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 […]