Contact us
Contact us

 

 

 

CNH Industrial Integrates and Harmonizes Balance Sheet Planning for All Its Segments in Latin America

CNH Industrial (CNHi) is a global leader in capital goods and implements activities in design, agricultural production, construction, manufacturing, and distribution, with commercial and financial activities in international markets. Located in 180 countries, its portfolio comprises 12 brands that each employ a total of 63,000 employees among 67 production plants and 56 research and development (R&D) centers. Some clients include Case IH, Steyr, Case Construction Equipment, and New Holland Agriculture. In Latin America, CNH Industrial has seven manufacturing and R&D centers in Curitiba (BR), Piracicaba (BR), Contagem (BR), Belo Horizonte (BR), Sorocaba (BR), Sete Lagoas (BR), and Córdoba (AR).

The Challenge

To unify the financial planning of several locations in Latin America, CNHi LatAm turned to Avvale to implement Oracle Hyperion Planning with a focus on planning. The first phase of this implementation was centered around Profit & Loss. The second phase focused on balance sheet planning as it was vital that Hyperion became the major repository for CNHi LatAm’s budget and control data. This was important to establish as LatAm is responsible for providing the company’s financial projections to the Italian headquarters and to the financial market. 

agro-trator

The Approach

The scope for this project consisted of the implementation of business rules for projecting the chart of accounts of CNHi LatAm's balance sheet. The projections involved several openings, such as products, markets, entities, and all types of movements that generate the accounting balances.

The complexity of the projection was designed and implemented as business rules that were calculated in the Hyperion Planning tool. Beyond this, the realized data was automatically integrated via other Oracle tools, thus making it possible to follow up the planned with the actual.

agro-platação

The Impact

CNH Industrial’s biggest goal was to standardize their business processes and have a unified platform that is accessible for all Latin American offices. With Oracle Hyperion Planning, they were able to accomplish just that and more. Another benefit they gained was the centralization and reliability of CNHi LatAm's budget and forecast data that is provided to the head office in Italy.

Through this solution, their speed and productivity in the balance sheet planning increased immensely. To further support this, Hyperion allowed native integration with the Profits & Loss planning, which is the source of assumptions for the balance sheets. CNHi LatAm is looking to the future, which includes implementation of cash flow planning and cloud migration.

agro-trator-platação