How has Oracle EPM Cloud contributed to Pizza Hut and MTN Group?
Pizza Hut – its back-office budgeting and financial planning systems were a patchwork of Excel spreadsheets.
With Oracle EPM Cloud, the company now has a single source of truth for accounting, financial planning and budgeting, financial consolidation and close, cost management, and reporting.
The company has financial visibility across all its global operations, no matter the currency, in order to make more-informed business decisions.
MTN Group – Dependent on spreadsheets for much of its budgeting, financial reporting, and tax compliance, it ran into data-entry errors, differing calculations, and numbers that had been updated in some places but not others. As a result, its financial processes were too slow and error-prone, especially for a company that needed to become ever-more digital and agile.
Oracle EPM Cloud has helped it reduce its head-office budget preparation time by 50%, because when its people were emailing spreadsheets around, every time a number changed, someone had to reconsolidate and re-aggregate the numbers. What’s more, company finance leaders and other executives now have access to the same, accurate numbers.
