Case Study: VLTAVA LABE MEDIA halves budget preparation time and boosts group consolidation with Oracle Cloud EPM

VLTAVA LABE MEDIA halves budgeting and planning preparation time with Oracle

VLTAVA LABE MEDIA is a leading Czech media group focused on web and mobile content that — after changing ownership in 2015 — needed tighter planning and consolidation across publishing, printing and distribution. The company sought better control of intercompany transactions, faster and higher‑quality budget forecasting, integration with its IT landscape, and a forecasting platform aligned with its digital‑first strategy.

VLTAVA implemented Oracle Cloud EPM Planning (Oracle Enterprise Planning and Budgeting Cloud Service) with implementation partner Sophia Solutions, connecting sales, printing, distribution and corporate finance. The solution halved quarterly budget preparation time (from 10 to 5 days), sped up group balance‑sheet consolidation by 50%, improved data quality and reconciliation, automated financial statements across units, and strengthened visibility of intercompany transactions to support growth and the shift to online publishing.

VLTAVA LABE MEDIA

Jiri Zadnik

Chief of Controlling