Case Study: Barco achieves faster, more comprehensive financial consolidation with Oracle Hyperion Financial Management (Oracle)

Barco Consolidates More Financial Data in Less Time

Barco is a global visualization-technology company (headquartered in Kortrijk, Belgium) that serves industries from healthcare to broadcasting and employs about 4,000 people. Faced with growing sales, acquisitions, and complex reorganizations, Barco needed to collect, consolidate, and report accurate financial data from worldwide subsidiaries, speed up the extended financial close, automate time‑consuming tasks (cash‑flow and currency impact analyses), and provide complete audit trails and transparency for internal and external stakeholders.

Barco upgraded from Oracle Hyperion Enterprise to Oracle Hyperion Financial Management (with Hyperion Financial Data Quality Management and Smart View), implemented smoothly with partner support. The new solution let Barco consolidate annual results in five business days across 47 subsidiaries and 600+ cost centers, process more financial data without adding resources, achieve 20% faster data collection/mapping/verification/consolidation, automate consolidation adjustments and error checks, and reduce audit time and costs while improving data quality and transparency.

Barco

Véronique Feys

Consolidation and Reporting Director