Citrin Cooperman Digital Services Practice
LBJ Infrastructure Group Automation A Case Study LBJ Infrastructure Group implemented Vena Solutions to modernize its accounting and financial close processes. The company was able to recondition its budgeting and forecasting and found a single data source that allowed the finance team to save time on manual touchpoints. Since deploying Vena Solutions, LBJ Infrastructure Group has substantially grown, allowing the finance team to focus its efforts on future planning and strategic work. 01
The Company LBJ Infrastructure Group is a transportation infrastructure company that provides congestionmanagement solutions to North Texas drivers. LBJ is responsible for the financing, design, construction, operations, and maintenance of the LBJ Express (I-635 Freeway) and its 13.3 miles of LBJ TEXpress Lanes which opened in September 2015.
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The Challenge LBJ Infrastructure previously conducted its financial operations entirely in Excel. These processes were time-consuming and prone to errors due to the large number of people contributing and/or receiving data, coupled with the number of interdependent files needed to manipulate, store, and report said data. Major pain points for LBJ included manually updating budgeting and reporting files, which relied on multiple separate sources, while ensuring the latest data was utilized across 75+ files used at any given point during a planning or reporting cycle, leaving opportunities for data accuracy issues for the various stakeholders. The company needed a solution that could optimize the data input and aggregation for budgets and forecasts, as well as a single data source for monthly reporting that could ultimately allow the company to save time on manual touchpoints throughout each cycle. By automating data collection and verification, LBJ’s finance team was able to focus their efforts on future planning and strategic work.
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Dominic DiBernardo Partner, Corporate Performance Management ddibernardo@citrincooperman.com