Case Study: Huntsman Corporation achieves better capital allocation and portfolio planning with Quorum Software’s Portfolio

How Huntsman Corporation integrated Quorum's Portfolio to improve their capital management and company-wide collaboration

Huntsman Corporation, a global chemicals company, faced significant challenges with its annual capital planning process. Their fractured system of separate submissions and reviews from each division made it difficult to consistently evaluate proposals and allocate a recently reduced budget effectively. Jeff Morgheim, Sustainability Director, was tasked with finding a fair and objective method to align resources with strategic goals, leading them to work with Quorum Software.

Quorum Software implemented its Portfolio solution to create a transparent and unified capital planning process. This enabled Huntsman to break down divisional silos, collaborate effectively, and align all resources and activities with the company's overarching strategic objectives. The leadership team was so impressed with the initial results for one business unit that they expanded the use of Quorum's Portfolio to renewals and eventually the entire corporate budget.

Huntsman Corporation

Jeff Morgheim

Sustainability Director