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HYMMEN LTD. INDUSTRIAL PLANTS & MACHINERY

RELIABLE PLANNING IN VOLATILEN PROJECT BUSINESS

KEY DATA

Sector: Industry

Employees: 180

Headquarter: Bielefeld (D)

Pre-Systems: Microsoft Excel

CHALLENGES

Hymmen Ltd. Industrial Plants & Machinery faced the challenge of reliably planning the project business. This happened by means of numerous Microsoft Excel folders. The effort to keep it up to date and ensure the synchronization of the various folders is - understandably - very high. It is no coincidence that financial planning is seen as the supreme discipline in the machine and plant construction industry.

 

ACHIEVEMENTS

The standard module "CoPlanner Project Planning for Mechanical and Plant Engineering" has been implemented in conjunction with the Standard Model of Integrated Financial Planning. A connection to the actual data of the company takes place via CSV files, which are loaded into the CoPlanner database.

 

HIGHLIGHT

The main topics at Hymmen are:

 

  • Detailed and centralized project planning (sales, costs, deposits and withdrawals) including milestone planning by the finance department

  • Calculation of a performance curve and a profit and loss account per project

  • Determination and consideration of stock changes per project as well as payments and withdrawals

  • Planning of other business areas, such as the spare parts business

  • In addition to the standard results (profit and loss account, balance sheet, indirect financial plan) of integrated financial planning, a direct financial plan is also created on a weekly basis in order to determine the liquidity situation precisely