Budgeting and Forecasting Software Benefits Franklin Energy

THE STORY

Franklin Energy was founded in 1994 in a converted church on Lake Michigan. Its founder worked for a utility and he observed the roadblocks they faced in helping people use resources more efficiently. He saw the challenges program managers were up against in meeting their goals. And he saw an opportunity to do better. Franklin Energy’s vision is to help all people use our world’s precious resources more efficiently.

As the company grew and acquired other related businesses it needed a new platform that was flexible and scalable to give their Financial Analysts the focused time needed to forecast and report efficiently rather than dealing with manual entries, reconciliations and tasks.  

THE RESULTS

SVA helped implement a SaaS solution with Adaptive Insights that enables the Financial Analysts to create detailed bottom-up budgets and forecasts with real-time consolidation and easy variance analysis via reporting.

It included a complex Labor Allocation Model, with hours assigned to multiple programs, allocation rates vs actual rates for current employees and open positions. Franklin Energy had a vision. SVA realized it.

SVA provided a solution on time and on budget with a project plan in place that gave direction and moved the project forward step by step. In addition to solving the business problem, SVA took the time to make sure Franklin Energy leverage the capabilities of their new system and improve processes accordingly.