Meinrad Budich Verwaltung GmbH & Co. KG
Three Questions for Olaf Siekmann
What was your starting point?
We had an Excel-based reporting solution, which supplemented our existing ERP system. However, we found that this was prone to errors and made it difficult to reproduce reports and historical data reliably. And we couldn't use it to prepare detailed budgets, so our planning process was time-consuming and inefficient.
What are your highlights?
The highlights of the Corporate Planning software are its ease of use, a reliable data set, and a flexible, integrated budgeting process. It also makes planning scenarios easy to model and has an automated reporting system that helps you with the graphics.
What lessons have you learned?
Make sure that the content of the monthly reports has been specifically agreed with the management beforehand. It's also essential that the processes and account structure for the P&L and for preparing the budget are clearly defined before you begin. Deadlines should be planned with sufficient buffer to allow enough time for support and assistance to be provided by CP.
About Meinrad Budich Verwaltung GmbH & Co. KG
Since it was established in 1882, BUDICH Group, based in Hiddenhausen, East Westphalia, has developed into one of the leading manufacturers of cleaning, care, disinfectant and personal hygiene products, air freshening gels and dehumidifiers. At their sites in Hiddenhausen and Lutherstadt Wittenberg, BUDICH International and BUDICH P + C make private label products for the major European discounter, supermarket and pharmacy chains. The company also has a long-standing reputation as a contract manufacturer for international brands.
KLEEN PURGATIS offers an extensive range of cleaning products for bulk consumers and commercial cleaners.
PURGATEC develops and manufactures specialist cleaning agents to complement the product ranges of multinational household and kitchen appliance makers. BUDICH Group currently has around 360 employees.
"Corporate Planner provides us with a high level of reliability in the preparation and reporting of financial figures. The comprehensive planning functions in the software are a great help when creating budgets and forecasts and providing our management with a quick overview of current and future business developments."
Olaf Siekmann, Financial Controller