EPBCS Financials and Workforce Implementation

About the client

Leading precision oncology company dedicated to helping conquer cancer globally through the use of its proprietary blood tests, vast data sets, and advanced analytics.

Business Requirements

  • Tightly Integrated solution with Oracle Financial cloud ,HRMS and ADP with EPBCS.
  • Driver based budgeting and planning solution.
  • Planning and Budgeting with what-if analysis.
  • Real-time financial reporting on group level and entity level
  • Real-time variance on Actual vs Budget vs Plan
  • Workforce planning and budgeting solution
  • Benefits calculation for workforce
  • Projection for To be Hire(TBH)
  • Covert Excel-based budgeting and forecasting into a centralized solution

Business Challenges

  • Unsuccessful attempt of Oracle EPBCS implementation by another vendor
  • Dependency on Oracle Financial Cloud environment
  • Need to deliver the project before the budget cycle ends
  • Limited budgeting and forecasting methodology
  • 15-month rolling forecasting methodology needs to meet business requirements
  • Metadata dimensions not properly defined

The Solution

  • Integration between Hyperion and Oracle Financial Cloud through Data Management
  • Complete control and ownership of Finance and Budget team
  • Improved decision making: management visibility to various entities and corporate level
  • Provided end-to-end securities of data and artifacts
  • Provided proper training to users on Oracle Smart View 
  • Provided user manuals for bank users and technical team

 

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