FCC Implementation

The Client:
Our client is a publicly traded, international lighting, graphics, and technology company. They are committed to advancing solid-state LED technology to make affordable, high performance, energy-efficient lightning and custom graphic products. Additionally, they provide a full range of design support, engineering, installation and project management services to our customers.

The Challenge:
Our client was using old Excel models with Lotus 123 formulas for consolidations, with no systematic controls or security to prevent data changes. These limitations allowed manual top-side adjustments, plugs and excel manipulations making audit trails extremely difficult and difficult to follow. This concern had been identified earlier in an original discovery process for a recently completed PBC Implementation for this company.

The Solution:
The Enterprise Performance Management (EPM) solution called for the implementation of the Oracle Financial Consolidation and Close Cloud (FCC) application to support the consolidation, close and reporting needs that our client required for their financial reporting and close processes. In the implementation, Inspirage also enhanced their ad-hoc reporting creating a consistent source for reporting that easily reconciled to JDE allowing the application to be scalable and grow with our client.