Leading U.S. Hydraulics Manufacturer implements Oracle EPM Cloud to meet US GAAP reporting, consolidations and SOX compliance
Business Challenges Rigid Structure – The organization recently acquired another company, adding disparate systems to what was a centralized platform for general ledger accounting and consolidation. Foreign Complexity – Introducing foreign companies into a US company generated challenges with respect to statutory to US GAAP reporting and consolidations. Unsupported Platforms – A significant portion of […]
Midwest Mining Company reduces Consolidation & Close times with Oracle EPM Cloud
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 […]
Program and Change Management helps $10B+ refreshment services company reduce manual effort during invoice creation, collections and cash application
Business Challenges Geographic Disbursement – Geographically dispersed brick and motor facilities support their local customers and each perform their own AR activities. Antiquated Current Systems – The current system required significant manual intervention throughout the invoice creation, collections and cash application processes. Process Variations – Due to the geographic disbursement and level of manual effort […]
Non-Profit Health Center’s shift to EPM Cloud reduces Budget cycle by 40%
Business Challenge Limited Flexibility and Antiquated Process – Outdated Budget process based in Excel led to corrupted files and lack of knowledge transfer Labor Intensive Offline Planning Process – 40+ managers involved in the budgeting process led to long lead time and inconsistency in data collection Siloed Processes – Lack of integration between departments, data […]
Spend analytics reporting reduced by 130 days at global Real Estate company through automated data integration
Business Challenge Outdated Information – Spend Data was being refreshed 45 days past the Quarter close, reducing the value of the reports in strategic decision making and analysis Level of Detail – Users were unable to ‘Drill-down’ into a more granular level of detail, only able to see Vendor level detail at a high level […]
People, process, and technology improvements help $8B Auto Manufacturer decrease forecasting planning time by 45%
Business Challenge People Not Optimally Engaged – Severely depleted Finance organization, little-to-no institutional knowledge/experience with core planning processes, resources lacked end-to-end business value chain perspectives Manually Intensive Processes – Exceedingly long cycle times, planning process focused on excruciating detail, heavy focus on non-value added intercompany trading detail, disconnect between process outputs & meaningful analysis perspectives […]
Finance advisory helps Non-Profit Scientific and Educational Institution realize financial transformation
Business Challenge Non-Standard, Manually Intensive Reporting and Analysis – Organization had a proliferation of non-standard reports that were manually generated; this created limited self-serve capabilities and a lack of core analytics Siloed, Reactive Decision-Making; Lack of Holistic Enterprise View – Organization had limited ability to drive synergies throughout organization and unclear profitability by business Fragmented, […]
Cost analytics helps $5B Property and Casualty Insurance firm reduce planning cycle time by 50%
Business Challenge Strategic Shift – Company was experiencing high period of growth within it’s FP&A organization. Inadequate Top-Line Modeling Loss and Analysis – Segmented internal and external reporting was not meeting needs Inefficiencies and Inaccuracies – Excessive effort was required to maintain multiple systems, home-grown model, and Excel models Lacked Visibility into True Drivers – […]
Business advisory helps $31B Aerospace and Defense company smoothly merge business units and increase efficiency
Business Challenge Merging Business Units – Organization was preparing for merging of multiple business units, requiring a singular interface and EPM solution across teams Disconnected Planning Applications – Planning process consisted of multiple indirect & direct planning applications that had to be manually consolidated for separate business units Inconsistent Processes – Users had differing planning […]
Mobilization and roadmap helps $1b not-for-profit charity set foundation for integrated business planning
Business Challenge Disparate, Siloed Systems – Existing business planning calendar was disjointed and misaligned Time Consuming and Labor Intensive Activities – Corporate Plan was disconnected from other planning activities, required excessive effort to complete, and often superseded other activities Lack of Agility – Organization lacked flexibility in budget plans and re-allocating resources Limited and Inconsistent […]