Mavenlink Helps
Hero Digital Achieve
90-Day Financial
Forecasting Accuracy

THE CHALLENGE

Hero Digital’s continuous growth, fueled by acquisitions, created new opportunities for the business, but created growing pains, too. Constant growth and the influx of new projects created a lack of trust in their data and compromised the ability to accurately forecast and manage resources. Hero Digital needed a better solution, one that could deliver accurate and meaningful metrics and better integrate their systems.

THE SOLUTION

Fast Forecasting

Hero Digital needed to replace manual data analysis in forecasting, which took an excessive amount of time and work. Mavenlink supports Hero’s business decisions with fast project forecasting that is easy to analyze.

Solution Scalability

Hero Digital’s consistent expansion required a project management and professional services automation solution that could grow and scale with the business. Mavenlink provides the company with access to data, revenue insights, time entry, and more to accommodate all team sizes.

Accessible Data

Hero Digital no longer depends on complicated spreadsheets to collect and analyze critical business data. Mavenlink Insights provides the revenue, project burn, margin, and other relevant data needed at the team and executive level.

THE RESULTS

Forecasting The Future

Mavenlink forecasting capabilities help Hero’s managers understand project needs and make faster decisions about a project, with clarity about weeks and months ahead. Forecasting is done for many different statements of work structures with forecasting reaching an accuracy over 90 days.

Shorter Accounting Close Cycles

Mavenlink’s fast reporting capabilities have made Hero’s Accounting department’s time to close 40% faster, speeding up from as many as 20 days to now an average 10-day close.

Faster, Stronger Processes

Mavenlink’s reporting capabilities access crucial information for client teams and internal work. Mavenlink helped the company better understand unstaffed work, project risks, and contract work needs. The organization experienced a 20% reduction in administrative time related to forecasting and accounting close.

Insights And Actions

Hero Digital has a more reliable resource and capacity view, better understanding of hiring needs, and understands project actuals, including current project margin and estimated margin at completion. Mavenlink’s Netsuite integration creates orders and fulfillments in Netsuite with the press of a button in M-Bridge.

Hero Digital

Hero Digital is a leading independent customer experience company focused on holistic processes and integrated methods that help leading brands achieve growth.

CLIENT Hero Digital
INDUSTRY Advertising / Marketing / Media
WHAT MAVENLINK
REPLACED
Google Sheets (for the forecasting/accounting close)
40 %
FASTER MONTH
END ACCOUNTING
CLOSE
90
DAY FINANCIAL
FORECASTING
ACCURACY

BENEFITS

  • 20% Reduction in Administrative Time
  • 40% Faster Month End Accounting Close
  • 90 Day Financial Forecasting Accuracy
  • On-Demand Project Financials

"Our forecast metrics are so accurate that sometimes I feel like a fortune teller."

MANDEE MILES,
DIRECTOR OF CLIENT FINANCE, HERO DIGITAL

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Mavenlink Helps,[object Object], Hero Digital Achieve,[object Object], 90-Day Financial,[object Object], Forecasting Accuracy
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