Acme United Corporation: Oracle Cloud EPM Case Study

ACME United Corporation is a leading worldwide manufacturer of cutting, measuring and safety products for school, home, office, hardware, sporting goods and industrial markets. Its leading brands include First Aid Only, Physicians Care, Pac-Kit, Spill Magic, Clauss and DMT.

Business Challenges

  • Manual Process – The client’s monthly consolidation process included leveraging several manual Excel workbooks, leaving a sizeable amount of room for error in their external reporting, management reporting, and roll forward processes
  • Transparency – With manual adjustments throughout the various Excel workbooks, the client lacked a centralized way to view all adjustments

Solution

  • Out-of-the-Box Calculations – FCC provided automated FX translation calculations, intercompany eliminations, and consolidation of the entire organization
  • Reporting – FCC provides consistency and controls, while accelerating the External and Management Report generation process
  • Best Practice Capabilities – Peloton’s Fit-to-Modern methodology drove modern best practices into the future state solution and aligned Acme United Corporation with a single Consolidation model
  • Virtual Delivery – Peloton leveraged their virtual delivery methodology and a team, disbursed globally, to successfully move Acme United Corporation to the Oracle Cloud

Impact

  • Increased Consistency – With FCC, this client now has a centralized system to maintain a single reporting standard across several management and external reports
  • Improved Efficiency – Eliminated manual processes related to FX translation, intercompany eliminations, and topside journal entries
  • Enhanced Reporting – The client is now able to produce External Financials and Management Reports with substantially more control in a more streamlined manner

Complimentary Discovery Briefing

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