Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Global Profile & Service Expertise
1
A Global Leade...
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Current Planning & Forecasting Environment
• Daily ...
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Challenges with the Legacy System
• Required 100% m...
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Why Oracle Planning and Budgeting Cloud Service?
• ...
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Current PBCS Planning & Forecasting Environment
Bac...
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Benefits Realized from Oracle PBCS Deployment
• Sig...
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Lessons Learned from Oracle PBCS Deployment
• Selec...
Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |
Future Plans for Oracle PBCS: Global Domination!
8
...
Upcoming SlideShare
Loading in …5
×

Customers Present: Oracle Planning and Budgeting Cloud Service

1,861 views

Published on

In this session, Oracle Enterprise Performance Management customers with Oracle Planning and Budgeting Cloud Service present details of their implemented solutions, providing insight and practical advice to help other organizations planning their own implementations. They also discuss the benefits achieved.

Published in: Technology
  • Be the first to comment

  • Be the first to like this

Customers Present: Oracle Planning and Budgeting Cloud Service

  1. 1. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Global Profile & Service Expertise 1 A Global Leader in Test Engineering since 1975 Offering Innovative Technical & Logistical Solutions 75 Locations in 15 Countries, Supported by 9,500+ Employees Servicing Fortune 100 Companies Worldwide
  2. 2. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Current Planning & Forecasting Environment • Daily forecasting of financial results for each of our Branch Operations and the Corporation is a key component of our business management process. o Part of CTDI’s DNA for the past 40 years! • Our legacy forecasting tool was a complex network of linked spreadsheets. • 40 Regional Branches forecast the previous day’s revenues, expenses and P&L results by mid-afternoon every day. • Branch results roll-up to Divisional results and to an overall Corporate P&L result which is published internally by COB each day. 2
  3. 3. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Challenges with the Legacy System • Required 100% manual data entry. –Approximately 50,000 data points entered per day. –Hundreds of thousands of keystrokes. –Even small % of errors added-up to inaccurate forecasts. • Data extraction from back office systems was required before data entry. • No direct link between back office system data and our forecasting tool made monthly reconciliation process difficult and time consuming. • Too much reliance on “tribal knowledge” within each branch. 3
  4. 4. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Why Oracle Planning and Budgeting Cloud Service? • Seamless integration with Oracle Financials and Oracle ERP systems already in use. • Cloud-Based (non-server) application would speed development and deployment. • Oracle’s Reputation and track record for enabling enterprises to improve their business operations. • No need for capital investment in servers and storage hardware. • Minimal time and resource investment for application maintenance & upgrades. • Competitive products did not offer comparable benefits across all evaluation parameters. 4
  5. 5. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Current PBCS Planning & Forecasting Environment Back Office Support Systems 5 FINANCIALS Kronos: Time Keeping & Payroll OLP: WMS & Activity Tracking Capital Expenditure & Fixed Asset Database INVENTORIES Business Data Analytics & Productivity Improvement Tools Daily P&L Forecast for Branch Operations Daily P&L Forecast for Division Operations Daily P&L Forecast for Corporate Planning & Budget Cloud Service Output & Results
  6. 6. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Benefits Realized from Oracle PBCS Deployment • Significant reduction in time and resources required to perform daily forecasting process. • Improved accuracy of forecast as a result of automated data loads direct from back office systems. • Significant reduction in time and resources required for monthly reconciliation process. • Improved data analytics than can be used to drive productivity improvements and cost reductions. • More time spent analyzing and acting on data rather than just reporting it. 6
  7. 7. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Lessons Learned from Oracle PBCS Deployment • Selecting the right integration partner is the key to success. – We had a unique need. We needed a partner that would listen. • Take the time to tailor the application to support your business. – We needed a solution that would work for Operations as well as Finance. • Listen to your end users. – They make it work today. Don’t forget about them. They can help you achieve success. • Think long term and strategically. PBCS is a powerful tool that can help you run a better business. • You cannot over-do testing before launch. Get it right the first time. 7
  8. 8. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Future Plans for Oracle PBCS: Global Domination! 8 PBCS North America Latin America Europe Asia

×