Situation Before EPM Cloud at SSB
Serta Simmons Bedding (SSB) faced imminent de-support of its on-premise Enterprise Performance Management (EPM) systems. Additionally, the client’s legacy ERP (OHM) operated with limited system interfaces, requiring excessive and time-consuming manual operations.
SSB sought a modern, cloud-based EPM solution and needed a reliable partner to help them leverage modern practices in the cloud to improve business efficiencies. EPM implementation for SSB goals included:
- Re-architect applications to support organizational growth and acquisition
- Redesign applications to reduce day-to-day maintenance
- Improve reporting capabilities and performance
- Streamline data movement between Oracle EPM and third-party systems
AST’s EPM implementation helped SSB improve its business data, financial reporting, and consolidation processes, delivering them valid figures and deeper insights.”
Patrick Callahan VP, Commercial Delivery, AST LLCSolution & Benefits of EPM in Manufacturing
AST’s successful track record and expertise with industry-specific Cloud EPM engagements positioned our team as the ideal partner for this project. To best meet the needs of SSB, AST transitioned existing on-premise systems to Oracle EPM Cloud and Oracle Enterprise Data Management Cloud.
AST’s solution has enabled SSB to increase efficiencies within its finance operations, automate manual tasks, and increase response time to key decision makers, helping them drive strategic growth, predictability, and accountability. SSB has also achieved the following:
- Transitioned all applications to multi-currency enabling scalability of business operations to multiple geographies
- Eliminated most customizations from Hyperion Finance Management (HFM) with a transition to Oracle Financial Consolidation and Close (FCC)
- Streamlined Expense Allocation with new business-managed processes
- Migrated DRM hierarchy governance to Cloud EDM, leveraging the latest features including the workflow subscription model
- Transformed all Essbase applications to free-form applications with modern interfaces, leveraging Enterprise Planning to enable the business and reduce the burden on IT
- Improved data availability and reduced data movement by combining relevant applications and “Lights Out” automation
- Increased performance of applications leveraging hybrid databases in the Cloud
Solution Components:
- Oracle EPM Enterprise
- Financial Consolidation & Close (FCC)
- Enterprise Planning
- Profitability and Cost Management (PCM)
- Free Form applications
- Web Reporting Studio
- SmartView
- Oracle Enterprise Data Management
- Centralized Hierarchy management
- Workflow driven data governance
- Integration with legacy ERP OHM system
Why AST?
AST’s expertise allowed complete transformation of SSB’s budgeting systems; streamlined expense allocation, data movement and improved reporting capabilities.