Case Study: Western Alliance Bancorp achieves robust profitability reporting and faster financial planning with Oracle Planning and Budgeting Cloud Service

Western Alliance Bancorporation Achieves Robust Profitability Reporting, Financial Planning, and Budgeting

Western Alliance Bancorporation, a rapidly growing business bank headquartered in Phoenix serving the Southwest, needed a way to evaluate profitability by business segment after consolidating three bank charters. The bank also required a flexible planning and budgeting solution that could scale with heavy M&A activity, meet new regional reporting requirements, and be deployed quickly to support strategic decision making.

Western Alliance implemented Oracle Planning and Budgeting Cloud Service (with partner Key Performance Ideas), rolling the solution out to 50 users in three months. The cloud-based system delivered clearer business-unit profitability and KPIs, improved planning and forecasting accuracy through broader staff participation, simplified data access with Smart View for Office, and sped M&A planning and post-acquisition integration (for example, the Bridge Bank acquisition), while reducing upfront costs and time to market for new lines of business.

Western Alliance Bancorp

Andrew Boucher

VP, Financial Planning And Analysis