With development projects being undertaken over a number of years, construction is an industry where accurate forecasting and complete insight into costs is absolutely essential to ensuring long term profits. McCarthy & Stone has developed a model that encompasses the lifecycle of all of its developments across the entire company to create a strategic five year forecast for the business.
Cash is king, and understanding pinch points and excess cash balances is fundamental to the construction business. Adaptive Planning has given us a model we can roll out across all of our departments.
Project Accountant
Challenges.
A multitude of underlying costs to identify for each development
Financial data spread across multiple departments in different locations
Inability to create a strategic long term plan for the entire company
Results.
One model to roll out across all departments to create strategic five year forecast
Financial collaboration with regional teams
Platform to showcase financials and drive commercial discussions