Jason Jensen, CMC: CMC is the leading early-stage construction supplier in rebar, long steel, and precast products. We are based in Dallas, Texas, and have facilities across North America and Europe.
Steelmaking is a very capital-intensive industry to be in. Anaplan assists CMC in managing over 500 projects each year with an annual spend of $600 million.
Before Anaplan, we spent months building our capital plan each year. After converting to Anaplan, we actually reduced our planning process time to just a few weeks. Prior to Anaplan, CMC was very reactive in our capital spending. Anaplan helps our leadership team see which projects provide the best returns for CMC.
CMC uses Anaplan Workflow, and we were able to put more data and more details of our projects in front of our leadership team, which allowed them to reduce the amount of time it took them to review each individual project. When we converted over to the Anaplan Workflow approval process, we reduced our approval process time from an average of 28 days to six days.
The first year where we were fully immersed in Anaplan, we saw a 50% increase in the number of capital projects over the previous year. We're able to get our projects off the ground sooner, which improves the time that we will see the return on those projects.
We connect to SAP to bring in all of our actual spend data to give us a real time view of our capital projects spending and commitments. And now as projects start to become at risk, we can react and make decisions in real time.
What I like most about Anaplan is how easy it has been for us to make changes or adjustments to our capital projects. As we've changed our process to be more proactive, we've made adjustments in Anaplan on the fly.
I'm Jason Jensen, CapEx Manager at CMC, and we plan with Anaplan.
