A selection of our client references
The BBDO agency network consolidates the finances and planning processes of more than 50 agencies in Oracle Hyperion.
BBDO Germany is an agency network whose members are known for excellent brand management and efficient communication solutions. Positioned as “BBDO The Brand Leaders,” successful communication experts operate under the umbrella of the holding company. The group’s portfolio includes advertising, consulting, CRM, sales promotion, media, distribution/outsourcing, events, design, and much more.
Challenges & Solutions
The consolidation of results from more than 50 agencies, based on Excel and email, was very time-consuming and error-prone. Adjusting dynamic formats for report creation alone took several days. The multi-stage planning process was only poorly supported. By connecting all agencies to Oracle Hyperion, with web-based data collection and centralized data storage, the consolidation process was accelerated by about 50%, with improved data quality. Thanks to fully automated preparation, there is no longer any effort required for report creation. The multi-stage planning and coordination processes are now significantly more efficient and transparent, thanks to tool support with workflows.
The tourism group TUI harmonizes financial consolidation with Oracle Hyperion Financial Management.
With more than 76,000 employees and approximately 20 billion euros in revenue, TUI is the largest tourism company in Europe. The publicly traded group includes, among other things, travel agencies, agents, hotels, airlines, cruise ships, and tour operators.
Challenges & Solutions
In Phase I, the companies of the entire sub-group “TUI Travel PLC” were integrated into the new consolidation system to replace the existing consolidation solution. The already existing consolidation application (HFM) of TUI Travel PLC was expanded to meet the requirements of TUI AG. This involved designing changes in the chart of accounts, calculation rules, reporting, interfaces, and underlying processes, and integrating them into the existing environment.
In Phase II, the remaining companies of TUI AG were connected to replace the existing consolidation solutions and to support the entire consolidation process with a single system. The main challenge was to connect all sub-systems to the central consolidation system and create the necessary interfaces for this integration.
In both phases, system users were trained by employees of R.S.V.P. Management Solutions and were supported during the testing and live operations.
The engineering company Leybold Optics consolidates finances with Oracle Hyperion Financial Management.
Leybold Optics is a subsidiary of the Swiss technology group Bühler AG. In the fields of vacuum technology and optical precision mechanics, it is one of the global market leaders.
The company is involved in the development and manufacture of special machines and systems for coating glasses with special thin films. The company is based in Alzenau in Lower Franconia, directly next to the former Leybold subsidiary, Applied Materials. In 2012, the company was acquired by the Swiss technology company Bühler AG.
Challenges & Solutions
The originally consolidated financial data, derived from Hyperion Enterprise, no longer met the detailed requirements of local controlling and the reporting needs of the parent company. Among other things, a more detailed chart of accounts and a profit and loss statement based on both the German Commercial Code (GKV) and the International Chart of Accounts (UKV) were required and implemented. Hyperion Financial Management (HFM) provided the necessary technical framework to represent the higher level of detail in the new system.
The old Excel-based interface between the local accounting systems and the consolidation system was replaced. Manual data entry and adjustments to Excel files were time-consuming and error-prone. The closing process was only poorly supported by the system. With the help of Hyperion Financial Data Quality Management (FDM), a central, web-based interface was created, which is now used for the quick loading of financial data directly extracted from the accounting systems. This means that local subsidiaries now save time in reporting, as all manual data entry is eliminated.
By connecting all subsidiaries of Leybold Optics to Hyperion Financial Management, the time required for the consolidation process was reduced, while data quality was improved. The multi-stage closing process thus became significantly more efficient and transparent.
Construction materials manufacturer Tremco Illbruck plans finances with Oracle Hyperion Planning.
Tremco Illbruck is a subsidiary of the American construction company RPM Building Solutions. Tremco Illbruck is one of the market leaders in the field of window sealings, facade sealings and roof and surface coatings..
Challenges & Solutions
As part of the implementation of the consolidation system Hyperion Financial Management by the parent company RPM Building Solutions, the existing planning system was no longer deemed sufficient for its purposes.
The redevelopment of the planning solution with Hyperion Planning resulted in the adjustment of the planning system to the structures of the new consolidation system and addressed the increased demands for planning details as well as the time issues during the planning process.
The implementation of Hyperion Planning at Tremco Illbruck primarily increased the level of detail in the planning data and reduced the cycle time of a planning process. Additionally, functions were integrated into the system that simplify and support the work of planners with the system.
The energy provider Bayerngas consolidates with Oracle Hyperion Financial Management.
“We were very satisfied with the services of R.S.V.P. Management Solutions GmbH. In the lead-up, we particularly appreciated the excellent, practical implementation recommendations. During the implementation phase, we always received quick and competent responses, allowing the software to be launched on schedule.”
Operator of online marketplaces Scout24 plans and consolidates with Oracle [Hyperion] Enterprise Performance Management.
Scout24 AG is, among other things, the operator of the well-known online platforms ImmobilienScout24 and AutoScout24. The Scout24 Group operates in 18 countries and offers its products and services to over 8 million users.
Challenges & Solutions
As part of the acquisition of the Scout24 Group by an investment company, the planning, consolidation, and interface tools of the Corporate Accounting and Controlling departments had to be adjusted to the new reporting requirements. Among other things, new applications were set up with a calendar aligned to the fiscal year of the investment company and populated with data. Additional planning scenarios were created, and the interfaces were modified or newly created using ETL tools to enable data exchange between the planning and consolidation applications.
“The consultants from R.S.V.P. Management Solutions GmbH helped ensure that the financial department applications kept pace with the changed framework conditions, both functionally and technically, allowing Scout24 AG to meet all reporting obligations.” – Head of Financial BI
