Infovity Implements Oracle ARCS to Streamline Financial Close at Cytokinetics

Industry

Pharmaceutical

Deployment

San Francisco

Go-Live

May 26, 2025

Products

Oracle Account Reconciliation Cloud Service (ARCS), Oracle Cloud ERP, Oracle Cloud EPM, Planning and Budgeting
Integrations: Seamless integration with Oracle Cloud ERP

Customer Summary

Cytokinetics is a biopharmaceutical company focused on discovering, developing, and commercializing muscle biology-driven treatments for diseases associated with impaired muscle function, including heart failure and ALS. Based in South San Francisco, they are committed to advancing innovative therapies that improve muscle function and patient outcomes.

Objectives and Challenges

  • Replace Legacy Reconciliation Tool: Migrate from the Blackline application to Oracle ARCS to modernize reconciliation processes.
  • Automate Data Integration: Implement nightly automated loading of GL balances from Oracle ERP to ensure timely and accurate data availability.
  • Streamline Close Activities: Configure Task Manager to orchestrate and monitor the financial close process.
  • Build Approval Workflows: Establish robust approval workflows for reconciliations to strengthen control and audit readiness.
  • Enable Insightful Reporting: Leverage out-of-the-box reports and dashboards to improve reconciliation oversight and decision-making.

Results and Benefits

  • Seamless ERP Integration: ARCS integrates smoothly with Oracle ERP, ensuring real-time data synchronization and fewer manual steps.
  • Greater Visibility and Control: Enhanced transparency into the reconciliation and close process supports better financial governance.
  • User-Friendly Experience: Role-based access and intuitive interfaces drive higher user adoption and productivity.
  • Audit and Compliance Readiness: Built-in export capabilities make it easy to support audits and maintain compliance documentation.