Building & Construction
| Function: | Products: |
| Planning | Workday Adaptive Planning |
Challenge
A large diversified construction and materials firm managing approximately 3,500 active projects annually faced a fragmented financial planning environment. Budgets and forecasts for its construction and materials divisions were maintained separately in spreadsheets, requiring extensive manual labor to consolidate. This disjointed process hampered responsiveness and made variance tracking slow and error-prone—compromising clarity and agility.
Solution
The firm implemented Workday Adaptive Planning to unify its planning model:
- Enabled a single system for consolidated budgeting and forecasting across both construction and materials segments.
- Introduced granular job-level visibility, allowing detailed variance analysis down to individual project assignments.
- Offered a user-friendly, flexible platform capable of handling the scale, complexity, and frequent updates required in construction planning.
Results
- Forecast frequency increased 60%—going from 4 to 10 consolidated forecasts per year, enabling more dynamic planning.
- Month-end variance reporting time reduced by 30%, accelerating insight delivery.
- Ability to drill into project-level details provided richer financial insight, helping the firm understand what drove variances and inform adjustments.
- Board reporting cycles were shortened from 10 days to just 3, driven by streamlined data collection and analysis.
- Handled financial planning across 100+ materials plants, enabling coordinated updates and visibility across all sites.