Hachette Book Group (HBG) is a publishing company owned by Hachette Livre, the largest publishing company in France, and the third largest trade and educational publisher in the world and is considered one of the ‘Big Five’ publishing companies. In 2016, the company had 214 books on the New York Times bestseller list, 44 of which reached #1.
Business Challenges
- Reporting – Generating Financial and Management Reports was time consuming due to the reporting limitations across multiple systems
- Excel Based Planning & Budgeting – Maintained a highly complex excel model to track title by title planning from Revenue down to Gross Profit
- Lack of Capabilities – Limited auditing and ad-hoc ability and no AP invoice to PO matching capability
Solution
- Oracle ERP Cloud – Implemented GL, AP, Fixed Assets, Cash Management, Purchasing, Inventory, and Supplier Portal
- Oracle EPM Cloud – Implemented Cloud application for Financial Planning and Workforce
- Oracle SCM Cloud – Implemented Direct Procurement, Inventory, Manufacturing and Cost Management
Impact
- Real-Time Cost Insight – for Unit Bound Cost (UBC) by print run and simplified and enhanced accounts payable experience
- Migrated Six Different Systems to One Platform – Migrated six different homebuilt legacy systems to Oracle cloud; simplifying the architecture and interfaces
- Reduced Close Time by 20% – Close management implementation allowed for better visibility and reduced close time by 20% in the first two months
