National Vision, a leader in the U.S. optical industry, is a retailer that has seen tremendous growth since it was founded in 1990. National Vision turned to their long-standing partner, Protiviti, to extend the capabilities of SAP Business Planning and Consolidation, their full financial reporting, budgeting and forecasting tool, with SAP Analytics Cloud for planning.
National Vision Enhances SAP Business Planning and Consolidation with SAP Analytics Cloud
National Vision is one of the largest and fastest growing U.S. value optical retailers, with a diverse portfolio of 1,185 retail stores across five brands, and 19 consumer websites. Their family of retail brands includes America’s Best, Eyeglass World, Vista Optical, and Walmart Vision Centers, all which promise to deliver high-quality eyewear and eyecare to customers across the nation at affordable prices.
Defining the Data Problem
Behind its success, however, the company was facing inefficiencies in integrating its disparate systems and outside data sources. This, combined with complicated and slow calculations in their current financial environment, resulted in processing delays and difficulty updating existing calculations. The company needed to increase efficiency in its financial planning cycle and gain ease of collaboration.
To address these challenges, National Vision decided to extend the capabilities of its SAP Business Planning and Consolidation software by adding SAP Analytics Cloud. Together, the two technology applications would allow the company to gain a clearer view into its financial reporting. The company’s integrated solution incorporated:
- SAP Business Planning and Consolidation (SAP BPC), a solution that delivers planning, budgeting, forecasting and financial consolidation capabilities
- SAP Analytics Cloud, a cloud-based next-generation solution that integrates, in one platform, financial planning, reporting, analytics and predictive capabilities to extract actionable insights
National Vision turned to Protiviti, a long-standing SAP Gold partner who has garnered a reputation as a leader in finance transformation, analytics and risk management. Protiviti’s SAP experts worked with the National Vision project team to modernize and implement a comprehensive financial planning and analysis (FP&A) strategy that would enable the company to make its financial process more collaborative and efficient.
Protiviti has partnered with National Vision for nearly 15 years, supporting the company’s overall strategy to be the leading US Optical Retailer. With the addition of SAP Analytics Cloud, National Vision has the tools necessary to simplify the planning process, efficiently model different business scenarios, and understand the potential impact on the organization, enabling the best business decisions for optimal success.Taylor Courtnay, Managing Director, Protiviti