Centage Case Studies More Accurate Planning Delivers Bigger Pipeline Profits

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	More Accurate Planning Delivers Bigger Pipeline Profits Centage

More Accurate Planning Delivers Bigger Pipeline Profits

Centage

Technology Category	Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions	Business Operation
Use Cases	Advanced Production Planning and Scheduling Demand Planning & Forecasting
Challenge	Momentum Midstream, an independent midstream energy company, was facing challenges with their budgeting and forecasting processes. They were relying on spreadsheets to manage these processes, but as the company grew and the processes became more complex, it became clear that the manual process was too inefficient and error-prone. Momentum’s business model and revenue stream depend on them providing a turn-key natural gas production facility, planning for the physical capacity of over a billion dollars in property plant and equipment, and also the human capacity in terms of a trained and productive workforce. Being able to accurately forecast the resulting demand for cash over an 18-24 month pre-production cycle is paramount to their success. They were spending far too much time chasing down broken links and double-checking formulas for errors. Read More
About Customer	Momentum Midstream is an independent midstream energy company that provides oil and gas producers with flexible, responsive and reliable midstream services linking the wellhead to the market. One of their current projects, Utica East Ohio Midstream, LLC, will be building and operating the largest single location natural gas processing plant in the United States. This growth-oriented strategy has resulted in a history of consistent performance for their stakeholders, including producers, employees and investors. Read More
Solution	Momentum Midstream implemented a new budgeting and planning process that helped create their annual budget 50% faster than using spreadsheets in the first year. Managers from across the organization were able to gather together in virtual forecast planning sessions and watch how discussed strategy changes would impact their budgets. With each change to assumptions, they could verify the projected effect in real time. They set up a series of drivers very specific to their business at a macro level, and were able to compare not only the financial impact but also compare these assumptions on versions and see differences between budget forecast and actuals. Read More Log in to view content
Contents

Technology Category

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Functions

Business Operation

Use Cases

Advanced Production Planning and Scheduling

Demand Planning & Forecasting

Challenge

Momentum Midstream, an independent midstream energy company, was facing challenges with their budgeting and forecasting processes. They were relying on spreadsheets to manage these processes, but as the company grew and the processes became more complex, it became clear that the manual process was too inefficient and error-prone. Momentum’s business model and revenue stream depend on them providing a turn-key natural gas production facility, planning for the physical capacity of over a billion dollars in property plant and equipment, and also the human capacity in terms of a trained and productive workforce. Being able to accurately forecast the resulting demand for cash over an 18-24 month pre-production cycle is paramount to their success. They were spending far too much time chasing down broken links and double-checking formulas for errors.

About Customer

Momentum Midstream is an independent midstream energy company that provides oil and gas producers with flexible, responsive and reliable midstream services linking the wellhead to the market. One of their current projects, Utica East Ohio Midstream, LLC, will be building and operating the largest single location natural gas processing plant in the United States. This growth-oriented strategy has resulted in a history of consistent performance for their stakeholders, including producers, employees and investors.

Solution

Momentum Midstream implemented a new budgeting and planning process that helped create their annual budget 50% faster than using spreadsheets in the first year. Managers from across the organization were able to gather together in virtual forecast planning sessions and watch how discussed strategy changes would impact their budgets. With each change to assumptions, they could verify the projected effect in real time. They set up a series of drivers very specific to their business at a macro level, and were able to compare not only the financial impact but also compare these assumptions on versions and see differences between budget forecast and actuals.

Impact #1	The new budgeting and planning process has helped create their annual budget 50% faster than using spreadsheets in the first year.
Impact #2	Managers from across the organization were able to gather together in virtual forecast planning sessions and watch how discussed strategy changes would impact their budgets.
Impact #3	They can now model major changes in a matter of hours. Minor changes are done with management in a real time strategy session.

Impact #1

The new budgeting and planning process has helped create their annual budget 50% faster than using spreadsheets in the first year.

Impact #2

Managers from across the organization were able to gather together in virtual forecast planning sessions and watch how discussed strategy changes would impact their budgets.

Impact #3

They can now model major changes in a matter of hours. Minor changes are done with management in a real time strategy session.

Benefit #1	Annual budget creation time reduced by 50%
Benefit #2	Major changes can now be modeled in a matter of hours
Benefit #3	Minor changes can be done in real time strategy sessions

Benefit #1

Annual budget creation time reduced by 50%

Benefit #2

Major changes can now be modeled in a matter of hours

Benefit #3

Minor changes can be done in real time strategy sessions

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Overview

More Accurate Planning Delivers Bigger Pipeline Profits

Operational Impact

Quantitative Benefit