The Problem

As advisers for our clients on Finance and People & Culture, we are well aware of the importance and especially the challenges of headcount planning. The recurring manual process of downloading personnel data, integrating it into Excel-based systems, circulating it through various departments, and consolidating it through numerous copy & paste sessions is, overall, slow, inefficient, and insecure. As a result of these inefficiencies, the process of forecasting is done rarely, in best cases two to three times a year. Since personnel costs make up most of our cost basis as a consulting firm, this is not enough to run a cost-efficient and productive firm. The only solution for us to overcome this problem was to allocate full-time internal resources on the task of simply cleaning up and preparing the data.

The Solution

HRCast has transformed the way we approach headcount planning and financial forecasting. By automating the previously manual processes of data collection, cleaning, and consolidation, HRCast has made our lives significantly easier, allowing us to focus on strategic planning and value-adding activities, rather than on data cleaning or imports. With HRCast, we can now perform our headcount planning more frequently, giving us a clearer, more accurate view of our personnel costs, which make up the core of our expenses. The tool has also allowed us to save internal resources that were once dedicated solely to preparing the data, freeing up our team to work on more strategic initiatives. Ultimately, HRCast has significantly changed the way we make decisions. We now have real-time insights into our cost structure, enabling us to run a more cost-efficient and productive firm, with the confidence that our financial forecasts are based on reliable, up-to-date data.

"As experts in Finance and People & Culture, we are all too familiar with the importance and, in particular, the challenges of personnel cost planning. The recurring manual process of downloading personnel data, integrating it into Excel-based systems, circulating it through different departments, and compiling it through numerous copy-and-paste sessions is overall slow, inefficient, and insecure. HRCast addresses exactly these challenges. HRCast has greatly simplified our work by allowing us to focus on substantive and strategic planning and, consequently, on value-adding activities rather than on data cleansing or importing."

Muzi Yilmaz

Managing Partner at torq.partners

Implementing HRCast

Implementing HRCast was a seamless and straightforward process. The tool offers a simple connection to our HR management system, Personio, via API, allowing us to quickly integrate our personnel data without any hassle. HRCast continuously reimports data, ensuring that our core information is always up-to-date and aligned with any changes in our workforce. One of the key features that made HRCast stand out is its flexibility to support both bottom-up and top-down planning, giving us the freedom to structure our headcount forecasts in a way that best suits our needs. Additionally, the collaboration feature enables different users to securely make changes to scenarios, with each user only able to view the data relevant to them. This ensures both security and efficiency in our planning process.