Cloud solution standardizes enterprise-wide clinical trial forecasting and increases accuracy at multinational pharmaceuticals company
Business Challenges Enterprise Gap – In-flight finance transformation initiative had a gap with respect to clinical trials forecasting; major need to quickly create cloud-based application to fill capability gap Siloed Business Processes – Knowledge of forecasting methodologies siloed and not consistent across the enterprise Poor User Experience – Difficulties with user experience in current solutions […]
P&L, workforce planning and shared cost allocations help $3B+ Insurance company achieve faster budgeting and reporting
Business Challenges Disconnected P&L and Workforce Planning (M&A) – Planning was a decentralized process with a combination of Excel spreadsheets and siloed data entry stemming from dozens of acquisitions Excessive Consolidation & Reporting Time – Herculean effort to produce manual reconciliations, consolidations, and reporting in legacy Cognos system Manual Allocations – Manual allocation process required […]
Connected data enables better reporting and forecasting at $1.6B construction products technology company
Business Challenges M&A Tracking – Manual Excel templates were not keeping pace with M&A activity; FP&A riddled with version, performance and data consistency issues and took large amounts of effort and time to validate and coordinate Disconnected Planning, Backwards Looking – Planning across the organization was decentralized, requiring extensive manual reconciliation and consolidation efforts and […]
Cloud solution enables Not-for-Profit Higher Ed to simplify and accelerate Demand, Workforce, and Operational and Financial Planning
Business Challenges System Scalability to Accommodate Massive Growth – Unlocking the online market, the university saw student enrollment growth of 433% over a 5-year period and as a result experienced challenges with outdated systems and processes. Lack of Data Transparency and Collaboration – Disparate systems and data sets created a silo-ed structure in which collaboration […]
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 […]