Leading Multinational Law Firm Embraces Oracle EPM to Improve its Planning & Reporting Processes
Summary
A leading multinational law firm known for its work on company mergers and takeovers was an early adopter of Oracle Hyperion Planning and Essbase who made the decision to implement the Oracle Solution after outgrowing its legacy Excel-based system.
Recognizing the need to transition to a comprehensive enterprise planning platform, the company chose Oracle Hyperion Planning and Hyperion Profitability & Cost.
By partnering with Circular Edge and leveraging its expertise in Oracle EPM for finance transformation projects, the company achieved its EPM vision, successfully implementing a top-tier planning and reporting solution that met all user expectations.
Quick Facts
Industry
Legal Services
Deployment Location
North America
Oracle EPM Products
Oracle Essbase
Hyperion Planning
Hyperion Profitability & Cost Management
Top Customer Objectives & Challenges
- Align planning process with new business requirements due to changes in planning processes.
- Deliver support for multi-currency planning and constant currency analysis.
- Introduce driver-based planning techniques to simplify planning process.
Provide detailed forecasting with improved frequency. - Improve source system integrations that deliver improved analytics faster.
- Reduce dependency to perform modeling of plan data in Excel by providing standard business rules in Enterprise Planning & Budgeting.
Results
- Annual planning cycle time reduced by 32%.
- Delivered process to consolidate plan in real-time to users.
- Introduced driver-based planning and standardized calculations to support structured approach to build plan delivering expected result every time.
- Delivered flexible planning techniques to users offering both driver-based or direct input planning.
