Thank You for a Record Year of Growth

Carlson-Record-Year-Growth-Adaptive-PartnerWe at Carlson Management Consulting would like to thank our customers, partners and friends for an amazing year.  Since our founding in 2010, we have dedicated ourselves to helping clients transform business performance through a combination of financial, technological and domain expertise.  This year marks a period of significant growth while remaining true to our commitment to the highest quality consulting services.  Highlights for 2014 include the following:

  • Welcomed 55 new customers
  • Increased year-over-year revenue by 60 percent
  • Increased headcount from 6 to 10 employees
  • Implemented and optimized solutions in 25 states and 3 countries
  • Opened our third office
  • Participated in 15 conferences, seminars, and other events

While we are our proud of this year’s achievements, we are planning an even more ambitious 2015. With more than 125 years combined experience, we are moving forward with additional thought leadership initiatives that will include co-hosting a budgeting and forecasting podcast program on CFO Thought Leader, one of the leading online publications for senior finance executives.  We are increasing our participation in events which will include speaking engagements, moderating expert panels, and sponsorship of seminars.  Our team will also be regularly publishing a wide variety of “best practices” blogs and videos on our website and social media.  To keep abreast of all that is happening at Carlson, please subscribe to our blog and follow us on LinkedIn and Twitter.

We are looking forward to working with you to make 2015 an even more successful year.  All of us at Carlson wish you a very Happy New Year!

Adaptive Planning Tip – Lining up the Budget by Vendor


Aude Stewart, Senior-Associate

As a consultant working with clients to transform their budgeting process, I put a priority on structuring budgets, plans, forecasts, and reports in ways that are more meaningful and provide better analysis with the appropriate level of granularity.

During a current implementation project of Adaptive Planning with Cetylite, a pharmaceutical manufacturer based in New Jersey, I was tasked with lining up the budget by vendor, which is at a lower level than the general ledger account. This approach would provide better expense management and reporting.

Cetylite previously used a spreadsheet-based budgeting process which, in addition to the usual spreadsheet problems such as errors, linked worksheets, and integration, had just too many “moving parts” which made some of the budget requirements too difficult to manage. In this case, Adaptive Planning was integrated with their ERP solution, Exact Macola, so that actuals at the level of transaction data were brought over from their general ledger and their vendor detail is imported at the same time (with the vendor being a dimension) and the same dimension is used in their actual detail and their budget.  I created a report to show the budget and the actuals by vendor and the variances. This level of detail has significantly improved their ability to monitor and manage vendor budgets.

While still a work in process, the value of Adaptive and our dedication to the project is best summarized by Alanna Nelson, CFO of Cetylite, “Although we have not yet finished our implementation of the Adaptive Planning software, Cetylite has been very happy with Adaptive living up to its promises.   The Carlson team assigned to work with us has been great. They have successfully achieved every request that we have made of them. They are able to think ‘outside of the box’ for reporting requests that are unique to our business. We are looking forward to rolling out the platform to the company in early 2015.”