Panostaja Oyj Provides a Competitive Edge for Subsidiaries With Effective Reporting System

Overview

Panostaja Oyj wanted to obtain a scalable and reliable financial reporting system to meet the needs of the quickly growing business, which had doubled in annual revenue and number of business areas due to mergers and acquisitions and reduce the amount of manual work both in external and internal reporting, and manage staff risk by reducing dependency on the presence of certain key employees. The challenge was to build a system where the subsidiaries produce their own monthly reports, and give management enough time to analyze key figures and take prompt action regarding problem areas. Panostaja Oyj worked with Oracle Partner Hy Partner Solutions Oy to implement Oracle's Hyperion Financial Management, benefiting from its inherent scalability and powerful Web analysis features.