Client Background and Business Context
The customer is a one-stop provider of integrated energy, housing, transportation, and infrastructure solutions with diverse products and services across many industries. They provide customers with innovative, sustainable solutions in the sectors fundamental to global growth and prosperity: housing, real estate, energy, water, transportation, and agriculture.
The customer wanted to fix their manual reconciliation processes. Their existing process relied on Oracle reports to query source data, with reconciliations being managed and tracked manually in Excel and SharePoint.
They partnered with Trinamix to implement the Oracle Accounts Reconciliation System (ARCS) to streamline and automate these labor-intensive tasks. This solution enabled automation across multiple business units, significantly reducing manual effort and improving efficiency in their reconciliation processes.
Client IndustryÂ
- Energy and Utilities
Oracle Modules Implemented
- Oracle Account Reconciliation Cloud Service
Project Location
- Canada
Key Solution Highlights
- Implementation of Oracle Accounts Reconciliation System (ARCS) allowed multiple business units to share one chart of accounts and use accounts payable, accounts receivable, advanced collections, project accounting, fixed assets, and the general ledger modules.
- Data from the general ledger, accounts payable, accounts receivable, project accounting, and fixed assets/other sub-ledgers for reconciliations imported into the ARCS tool through an automated interface for multiple business units.
- Report extract using Oracle BI Publisher reports automatically interfaced to Oracle ARCS for reconciliation based on best practices provided by Oracle in the Oracle EPM Cloud solution.
Key Benefits
Automated large, labor-intensive processes across multiple business units
Enhanced the ability to address security and risk comprehensively
Better provision for out-of-the-box reports/dashboards
Improved reconciliation process effectively controlled through a streamlined workflow
