Case Study: Skanska USA Building Inc. achieves automated overhead budgeting and faster forecasting with Prophix Software

Building a Strong Foundation of Finance at Skanska USA Building Inc.

Skanska USA Building Inc., a New Jersey–based leader in construction with roughly 3,000 employees, relied on more than 250 Excel files for overhead planning, which created version-control issues, formula errors and a highly manual, time-consuming budgeting and forecasting process that hindered deeper financial analysis.

By implementing Prophix’s CPM platform, Skanska automated overhead budgeting, reporting and analysis across overhead, utilization and CapEx planning. The solution improved visibility into historical trends, ratios and balance sheet items, allowed the company to identify high- and low-overhead projects to prioritize ROI, and delivered measurable efficiencies—saving about six hours per month on report creation and reducing forecast setup from six people over days to a couple of hours for one person—while enabling more flexible, secure reporting and ongoing user training.

Skanska USA Building Inc.