Global Development Company Realizes Improvements to Budgeting & Forecasting Software
Overview
This company is an international development firm that offers a range of services including project management, technical assistance, and training to promote social and economic change in developing countries. Employee-owned and based in Washington, D.C., they have received some of the U.S. government’s largest aid contracts and works on a variety of development issues in over 100 countries. The company employs approximately 5,000 people and is committed to finding life-changing solutions that transform how development can, and should, work.
As they saw their CPM processes become outdated and unscalable, deFacto Global was called upon to upgrade their software and enhance their capabilities.
Challenges
This company’s budgeting and forecasting software was not able to keep up with their needs as they grew, due in large part to the inability of their old software to handle the volume of data that the company is now generating. Other issues included a lack of integration, security, and customization.
dF Solution Statement/Results
To update and improve this company’s software, deFacto Global enabled integration with the most updated implementation of Microsoft Dynamics 365 to provide a single source of truth for all financial data. This integration allowed business units to capture labor cost of sales, non-labor cost of sales, fee adjustments, operating expenses, and LOE by contract type down to the project, activity, resource, and GL levels.
The upgrade to Power Planning also included a series of complex calculations to calculate gross profit and sales based on actual and forecasted costs, indirect rates, and fee and indirect adjustments. These calculations were applied to the appropriate cost bases in accordance with the client’s standards for disclosure.
Overall, the implementation of deFacto Power Planning was a major success. It provided a number of benefits that helped the client to improve its financial management processes, including improved accuracy and timeliness of financial reporting, increased visibility into financial performance, and reduced manual effort and errors.