Many pension schemes have huge deficits. And those of FTSE 250 companies are no exception. Because of this, their CFOs rely heavily on consultancies to develop and model deficit reduction strategies for them.
But these CFOs were becoming increasingly frustrated at the time and resources needed to do this work, and the complexity and poor quality of the spreadsheets with which they were being presented. KPMG – a major, high profile consultancy – needed to find a better way. They needed this problem solving.
As with most problems, the simplest solution is often the best. That was certainly the case here. We completely did away with spreadsheets and developed Fusion – a fully responsive, interactive modelling tool with sophisticated data visualisations.
It presented all the relevant information in a clear and easy to understand format, which meant the consultant could devise appropriate strategies, and the CFO could see them at any point, and take appropriate action without delay – in minutes rather than months. We were very happy with the tool; how well it worked and all the time (and money) it saved. And KPMG were very happy too. They must have been – their chairman even mentioned it in his annual statement. High praise indeed.
