Constellation set a strategic goal to find a solution that would create a single, cohesive place to house all theirÂ project and investment data in one place. The decision was made as a consequence of key challenges that the company was facing, especially around its investment decision-making process.
To start, Constellationâ€™s investment process was too manually intensive. Both internal and external teams faced laborious, error-prone work streams within Microsoft Excel and Outlook. Precious time was devoted to data entry, when it should have been spent on making winning investment decisions.
Furthermore, project investment data was widely dispersed, resulting in poor analysis and slow investment speeds. Financial models lackedÂ continuity, making it difficult to compare investment projects. Projects lacked full-detail and scope,Â leading to misunderstandings of critical risk factors associated with each deal.
All of these symptoms combined made for a slow-paced, high-risk investment environment.