Timestamp Successfully Implements Oracle EPM Cloud Solution at Bluepharma Group

Timestamp has successfully completed the implementation of the Oracle Enterprise Performance Management (EPM) Cloud solution at Bluepharma Group, marking a strategic milestone in the Portuguese pharmaceutical company's financial transformation journey. This Go-Live reinforces the joint commitment to technological innovation and excellence in financial consolidation processes.

Focused on Bluepharma’s critical needs, the project was designed to ensure a robust, scalable solution, fully prepared to meet future challenges. The Oracle EPM Cloud platform enabled the optimisation of the entire financial consolidation process, ensuring greater accuracy, transparency, and efficiency.

A Future-Oriented Financial Solution

The new solution implemented by Timestamp introduces a centralised and secure financial repository, replacing the manual and scattered management of multiple Excel files. This centralisation ensures data consistency and solid control over financial information.

Data loading was also simplified, with the automation of data importation through a single structured file, detailed by intercompany balances and accounts from Bluepharma’s main chart of accounts. This approach helped reduce manual errors and accelerate closing cycles.

Advanced Financial Reporting and Enhanced Control

With Oracle EPM Cloud, the pharmaceutical group now benefits from the automatic generation of financial statements and annexes, in accordance with the corporate layout, integrating the contributions from each entity within the consolidation scope.

The system’s full auditability guarantees traceability of postings and configuration changes, including consolidation methods and ownership percentages, ensuring full compliance and transparency.

Standardised Rules and Automatic Elimination of Intercompany Balances

The implementation includes a unified set of business rules, covering everything from currency conversion to the elimination of intra-group transactions and calculation of opening balances. This standard supports the harmonisation of financial processes across the group.

The automation of intercompany balance identification and elimination—at the balance sheet, income statement, and cash flow levels—represents a significant improvement in the reliability and quality of consolidated information.

Integration with SAP S/4HANA and Strategic Collaboration

The solution integrates seamlessly with Bluepharma’s SAP S/4HANA system through a structured file exchange process. This integration enables efficient and secure synchronisation of financial data between platforms, ensuring that consolidated information accurately reflects the original accounting records.

This project is the result of close collaboration between the Timestamp and Bluepharma teams, reinforcing Timestamp’s position as a trusted partner in the implementation of impactful cloud-based financial solutions.

Learn more about our financial performance solutions: Business Solutions and Applications Services | Timestamp