The Hillman Group Inc. (Hillman) is a leading North American provider of complete hardware solutions. Hillman designs innovative product and merchandising solutions for complex categories that deliver customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.
Business Challenges
- Rapid Growth Through Acquisition – Three acquisitions within a year
- Manually Intensive Consolidation Process – Based in Excel
- Lack of Integration in Solutions – Blackline, Excel, various ERPs involved in financial close process
- Lack of Automation and Standardization – For accurate and repeatable financial processes
- Limited Reporting Capabilities – Looking to enhance reporting and analysis capability, quickly and easily, including cash flow
Solution
- System Integration – Build integrated solution with JD Edwards, Sage, and Epicor ERP systems to support accurate and repeatable financial processes – consolidation and reconciliation on Oracle Cloud EPM platform
- Visibility and Transparency – Provide a clear end to end process with defined workflows for each account and provide a real-time look into Consolidation process and reconciliation status and aging through enhanced reporting
- Automated Processes – Consolidation and Auto-Reconciliation and pre-built reporting capabilities to minimize manual intervention
Impact
- Faster and More Accurate Processes – Uniform process and defined requirements increased user timeliness
- Enhanced Reporting – Standardize and automate reporting for profit and loss, balance sheet, cash flow, reconciliations, and dashboards
- Increased Efficiency – Automation of administrative tasks, Auto-Reconciliation rules, and enhanced reporting
- Scalable – Ability to bring a larger number of acquisitions and accounts online as adoption within the company grows