Case Study: Toshiba achieves 80% faster financial close and deeper profitability insight with Oracle E-Business Suite and Oracle Hyperion Financial Management

Toshiba Consolidates Financials 80% Faster, Gains Greater Insight into Operations and Profitability

Toshiba Corporation, a Fortune Global 500 electronics and infrastructure company with over 200,000 employees, set out to standardize accounting across its global subsidiaries and gain deeper visibility into end‑to‑end supply‑chain profitability. The company needed an integrated financial platform to consolidate seven disparate systems, speed up close-and-consolidation cycles, and support global shared‑service centers as part of its management‑reform agenda.

Toshiba implemented Oracle E‑Business Suite Release 12 and Oracle Hyperion Financial Management across its group companies and shared‑service centers, integrating legacy systems and automating data consolidation. The rollout cut financial close time by about 80% (from nine days to two), eliminated IT complexity, enabled managers to drill down into profitability by subsidiary, product and customer segment, and freed finance staff to focus on analysis and control—improving operational efficiency across manufacturing, procurement, inventory and sales.

Toshiba

Akihiko Shikasho

Assistant Project Manager, Global Shared Services Promotion Project Team