Business intelligence collaborative at large A&D company sparks business alignment and improves software solutions
Business Challenges Siloed Business Units – Fifteen autonomous business units lacked intelligent methods to share BI and EPM mechanisms and data. Each unit separately managed, leading to inconsistencies across groups and the inability to leverage institutional knowledge and best practices across the organization Disconnected Business Practices – Staffed separate support teams which competed for talent […]
Improved forecasting and predictive modeling saves 1,500 labor hours per year at $31B Aerospace and Defense company
Business Challenges Time Consuming Process – The organization’s cash management process required data sourcing from various offline source systems Manually Intensive – Complex web of disconnected offline spreadsheets and calculations that required manual processes to check for forecasting accuracy No Insight into Key Drivers – Despite spending a great deal of time in data gathering […]
Shift to cloud optimizes performance at $3B Health Insurance Provider
Business Challenges Limited Flexibility and Scalability – Current environment did not allow for real time ad hoc analyses across all products, states and funding sources Inefficient Allocations Process – Required to execute multiple cycles during month-end with a run-time of three to four hours; regulatory and industry reporting both involved separate labor intensive processes Inadequate […]
Financial Consolidation and Close Cloud Solution (FCCS) reduces close time at Global Transportation Provider
Business Challenges Manual Process for Consolidation and Bank Reporting – Heavy reliance on manual processes within Excel to perform consolidations and bank reporting Process Complexity and Validation Issues – Foreign currency translation, intercompany eliminations and cash flow computed in Excel added extreme complexity to the process and caused validation issues Time Consuming Monthly Close – […]
Cloud solution improves accounting and FP&A at emerging Biotech company
Business Challenges Siloed Systems – Employees manually aggregated data from various systems for reporting purposes, leaving no time for value-added analysis Labor Intensive FP&A – No systematic way to process finance and accounting data Planning and Analysis processes were manually intensive and significant effort was required to maintain offline Excel models; information was not readily […]
FP&A transformation helps $1.5B global Biopharmaceutical company drive efficiency
Business Challenges Business Transition – Significant increase in the number of programs, projects, and trials that need to be actively planned, managed, reported against, and analyzed Inability to Link Operational Plans with Financial Forecasts – Inability to link dynamically changing project-based clinical development plans with financial plans Heavy Manual Effort – Revenue planning, product costing, […]
Oracle ERP Cloud prepares emerging biopharma company for hyper growth
Business Challenges Readiness of ERP System for Company Growth – Prior technology was implemented before company was primed for commercialization and had several limitations such as: flexibility of chart of accounts, data model restrictions, and limited capabilities for multi-country/multi-GAAP Lack of Integrated Platform – Growing from a pre-revenue company to a multi-billion dollar one brought […]
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 […]
Cloud solution helps streamline and enhance the planning process for $300M Dairy co-op
Business Challenges Lack Analytical Insights – Existing technology did not provide the ability to derive underlying insights into the business Manually Intensive Process – Financial planning process relied entirely on Excel spreadsheets Solution Enterprise-Level Planning – Utilized best-in-class technology and business processes to replace the Excel-driven planning process with a solution that included: Custom Chart […]
Executive dashboards and reporting improves insights through Oracle Analytics Cloud for $2B commercial Real Estate firm
Business Challenges Inefficient Process – Significantmanual effort required to produce consolidated reporting across all lines of business, including key operational drivers Siloed Reporting and Analytics – Lacked a central repository for customer mapping and global consolidated customer reporting across all LOBs Difficulty “Drilling Down” – Lacked ability for FP&A to drill from account level data […]