Business Challenges

• Disparate, Stand-Alone Systems – Drain on finance team’s productivity to aggregate and analyze data from various systems for reporting purposes, leaving little to no time for value-added analysis
• Labor Intensive Purchase Order Process – No systematic way to create purchase orders from requisitions without constant manual intervention
• Poor Subledger to General Ledger Reconciliation – No system to track subledger activity to easily reconcile against general ledger journal entries

Solution

• Enhanced Capabilities in an Integrated Cloud Solution
  • A single integrated Oracle ERP Financials Cloud solution includes general ledger, accounts payable, accounts receivable, cash management, and fixed assets modules
  • Self-service procurement and purchasing mechanisms available via Oracle ERP Procurement Cloud delivers seamless requisitions and purchasing processes
• Automated Processes – Added automation for purchase, procure to pay, and payments to bank statement reconciliation activities to streamline process

Impact

• Improved Procure to Pay Efficiency – Minimized time-consuming manual transactions across entire procure to pay cycle
• User-Friendly Purchasing Functionality – Seamless buying experience allows for quicker adoption of requisitions from approved suppliers without excessive training
• Increased Oversight and Compliance Controls – Robust approval management process increases enforced spending controls and policy compliance
• Better Reporting Capabilities – Power of cloud computing enhanced reporting by providing real-time data and analytics, ensuring a detailed and honest view of business performance and health