Financial Planning Management Success

How does one of the energy industry’s leading logistics service providers streamline it’s financial performance management? By following Waypoint’s pipeline to success.

Buckeye Partners engaged Waypoint to improve flexibility and visibility into their budget; formulate and streamline forecasting; and ensure ease of allocations and adjustments.

Three solid challenges, one smart solution: immediate access to intelligence.

Waypoint simplified Buckeye’s current budget and forecast practices by combining the multiple, cumbersome processes and systems into one application where the budget can be formulated and viewed.

Waypoint was able to set up a real-time system revealing plan data connected with key metrics and information utilizing Cognos 8 Planning. All adjustments, allocations and field entries are entered in the application and the income statement is immediately available.

The result? A company that’s energized with insight and acumen.

Waypoint empowered Buckeye with the information they needed to assess operating performance using driver-based planning and flexible, quarterly rolling forecasts.

Enhanced reporting capabilities enable executives to incorporate budgets from acquisitions, establish and automate key performance indicators, view intelligence, evaluate models, test assumptions and compare real-time performance with historical actuals. All of which keeps Buckeye Partners fueled for the future.