Reducing the High costs of Financial Planning & Analysis with Oracle EPM Cloud
Size: 500 employees
About: Most successful football club in Europe over the last ten years.
Technologies: Oracle Planning and Budgeting Cloud Services (PBCS)
Extended CPM Team: CIS Consulting
Facing Manual and Costly FP&ABefore the implementation of Oracle EPM Cloud, the company carried out their different financial scenario planning (monthly forecast and budget) in Excel, sequentially passing their definitive version to PeopleSoft. Every modification in PeopleSoft required a lot of manual manpower in addition to being very expensive. The challenge for CIS was to reduce the time dedicated to financial planning and add intelligence to the system so that the tool could propose an initial forecast in addition to help manage the different versions.
Life with PBCS
With their current solution, the organisation can carry out Financial Planning in a more agile, precise and time-saving manner. The process now begins with an initial forecast generated by the system, based on actual/historic data and with specific allocation criteria. The system also enables copying and adjusting values with ease. In addition it allows users to maintain different versions of each forecast. The whole process is complemented by the integration between PBCS and PeopleSoft working in both directions, i.e. real data being uploaded from PeopleSoft to PBCS, and the definitive version of each FP scenario being transferred from PBCS to PeopleSoft.