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 to leverage a global system to facilitate the Initial Public Offering (IPO) filing in early FY19


  • One Technology – Oracle EPM Cloud – Financial Close & Consolidation Cloud (FCC) provides a scalable platform that supports the individual business units and corporate teams for a global close
  • Streamlining – Automation, controls, and a global chart of accounts reduced risk on a global scale while positioning the organization for future growth and business transformations
  • Visibility – Improved reporting and analytic capabilities of the information enabled better management of the business and informed decision making


  • 50% Reduction in Processing Time – Streamlined consolidation & reporting to reduce the close process to 7 business days
  • Compliance Reporting – Implementation of a SOX compliant application for all IPO / SEC reporting with accountability
  • Scalability – Cloud solution prepared for additional future acquisitions with accurate reporting processes

Complimentary Discovery Briefing

What are you interested in?
This field is for validation purposes and should be left unchanged.