Apps Associates partnered with an energy provider in Kansas City, Missouri to successfully implement Oracle Hyperion and OBIEE. Through this implementation, the company was able to efficiently manage its financial and operational data using a common set of reporting tools provided by the enterprise performance management system.
Overview of Engagement
An energy provider faced challenges with their planning and financial processes due to their recent expansion, which resulted in using multiple consolidated spreadsheets with different data definitions and objectives. This lack of automation made it difficult to analyze key business indicators and comply with SOX requirements. Additionally, their current application architecture made it challenging to analyze data across multiple platforms.
Customer Challenges
Apps Associates was chosen to implement an integrated EPM system to enable effective planning, analysis, and reporting. Apps’ experience with EPM and understanding of the energy provider’s unique business and technology needs made them the right choice. Apps Associates implemented Oracle’s OBIEE, ESSBASE, and Hyperion Planning, as well as Hyperion Financial Reporting and SmartView analysis apps.
Apps Associates also helped the energy provider create an integrated set of performance metrics and processes to develop a single source of truth for all its reporting needs. This enabled the company to manage reporting on its own in the future.
Solution
The energy provider now has a fully integrated EPM system that provides a centralized platform for budgeting, planning, and forecasting with a common set of reliable data and workflows. They use the EPM platform along with the Oracle Hyperion Financial Management system to govern the financial close and planning processes and produce key financial reports.
With these solutions, the energy provider has been able to migrate control of financial processes and reporting to its financial organization, allowing them to spend more time analyzing important financial data. The analytic capabilities have also enabled more effective operations and profit management.
Customer Results
- Automated manual processes
- Integrated platform to enable centralized reporting
- Customized reports, KPIs and dashboard analytics
- Ability to increase profitability and predictability via analytics
Benefits of Results
About Apps Associates
Apps Associates is a premier enterprise application leader with a customer-first focus, who for more than two decades, has helped organizations innovate through digital transformation initiatives. Customers such as Brooks Automation, Hologic Inc., Edwards Vacuum, and Take Two Interactive Software turn to Apps Associates for end-to-end strategic counsel, system integration and the services required to solve their most complex business challenges—applying expansive expertise in data and analytics, application modernization, automation, digital systems, technology and operations and change management.