PREDICTif successfully assists major geophysical survey company to select the right Enterprise Performance Management product for its financial reporting and analysis needs
CUSTOMER:
A leading seismic data-acquisition imaging and software systems company who assists petroleum exploration companies to identify and measure subsurface geological structures.
REQUIRED CAPABILITIES
- Financial consolidation and reporting
- Interactive analysis
- Forecasting and Budgeting
- Oracle Hyperion Planning, Essbase, Financial Reporting, Financial Data Management
- Integrate seamlessly with its main ERP solution (Infor’s Syteline), its existing Microsoft SQL Server based data warehouse and miscellaneous data sources;
- Upgrade its antiquated and unsupported EPM architecture to a modern and sustainable one;
- Automate and streamline its financial reporting and planning processes eliminating manual, redundant and time-consuming steps;
- Enable drill-downs and what-if analysis for gaining insight and better financial plans;
- Establish a single version of the truth and generate accurate/ up-to-date reports;
- Leverage both web and Excel as available interfaces for ad-hoc analysis, interactive report authoring and viewing;
- Offer an easy-to-learn and easy-to use tool that enables the business to achieve self-sufficiency; and
- Ensure long term, advantageous total cost of ownership.
- Assisted the Customer in its identification of the appropriate use cases that addressed all critical business needs;
- Prepared the use case documentation and accompanying data;
- Worked with Customer personnel in order to facilitate software vendors’ involvement in the PoC;
- Supported the Customer as needed throughout their participation in the evaluation process;
- Administered the different software vendors’ PoC’s and validated their results;
- Incorporated PREDICTif’s proprietary software evaluation process and compared/contrasted its weighted scoring criteria against that of the differing, competing vendor technologies;
- Led vendor’ demos and meetings in an effort to contribute towards the information gathering process;
- Provided cost estimates for license and implementation costs; and
- Produced a high level roadmap and long term implementation plan for each technology so that the Customer understood not only the current state, but also the future vision of the chosen technology.
- Oracle Hyperion Enterprise Performance Management (EPM) software meets the key business requirements, enables the automation of planning and reporting processes and powers the finance team to perform data mining and ad-hoc analysis;
- Oracle Hyperion is easy to use, easy to implement and easy to support/maintain;
- It is a cost effective, high return investment, conducive to quick wins, resulting in lower total cost of ownership;
- It establishes a solid platform for future reporting and analysis needs; and
- Oracle utilizes updated and modern technologies, presents a strategic product development roadmap and enjoys both financial as well as organizational stability.
- Upgraded the customer’s financial reporting and analysis architecture to a modern and fully supported technology;
- Increased the architectures performance resulting in a more robust and stable environment;
- Eliminated a multitude of manual, error-prone and time-consuming steps resulting in a more efficient and accurate financial analysis and reporting process;
- Delivered to the business users the ability to do ad-hoc analysis and create their own reports;
- Delivered a solution to the business that the customer personnel were able to support and maintain without significant IT support or involvement; and
- Provided the business a solution that resulted in a significant return on investment.