NCS Multistage Standardizes Processes with Oracle Cloud EPM
  • Energy

Challenge

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Achieve functional parity with HFM in the EPM Cloud
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Streamline audit preparation with an integrated digital paper trail
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Displace Excel for inter-company eliminations, planning, budgeting and forecasting

EPM Solution

Enterprise Planning, Financial Close & Consolidation, Account Reconciliations

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12-week implementation per process
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Aligned journal entries to specific entities rather than redundant elimination entities
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Increased visibility with direct integration to source data in Dynamics (have since migrated to Oracle ERP)
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Standardized processes for Consolidations, Reconciliations, Budgeting and Forecasting

Result

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Process standardization across consolidations, reconciliations, budgeting and forecasting

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Compliance for reporting and tax requirements across international entities

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Increased accuracy of journal entires to be entity specific with integrations to source systems

“Our close process will be much more automated with the implementation of Oracle EPM Cloud. It will save us a lot of time each month.”

Wade Bitter

Chief Accounting Officer, NCS Multistage

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Increased journal entry accuracy

Read the full story here.

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