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.
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