Client Background and Business Context
This customer is a globally recognized leader in designing, engineering, and manufacturing award-winning solutions and services. They include two business divisions: The first is a cloud-manageable audio, video, and control (AV&C) platform built around a modern, standards-based IT architecture. The second delivers high-performance loudspeakers, digital mixers, power amplifiers, software, and accessories.
The customer aimed to upgrade their legacy systems and business processes to support the growth. They previously relied on a manual, time-consuming revenue recognition process and had limited capabilities for financial planning and budgeting.
Client IndustryÂ
- Electronics & Appliances Manufacturing
Oracle Modules Implemented
- Oracle Enterprise Performance Management
- Oracle FCCS (Financial Consolidation and Close Service)
- Oracle EPBCS (Enterprise Planning and Budgeting Cloud Service)
Project Location
- North America
Key Solution Highlights
- Helped management make quick decisions with the provision of up-to-date financial reports.
- A shift from the manual system process involved in day-to-day transactions.
- A seamlessly integrated environment to provide real-time information and flexibility to generate ad-hoc reports without manual intervention.
- Robust, integrated platform to support scalability, efficiency, and optimization.
- Automation in reporting to management for line-of-business-based performance and profitability contribution.
Key Benefits
Increased transactional and financial accuracy
Elimination of manual work and faster revenue recognition with accurate reconciliations
Improved automation in tracking variances, for example, budget vs. actuals
