ONEOK Eliminates Maintenance Costs with ARCS & FCCS

  • Energy

Challenge

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Costly and complex infrastructure maintenance for on-premise applications
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Corporate wide initiative for lower total cost of ownership
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Limited self-service dashboards and analytics within ARM
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Disconnected Close process with time-consuming and manual tracking of activity

EPM Solution

Account Reconciliation& Financial Close & Consolidation
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6-week transition from on-premise ARM application to Cloud Reconciliations
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4-week implementation of Close Manager increased efficiencies and visibility
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Initiate roadmap for migrating on-premise solutions to Cloud

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Enforce proactive controls and compliance with new features
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Future Close Task integration for process monitoring and efficiency

Result

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Eliminated maintenance costs & downtime due to on-premise applications
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High user adoption due to ease of use and business-centric self-service reporting
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Established confidence on enterprise strategy for Cloud transition

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Independence from on-premise infrastructure outages with Cloud Data Management

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Reduction in close calendar from 10 to 8 days

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