John Daniel Associates: Better Data Visibility for Seamless Budgeting and Forecasting

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John Daniel Associates: Better Data Visibility for Seamless Budgeting and Forecasting

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Janet Amos Pribanic, COO, John Daniel AssociatesJanet Amos Pribanic, COO
The traditional budgeting and forecasting solutions have been the bane of many organizations. They are manually-driven, time-consuming, and, more importantly, limited in their ability to guide future financial decisions. In case of drastic changes in market demands, resource levels, or budget constraints, the legacy solutions hardly acknowledge the immediate demands of the business. Take the case of a hospitality services company, for instance. The company wanted to eliminate the manual processes in budgeting and forecasting in its corporate food services business function, which was catering to renowned universities and corporations within their market. Due to the lack of a unified platform, the managers of the company were using manually created spreadsheets to populate their forecast models. As university meal-plans changed due to student plans, it was becoming a huge challenge for them to handle spreadsheets manually. With an unexpected increase of 4,000 new students signing up for the university’s meal plans, it was daunting for the hospitality company to manage their forecast for this demand. John Daniel Associates, a Pennsylvania-based Performance Management Company, aided them in establishing the Vena Solution, which eliminated restrictions for managing such changes. The solution generated a data model to assist in the forecast drivers (labor and material cost) required for the revised meal plans. As such, the hospitality company could quickly prepare the budget and deliver better services while achieving the improved bottom line. Janet Amos Pribanic, COO of John Daniel, says, “We did 6-8 weeks consulting with them for a successful and insights-driven business outcome.”

Offering effective services to implement innovative budgeting and forecasting solutions based on a client’s unique needs, John Daniel eliminates the manual work processes, organizes a seamless workflow, and provides business insights for favorable outcomes. Having an analytics technology partner such as Vena Solutions, among others, the company plays a key role in turning clients’ available data into actionable insights.


Our goal is to take the massive challenge that finance teams face while juggling large amounts of data, often disparate data, typically gathered manually, and give them the controls provided by Vena Solutions. We are then extending that solution to an enterprise analytics platform such as Qlik

“Vena Solutions provides an enterprise-class solution that connects a robust database, sophisticated workflow, powerful reporting, and advanced analytics with Microsoft Excel. This connection creates a central database governed by a sophisticated workflow engine and business rules,” states Janet. “Our goal is to take the massive challenge that finance teams face while juggling large amounts of data, often disparate data typically gathered manually, and give them the controls provided by Vena Solutions. We are then extending that solution to an enterprise analytics platform such as Qlik.” Their clients gain visibility to their businesses never possible before.

With decades of experience in implementing budgeting and forecasting solutions, team John Daniel begins the client engagement strategy with a discovery and assessment phase. Initially, it focuses on understanding whether the client has the required visibility for a seamless work process. The team then gathers the data from their ERP and other systems to detect the shortcomings in the business processes. After aligning the data and critical insights, they build a data model to support the client’s requirements. This data model provides a comprehensive view of the clients’ performance against their forecast, providing visibility to anticipated performance or potential shortcomings. Understanding both the business need as well as the data challenge is critical in solving the complex business problems of our clients,” adds Janet. Within a week, a small prototype of the new solution is built to give clients comprehensive visibility into the budget and forecast. Once the reviews and evaluations are made, the solution is deployed in accordance with the clients’ needs—either on-premise or the cloud.

Moving forward, John Daniel focuses on both finance solution and geographic expansions and aims to become the market leader in the forecasting and budgeting space. “Our next step is to continue assisting finance professionals in deploying Vena Solutions to ease their pain points efficiently and conclusively,” concludes Janet.

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John Daniel Associates

Company
John Daniel Associates

Headquarters
Pittsburgh, PA

Management
Janet Amos Pribanic, COO

Description
Helps clients to optimize the value of their data, giving them insights to better decision making with innovative technology solutions. Offering effective services to implement innovative budgeting and forecasting solutions based on a client’s unique needs, John Daniel eliminates the manual work processes, organizes a seamless workflow, and provides business insights for favorable outcomes. Having an analytics technology partner such as Vena Solutions, among others, the company plays a key role in turning clients’ available data into actionable insights