Hillrom Modernizes Account Reconciliation with Oracle Cloud

Hillrom
  • Healthcare

Challenge

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JD Edwards On-Premise ERP did not satisfy reconciliation requirements
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Over reliance on manual document storage
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Limited visibility into source data systems
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Inaccurate risk ratings based on obsolete data
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Inconsistent nomenclature across reconciliation types/categories (AR, AP, Intercompany)

EPM Solution

Oracle Account Reconciliation

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Implement purpose built Account Reconciliation tool native to Hyperion
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Eliminate dependency on manual and risk prone reconciliation processes

Result

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12 week implementation timeline
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Created a centralized database of account reconciliation reports and data
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Reduced FTEs allocated for monthly reconciliations
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Enabled full visibility between shared service center and corporate accounting department

%

Auto match rate for Intercompany reconciliations

%

Reduction in volume of reconciliation accounts

Let's Collaborate

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