Cost of ownership and maintenance decreases at $16B Investment firm with help from Managed Services
Business Challenge Complex Support Requirements – Company’s investment and real estate divisions rely on Hyperion Essbase and complex SQL integrations with their Investment Management applications Need for Continuous Support and Enhancements – Ongoing maintenance and a steady flow of system enhancements requires deep functional and technical expertise Solution Ongoing Support Model – Peloton manages ongoing […]
Insightful data visualizations help $56B global bank analyze data faster with more accuracy
Business Challenges Manual and Inconsistent Dashboards – Dashboards were manually created using Excel with basic visualizations and copied into PowerPoint for reporting, leading to inconsistencies in formatting and display Unlinked Data – Dashboards were sourced from a large number of different data sets across multiple tabs within Excel and were linked manually, thus requiring time […]
Cloud EPM platform drives greater efficiency at $6B Global Financial Services firm
Business Challenges Planning and Reporting Support – Previous system did not appropriately support all the needs of the IT finance division and had scalability concerns in becoming a corporate-wide tool Manually Intensive – All planning-related tasks were conducted offline in Excel, including data entry and calculations Lack of Integration – Disconnected data feeds made planning […]
Financial Consolidation and Close Cloud Solution (FCCS) enables “one version of the truth” reporting at $18B private equity firm
Business Challenges Manually Intensive Process – Close and consolidation processes were heavily dependent on multiple Excel workbooks Lack of Transparency – Limited visibility into base level entity financials Disconnected Systems – Consolidations and reporting systems lacked proper integration Solution Implemented Integrated Solution – Used Oracle Financial Consolidation and Close Cloud (FCCS) to streamline reporting Enhanced […]
Driver-based models streamline consolidation, budgeting, and reporting from weeks to days at Global Financial Services group
Business Challenges Inefficient and Inconsistent Processes – Eliminations, Equity Pick up, and Account Reconciliation processes conducted during the financial close were sub-optimal Lack of Automation – Lacked automated, driver-based employee planning for back office, and thus, unable to quickly perform what-if analysis Cumbersome, Offline Process – Consolidation of 275+ source inputs for Budgeting and Forecasting […]