Overview

Enhancing financial planning and reporting with Oracle EPM

A leading financial services company, managing over $10 billion in assets, was struggling with inefficient financial planning, budgeting, and reporting processes. These challenges were compounded by the fact that financial data had to be consolidated from multiple sources, leading to delays and inaccuracies in reporting. This lack of visibility into real-time performance metrics was making it difficult for leadership to allocate resources effectively and drive strategic decisions. Additionally, the company had to meet complex regulatory requirements across multiple jurisdictions.

Skild Solutions implemented Oracle EPM to automate financial planning, budgeting, and reporting processes. The new system allowed the company to consolidate financial data across all business units seamlessly and provided real-time insights into financial performance. Automated budgeting and forecasting improved the accuracy of financial plans and reduced the time spent on these tasks by 30%. The transformation enhanced decision-making capabilities, improved resource allocation, and ensured regulatory compliance, giving the company a competitive edge in a fast-moving industry.