Bluepharma Automates its Financial Consolidation with Oracle EPM
Executive Summary
Timestamp implemented an Oracle Enterprise Performance Management solution to centralise and standardise the Group's financial consolidation through a single, secure and integrated repository.
The solution enabled automatic intercompany balance eliminations, standardised business rules, audit traceability and structured integration with SAP S/4HANA.
The Challenge
The client needed to improve and standardise its financial consolidation process across multiple entities, reducing dependence on manually managed spreadsheets and fragmented data sources.
The key challenges included creating a single financial repository, improving the traceability of consolidation adjustments, automating intercompany eliminations, and establishing consistent calculation and reporting rules across the organisation.
La Solución
A unified Oracle EPM platform to automate and standardise financial consolidation.
Oracle Enterprise Performance Management
Timestamp implemented Oracle Enterprise Performance Management (Financial Consolidation and Close Cloud) to centralise and standardise financial consolidation through a single, secure and integrated repository.
Financial Consolidation
The solution automated intercompany balance eliminations and standardised business rules, eliminating the manual management of multiple Excel files.
Reporting and Audit
The platform improved audit traceability and consolidated financial reporting with a corporate reporting layout.
Integration and Efficiency
Structured integration with SAP S/4HANA increased the efficiency and reliability of financial reporting.
Business Impact
Solution Scope
Single Repository
Centralised, Secure and Integrated Financial Consolidation
Intercompany
Automatic Identification and Elimination of Intercompany Balances
Integration
Structured Data Integration with SAP S/4HANA
The Client
Bluepharma is a privately owned Portuguese pharmaceutical group employing around 750 people and operating through a network of 20 innovative companies. Covering every stage of the pharmaceutical value chain, the Group combines industrial capabilities, research and entrepreneurial expertise to drive healthcare innovation, positioning itself as a key player in the long-term development of the pharmaceutical sector.
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