Case Study
Covestro – 90% Time Savings & Increased Reliability through Digital Transformation
About Covestro
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.
Industry
Oil & Gas (Chemical)
Company size
15,000+
Headquarters
Leverkusen, North Rhine-Westphalia
Founded
2015
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
Download Case Study
It’s a case of having to embark on a digitalisation process for project controls that will take us out of Excel. We needed to make sure we had a system that was the vehicle for that journey…Our role is not reporting. It’s not number-crunching. Our role is higher level than that in terms of analysis.
