![]() "For us to get to that point, it really requires precision around guest count, and not just for the month but for the day.”Ĭastonguay said the FP&A team uses Workday Adaptive Planning, which has a machine learning model with a predictive forecaster that’s built into the platform. So, the company made the move to modernize how it handles financial workflows with automation and machine learning. “The first thing we try to figure out is how many guests are going to show up at a Jiffy Lube," Castonguay says. The teams support over 500 Jiffy Lube outlets in 26 states. Team Car Care is the largest franchisee of Jiffy Lube stores. FP&A and accounting were doing a lot of manual work and spreadsheets, he said. When he joined Team Car Care three years ago during the pandemic's supply chain crunch, demand for car maintenance and repair began to skyrocket. ![]() “People are keeping their cars longer, and that’s good for our business to continue to grow,” Matt Castonguay, SVP of finance, analytics, and supply chain at Team Car Care, tells me.Īt Gartner's CFO and Finance Executive Conference in National Harbor, Md., on Thursday, I had a conversation with Castonguay about the company's digital transformation journey in financial planning and analysis (FP&A). More from Fortune: 5 side hustles where you may earn over $20,000 per year-all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home ![]()
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