Barbie Budgets Better: Mattel Manages Costs with OnePlan's Strategic Tools

Company Overview

​Mattel, founded in 1945, has grown to be the world’s second-largest toy manufacturer, known for brands such as Fischer-Price, Barbie, Polly Pocket, Hot Wheels, and Matchbox.

Why Mattel Chose OnePlan

OnePlan was the perfect match for Mattel, delivering comprehensive financial planning and project portfolio management tools that provided the financial insights and cost control capabilities essential for guiding strategic investments and improving overall productivity.

Department:

IT

Revenue:

$4.88B

Industry:

Retail

Employees:

26K

Featured Highlights

  • Financial planner
  • Analytics with Power BI
  • Comprehensive PPM tools

Top Challenges

  • Lack of financial oversight
  • Fragmented planning tools
  • Inefficient resource allocation

Mattel lacked a unified tool to provide financial insights and manage costs, which resulted in significant cost overruns. Mattel sought a product that could combine Project Portfolio Management with robust financial planning capabilities to meet their annual planning and ongoing project management needs.

OnePlan provided enhanced financial planning capabilities that were both detailed and flexible to support Mattel’s Annual Operating Plan (AOP) and overall portfolio management needs.

Customer Benefits

  • Streamlined decision making with top-down and bottom-up financials
  • Reduced cost overruns allowing for more strategic investments across products and portfolios
  • Financial visibility across the entire portfolio, including project, program, and portfolio expenditures
  • Unified PPM toolsets to improve collaboration and productivity