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 […]
Enterprise planning and budgeting cloud solution (EPBCS) helps insurance firm make faster, more informed decisions
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 […]
Financial Consolidation and Close Cloud Solution (FCCS) enables “one version of the truth” reporting at $18B private equity firm
Business Challenges Manually Intensive Process – Close and consolidation processes were heavily dependent on multiple Excel workbooks Lack of Transparency – Limited visibility into base level entity financials Disconnected Systems – Consolidations and reporting systems lacked proper integration Solution Implemented Integrated Solution – Used Oracle Financial Consolidation and Close Cloud (FCCS) to streamline reporting Enhanced […]
EPM Cloud platform improves resource planning, budgeting and close process at global Risk Management Insurance firm
Business Challenges Excel-Based Manual Processes – Planning and close processes dependent on multiple Excel workbooks No Process Integration – Lack of integration between budgeting, consolidations, and reporting processes Limited Automation and Standardization – Calculation and allocation reporting inconsistencies led to inaccurate and non-repeatable financial processes Solution Integrated Cloud-Based Solution (Oracle FCCS and EPBCS) – Budgeting, forecasting, and […]
Use of cloud shortens close cycle and provides detailed financial reporting for global leader in Precision Data and Recording company
Business Challenges Manually Intensive Process – Heavy reliance on manual processes and Excel to perform consolidations and other close activities, such as foreign currency translation, intercompany eliminations, and cash flow Lengthy Monthly Close – Lack of data integration and reporting tools extended the monthly close process Solution Enhanced Data and Reporting Capabilities – Supported generation […]