of Hyperion, and then presented ways they could increase user adoption and financial efficiencies. As part of the recommended roadmap, Strafford’s implementation plan introduced best practices, built in new functionality, and integrated financial information throughout applicable areas of the organization.
With the ability to streamline and automate the daily process of revising actuals, Hague and his team have already seen a significant time savings. What’s more, end-user adoption is at an all-time high and they’ve been able to push the financial planning process deeper into the organization and encourage financial ownership and accountability by the business line stakeholders. Just some of the results ARC has seen include: