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Four Seas Mercantile Completes Financial Accounts 50% Faster
Four Seas Mercantile wanted to maintain accurate predictions of consumer tastes and consumption rates in each region of operation and allow deeper analysis of regional activities based on real-time data. The challenge was to streamline distribution operations, including making and tracking orders and collecting revenue easier and ensure ongoing technical support will be provided. Four Seas Mercantile increased efficiency by streamlining revenue reporting from all business units and completed financial accounts 50% faster.
77 days ago by OraclePrudential Overall Supply Moves to Hosted IT Model, Improving System Availability, Reliability, and Security
Prudential Overall Supply (POS) wanted transition from an unsupported, batch-oriented, data processing-based IT system to an integrated, real-time, Wide Area Network (WAN)-based corporate-wide system and ensure data integrity and availability, while easing application maintenance. The challenge was to minimize paper-based processes for printing and delivering invoices, and manage order changes via handheld PDAs. Prudential Overall Supply (POS) worked with Oracle PartnerRapidigm, Inc. (now Fujitsu) to implement Oracle financial management and purchasing applications, integrating them with a route accounting system and streamlined invoice delivery and processing for 18 plants and eight service centers.
77 days ago by OracleChina Pacific Insurance (Group) Co. Achieves Unified Management of 80 Life and Property Insurance Businesses
China Pacific Insurance (Group) Co. wanted to realize unified financial management of nearly 80 subsidiary companies and more than 400 branch centers and 700 branches and implement a system to help manage budgets and costs and undertake accounting analysis across the group. The challenge was to introduce financial management best practices as a framework for developing its life and property insurance businesses and strengthen internal audit controls to ensure compliance with insurance industry regulations. China Pacific Insurance (Group) Co. achieved real-time financial management of all CPIC subsidiaries by installing an Oracle Financials system and supported multidimensional cost and profit analysis of different insurance products, which gave managers the information they needed to improve group performance management.
108 days ago by OracleEnterprise Risk Management for Banks
Risk management in banking sector is in limelight especially after the recent turbulence that has impacted the very existence of banking sector as a viable industry. The journey of risk management started way back in early 1800's, where the banks had recognized the significance of the role of risk management and had adapted the same by creating a risk function in their organizations. Not only the bank's, even the various government bodies have recognized the repercussions / impact of not managing the risks effectively in banks and accordingly enacted several regulations to control risks that arise in the banking business and operations.
137 days ago by Wipro TechnologiesCEVA Logistics Improves Global Financial Reporting and Consolidation Processes
CEVA Logistics wanted to integrate two disparate, legacy consolidation and reporting systems following the company's merger with TNT Logistics and EGL Global Logistics (freight management and contract logistics companies) and improve the company's financial reporting and consolidation processes. The challenge was to implement an integrated consolidation and reporting tool within only six months. CEVA Logistics deployed Oracle's Hyperion Financial Management in only six months - on time and on budget - and rolled it out globally to more than 400 users, consolidating information from more than 240 entities and shortened the closing and consolidation procedures from four weeks to 10 days, enabling CEVA Logistics to report faster to shareholders and quickly react to financial developments.
138 days ago by OracleCreating a Culture of Curiosity With Enteprise Mashups in Insurance
In the battle for communities, Enterprise Mashups are set to have a role in the front-line of new innovations set to transform the competitiveness of the businesses that adopt them. Leveraging the opportunity provided by Enterprise Mashups requires a fundamental rethink in enterprise information management architecture, where a services oriented approach is the first step on a new journey. While it's easy to see Enterprise Mashups as the latest in a long line of IT silverbullets, successful players in the Insurance sector will recognize that the start-point for new strategies is to consider the 'Human' sides of enterprise behavior and the critical roles that middle-managers and communities have to play in reaching out to customers (and Agents) and in delivering organizational agility.
138 days ago by EncanvasMAS 90/200 Was Right Then, Dynamics GP Is Right Now
Like many, MAS 90/200 will meet needs after purchasing. However, the company has grown, and the needs are more complex. There is a of need advanced reporting built on the tools like Microsoft Excel, there is a need of advanced functionality to address the more complex business processes. The attendee will hear from customers that have made the switch and will see a demonstration of key Dynamics GP functionality, and learn about exciting offers for people on MAS 90/200 right now.
161 days ago by MicrosoftPanostaja Oyj Provides a Competitive Edge for Subsidiaries With Effective Reporting System
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.
199 days ago by OracleCliffs Natural Resources Cuts Month-End Close From Seven Days to Four Days, Standardizes Reporting
Cliffs Natural Resources wanted to replace spreadsheet based reporting, which was costly and prone to late delivery and shorten month-end reporting time to ensure the Asia Pacific management team has time to review consolidated regional results before submission to the U.S. head office. The challenge was to extend and improve management reporting across all areas of the business at individual and consolidated group level. Cliffs Natural Resources engaged Oracle Certified Partner M-Power Solutions to implement Oracle's Hyperion solutions to aid the company in defining requirements; designing, building, testing, and deploying the solution; and deployment project management and Contributed to a shortening of the month-end cycle from seven days to four days, by using Hyperion, not spreadsheets, to derive monthly management and statutory results.
199 days ago by OracleC&S Migrates to a Common Scalable Platform, Driving Efficiency and Reliability While Improving Controls
C&S Wholesale Grocers of Keene wanted to control user access to critical data and monitor financial processes without manual intervention and maintain data continuity across multiple systems. The challenge was to eliminate requisite manual coding in maintaining critical mainframe systems and increase employee productivity across the organization to execute operations more efficiently. C&S Wholesale Grocers of Keene reviewed the objectives and strategies of the finance; payroll; trade management; and, Governance, Risk, and Compliance (GRC) processes and assessed process challenges and identified and prioritized capabilities required to address the challenges.
199 days ago by Oracle
