Article
Solving real-world business challenges with Oracle EPM
May 7, 2025 · Authored by Meghan Loomis, Nathaniel Pease
Organizations today, regardless of size or industry, face persistent challenges within their financial business processes. These obstacles hamper operational efficiency and growth, which delays decision-making and ultimately impacts overall business performance. From financial consolidation to reporting, budgeting and forecasting, the need for streamlined, accurate and timely financial operations is more critical than ever. Below are the real-world challenges organizations face in their financial processes, alongside practical solutions with Oracle Cloud EPM and the measurable value it delivers.
1. Challenge: Inefficiencies in multi-entity financial consolidation
Listen to how this challenge impacts business operations here.
Situation: ABC Corp, a US-based organization with subsidiaries in Canada and Mexico, is rapidly expanding across borders. However, beneath the surface lies a recurring challenge: month-end financial consolidation. Each cycle turns into a massive effort, with finance teams spending days collecting, translating and aligning financial data from multiple systems and currencies. Despite their best efforts, the process is prone to errors, delays and frustration.
This process introduces several challenges:
- Disparate data sources make it difficult to standardize and reconcile information
- Manual processes increase the risk of errors and rework
- Complex adjustments slow down reporting
- Security risks arise from the use of offline spreadsheets and shared files
- Lack of visibility and data traceability hinders transparency
- Delayed insights affect timely decision-making
Solution strategy
