News Update on Financial Planning for Business
August 2017

A warm welcome to the Innovar August 2017 newsletter. We hope you are enjoying the summer sunshine.

In this issue: 
Learn some of the challenges of planning and forecasting in the Energy industry as we interview the Financial Controller at Jersey Electricity

Avoid the Planning Excel Hell- we launch our latest Customer Success video reference with our long standing customer Rentokil Initial

With Excel celebrating its 35th birthday, we look at how organisations cannot rely on its outdated and limited functionality.

Finally see how Janice Jones got on when Innovar sponsored her in the Pretty Muddy Race for Life.

An Insight Into Planning In the Energy Industry, with Jersey Electric Plc  

Jersey Electricity plc is a utility company providing the island of Jersey with the importation, generation and distribution of electricity. They supply electricity to 50,000 domestic and commercial customers. In addition to Energy, they have other interests in Retail, Building Services, IT, Environmental Engineering and Property.

The Innovar team have been working with Jersey Electricity plc for 10 years supporting the Finance team improve their planning budgeting and forecasting systems as their business needs evolve.

Read Full Article Here

Rentokil Customer Success Story    

Innovar and Anaplan have partnered together to create the latest Customer Success Story for global business services group, Rentokil Initial.

Innovar have been working with Rentokil since 2010. In 2012 and with the further expansion of the Rentokil business they needed to replace legacy finance systems as well as overcome what Rentokil Initials Group Finance Development Director Trisha Haughey calls their "Excel Hell".

Since then Innovar have helped Rentokil roll out a Budget and Forecasting model to nearly 20 territories as well as developing a project planning model.

Richard Jones of Innovar took part in the filming of the customer success video back in April at the Rentokil Groups Head Office in Camberley, Surrey. "My team and I have had the pleasure of working with the Rentokil team in multiple locations around the world and it is great to meet up again and share on film their success story. Rentokil have embraced the power of Anaplan and have conducted the roll out in a very sensible, logical and systematic manner. We look forward to supporting our colleagues at Rentokil for future user cases and further moving away from their Excel Hell."

View the Video  Here

Limitations in Excel

Excel spreadsheets have come along way since their creation in the 1980's and they have crept into most organisations to allow a certain amount of automation for mathematical functions and data analysis. They are frequently used in the Finance department for planning, budgeting and forecasting. However, in recent years many new products have come onto the market which can do this far more effectively and overcome the shortfalls in Excel that it inherently cannot do. One such product is Anaplan and here we look at how Anaplan achieves this

Read Full Article Here

Mud, sweat and cheers

On a bright sunny Saturday 24th June and with a huge crowd cheering on, Janice Jones from Innovar, her daughter, friends, and thousands of other ladies took part in the Pretty Muddy Race for Life at Ipswich. Janice was caked in mud, soaking wet and exhausted after the 5km run(most of the time) as well as having to clamber over 10 sets of obstacles. Despite these challenges Janice says she found it great fun and wants to do it again next year. Innovar were one of the sponsors to Janice's fund raising and we hope this small donation helps Cancer Research UK as we all take on and aim to beat Cancer.

And Finally

" Unless commitment is made, there are only promises and hopes; but no plans ." 

Peter F Drucker

About Innovar

Innovar is the expert planning company. We offer  Performance Canvas,    IBM Cognos Planning and TM1 , and    Anaplan software
and implementation services. We provide specialist budgeting and forecasting training and consultancy services and we help solve spreadsheet issues.

We hope you find this useful and would welcome any feedback you may have. If you enjoyed reading this then please feel free to share this with your colleagues 

Best Regards

Janice Jones
Innovar Ltd

Innovar Ltd
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0844 870 0083

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