Microchip – Semiconductor Manufacturer Overhauls Financial Systems with Oracle Cloud
- Semiconductor & Manufacturing
Challenge
Semiconductor manufacturer seeking to maximize their return on investment across consolidations, reporting, reconciliations, and data governance applications
Rapidly changing business environment prompted Chart of Account changes and cost center focused analysis
Disparate ERPs required manual master data maintenance and posed potential compliance risks
Existing standard SKUs for Account Reconciliations (AR) and Financial Consolidations (FCC) applications
EPM Solution
Oracle Financial Consolidation & Close, Free-Form Reporting, Narrative Reporting, Enterprise Data Management
Replaced IBM Cognos with Oracle EPM Free-Form
Launched Narrative Reporting for collaborative and self-service reporting
Streamlined Business Unit forecasting for real-time variance analysis and new KPIs
Result
Provided a platform for global currency analysis and transaction-level support
Modernized the integration between ERPs and Oracle EPM for global cost center and functional area analysis
Facilitated a scalable enterprise data governance foundation
Let's Collaborate
Schedule a discovery call