Oracle EPM Innovates Financial and Budgetary Planning for the Footwear Industry
Challenge
- Improve alignment between business strategy and operational planning;
- Promote integration between areas in financial planning;
- Standardize processes and eliminate manual processes and spreadsheets;
- Reduce the time to develop financial controls;
- Streamline simulations and changes in planning.
Solution
- Based on detailed mapping of budget-related processes and their revisions, a new, standardized, and integrated model was proposed;
- Integration with the company's management systems, such as ERP and HR, to obtain data, enabling rapid updates to financial monitoring;
- Training and monitoring of personnel in the new processes and the Oracle EPM Planning solution to assist and facilitate the implemented changes;
- Preparation of more accurate and agile reports and analyses.
Results
- Standardization and modernization of the company's budgeting process.
- Greater engagement and better collaboration among teams involved in the process;
- Reduced time to develop financial controls;
- Increased simulation and scenario analysis capabilities;
- Streamlined decision-making.