Success
Global automotive manufacturing group
Establishing a financial planning and consolidation system with Cloud
Customer profile
The customer is the South East Asian arm of a globally renowned automotive manufacturing
brand which specializes in the production of heavy vehicles. Group revenues total over $11 billion, and the customer has over 45,000 employees. The company has market dominance in the region, but is always looking for ways to innovate to ensure it retains its position.
The challenge
The customer had no system in place for financial planning and consolidation. This meant managing and regularly cleansing multiple data sheets which was time consuming and prone to inaccuracy.
The solution
The customer started looking for a software solution which would better meet their needs and were initially keen on Oracle’s Hyperion product. However, Inoapps proposed and explored with them, the idea of a cloud solution, which not only met the needs of the business, but would take away the requirement to manage hardware refreshes. The customer was impressed with the ground-breaking combination of Planning and Budgeting Cloud Service (PBCS) and Financial Close and Consolidation Cloud Service (FCCS) put forward by Inoapps. This would enable streamlined and standardized budget cycles, forecasting and group consolidation functions.
The benefits
- Single source for all financial data
- Improved decision making
- Streamlined planning and budgeting process
- Enhanced planning accuracy
- Reduction in IT support time and spend
- Regular software updates as standard
- Quick integration with legacy solutions for maximum ROI
- Quick deployment with higher scalability