Faster Budgeting Today, Better Planning for the Future. Amid fast growth, Cupertino Electric Inc. (CEI), an engineering and construction firm, was stretching their planning processes and analytics systems to the limits. With SpearMC’s assistance evaluating their infrastructure and implementing Oracle EPM Cloud Planning Budgeting (PBCS), CEI now has a solution for planning, consolidation, reporting and analytics that helps them move faster and make more informed decisions.
- CHALLENGE PRESENTED
- CEI’s homegrown budgeting tool and planning processes were unable to support their fast growth. The system did not provide the timely information that management required, and versioning and budget consolidation were difficult and time-consuming.
- PROPOSED SOLUTION
- SpearMC implemented a new budgeting system and modified their processes to improve planning and forecasting. The new, cloud-based planning model uses Oracle EPM Cloud instead of Excel, which provides better functionality, increases flexibility, enables deeper planning, and improves data integrity and accuracy.
- RESULTS ACHIEVED
- CEI’s budgeting process is now significantly more thorough and efficient. The company can now quickly analyze “what if” scenarios, generate detailed reports, plan more strategically and create both annual and monthly forecasts for better visibility into their business.
HOW WE HELPED CEI SUCCEED
Evaluated and implemented Oracle EPM Cloud (PCBS) to support a more efficient, effective planning model that reflects CEI’s current business and future growth
Moved from an Excel-based budgeting model to a cloud-based system that is faster, easier and scalableDelivered training for end users and administrators to ensure ease of use