Case Study: Leading Electronics Company achieves a 2-day faster financial close and 1.5 FTE manual-work reduction with DatAvail

Leading Electronics Company - Customer Case Study

Leading Electronics Company, a worldwide leader in universal control and sensing technologies, was running an outdated Hyperion Financial Management (HFM) application and needed to modernize its account reconciliation, financial close, and consolidation processes by moving to the cloud. They engaged DatAvail to reduce manual effort, adopt best practices, and improve ease of use to increase utilization.

DatAvail migrated the customer from HFM to Oracle EPM Cloud Account Reconciliation and Financial Consolidation & Close modules, trained the entire finance team on the new cloud processes, and eliminated manual and redundant tasks. As a result, DatAvail helped remove an equivalent of 1.5 FTE hours of manual work and reduced the financial close time by 2 days.