Case Study: Dolphin Drilling achieves rapid rolling forecasts and automated scenario planning with Workday Adaptive Planning

Dolphin Drilling Navigates Market Uncertainty with Rolling Forecasts

Dolphin Drilling, a long-established Norwegian offshore drilling contractor in the Fred. Olsen Group, faced increasing market volatility that made timely, accurate forecasting critical. Their spreadsheet-driven budgeting—spread across rigs, legal entities and group levels—required extensive manual entry and slow, error-prone updates, preventing rapid scenario planning and monthly rolling forecasts.

Working with partner eCraft to implement Workday Adaptive Planning, Dolphin automated data collection and unified its financial model, enabling on-the-spot scenario analysis and visibility. Budgeting times fell from days to minutes (currency revisions now take about five minutes), review cycles shortened dramatically, and the company now runs accurate monthly rolling forecasts to see the impact of exchange rates, staffing and contract changes on the bottom line.

Dolphin Drilling

Tove Rosland

Accounting and Controlling Manager