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How Harris Streamlined Forecasting Across 900+ Projects for Continuous Visibility and Avoid Cash Crunches

Impact Achieved

85%

Accuracy in A/R forecast

1

Month+ Saved per Person Every Year for Critical Tasks

About Harris

Harris, a leading national mechanical contractor, specializing in design and engineering, construction, building automation, service streamlined forecasting to gain continuous visibility & avoid cash crunches.

Region

North America

Revenue

$403.8M

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Top Challenges

  • Indirect forecasting methods like excel sheets and balance sheets were used leading to low accuracy.
  • There were multiple forecasting models for each division and process was very tedious and time consuming.
  • Data gathered for 900+ projects from ERP and FP&A was not insightful.

Business Benefits

  • Direct method used for forecasting providing data drill down enabling better visibility into cash management.
  • Multiple forecast horizons from 1-Day to 6- Months updated daily improving accuracy let the team focus on higher value tasks.
  • Automated data gathering process saved time and effort while variance analysis provided root-cause of fluctuations.
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© 2023 HighRadius • All rights reserved
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