Business Challenges

• Excel-Based Manual Processes – Planning and close processes dependent on multiple Excel workbooks
• No Process Integration – Lack of integration between budgeting, consolidations, and reporting processes
• Limited Automation and Standardization – Calculation and allocation reporting inconsistencies led to inaccurate and non-repeatable financial processes

Solution

• Integrated Cloud-Based Solution (Oracle FCCS and EPBCS) – Budgeting, forecasting, and consolidating all supported in a streamlined “future-proof” cloud environment
• Automated Processes – Mapped actuals, budget, and employee data using improved data management mechanism
• Enhanced Data Granularity – Supports accurate and repeatable financial processes by allowing for the ability to plan at the individual employee level
• Robust Reporting – Created new set of analytical monthly financial reports

Impact

• Faster and More Accurate Information – Established a foundation to provide timely and accurate plans, reports, and financial analysis
• Scalable and Extensive – Cloud-based approach delivers scalable system across consolidations and budgeting
• Increased Efficiency – Reduced number of manual steps and reliance on offline Excel models