(1) FY16 Underlying comparison to FY15 Statutory, including acquisitions from the date of DPE ownership, but excluding one-off significant charges (2) Adjusted to exclude Sprint and German acquisitions DOMINO’S PBCS HYPERION IMPLEMENTATION DECEMBER 2016 PETER DICKMAN - FP&A MANAGER ALEX CRITTENDON - SENIOR ANALYST
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(1) FY16 Underlying comparison to FY15 Statutory, including acquisitions from the date of DPE ownership, but excluding one-off significant charges(2) Adjusted to exclude Sprint and German acquisitions
DOMINO’S PBCS HYPERION IMPLEMENTATION
DECEMBER 2016
PETER DICKMAN - FP&A MANAGER
ALEX CRITTENDON - SENIOR ANALYST
ABOUT DOMINO’S
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DOMINO’S PIZZA ENTERPRISES LTD
§ We are the master franchisee of Domino’s in: Australia, New Zealand, Japan, France, Belgium, the Netherlands and Germany
§ $2bn network sales: EBITDA and NPAT growth of +40.9% and +43.6% respectively in FY16
§ Very fast-paced environment, with a demanding senior management and leadership team
§ Focussed on delivering fast, good quality and affordable food
§ Philosophy “Slow Where it Matters, Fast Where it Counts”
WHY NEW BUDGETING TOOL?
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WHY NEW BUDGETING TOOL?
§ Existing budgeting tool was 10+ years old
§ Budgeting logic in existing tool was out of date and required manual workarounds
§ Inflexible and non efficiently compatible with Excel
§ Required a cutting-edge tool that would integrate with the latest suite of Microsoft 365 products
§ Detailed planning and forecasting options, including scenario modelling, “what if” and ad hoc analysis
WHY HYPERION?
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WHY HYPERION?
§ Cloud-based solution:
(i) no ongoing maintenance headaches with IT
(ii) Subscription based, so able to have the latest version of PBCS
§ Enables us to
(i) interrogate data faster and more efficiently
(ii) Streamline monthly reporting process to simply refreshing a data cube
(iii) Continue with budgeting and forecasting in Excel or via the web
SCOPING, PLANNING AND IMPLEMENTATION
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SCOPING, PLANNING AND IMPLEMENTATION
§ Initial scope ANZ only, planning to roll out to other markets next year
§ Wanted to continue to send out Excel spreadsheets as part our budgeting process
§ We requested a very detailed planning and forecasting solution of all of the key drivers of our business
§ Leveraged much of the previous budgeting tool’s logic
§ Total implementation, from initial scoping to production took 12 months, noting ¾ of the way through the process we actually completed a budget using Hyperion!
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Dominos
Hype
rion
Layer
Source
System
s
KeyActual DataPlan Data
Finance (BSO)
Recharge (ASO)
Employee (BSO)
Galaxy
Sales
Report (ASO)
GL
NavisionCognos BI
Data Management
SCOPING, PLANNING AND IMPLEMENTATION
Examples
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EXAMPLES
§ We utilise a lot of forms in Excel
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EXAMPLES
§ And also task lists, for regular jobs
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EXAMPLES
§ Finance cube/ Reporting Cube Validations
SWOT ANALYSIS
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SWOT ANALYSISSTRENGTHS
• Flexible: Can use SmartView, formulae or web• Can still send Excel sheets to budget holders• Able to capture actual, forecast and budget
data in one central location. Can mix and match as required
• Able to reach out to our consultants for expertise, as required
WEAKNESSES• Laggy• Managing cube alignment• Learning curve – working as systems
accountants as well as analysts• Still reliant on external consultants for
maintenance and knowledge
OPPORTUNITIES• Bring other regions onto the same model• Further automation of reporting
THREATS• Integration with latest Microsoft Office Suite• Reliant on external data warehouse• Auto updates are compulsory and may
conflict with budgeting tool
LEARNINGS
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LEARNINGS
Budgeting tool implementation learnings:
§ “Slow Where it Matters, Fast Where it Counts”
§ Spend more time up front, scoping out requirements and ensuring that the solution fits your business requirements
§ Plan to spend a significant amount more time than you first anticipate on all phases of the project
FUTURE PLANS
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FUTURE PLANS
This year
§ Rolling out to European countries
§ Implementing a rolling forecast
Next Year
§ Developing our 5 year plan process in Hyperion
Future Years
§ Rolling out to Japan
QUESTIONS?
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