Case Study: Bord na Móna saves time and cuts manual effort with Oracle Cloud EPM Account Reconciliation

Bord na Móna saves time with automated account reconciliations on Oracle Cloud

Bord na Móna, an Ireland-based climate solutions company, was struggling with a large, manual finance close process across 3,000 accounts each month. Its analysts had to pull data from multiple sources, match transactions by hand, and reconcile accounts, creating a time-consuming and cumbersome workload. Bord na Móna turned to Oracle Cloud EPM Account Reconciliation to replace its home-grown reconciliation system and improve efficiency.

Oracle implemented Oracle Cloud EPM Account Reconciliation to automate account reconciliations and transaction matching, supported by Oracle Consulting. The solution helped Bord na Móna achieve auto-match rates of up to 90%, auto-close 57% of reconciliations in a period, and cut manual effort by 50% in most cases. The company also gained better compliance, reporting, auditability, and lower costs through a faster, more controlled close process.

Bord na Móna

Pamela Duignan

Finance Operations Manager