WPP is a large and complex group, made up of 30 operating companies with over 20,000 individual reporting units, that generates a wide range of complex data from a huge number of sources across the globe.
Each company must remain competitive whilst achieving revenue growth, margin improvements, and better return on capital employed. In order to react quickly to trends in a fast-moving global business environment, managers at both the group and key operating companies needed to be able to analyze financial and operational trends by geography, sector, and client.
I cannot imagine running this group, with all its complexity, without this solution.
Group Financial Controller, WPP
We developed a Performance Insight and Reporting application that provides guided analysis to managers across the business. This enables WPP to make better decisions, faster and improves operational performance and strategic planning.
The application configured in Metapraxis Empower has the following features:
Better decisions: the guided analysis allows users to quickly identify the key drivers of business performance, and then focus on these factors in order to improve working capital management, cost efficiency and margin.
More efficient processes: the automated data integration, commentary, analysis, and report production, allows the finance team to focus on providing insight to decision-makers, as opposed to “turn the handle” finance activities. The Empower solution enables the WPP Group FP&A team to achieve upper quartile finance efficiency.
Improved collaboration: the solution ensures that Group Finance and Operating Company Management have one consistent set of analysis, immediately available, improving cross-company dialogue.
WPP plc is a British multinational communications, advertising, public relations, technology, and commerce holding company headquartered in London, England. It has a market cap. of £9bn and 109,000 employees in 110 countries.