Oil
Oil
Challenge
Costly and complex infrastructure maintenance for on-premise applications
Corporate wide initiative for lower total cost of ownership
Limited self-service dashboards and analytics within ARM
Disconnected Close process with time-consuming and manual tracking of activity
EPM Solution
Account Reconciliation & Financial Close and Consolidation
6-week transition from on-premise ARM application to Cloud Reconciliations
4-week implementation of Close Manager increased efficiencies and visibility
Initiate roadmap for migrating on-premise solutions to Cloud
Enforce proactive controls and compliance with new features
Future Close Task integration for process monitoring and efficiency
Result
Eliminated maintenance costs & downtime due to on-premise applications
High user adoption due to ease of use and business-centric self-service reporting
Established confidence on enterprise strategy for Cloud transition
%
Independence from on-premise infrastructure outages with Cloud Data Management
%
Reduction in close calendar from 10 to 8 days
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