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 […]
Enterprise planning cloud solution enables better decision making at large Foodservice Procurement company
Business Challenges Reliance on Microsoft Excel – Planning and reporting process heavily relied on large Excel files Manually Intensive Reporting – Process to input data, run calculations, validate results, and create reports was manually intensive and error-prone Time Consuming Consolidation – The consolidation process left little to no time for value-added analysis Solution Integrated and […]
Move to cloud helps manufacturer consolidate financials and improve planning
Business Challenges Long Monthly Close – Process took far too long due to absence of data integration and inefficiency of existing reporting tools Significant Manual Steps – Excel-based process to conduct consolidation, foreign currency translation, intercompany eliminations, bank reporting, and cash flow slowed down end-to-end cycle and also introduced potential for reconciliation issues Solution Implemented […]
Detailed store-level planning drives visibility and accountability at $3B Convenience Store operator
Business Challenges Intensive and Time Consuming Planning Process – Excel planning environment gave limited ability to perform value-added analysis High Risk for Error – Multiple distribution and consolidation cycles throughout the budget process left Cumberland vulnerable No Store Level Planning – Lacked the ability to conduct store level detailed planning Solution Driver-Based Planning, Variance Thresholds, […]
Use of cloud services shortens consolidation process from half-a-day to five minutes at $700M Global Mining corporation
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 […]