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2009 Vision Award for Business Impact

Category: Software-as-a-Service (SaaS) BI
Implementation Site: Pep Boys
Solution Provider: Adaptive Planning

Business drivers: Pep Boys needed to easily collect budget data from 562 individual stores across the retail chain - the budgeting and reporting office needed to monitor same stores numbers year over year, adjust the annual budget accordingly and strategically plan more comprehensively.

Business value: This rapid implementation took less than 6 weeks which resulted in the creation of a user-friendly interface for nontechnical users, eliminated use of spreadsheets for improved version control and provided a cost-effective solution.

Business impact: Pep Boys was able to produce an annual budget in a reduced timeframe. The accuracy and precision of the model prepared them to face a difficult retail environment in 2009. This initiative exceeded expectations and impacted the way the organization adjusts their business plans in the face of unknown economic factors and consumer spending shifts.

Judging comments: "The accuracy and precision of the model gave Pep Boys the ammunition it needed to face a difficult retail environment in 2009. The ability to compare the model against plan, conduct what-if analyses, and take action was a huge improvement over a static Excel model that lost relevance nearly as quickly as it was completed. The initiative exceeded expectations and had an immediate impact on how the organization adjusts their business plans facing unknown economic factors and consumer spending shifts."