Improving Visibility into C&I at 3M
Before partnering with Incentify, 3M lacked visibility into its credit and incentive (C&I) portfolio. With 80 US manufacturing plant locations spanning 29 states, 3M’s portfolio of local, state, and national credits and incentives is substantial and complex.
Lack of Visibility
The C&I team at 3M was relying on Excel spreadsheets and fragmented workflows to manage incentives. They were looking for a solution to help manage C&I across the company, with transparency across business units.
The team lacked a full picture view. Oftentimes, plants would secure incentives like training grants, property tax abatements, or sales and use tax exemptions. At the same time, the C&I team was researching and applying for the same credits.
“Our C&I portfolio lacked a centralized system to track, report and maintain the large volume and diverse range of incentives. With Incentify, we can easily see everything in one place, leading to better decision making and visibility.” – Andra Brion, Tax Manager, 3M
The Complete Picture
3M engaged Incentify to get a complete picture of its C&I portfolio. Incentify helps 3M to:
standardize processes
handle compliance requirements
forecast monetization
streamline workflows
Manage audits
Within the Incentify platform 3M has quick access to:
Every incentive across the company
Applicable documents and agreements
Curated reporting and analytics
Upcoming and historical commitments
Compliance deadlines
Next Steps
By partnering with Incentify, 3M gained much needed visibility into its C&I portfolio. Going forward, Incentify will help 3M discover new C&I opportunities, continue to collaborate with advisors, and provide transparency across the company with detailed reporting capabilities.
