Covestro – 90% Time Savings & Increased Reliability through Digital Transformation

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Summary

This case study explores how Covestro, the world’s largest high-tech polymer material suppliers, utilizes ARES PRISM as a part of a global corporate digitalization strategy. Covestro required a centralized single source of truth to standardize project control practices across its project portfolio, increase consistency of its reporting, and further increase forecast accuracy. With ARES PRISM, they were able to save time on data collection and validation, implement a structured and integrated approach across all projects and regions, and increase reliability.

Challenges

  • Lacked consistent cost control tools and reports
    across projects and regions
  • Cost, change management, and schedule integration
    was not guaranteed
  • Dependency on spreadsheets

Solution

  • Integrated cost and schedule
  • Centralized change management
  • Schedule integration capabilities
  • SAP integration capabilities

Results

  • Structured & Integrated Approach
  • 90% Time Saved
  • Efficient Reporting
  • Reduced Manual Data Collection & Validation
  • Increased Reliability
  • Real-time Portfolio Data