The finance team at SightLife, one of the premiere eye banks in the world, is expanding the use of Alight Planning to move across the Planning Maturity Curve and make the move to Agile Planning.
Working with surgeons in over 30 countries, SightLife restores sight to more than 20 men, women, and children each day. This is accomplished through eye banking, which is the recovery and placement of eye tissue used in cornea transplants. As a nonprofit organization, SightLife needed a planning system that could handle sophisticated driver-based modeling. Jeanette Wilcox, Director of Finance at SightLife, remarked, “Donors and tissue have a shelf life measured in days, so we have to capture timing assumptions. The key driver for us begins with the number of donors, but then we adjust the volume via a transplant rate as not all corneas are transplantable. Then we have to break the model into four different areas to analyze a percentage of transplantable corneas that are shipped to a surgeon while breaking out the shipments into domestic and International since each has unique pricing models. We had already looked at several other budgeting software solutions that just didn’t seem to have the unit-rate-amount structure we needed to model out the revenue model which is highly driver-based. Alight took the time to really understand our planning objectives and confirm success even before we made the purchase.” [Read more…]