Case Study: Associated Materials

Associated Materials has never had an FP&A tool or defined processes to plan, forecast or budget. AMI is a group of companies on disparate ERP's and the FP&A function was a mix of Excel, emails and calls from the various business units. This was manual, full of errors, not auditable and took a lot of time to produce. Executives also did not have any dashboarding capabilities. AMI and OnPlan partnered to transform Finance Processes and implement Oracle EPM Cloud  to accomplish the objectives.

Top Customer Objectives & Challenges

• Implement an FP&A tool and design finance processes to utilize the technology.
• Increase visibility and dashboarding for management to measure financial planning & performance
• Lack of Automation: manual account mapping and conversion
• Reporting: limited visibility via reports and dashboarding
• Single Source of Truth: multiple sources of financial data used for financial reporting
• No Audit trail.

Results

• Created Finance processes for the planning and budgeting function utilizing Oracle EPM Cloud
• Baseline financial data and single source of truth for reporting and executive dashboarding
• Backbone for disparate systems and processes to be integrated
• FP&A tool implemented to avoid manual planning and budgeting
• Significantly reducing current technology platform complexity and risks while stabilizing overall operations
• Guiding and supporting optimized business processes for a high performing organization
• Enabling new business agility to explore new growth avenues