Business Challenges
- Data Accuracy – Error-prone financial planning process resulted from manual inputting of sales and volume data into Excel and Smart View
- Labor Intensive Data Validation – Spent a large amount of time validating and reconciling data
- Sub-Optimal On-Premise Solution – On-premise Hyperion reporting environment resulted in various pitfalls for a variety of reasons, but also housed important data that had to remain in the application
Solution
- Streamlined Data Loading and Integrations in the Cloud – Leveraged Financial Data Quality Management Enterprise Edition (FDMEE) solution within Oracle’s Planning and Budgeting Cloud Service (PBCS) to bring actuals data from the on-premise reporting environment to the cloud
- Centralized Data Repository – Single location for actuals and forecast data
- Metadata Management – Built a metadata management mechanism within the system to ensure consistent dimensions and hierarchies between reporting and planning applications
Impact
- Established Foundation in the Cloud – Integrated financial planning system using PBCS with existing on-premise Hyperion reporting environment
- Enhanced Data Accuracy and Efficiency – Automated data validation process and standardized input forms
- Shorter Budget and Forecast Cycles – Less effort spent on data management created more time for value-added analysis
