Global Development Company Realizes Improvements to Budgeting & Forecasting Software
Overview
This international development firm offers a range of services including project management, technical assistance, and training to promote social and economic change in developing countries.
Challenges
This company’s IBM (International Business Machine) Cognos system was not able to scale to accommodate the high volume of data that was needed to effectively manage the financial management of dozens of projects they undertake around the world.
dF Solution Statement/Results
deFacto Power Planning was selected for its ability to process and manage large volumes of data and integrate with Microsoft Dynamics 365, providing a single source of truth for all financial reporting, budgeting, forecasting, and project management across all projects. This 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 are applied to the appropriate cost bases in accordance with the client’s standards for disclosure.
Now, project managers can conduct project financial management deeper than before and globally, and the automation of calculations and their applications lowered manual errors across the board. Overall, deFacto Power Planning was able to provide an entirely new level of efficient and centralized project financial management using the familiar Excel interface.