Program and change management support helps multinational Pharmaceutical company implement a strategic transformation initiative
Business Challenges Complex and Disparate Systems – Systems could not sustain alignment to new business processes and innovation Inconsistent Communication and Transparency – Global stakeholders did not have an effective mechanism to make key decisions, collaborate, or cascade information to achieve the vision of the initiative Limited Visibility – System users lacked integrated view of full drug development […]
Improved forecasting and predictive modeling saves 1,500 labor hours per year at $31B Aerospace and Defense company
Business Challenges Time Consuming Process – The organization’s cash management process required data sourcing from various offline source systems Manually Intensive – Complex web of disconnected offline spreadsheets and calculations that required manual processes to check for forecasting accuracy No Insight into Key Drivers – Despite spending a great deal of time in data gathering […]
Shift to cloud optimizes performance at $3B Health Insurance Provider
Business Challenges Limited Flexibility and Scalability – Current environment did not allow for real time ad hoc analyses across all products, states and funding sources Inefficient Allocations Process – Required to execute multiple cycles during month-end with a run-time of three to four hours; regulatory and industry reporting both involved separate labor intensive processes Inadequate […]
Financial Consolidation and Close Cloud Solution (FCCS) reduces close time at Global Transportation Provider
Business Challenges Manual Process for Consolidation and Bank Reporting – Heavy reliance on manual processes within Excel to perform consolidations and bank reporting Process Complexity and Validation Issues – Foreign currency translation, intercompany eliminations and cash flow computed in Excel added extreme complexity to the process and caused validation issues Time Consuming Monthly Close – […]
Cloud solution improves accounting and FP&A at emerging Biotech company
Business Challenges Siloed Systems – Employees manually aggregated data from various systems for reporting purposes, leaving no time for value-added analysis Labor Intensive FP&A – No systematic way to process finance and accounting data Planning and Analysis processes were manually intensive and significant effort was required to maintain offline Excel models; information was not readily […]
FP&A transformation helps $1.5B global Biopharmaceutical company drive efficiency
Business Challenges Business Transition – Significant increase in the number of programs, projects, and trials that need to be actively planned, managed, reported against, and analyzed Inability to Link Operational Plans with Financial Forecasts – Inability to link dynamically changing project-based clinical development plans with financial plans Heavy Manual Effort – Revenue planning, product costing, […]
Oracle ERP Cloud prepares emerging biopharma company for hyper growth
Business Challenges Readiness of ERP System for Company Growth – Prior technology was implemented before company was primed for commercialization and had several limitations such as: flexibility of chart of accounts, data model restrictions, and limited capabilities for multi-country/multi-GAAP Lack of Integrated Platform – Growing from a pre-revenue company to a multi-billion dollar one brought […]
Cloud EPM platform drives greater efficiency at $6B Global Financial Services firm
Business Challenges Planning and Reporting Support – Previous system did not appropriately support all the needs of the IT finance division and had scalability concerns in becoming a corporate-wide tool Manually Intensive – All planning-related tasks were conducted offline in Excel, including data entry and calculations Lack of Integration – Disconnected data feeds made planning […]
Cloud solution helps streamline and enhance the planning process for $300M Dairy co-op
Business Challenges Lack Analytical Insights – Existing technology did not provide the ability to derive underlying insights into the business Manually Intensive Process – Financial planning process relied entirely on Excel spreadsheets Solution Enterprise-Level Planning – Utilized best-in-class technology and business processes to replace the Excel-driven planning process with a solution that included: Custom Chart […]
Executive dashboards and reporting improves insights through Oracle Analytics Cloud for $2B commercial Real Estate firm
Business Challenges Inefficient Process – Significantmanual effort required to produce consolidated reporting across all lines of business, including key operational drivers Siloed Reporting and Analytics – Lacked a central repository for customer mapping and global consolidated customer reporting across all LOBs Difficulty “Drilling Down” – Lacked ability for FP&A to drill from account level data […]