Situation Before Oracle Cloud Implementation
Worldwide Facilities is a national wholesale insurance broker and program underwriter that has been in business since 1970. With over 800 associates in 35 offices across the U.S., its brokers and underwriters are industry leaders, providing expertise in a wide range of specialty lines and extensive contacts (should this be contracts, not contacts?) with carriers domestically and overseas. Worldwide Facilities utilized disparate agency management systems (AMS) and financial ledgers with manual, Excel-based consolidation.
Some of the objectives of the project included:
- An integrated system to simplify financial close and consolidation, reduce errors and save time
- Reduce or eliminate reliance on Excel-based reporting and manual processing of complex allocations, accruals, intercompany, multiperiod accounting and consolidations
- Quicker ways to integrate new acquisitions into the existing systems
- Improved functionality, automation, and use of best practices
At AST, we partnered with Worldwide Facilities to drive a transformational shift in their operations with a disruptive Oracle Cloud ERP solution. By integrating Financials, EPM, and OIC, we empowered them to automate accounts payable, accelerate financial consolidation, and streamline acquisitions, creating a scalable and efficient framework across their 35 offices.”
Jack Pinto Vice President - SalesAt AST, we partnered with Worldwide Facilities to drive a transformational shift in their operations with a disruptive Oracle Cloud ERP solution. By integrating Financials, EPM, and OIC, we empowered them to automate accounts payable, accelerate financial consolidation, and streamline acquisitions, creating a scalable and efficient framework across their 35 offices.”
Jack Pinto Vice President - SalesSolution & Benefits After Implementation
Solution Components:
- Oracle Cloud ERP (GL, AP, AR, CM, FA, Imaging, Expenses
- Oracle Cloud EPM (PBCS/ARCS)
- Oracle Integration Cloud
- Oracle WebCenter
Why AST?
AST helped Worldwide Facilities move away from manual, Excel-based reporting. AST’s expertise delivers streamlined, integrated solutions tailored to meet financial management needs.