The AI platform provides valuable insights to support strategic decision-making

Summary:

The AI project management tool has greatly improved the company’s efficiency, KPI tracking, and overall management by targeting the company’s unique challenges and offering a complete solution. 

Client: 

Fluxym, a consulting firm headquartered in Paris, is recognized as the global expert in automating procurement and finance processes. Over the past 20 years, Fluxym has played a key role in transforming procurement operations for more than 360 companies worldwide.

Problem Statement: 

Fluxym used an internally developed system to manage its projects and consultant allocation, but as the company experienced rapid growth, this approach created significant challenges. 

As the number of projects and consultants expanded across multiple locations, the system became inefficient, with manual processes making it difficult to get a real-time, comprehensive view of operations, leading to inefficiencies and potential oversights. 

Additionally, without a centralized system for tracking key performance indicators (KPIs), Fluxym struggled to effectively monitor and analyze performance metrics, limiting its ability to make informed strategic decisions and optimize operations. 

The manual data entry process was also time-consuming and prone to errors, frustrating teams who had to constantly update records, resulting in inconsistencies and delays in accessing vital information.

Recognizing these issues, Fluxym sought a solution that could simplify operations, provide a cohesive view of projects and resources, and boost overall efficiency. Their objective was to implement a robust project management tool to fully address these concerns.

Results: 

• Ability to access real-time data and focus on strategic tasks, enhancing overall productivity.
• Improved resource planning and utilization, contributing to better operational performance.
• Improved decision-making and strategic planning.
• Improved project outcomes and client satisfaction.

AI Solution Overview:

Fluxym’s search for the right solution led them to Forecast, a project management platform tailored for growing businesses. 

Forecast offered a complete set of tools, including time sheets, project management, forecasting, reporting, and KPI tracking. This all-in-one platform met Fluxym’s needs for unifying operations and streamlining workflows.

As a French company, Fluxym required a platform that could be easily adopted by its French-speaking consultants. Forecast’s ability to be fully translated into French made it an ideal choice, ensuring smooth implementation and usability across the organization.

Forecast allowed Fluxym to customize the AI platform to suit its specific requirements, such as using labels and codes to categorize projects by region, complexity, and consultant levels. This configurability supported detailed analysis and process optimization.

With Forecast’s advanced analytics AI tool, AVA, Fluxym could link various datasets and extract detailed KPIs. This feature was essential for gaining deeper operational insights and improving performance monitoring.

The ability to connect datasets and generate in-depth reports greatly improved Fluxym’s reporting capabilities, providing crucial insights for strategic decision-making.

References: 

1. Forecast and Fluxym: Streamlining Operations for Enhanced Efficiency. https://www.forecast.app/customer-stories/streamlining-operations-for-enhanced-efficiency

Industry: Consulting  Services

Vendor: Forecast

Client: Fluxym

Publication Date: 2024