Business Objective

A global enterprise sought to transform its financial consolidation and reporting process, which was heavily dependent on spreadsheets and manual interventions. The legacy approach slowed down the close cycle, limited visibility, and lacked transparency for compliance. The organization required a cloud-based solution to automate reporting, reduce cycle times, enable faster variance analysis, and provide consistent global processes.

SourceMash Technologies Solution

SourceMash Technologies implemented Oracle EPM Cloud to modernize the client’s consolidation and close operations. The solution included:

• Transition from spreadsheet-driven reporting to standardized global financial designs.
• Automation of data loads, consolidations, and reporting with built-in audit trail for compliance.
• Integration of SmartView to enable on-demand balance sheet and P&L reporting.
• Drill-down capabilities for quick and detailed variance analysis.
• Streamlined close processes that minimized manual intervention and ensured timely reporting.
• Scalable design for transparent and repeatable financial close cycles.

Business Outcome

• 30% reduction in overall close cycle, accelerating reporting timelines.
• Faster processing with data loads and consolidations available in ~15 minutes.
• Improved compliance through transparent reporting and integrated audit trails.
• Enhanced financial visibility with drill-down capabilities for detailed analysis.
• Replacement of manual spreadsheets with standardized, global processes.
• A future-ready Oracle EPM platform enabling agility, accuracy, and efficiency.