Case Studies How 1build Cut Forecasting and Analysis Time by 92% and Started Growing with Confidence

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	How 1build Cut Forecasting and Analysis Time by 92% and Started Growing with Confidence

How 1build Cut Forecasting and Analysis Time by 92% and Started Growing with Confidence

Technology Category	Analytics & Modeling - Predictive Analytics Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	Construction & Infrastructure
Applicable Functions	Business Operation Sales & Marketing
Services	Software Design & Engineering Services System Integration
Challenge	1build faced significant challenges with their financial modeling and analysis processes. They relied on fractional CFO and accounting services, which took two weeks to create requested models. These models often lacked accuracy because third parties were not embedded in the business and did not have all the necessary information. By the time the models were delivered, the company had often moved on to new questions. Additionally, 1build was not in a position to hire a full-time finance professional, necessitating a tool that could handle complex modeling needs and provide quick answers to ad hoc questions. The tool needed to be accessible to the Head of Business Operations, Head of Operations, and CEO, who were jointly managing financial responsibilities. Read More
About Customer	1build is a cost estimating platform designed for construction companies, enabling them to manage contracts and bid with confidence by providing real-time cost data, takeoffs, and expert estimators in one place. The platform helps builders win more jobs by offering reliable material and labor prices and customization for local markets. 1build was part of Y Combinator's W20 and raised a $14.5 million Series A led by Greycroft in September 2021. The company is committed to making construction estimating easy for its customers through software and services powered by real-time, local cost data. They have evolved significantly in terms of business lines and pricing models, necessitating robust financial modeling and analysis capabilities. Read More
Solution	1build implemented Mosaic, a strategic finance platform, to address their financial modeling and analysis needs. The primary goal was to make changes to financial models and run analyses quickly while ensuring the accuracy of the numbers. Mosaic allowed 1build to update models and show the impact of pricing model changes in real time, facilitating more strategic, data-driven decisions. The platform enabled 1build to cut its reliance on fractional CFO services and handle more strategic financial tasks in-house, even without a dedicated finance hire. The partnership with Mosaic's customer success team also played a crucial role, providing thought leadership and support for complex modeling needs. As 1build continues to grow, they plan to scale their use of Mosaic, leveraging features like Topline Planner for more complex scenario planning. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Industries

Construction & Infrastructure

Applicable Functions

Business Operation

Sales & Marketing

Services

Software Design & Engineering Services

System Integration

Challenge

1build faced significant challenges with their financial modeling and analysis processes. They relied on fractional CFO and accounting services, which took two weeks to create requested models. These models often lacked accuracy because third parties were not embedded in the business and did not have all the necessary information. By the time the models were delivered, the company had often moved on to new questions. Additionally, 1build was not in a position to hire a full-time finance professional, necessitating a tool that could handle complex modeling needs and provide quick answers to ad hoc questions. The tool needed to be accessible to the Head of Business Operations, Head of Operations, and CEO, who were jointly managing financial responsibilities.

About Customer

1build is a cost estimating platform designed for construction companies, enabling them to manage contracts and bid with confidence by providing real-time cost data, takeoffs, and expert estimators in one place. The platform helps builders win more jobs by offering reliable material and labor prices and customization for local markets. 1build was part of Y Combinator's W20 and raised a $14.5 million Series A led by Greycroft in September 2021. The company is committed to making construction estimating easy for its customers through software and services powered by real-time, local cost data. They have evolved significantly in terms of business lines and pricing models, necessitating robust financial modeling and analysis capabilities.

Solution

1build implemented Mosaic, a strategic finance platform, to address their financial modeling and analysis needs. The primary goal was to make changes to financial models and run analyses quickly while ensuring the accuracy of the numbers. Mosaic allowed 1build to update models and show the impact of pricing model changes in real time, facilitating more strategic, data-driven decisions. The platform enabled 1build to cut its reliance on fractional CFO services and handle more strategic financial tasks in-house, even without a dedicated finance hire. The partnership with Mosaic's customer success team also played a crucial role, providing thought leadership and support for complex modeling needs. As 1build continues to grow, they plan to scale their use of Mosaic, leveraging features like Topline Planner for more complex scenario planning.

Impact #1	1build significantly reduced its reliance on fractional CFO services, allowing the company to handle more strategic financial tasks in-house.
Impact #2	The ability to generate forecasts and analyze numbers in real time enabled 1build to operate longer without hiring a full-time finance leader, saving the business a six-figure salary.
Impact #3	The partnership with Mosaic's customer success team provided valuable thought leadership and support for complex modeling needs, making Mosaic a true partner rather than just a software vendor.

Impact #1

1build significantly reduced its reliance on fractional CFO services, allowing the company to handle more strategic financial tasks in-house.

Impact #2

The ability to generate forecasts and analyze numbers in real time enabled 1build to operate longer without hiring a full-time finance leader, saving the business a six-figure salary.

Impact #3

The partnership with Mosaic's customer success team provided valuable thought leadership and support for complex modeling needs, making Mosaic a true partner rather than just a software vendor.

Benefit #1	92% reduction in time required for financial modeling and analysis.
Benefit #2	Saved a six-figure salary by delaying the need to hire a full-time finance leader.

Benefit #1

92% reduction in time required for financial modeling and analysis.

Benefit #2

Saved a six-figure salary by delaying the need to hire a full-time finance leader.

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Overview

How 1build Cut Forecasting and Analysis Time by 92% and Started Growing with Confidence

Operational Impact

Quantitative Benefit