Close process reduced by 50% at Packaging Manufacturer with Oracle EPM Cloud Financial Consolidation & Close
Business Challenges Unable to Scale – The organization recently acquired another firm, adding yet another disparate and manual system to the global consolidation process Global Presence – The various Excel models were processing 25 currency conversions with reporting in Euro and USD, contributing to a 13 business day close process Future State Goals – Aiming […]
Oracle ERP Cloud centralizes accounting and automates customer billing & fixed assets depreciation for Renewable Energy Company
Business Challenges Lack of Integration in Tracking Tools – The finance team tracked all portfolio transactions through QuickBooks, while all fixed assets were tracked in Excel Cumbersome Reporting – Difficult to generate Financial and Management Reports due to reporting limitations across the Chart of Accounts and various desired management views of the portfolio Scalability – […]
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Business Challenge Limited Flexibility and Antiquated Process – Outdated Budget process based in Excel led to corrupted files and lack of knowledge transfer Labor Intensive Offline Planning Process – 40+ managers involved in the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 […]
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 […]
Executive dashboards and reporting improves insights through Oracle Analytics Cloud for $2B commercial Real Estate firm
Business Challenges Inefficient Process – Significantmanual effort required to produce consolidated reporting across all lines of business, including key operational drivers Siloed Reporting and Analytics – Lacked a central repository for customer mapping and global consolidated customer reporting across all LOBs Difficulty “Drilling Down” – Lacked ability for FP&A to drill from account level data […]
Oracle ERP Cloud and PaaS transforms processes and creates leverage at large Global Energy Transportation company
Business Challenges Reporting Limitations – International Seaway’s Finance team struggled with inflexible E-Business Suite reporting tools that did not sufficiently support the business Changing Business Structure – After a divesture, International Seaway’s on-premise solution did not optimally meet the needs of the organization for scalability and flexibility Solution Oracle ERP Cloud – Digitally transformed their […]
Oracle ERP Cloud enables renewable energy company to realize a centralized ledger and automate fixed assets depreciation
Business Challenges Lack of Integration in Tracking Tools – The finance team tracked all portfolio transactions through QuickBooks, while all fixed assets were tracked in Excel Cumbersome Reporting – Difficult to generate Financial and Management Reports due to reporting limitations across the Chart of Accounts and various desired management views of the portfolio Scalability – […]