Hillrom Modernizes Account Reconciliation with Oracle Cloud
- Healthcare
Challenge
JD Edwards On-Premise ERP did not satisfy reconciliation requirements
Over reliance on manual document storage
Limited visibility into source data systems
Inaccurate risk ratings based on obsolete data
Inconsistent nomenclature across reconciliation types/categories (AR, AP, Intercompany)
EPM Solution
Oracle Account Reconciliation
Implement purpose built Account Reconciliation tool native to Hyperion
Eliminate dependency on manual and risk prone reconciliation processes
Result
12 week implementation timeline
Created a centralized database of account reconciliation reports and data
Reduced FTEs allocated for monthly reconciliations
Enabled full visibility between shared service center and corporate accounting department
%
Auto match rate for Intercompany reconciliations
%
Reduction in volume of reconciliation accounts
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