Case Study: Farmers and Merchant Bank of Long Beach boosts budgeting efficiency with Infovity Oracle Cloud EPM

Farmers and Merchant Bank of Long Beach cuts budgeting cycle 50% with Infovity

Farmers and Merchant Bank of Long Beach faced challenges with manual spreadsheet processes that lacked audit trails, were error-prone, and could not scale to model complex loan scenarios or various financial instruments. To address this, the bank partnered with Infovity.

Infovity implemented Oracle Cloud EPM and Oracle PBCS solutions within five months. This allowed the bank to project balances and interest income 36 months forward. As a result, Infovity helped the bank achieve a 75% time saving on data updates, reduce input errors, cut its budgeting cycle by 50%, and greatly improve the accuracy of its interest income estimates.

Farmers and Merchant Bank of Long Beach