Business Challenges
- Manual Planning Process – Limited time for value-added analysis due to cumbersome manual efforts
- Limited Integration with Existing Systems – Legacy ERP integration with planning and reporting process was sub-optimal and did not support future growth of the firm
- Disparate Non-Scalable Models – Lacked a centralized planning and reporting model to provide a consistent process as well as a scalable architecture for detailed expense planning and allocations
- Adoption – Tools and process not easily adopted across the organization by Finance and Operations
Solution
- Flexible and Scalable Planning and Reporting Solution – Designed, developed, and integrated Oracle Enterprise Planning and Budgeting Cloud Service (EPBCS) for budgeting and forecasting financial statements (income statement, balance sheet, and cash flow)
- System Integration With Legacy Systems – Fully integrated existing systems with new planning and reporting capabilities
- Streamlined Planning and Expense Allocations – Allocation process aligned with the Actual data source system significantly improved Planning and Forecasting accuracy
- Seven Week Project Timeline – Aggressive timeline made possible (and successful) by using Breakaway™ Methodology that included experiential learning sessions and project checkpoints
Impact
- Improved Information Accessibility and Visibility – Enabled faster and better business management and decision-making
- Enhanced Process and Data – Established repeatable process with standard calculations and reports
- Highly Scalable Architecture – Current solution well-positioned to support additional future requirements as company grows
