The start-up had promising technology in development that could improve safety and efficiency for a range of industries. But, like its many rivals, our client faced steep technical barriers, such as perfecting complex artificial intelligence and machine learning solutions. Scaling the business also required growing from a regional presence to reach international customers and talent communities. To realize these goals, our client, like many others, initiated an M&A strategy—rapidly building capabilities and expanding to new markets.
Before
Before
After
Future
Replace aging applications that differed across divisions and subsidiaries
Reduce manual, disparate processes freeing up more resources for advanced analytics
Enable enhanced reporting and make it more widely available across the enterprise
Act with greater speed and agility to capture value in acquisitions
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Company-wide
opportunities
Process hundreds of thousands of transactions per month with greater efficiency
Reduce 10,000+ manual journal entries per period
Decrease >3-week close
Shorten the >3-month annual budgeting cycle
Provide better support for a growing e-commerce business
Control rising finance function costs and derive greater value
Finance
opportunities
Reduce 10,000+ manual journal entries per period
Decrease >3-week close
Shorten the >3-month annual budgeting cycle
Provide better support for a growing e-commerce busines
Control rising finance function costs and derive greater value
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•
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Improve technical capabilities to keep pace with increased hiring needs
Reduce dependence on IT and tech resources for supporting and enabling continuous compliance with more than 800 collective bargaining agreements
Unify and automate workforce administration processes across the enterprise
Eliminate the need for employees to learn new systems and interfaces as they move from recruitment to training to managing benefit
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HR
opportunities
Before
Future
After
Today our client has a far larger team of world-class engineers and newly acquired technologies. With more diverse skills and capabilities in-house, the company is able to approach technical challenges from all angles. Our client is now operating globally for the first time. And teams are benefiting from tailored back-office functions that enable global capabilities to operate as a cohesive whole while maintaining the agility of a start-up.
After
Developed all the necessary processes to support a single, modernized digital platform serving the entire enterprise
Migrated 290,000 employees from legacy systems to Oracle Cloud
Increased insight-driven decision making across functions, driving performance and growth gains
•
•
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Company-wide
success
Decreased balance sheet reconciliations
by 85%
Achieved a consolidated retail and
corporate close within a shortened period
Reduced the types of P&L statements from 100+ to 4
Reduced operations costs across the board
Enhanced availability of data-driven insights that help to capture maximum value during acquisitions
Achieved a consolidated retail and corporate close within a shortened period
Reduced the types of P&L statements from 100+ to 4
Reduced operations costs
across the board
Enhanced availability of data-driven insights that help to capture maximum value during acquisitions
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•
•
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•
Finance
successes
HR
successes
Deployed a custom application for union-rule processing enabling a single HCM platform to administer benefits to all employee populations under 800+ complex union agreements
Created a digital-first, digital anywhere experience resulting in higher employee engagement
Reduced new-hire onboarding time
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•
Reduced new hire onboarding time
Streamlined and improved the process integration of new employees post-acquisition
Integrate processes and technology across the employee lifecycle from recruiting through compensation and performance
1/2
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2/2
Our client is positioned to accelerate product development, grow their international customer base, and expand teams in newly entered regions. These advances will help the company convert Intellectual Property into revenue and earnings growth and pursue additional M&A to compound its advantage. With billions added to the valuation, our client can more readily access capital and compete for talent—fueling long-term growth.
Continue to enhance analytics-driven planning and forecasting
Optimize the supply chain
•
•
Company-wide
vision
Achieve a continuous, virtual accounting close
Achieved a consolidated retail and corporate close within a shortened period
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Finance
vision
HR
vision
Establish a continual feedback-and-improvement loop based on quarterly HR reports from the field and deployment of new capabilities
Migrate payroll, benefits, and absence management to Oracle cloud for 2023
Insource benefits administration
Future
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4
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4
After
After
Future
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4