Situation at USG Before Fixed Assets Cloud Implementation
USG Corporation is an industry-leading manufacturer of building products and innovative solutions. The organization relied on a legacy mainframe system and associated “offline” reporting and analytics features for managing assets. USG needed to reduce the manual maintenance and operations associated with its aging mainframe system and business processes for fixed assets and asset maintenance.
USG sought to implement a modern, integrated cloud financials solution with built-in asset management and accounting best practices to ensure scalability as accounting moved to the cloud and to support the firm in its strategic business objectives such as Depreciation Accumulation, Depreciation Expense, build Depreciation as per tax laws, etc.
Partnering with AST helped USG to retire a 30-year-old mainframe system and the Oracle system for managing Assets with no issues. The modern, integrated cloud financials solution with built-in asset management provide comprehensive reporting across assets, valuation, and depreciation.”
Mike Milner Regional Sales Director, AST LLCPartnering with AST helped USG to retire a 30-year-old mainframe system and the Oracle system for managing Assets with no issues. The modern, integrated cloud financials solution with built-in asset management provide comprehensive reporting across assets, valuation, and depreciation.”
Mike Milner Regional Sales Director, AST LLCSolution & Benefits of Cloud Asset Management in Manufacturing
AST’s close partnership with Oracle and decades of experience modernizing financial and asset operations allowed a seamless and effective migration to the cloud. AST provided a thorough assessment and strategic roadmap for a complete cloud migration, establishing best practices to automate financial processes. The initial 10-month project included the implementation of Oracle Fixed Assets Cloud, providing USG with comprehensive reporting across assets, valuation, and depreciation, as well as a roadmap for a full EBS migration to Oracle Cloud.
Additionally, the client has realized the following benefits:
- Process automation and integration with Fixed Assets
- Installation, patches, ongoing maintenance, upgrades, monitoring, and backup/recovery are now managed by Oracle Cloud Operations, greatly reducing USG’s IT spend
- Improved data accuracy, reduction in manual processes, and in-app reporting and analytics for more timely and accurate reporting
Solution Components:
- Oracle Fixed Assets Cloud
Why AST?
AST’s deep expertise in modernizing Manufacturing operations and asset management with modern cloud technology has led to valuable automation and greater efficiency in USG’s accounting and business operations.