OneWelbeck is a private healthcare facility like no other, with twelve specialties all under one roof all uniquely created to put the patient first, as well as our own Surgery Centre. Our flagship building continues to grow, with further specialties planned to open later on this year and beyond, as well as regional centres to expand our offering beyond London.

 

Previously, Welbeck’s Finance Team had to manually create multiple spreadsheets, updating them with new specialties, hospitals, expansion plans, price changes, etc which was proving to be very time consuming and manually intensive to get a view of Financial Performance. To get a Consolidated View of the Business that was impacted by any variable change made during the Budgeting Process was proving a very difficult task.

 

Ayush Gupta, Head of Finance at Welbeck says, “With a rapidly growing business, having the ability to understand the impact of exponential growth is so important, and this is what Anaplan has enabled. Prior to Anaplan, a lot of time was spent updating models with actuals, master data changes, etc whereas now we have been able to automate numerous tasks allowing our Finance Function to focus more on analysis and provide greater visibility and support to the wider business, that too in a timely manner. With a complex LLP Organisational structure, we needed a technology that could adapt to our unique business challenges. While we are continuing to work closely with GrowQ to give us greater flexibility and insight into our planning processes, Anaplan is proving itself to be the perfect product”

 

With GrowQs expertise, Welbeck were able to set up a scalable and robust FP&A Solution that encompassed:

• Bottom Up Hospital and Specialty Planning

• Expansion Modelling Capabilities

• IFRS16 Leasing Model

• Payroll Planning for Central HO and Hospitals

• OPEX & CAPEX Planning

• 3 Statement Model for Central HO and Hospitals

•  Group Consolidation and InterCo Eliminations

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Joseph Swei, Director at GrowQ adds, “I thoroughly enjoyed being part of this implementation and working very closely with Ayush and his team. The team was full of visionaries, which is so important when looking to transform existing processes to ensure you get the true benefits of a system like Anaplan. Welbeck Health were able to articulate their future plans, which played a significant part in the Design as we knew we needed to build a tool that could grow with the business.

We are now onto our second implementation with Welbeck- Investment Management Tool, which will help the business manage Clinician Investments, track portfolio performance and to help give visibility to investors of the benefits of being part of One Welbeck”

 

Ayush Gupta adds “ The reason we chose GrowQ as our implementation partner was because of their agile approach, cost effective rates and their experience within the Healthcare sector. I was very impressed with the work they had done at 18 Week Support and I knew our transformational journey would be very similar”.

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For more information about this article please contact  joseph.swei@growq.co.uk

 

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