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 […]
Driver-based models streamline consolidation, budgeting, and reporting from weeks to days at Global Financial Services group
Business Challenges Inefficient and Inconsistent Processes – Eliminations, Equity Pick up, and Account Reconciliation processes conducted during the financial close were sub-optimal Lack of Automation – Lacked automated, driver-based employee planning for back office, and thus, unable to quickly perform what-if analysis Cumbersome, Offline Process – Consolidation of 275+ source inputs for Budgeting and Forecasting […]
Profitability and cost management cloud solution reduces allocation calculation time by 80% at leading $6B Insurance firm
Business Challenges Limited Analytical Flexibility – Environment did not allow for analysis across all customers and products Inefficient Allocations Process – Required to execute every two hours during month-end with an average run-time of 1.5 hours Inadequate Visibility – Concerns with allocations process created a significant amount of non-value added effort to decompose, validate, and […]