Team Car Care, the largest franchisee of Jiffy Lube stores, has utilized machine learning to enhance its financial workflows. The company underwent a finance tech transformation with the help of a machine-learning model that provides forecast suggestions based on guest count and seasonal trends, using historical and weather data. The model is integrated into the platform provided by Workday, allowing the FP&A team to attain forecasts within minutes instead of undergoing a four-month exercise to pass spreadsheets back and forth. The company’s SVP of finance, analytics, and supply chain says that FP&A professionals need to be trained a little more technically as they are expected to play a big role as data scientists in the CFO’s office.
Team Car Care is the largest franchisee of Jiffy Lube stores, supporting over 500 Jiffy Lube outlets in 26 states.
Matt Castonguay is the SVP of finance, analytics, and supply chain at Team Car Care, where he has been for three years. He led the company’s digital transformation journey in financial planning and analysis (FP&A), and successfully implemented a machine-learning model that has enhanced the company’s financial workflows.
