Case Study
Oracle EPBCS + Jade Global: Unlocking a 30% Leap in Budgeting & Forecasting for a Global Leader in Workforce Agility Solutions
Download Case StudyIndustry: Software Development
About the Client
The Client specializes in cloud-based software for people development and learning technologies. Their AI-driven talent experience platform integrates technology, data, and content, fostering a workplace focused on growth, adaptability, and large-scale success. Serving more than 7,000 clients and 100 million users, the client's people development platform is accessible in 180 countries and available in 50 languages.
Business Requirements
To meet evolving financial planning demands, the following business requirements were identified:
- Streamlined preparation, comprehensive review, and timely submission & approval of the budget/forecast were essential requirements.
- A planning solution was needed that encompassed financial, CAPEX, workforce, and supplier expenses.
- The accurate and timely generation, approval, and submission of the budget/forecast, with efficient allocation, were critical requirements.
- For effective management, the development of seamless integration and operation was necessary.
- A scalable solution was required to address the then-current and future business needs in a rapidly changing economic scenario.
Business Solution Offered by Jade Global
Jade Global empowered a unified financial ecosystem, delivering seamless planning, precise forecasting, and real-time insights through integrated Oracle EPM Cloud solutions
- Integrated Budget/Forecast Solution: Jade Global developed a solution integrating financial, CAPEX, workforce, and supplier expenses with the Financial Close and Consolidation solution and Oracle Cloud EPM services for comprehensive financial planning.
- Product Development Expense Capitalization: Implemented a solution for optimizing financial resource allocation and enhancing capital expense tracking.
- SG&A Expense Allocation: Deployed a solution for allocating SG&A expenses across products and departments, improving financial tracking and resource allocation.
- Payroll Expense Forecasting: Established a solution for budgeting and forecasting payroll expenses, including benefits, taxes, and various employee categories, contributing to detailed financial management.
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