The bow wave of finance transformation
Implementation of state-of-the-art planning software at AIDA Cruises
Flexibility in planning (10-year period)
AIDA Cruises is one of the fastest growing and economically most successful tourism companies in Germany. With around 9,000 employees from 40 countries, AIDA Cruises operates and markets a highly modern fleet and is the market leader in the German cruise market. The current boom in the cruise industry and the resulting very strong growth of the company also brought new challenges for Group planning. Previous spreadsheet solutions in the form of elaborate spreadsheets were neither up to date nor did they provide the flexibility required for planning over a 10-year period. Changes to plans or the introduction of new measures represented a disproportionate amount of work.
Driver-based simulations for more flexibility and planning accuracy
Valsight’s financial planning software delivers a cloud solution that uses value-driver-based simulations to provide a comprehensible basis for decision-making.
The driver model tailored to AIDA Cruises combines actual data, assumptions and measures and forms the basic framework for 10-year planning at ship level.
Valsight allows business users without programming knowledge to create complex multi-dimensional models and simulations based on them, thus driving the mega-trend of digitalization in the controlling department.
1. top-down approach with specific driver model
2. ad hoc multidimensional evaluations
3. simulations with real-time adjustments
4. integrated visualization options
The requirements for controllers have changed considerably in recent years. Thanks to Valsight, I can make better use of the large amount of information available, react flexibly to changes and thus make better decisions.
Planning quality through scenario simulations
The focused driver model approach with Valsight has considerably simplified the planning process at AIDA Cruises: There was both a reduction in the time required and an increase in transparency and traceability.
The clear visualization of cause-effect relationships through driver trees enables a focused management discussion and improves the planning and goal-setting process.
Because it is now possible to think in scenarios, better decisions can be made and, if necessary, the 10-year financial plan created in Valsight at ship level can be flexibly adjusted to all dimensions at any time without great effort.
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