According to a release from Burlington, Mass.-based Cognos, a leader in business intelligence and corporate performance management (CPM), Rumpke Consolidated Companies Inc. of
Rumpke, one of the largest, privately owned waste and recycling firms in the United States decided to streamline its budgeting process by moving its manual collection of budget data to Cognos Planning software, which aids in defining and linking operational drivers for the planning, budgeting and forecasting process.
"With Cognos, we have not only streamlined our budgeting process, but we have decreased month-end processing time from days to a few hours. We have discovered unprecedented capabilities in allocations, top-down and bottom-up changes and the ability to quickly roll up the various regional budgets into an overall corporate budget," Debbie Pastura, Rumpke controller, says. "We now have a stronger platform for decision-making with multiple planning models to address regional diversity with defined corporate consistency. Our finance team is now able to proactively provide insightful analytics for overall productivity, payroll and landfill status by line of business." According to the release, Cognos Platinum Partner PCMS Analytics Group “is leveraging its extensive expertise in the heavy equipment industry as it handles the software implementation and integrates the enterprise planning system with Rumpke's legacy applications.” Chris Belk, CEO of PCMS North America, says, the software provides Rumpke “with a graphically appealing view into their operations, allowing for business decisions to be based on a single, fact-based version of the truth. This is fundamental to running the business of any organization regardless of sector." "Our flexible planning solution enables Rumpke's Finance department to connect people and data collaboratively into an integrated process, significantly reducing the time to create both budgets and forecasts and reducing the administrative burden on finance analysts so that they can spend a much larger percentage of their time on value-added analysis, " Doug Barton, Cognos vice-president of product marketing, says. "The end result is the creation of more reliable, predictable forecasts which are 'owned' by finance and based on a consistent representation of data."
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