Customer
Multinational optical retail chain
Goal
The Challenges
Our team needed to create a centralized financial system to overcome the existing challenges that MedChoice Pharma was facing. Some of them are:
- The existing spreadsheet files did not support financial processes such as audit trail, security, reporting, and integration.
- Tracking the versions on the excel sheets was a seemingly impossible task during consolidation.
- Preparation of ratio analysis, balance sheet, profit and loss, and cash flow had its own set of challenges.
To overcome the above challenges, the Mastek team completed the deployment in just 16 weeks, remotely, using the ADOPT approach. We continually resolved all support-related issues throughout the life cycle of the project.
To overcome the above challenges, the Mastek team completed the deployment in just 16 weeks, remotely, using the ADOPT approach. We continually resolved all support-related issues throughout the life cycle of the project.
The Challenges
Our team needed to create a centralized financial system to overcome the existing challenges that MedChoice Pharma was facing. Some of them are:
- Optimise performance and improve process efficiency
- Unify data and generate a single source of truth to upgrade reporting and overall visibility
- Create a seamless authentication experience and add a security layer while accessing cloud applications
- Ensure the ability to navigate future challenges with flexibility, scalability and agility
- Optimise performance and improve process efficiency
- Unify data and generate a single source of truth to upgrade reporting and overall visibility
- Create a seamless authentication experience and add a security layer while accessing cloud applications
- Ensure the ability to navigate future challenges with flexibility, scalability and agility
The Challenges
- Our team helped automate the complete financial process using Oracle Financial Consolidation and Close Cloud Service (Oracle FCCS), a sub-module of Oracle EPM.
- A custom report dashboard was created by the team in order to get consolidated reports.
- High Testing Cost
- Resource management overhead
- Longer resource lead time
- No knowledge management and retention
- No standard process
- Contractual hassles for individual projects
The Challenges
- Our team helped automate the complete financial process using Oracle Financial Consolidation and Close Cloud Service (Oracle FCCS), a sub-module of Oracle EPM.
- A custom report dashboard was created by the team in order to get consolidated reports.
- High Testing Cost
- Resource management overhead
- Longer resource lead time
- No knowledge management and retention
- No standard process
- Contractual hassles for individual projects
These Solutions Included
- Creating a unified front-end that makes data workflows highly customizable and accessible for application development.
- Rewriting queries and processes that were defined in Oracle to AWS-friendly SQL.
- Building a secure, continuous data sync between legacy systems and the cloud.
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Client, XYZ Company
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Client, XYZ Company
Benefits
Improved Quality and reliability of services.
Improved customer satisfaction & confidence.
Average monthly critical system issues reduced by 60%.
Reduced staffing and systems management time.
Average monthly performance issues reduced by 90%.
Benefits
Putnam’s migration was completed in just 60 days. With many Python based, self-service utilities set up; the data architecture team was able to support an acceleration in customer analytics processes and go-to-market plans.
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More than 75% automation coverage across critical set of applications
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50% reduction in testing time
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90% test coverage in each test cycle
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0.5% leakage
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More than 75% automation coverage across critical set of applications
-
50% reduction in testing time
-
90% test coverage in each test cycle
-
0.5% leakage
Streamline your business processes with
Oracle EPM Cloud
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Oracle EPM Cloud Implementation Success Stories
Decomplex
Customer Success
Decomplex
Customer Success
Leading automation for the Ministry of Justice
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One of the largest county Councils of Greater London saved £4.5m annually