Case Study

Transforming FP&A for Enhanced Efficiency and Reliability

Challenge

A California-based clean energy producer faced challenges with their FP&A solution, which did not align with its core values of efficiency and reliability. The process of creating annual budgets was labor-intensive, taking over 4 months and straining resources, leading to numerous errors. Additionally, the company struggled to create quarterly and weekly budgets, and the lack of scenario modeling and real-time reporting left them exposed to market disruptions.

Solution

Oracle Cloud Enterprise Planning and Budgeting

Outcome

  • Reduced budget cycle from 4+ months to less than 1 month

  • Reliable weekly and quarterly automated reporting

  • Perform scenario modeling to evaluate alternatives in less than 2 days

  • Greater visibility into actual vs. budget

  • Simplified reporting and packages