Credit Union Management Confident in FP&A in Just 10-Weeks After Oracle Cloud EPM Implementationadmin2020-11-24T10:57:28+00:00
Credit Union Management Confident in FP&A in Just 10-Weeks After Oracle Cloud EPM Implementation
Leading member-owned financial cooperative Credit Union in the Northwest provides banking services, including savings, loans, and other financial services to members.
Challenges and Objectives:
The customer required a single integrated platform to automate data collection, provide consistent financial reporting, and increase visibility and analysis of Financial Management Reporting. The project goals included the ability to build and navigate ad-hoc reports in Oracle SmartView for Office, in addition to producing financial statements and reports in Reporting Web Studio. Like most Credit Unions, FP&A out of Jack Henry Episys and GL platform was a tedious manual process. They needed an automated integration between Oracle Cloud EPM and Episys to streamline all reports.
Oracle Cloud EPM:
Planning & Budgeting
Integrations with financial reporting included Income, Balance Sheet, and Key Ratios, plus Infovity’s pre-built integration to Jack Henry Financials for actuals daily.
The Infovity Advantage:
Improved Financial Reporting with consistent data across the organization in just 10-weeks
Reduced manual errors and increased management’s confidence in reports and analysis
Robust and user-friendly actual vs. budget analysis platform through Oracle SmartView for Office
Report distribution to management fast-tracked and real-time analytic capability improves decision making
Access a variety of ready-to-go Banking and Credit Union models built on Oracle Cloud applications and accelerate your implementation with pre-built integrations with industry solutions like Jack Henry and Fiserv.
Our focus is 100% Oracle, from ERP to HCM, EPM, E-Business Suite, custom application development and more. We were founded by former Oracle employees, so it’s no surprise that many of our team members were previously Oracle product leaders, in some cases helping to build many of the Oracle products we implement today. With such deep Oracle expertise as well as extensive business, compliance, and overall technology experience, you can be assured that Infovity will deploy your solution as rapidly as possible using best practices.