Case Study: SunTrust Banks achieves faster, more accurate IT budgeting with EcoSys Management

Financial Performance Management at SunTrust

SunTrust Banks, a large financial holding company with $180 billion in assets, struggled with slow, manual IT budgeting and poor integrated performance reporting across too many sources. Its existing project management system could not handle non-labor expenses or accurately price resource costs, and business confidence in IT Finance was low. After using Primavera for project management, SunTrust needed a stronger financial management solution and chose EcoSys Management’s EcoSys EPC (Enterprise Planning & Controls).

EcoSys Management implemented EcoSys EPC to automate project-driven budgeting, forecasting, approvals, and actuals integration from Oracle Financials. The result was a major improvement in visibility and control: annual budgeting was cut from months to weeks, actuals came within 2% of the General Ledger within three months, and Corporate Finance gained greater confidence in IT reports.

SunTrust Banks