Kazancı Holding Case Study

“Before this solution, consolidating and finalizing our group financial statements took about two weeks. But now, we’re finished in five days.”
Mustafa Özen, Budget and Reporting Director
​Kazancı Holding 
 IBM Software components used:
  • IBM Planning Analytics TM1
  • IBM Cognos Analytics (BI)
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Overview
With a history stretching back to the 1950s, KAZANCI HOLDING is most widely recognized through its Aksa brand. The holding company and its various businesses specialize in natural gas distribution and sales, electricity distribution and sales, electricity generation, generator manufacturing, agriculture and tourism. The organization maintains its headquarters in Istanbul, Turkey, with additional operations spread across four continents and 21 countries. Currently, KAZANCI HOLDING employs over 8,000 staff.
Business challenge
KAZANCI HOLDING wanted to develop a group-wide, integrated financial budgeting and reporting solution to replace its manual and disjointed processes.
Transformation
Together with Planist, the business put in place a centralized planning, budgeting and consolidation platform backed by IBM Planning Analytics software.
Results
  • <5 days to consolidate group financials, 10 days faster than the previous method
  • Boosts accuracy of reports with standardized data formats and a central management portal
  • Promotes integrity and reconciliation of plans and budgets with driver-based and integrated planning models
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