Standardizing Business Processes for Global Entities in a Single Oracle EBS Platform

Our Client is a global firm providing solutions to financial professionals. Their solutions increase operational efficiency, reduce risk, and eliminate the boundaries between systems, information and people. With more than 4,500 client firms in over 60 countries, they are established as a leading provider of mission-critical solutions to meet the demands of investment management operations around the world

Client Requirements

  • To consolidate all US and Non US Entities on same accounting platform.
  • To centralize service center models: Operating out of the US, EMEA and APAC
  • To create a common Chart of Accounts/ clear defined mapping between local COA and global US GAAP COA
  • To provide onsite coverage in EMEA to perform key test cycles

Key Challenges

  • Clients EMEA and APAC were outside Oracle EBS and managing all their financials through 3rd party accountants
  • Non-availability of the reporting at the sub ledger level for all the whole company.
  • Manual expense reporting for the EMEA and APAC non-professional services employees
  • No global processes for all their business transactions

Jade Global’s Solution – EBS R12 Global Rollout

  • Facilitated and developed global business processes for all the regions
  • Implemented Oracle Financials (GL, AP, PO, and iExpense) for all the entities in EMEA and APAC
  • Updated integrations with Hyperion and HR system for EMEA and APAC business transactions
  • Developed bank integration with JP Morgan Chase supporting ISO Standards

Business Benefits

  • Global business process in a single standard EBS platform for all entities in EMEA and APAC
  • Detailed level reporting availability
  • Template based repeatable design for future entities except for localization considerations for those entities