Oracle Cloud EPM Heals Ailing Accounting Processes for Retail Pharmacy Chain
While this prescription and over-the-counter drug retailer had the right people in place, the same could not be said for its processes. Relying on an entirely on-premise infrastructure restricted movement for staff and limited visibility across the organization.
Our client’s on-premise infrastructure made a variety of traditional accounting tasks needlessly tedious and time-consuming. One of the more labor-intensive jobs for accounting teams has historically been reconciliation. Prior to working with Inspirage, the client’s accounting team performed reconciliations manually with multiple match processes. Because the client’s accounting team was handling as many as one million transactions each month, the monotonous nature of manual reconciliations (most of which were related to point of sales accounts and bank statements) stymied productivity and took teams away from performing other important tasks that require thoughtfulness and critical thinking.
With these pain points in mind, the Inspirage team recommended Oracle Cloud EPM. As part of this solution, the Inspirage team suggested Enterprise Planning and Budgeting Cloud Service (EPBCS) as well as Account Reconciliation Cloud Service (ARCS). EPBCS and ARCS are cost-effective solutions with configurable frameworks that make financial, cashflow, balance sheet, and workforce planning intuitive.
Download Customer Spotlight >>
Fill in to Download!
* fields are mandatory
