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HEAR FROM OUR CUSTOMERS AT ANAPLAN CONNECT 2024

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SOLVAY BUILDS A FOUNDATION FOR FAST, HIGH-IMPACT DECISION-MAKING

Leading chemical and materials company creates an integrated, agile, and
automated platform for financial data and operations

Contact us

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SPECIALTY CHEMICAL AND ADVANCED MATERIALS COMPANY SOLVAY SET OUT TO TRANSFORM
ITS GLOBALLY DISTRIBUTED ORGANIZATION FOR GREATER EFFICIENCY AND COLLABORATION.
FINANCE BROUGHT IN ANAPLAN TO SUPPORT THAT TRANSFORMATION, STARTING WITH
ZERO-BASED BUDGETING. WITH ANAPLAN, SOLVAY HAS TRANSFORMED ITS CULTURE TO
EMBRACE DATA TRANSPARENCY, INFORMATION SELF-SERVICE, AND “WHAT-IF” SCENARIO
MODELING FOR GREATER SPEED, AGILITY, AND ACCURACY IN A RAPIDLY EVOLVING BUSINESS
LANDSCAPE.

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> Anaplan enables us to work in a way that is fully integrated, agile,
> digitized, and automated.

Alexandre Blum, Director of Controlling


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ONE

reliable source of financial information improves transparency and collaboration
company-wide


ONE YEAR

ROI target demonstrates transformational business value


ALIGNMENT

between financial systems and corporate strategy makes decisions faster and more
impactful

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 * SOLUTIONS
   
   Finance

 * PARTNER

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Great companies evolve in response to the business environment they operate
in, and great finance organizations transform themselves in parallel with the
companies they serve. An outstanding example of this truth can be seen at
Solvay, an $11 billion specialty chemicals and advanced materials company based
in Belgium.

In the first decades of the 2000s, Solvay grew through mergers and acquisitions,
which created a decentralized finance operation. When Ilham Kadri was appointed
CEO in 2019, she established a new initiative, Solvay One, to transform the
company by breaking down silos and increasing agility and efficiency. Read about
Solvay’s ambitions transformation here.

Solvay’s corporate transformation required the finance team to reexamine both
its processes and technology. “Creating a forecast and making decisions were
often slow and painful when finance was decentralized,” recalls Alexandre Blum,
a 20-year Solvay veteran who is now Director of Controlling and Head of
Financial Planning and Analysis (FP&A). “Finance was appreciated by the business
in general, but we were lagging behind in terms of technology.”

The FP&A team also faced external pressures to transform. “We operate all around
the world, in a variety of different business activities,” Blum says. “Because
of the volatility of our markets and ongoing developments within them, we need
accurate information in order to change course quickly.” The COVID pandemic
created additional urgency around the need for new technology, as 10,000 Solvay
employees began teleworking.


TANGIBLE BENEFITS WITHIN A YEAR

The Solvay team looked for a platform that was strongly visual, because many
non-finance users would be accessing the system; real-time, because user
acceptance would hinge on whether the solution could provide timely information;
and high-performance, so users anywhere in the world would not have to wait for
information and answers. “We looked for a platform that is accessible and
versatile, and we found it in Anaplan,” Blum says.

Supported by Anaplan partner Accenture, Solvay established zero-based budgeting
(ZBB) as its first Anaplan use case. “It is a collaboration of procurement and
finance,” Blum says of the solution. “We used Anaplan as a platform for ZBB and
will build additional Anaplan capabilities based on that foundation. We expect
the solution to deliver tangible benefits within a year.”

In addition to the specific financial benefits that Anaplan will unlock, Blum
notes that the new solution brings finance in sync with the One Solvay
initiative. “Our financial models are now in line with group strategy,” he says.
“With the support of Anaplan, we are moving toward more centralized control of
finance and adapting the way we do our FP&A. Anaplan enables us to work in a way
that is fully integrated, agile, digitized, and automated.”


PROMOTING A CULTURE OF ACTION

Solvay’s finance team also sees that the Anaplan solution can enable cultural
change, both inside and outside of finance. The solution increases transparency
because the information from all parts of the company is available in one place;
it also promotes a culture of action and self-service. “You can have the best
technology and processes, but they won’t succeed without the right culture,”
Blum says. “By integrating Anaplan deeply into our organization, we can ensure
that people throughout Solvay use these tools themselves—and don’t have to ask
someone from the controller’s office to sit with them as they enter data.”

Blum says Anaplan’s features for developing “what-if” scenarios will be
especially useful in years ahead. “The COVID crisis has shown us how important
it is to be able to test scenarios quickly,” he says. “The way people work is
changing, and our employees want to be involved in that story. Anaplan empowers
them to do that.”

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QUICK LINKS

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PLATFORM

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SOLUTIONS

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RESOURCES

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COMPANY

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ALSO OF INTEREST

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 * The bottom line: Zero-based budgeting

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