Client Story: OVG supports $150M technology client to get IPO-ready
Client has a short timeframe to get a planning system in place
When OVG was first engaged by the client to help them implement Anaplan, the VP of FP&A was already drafting the S-1 in preparation for IPO. The team needed to move quickly to get ready to forecast and report as a public company.
In under 12 weeks, OVG worked with the client to stand up a 3-statement model in Anaplan, including employee-level headcount planning and management reporting for both external GAAP and internal Non-GAAP needs. Vendor expenses were summarized to top vendors by volume, reconciling forecasts with actuals and giving the client visibility and ability to manage spend they had not experienced before.
OVG helps the client evaluate the technology landscape
Several years later, the client needed to trim costs, and while they liked Anaplan, wanted to evaluate other planning technology solutions in search of savings. OVG worked with the client to evaluate several other solutions to ensure that they could meet the same functional requirements as Anaplan. OVG worked with different vendors, explored their platforms, and built small POCs on the client’s behalf.
Ultimately the client decided to move onto Planful.
Anaplan to Planful transition goes smoothly
Once the client decided to move to Planful, OVG was tasked with leading the transition. OVG resources ramped quickly on Planful and were able to smoothly transition the client from Anaplan to Planful in only 8 weeks without business impact. Services for the transition paid back in less than a year with software savings.
The switch and resulting savings ultimately helped position the client to be acquired by a strategic investor, completing a full private-public-private cycle. OVG continues to support the client on an ad hoc basis.