Read how a large semiconductor company used Jade Global's Oracle, Implementation, Support and Automation Services to increase accuracy of revenue forecasting.

Jade Global is recognized for its full-line Oracle ERP implementation and support. For a recent implementation with Lattice Semiconductor, Jade Global implemented ASC 606 Revenue Standards using Oracle Revenue Management Cloud Platform and automated data flow to RMCS from EBS and Third-party systems.

Industry:

Semiconductor

Client:

Lattice Semiconductor

About the Client

Lattice Semiconductor are the low power programmable leader. Lattice provides solution across the network, from the Edge to the Cloud problems. Lattice product offerings enable customers in the consumer market to build technology that utilizes more computing power, higher resolution video, and reduced energy consumption.

Oracle ERP Environment:

  • Jade Global is engaged with Lattice Semiconductor for providing multi-year Annual Maintenance Contract for their state of art ERP system build on Oracle EBS application
  • It included product suites such as Oracle Financials and Supply Chain Management

Business Requirements

Lattice used to track distributor’s revenue and cash flow separately clear it manually. They wanted to streamline the process and have a single source of revenue data that they can use to increase sales, reduce costs, follow channel trends, and have faster decision making

  • Implement ASC 606 Revenue Standards using Oracle Revenue Management Cloud Platform
  • Integrate with Oracle EBS and Data warehouse that used to store distributor’s transactions details
  • Automate data flow to RMCS from EBS and third-party systems
  • Single source of Revenue data for decision making instead of going to different applications
Download Case Study

Business Challenges

RMCS

For ASC 606 data was widely spread across multiple applications & database resulting in the challenge of running reports & data consolidation

RMCS

To calculate the distributor model revenue factor, Lattice had a complex process, which was resulting in recurring manual efforts

RMCS

Due to the non-accurate revenue forecast, a large amount of true up/down was performed

The Solution

Jade Global’s implementation and support team developed highly customized applications to integrate Oracle Revenue Management Cloud System (RMCS) with multiple third-party systems, while building data integrity checks and detailed audit trails. The implementation of Oracle Revenue Management Cloud System (RMCS) helped the client significantly simplify their business operations and improve their ability to perform accurate financial forecasting.

  • Jade Global successfully implemented Oracle Revenue Management Cloud
  • System (RMCS) and standardized processes to improve revenue forecasting accuracy
  • Oracle Revenue Management Cloud System (RMCS) is implemented with Oracle EBS module footprint in co-existence model
  • Multiple third-party systems integrations are built with RMCS to overcome challenges of integrating widely spread data
  • Customized applications to reduce manual processing

The Business Benefits

The implementation of Oracle RMCS provided several significant business benefits for Lattice. Firstly, it eliminated the extensive manual effort required to manage sales and distribution.

  • Eliminated extensive manual effort via automation
  • Improved Revenue Forecasting by more than 98%
  • Enabled smooth and streamlined AR period closing activity
  • Jade Global implemented Oracle RMCS and has been supporting as a part of long running AMS contract, providing Lattice, strong, stable, year-on-year
  • service level improvements from a single Oracle Cloud support partner with implementation expertise

"Jade Global is our trusted AMS partner so it was a natural choice to engage them for our Oracle RMCS implementation. They provide a mix of deep Oracle experience and knowledge in ASC 606 that supported our shift in our revenue recognition approach. As promised, Jade provided a team that ramped up quickly so we could meet our accelerated timeline. The team was dedicated and worked seamlessly with our other partners which resulted in a successful go-live. We couldn’t have completed this project on our timeline without their engagement."

Lattice Semiconductor, It | Business Partner

 

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