MediaNews Group Automates 1.5M Transactions Monthly with Oracle Cloud
Media & Entertainment
Challenge
JD Edwards on-premise ERP
Manual excel based process for monthly account reconciliations
Complexity in bank integrations delayed monthly close
Limited visibility into transactional data and details on customer activity
Shared service center overburdened with millions of monthly reconciliations
Solution
Oracle Cloud EPM Account Reconciliation
- Reconciliation Compliance
- Transaction Matching
Eliminate excel and outsourced vendor for transaction matching
Reduce headcount in shared service center dedicated to transaction matching
Result
Automated ~ 1.5 million transactions per month
Translated transactional data and customer activity into strategic insights
Enabled drill to ERP detail for 800+ end users
Provide self-service reporting capabilities across finance, accounting, and field users for well data input
Self-service reporting across finance & accounting for Planning & Budgeting
%
Credit Card Match Rate
%
Bank Match Rate
%
Reduced Monthly Close Timeline
Discover the art of the possible.
