Costly & Cumbersome FP&A
Previously, the company carried out their planning for different financial scenarios (monthly forecast and budget) in Excel, passing the definitive version to PeopleSoft sequentially. Every modification in PeopleSoft demanded time-consuming manual labour in addition to being very expensive. The challenge for Spaulding Ridge was to cut time spent on financial planning and add intelligence to the system so that the tool could deliver an initial forecast, as well as streamline scenario analysis in financial modeling.
An Agile, Multi-directional, Integrated Stack
To provide a more agile, precise, and time-saving system, Spaulding Ridge implement Oracle PBCS and integrating it to PeopleSoft, with the connection working in both directions to share data both ways.