Global Restaurant Group reduces IT reliance by integrating retail and strategic planning with Oracle EPM Cloud
Business Challenges Outdated Systems – Needed to “Lift and Shift” their current on premise Hyperion Planning application to Oracle EPM Cloud Inefficient Processes – Financial processes for their Annual Budget and Quarterly Forecasts were inefficient Solution Migrated Hyperion Planning application to Oracle EPM Cloud – Enabled two environments (Dev/QA and Product) via EPM Cloud for […]
Oracle EPM Cloud streamlines planning and close processes at Aerospace Manufacturer
Business Challenges Manually Intensive – Financial Close and Planning process required manual consolidation of multiple source systems and Excel modules to a PowerPoint presentation for management reporting. Multiple COA – Fast pace acquisitions meant quicker integration for reporting using standard COA which existed in JDE Lack of Automation and Standardization – Required manual mapping to […]
Leading US Used-car Retailer reduces actuals processing time to 30 minutes with Oracle Cloud
Business Challenges Multiple On-Premise Tools to Support Planning Process – Used a mixed environment of on-premise planning tools and Excel to complete Annual Budgeting, Quarterly Forecast and Long-Range Planning Multiple Hierarchies – Legacy environment utilized a custom built GL Data Mart as the source for data and hierarchies which posed numerous challenges to the FP&A […]
Oracle EPM Cloud delivers real-time actuals for budgeting, forecasting, and long-range planning at Life Sciences company
Business Challenges Limited Analytical Capabilities – Heavy reliance on Excel workbooks to Budget, Forecast, and create Long Range Plans within the organization due to limited analytical and automation capabilities Manual and Time Consuming – Planning and Analysis processes were manually intensive and significant effort was required to maintain offline Excel models; information was not readily […]
Close process reduced by 50% at Packaging Manufacturer with Oracle EPM Cloud Financial Consolidation & Close
Business Challenges Unable to Scale – The organization recently acquired another firm, adding yet another disparate and manual system to the global consolidation process Global Presence – The various Excel models were processing 25 currency conversions with reporting in Euro and USD, contributing to a 13 business day close process Future State Goals – Aiming […]
Finance mobilization provides global Pharmaceutical Company with digital finance blueprint for leveraging cloud based solutions
Business Challenges Chart of Accounts (COA) – Existing COA not supporting business needs. Lack of numeric segment values (except Account), missing critical business views (e.g. location), no rollups in segments. ERP Environment– Limited financials & procurement functionality. Extensive manual workarounds. Multiple disparate systems. Need for Tier 1 solution w/ upcoming product launch. Reporting & Analysis – […]
Oracle ERP Cloud centralizes accounting and automates customer billing & fixed assets depreciation for Renewable Energy Company
Business Challenges Lack of Integration in Tracking Tools – The finance team tracked all portfolio transactions through QuickBooks, while all fixed assets were tracked in Excel Cumbersome Reporting – Difficult to generate Financial and Management Reports due to reporting limitations across the Chart of Accounts and various desired management views of the portfolio Scalability – […]
Leading U.S. Hydraulics Manufacturer implements Oracle EPM Cloud to meet US GAAP reporting, consolidations and SOX compliance
Business Challenges Rigid Structure – The organization recently acquired another company, adding disparate systems to what was a centralized platform for general ledger accounting and consolidation. Foreign Complexity – Introducing foreign companies into a US company generated challenges with respect to statutory to US GAAP reporting and consolidations. Unsupported Platforms – A significant portion of […]
Midwest Mining Company reduces Consolidation & Close times with Oracle EPM Cloud
Business Challenges Complex Intercompany Eliminations – Intercompany elimination process was complex and highly manual Cash Flow Challenges – Calculating cash flow took considerable preparation with limited final reporting Inefficient Consolidation Process – Consolidation process took four hours to run, which occurred four to five times per month Solution Enhanced Capabilities – Support generation of income […]
Program and Change Management helps $10B+ refreshment services company reduce manual effort during invoice creation, collections and cash application
Business Challenges Geographic Disbursement – Geographically dispersed brick and motor facilities support their local customers and each perform their own AR activities. Antiquated Current Systems – The current system required significant manual intervention throughout the invoice creation, collections and cash application processes. Process Variations – Due to the geographic disbursement and level of manual effort […]