Probuild is a large construction company in Australia that turns over $A1.6 to $A1.8 billion annually. It has a A$6 billion workbook, approximately 40 to 50 projects across Australia, and more than 1,000 employees.
In the construction industry, finance functions are typically manual. Probuild was looking to move from manual processes to digitize and automate its finance functions. The company also wanted to gain more business insight from data to make better-informed decisions and improve cost management.
Construction has always been significantly behind in technology. Oracle Analytics has really helped us move into the 21st century. It has also had a snowball effect on the business to help us think more strategically about technology and start to implement a range of improvements.
Group Finance Manager, Probuild
With Oracle Analytics Cloud and Oracle Database Cloud Service, running on Oracle Cloud Infrastructure (OCI), Probuild has been able to change from manual reporting to 75% automated. The company now closes the books each month in 5 days, compared to the three weeks required previously.
The construction firm has also been able to move to a 75% analytics self-service model, providing finance staff with more real-time reporting and richer business insights to improve decision quality. Everyone from the project, state, group, and company levels all the way to shareholders has timely access to information about current project risk. The company is now saving a million dollars on its resource forecasting.
Previously, business users lacked a view into subcontractors, what project they were working on, and how much had been spent to date. With Oracle Analytics Cloud, they see in real time which subcontractors they are using across 50 projects and associated costs.
In addition, the finance team had the tools to investigate overtime plus increasing job site injuries. This reporting led to a twofold improvement in safety stats.
Migrating to Oracle also allowed the company’s HR team to see where people were resourced. Initially, the team thought it would need to spend more than A$1 million to develop a new system to accomplish this, but with Oracle Cloud Infrastructure, the company developed its own tool, now used not only by HR but by 80% of the business.