Giulio Maresca

The client, a global engineering company, went through various mergers, acquisitions, and reorganizations.  This had resulted in the need to manage a patchwork of financial business processes and approximately 200 systems within the existing information technology infrastructure. The present legacy financial system was antiquated and did not take advantage of the technology that is now available for real time collection of detailed data, drill down to transactions, and reporting capability. Therefore, we implemented Hyperion’s Financial Management (HFM) web-architected application.  The application was implemented to support the consolidation, external reporting, and managerial analysis functions of all the business units of the company.

Business Results

• Provide a solution for financial consolidations for both legal entity and management structures
• Standardize business processes and reports across the company
• Enable flexibility for change – reorganizations, mergers, acquisitions, and management changes
• Support compliance, Sarbanes/Oxley (SOX) and internal control requirements
• Enable the management team to provide consistent, timely, accurate and relevant financial information