Global Investment Firm migrates from on-premise to Oracle ERP & EPM Cloud
Business Challenges Rigid Legacy Systems: Cambridge Associates’ on-premise financial systems, Excel spreadsheets, and manual processes for Financial reporting and Operational needs could not support their growing business Limited Integration & Automation: Data integration between financial systems was labor-intensive with no drill-back visibility Lacked Process Standardization: Undocumented manual processes for outdated systems that was supported through […]
Global Restaurant Group reduces IT reliance by integrating retail and strategic planning with Oracle EPM Cloud
Business Challenges Outdated Systems – Needed to “Lift and Shift” their current on premise Hyperion Planning application to Oracle EPM Cloud Inefficient Processes – Financial processes for their Annual Budget and Quarterly Forecasts were inefficient Solution Migrated Hyperion Planning application to Oracle EPM Cloud – Enabled two environments (Dev/QA and Product) via EPM Cloud for […]
Oracle EPM Cloud streamlines planning and close processes at Aerospace Manufacturer
Business Challenges Manually Intensive – Financial Close and Planning process required manual consolidation of multiple source systems and Excel modules to a PowerPoint presentation for management reporting. Multiple COA – Fast pace acquisitions meant quicker integration for reporting using standard COA which existed in JDE Lack of Automation and Standardization – Required manual mapping to […]
Oracle EPM Cloud delivers real-time actuals for budgeting, forecasting, and long-range planning at Life Sciences company
Business Challenges Limited Analytical Capabilities – Heavy reliance on Excel workbooks to Budget, Forecast, and create Long Range Plans within the organization due to limited analytical and automation capabilities Manual and Time Consuming – Planning and Analysis processes were manually intensive and significant effort was required to maintain offline Excel models; information was not readily […]
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 […]
Non-Profit Health Center’s shift to EPM Cloud reduces Budget cycle by 40%
Business Challenge Limited Flexibility and Antiquated Process – Outdated Budget process based in Excel led to corrupted files and lack of knowledge transfer Labor Intensive Offline Planning Process – 40+ managers involved in the budgeting process led to long lead time and inconsistency in data collection Siloed Processes – Lack of integration between departments, data […]
Mobilization and roadmap helps $1b not-for-profit charity set foundation for integrated business planning
Business Challenge Disparate, Siloed Systems – Existing business planning calendar was disjointed and misaligned Time Consuming and Labor Intensive Activities – Corporate Plan was disconnected from other planning activities, required excessive effort to complete, and often superseded other activities Lack of Agility – Organization lacked flexibility in budget plans and re-allocating resources Limited and Inconsistent […]
Cloud solution transforms resource planning, budgeting and close process at Pharmaceutical Technology firm
Business Challenges Limited Planning Solution – As a rapidly growing organization, previous budgeting and management reporting process was not well suited for continued scalability and lacked the robustness to support ever-growing needs Manual Process Steps – Existing processes were manually intensive and required significant time to consolidate and complete Limited Analytical Insights – Due to […]
Cloud solution standardizes enterprise-wide clinical trial forecasting and increases accuracy at multinational pharmaceuticals company
Business Challenges Enterprise Gap – In-flight finance transformation initiative had a gap with respect to clinical trials forecasting; major need to quickly create cloud-based application to fill capability gap Siloed Business Processes – Knowledge of forecasting methodologies siloed and not consistent across the enterprise Poor User Experience – Difficulties with user experience in current solutions […]
P&L, workforce planning and shared cost allocations help $3B+ Insurance company achieve faster budgeting and reporting
Business Challenges Disconnected P&L and Workforce Planning (M&A) – Planning was a decentralized process with a combination of Excel spreadsheets and siloed data entry stemming from dozens of acquisitions Excessive Consolidation & Reporting Time – Herculean effort to produce manual reconciliations, consolidations, and reporting in legacy Cognos system Manual Allocations – Manual allocation process required […]