Case Study: Wood modernizes financial planning and boosts efficiency with Oracle Cloud EPM

Wood modernizes financial planning with Oracle Cloud EPM

Wood, a global consulting and engineering company based in Aberdeen, Scotland, faced an upgrade challenge with its long-standing on-premises Hyperion planning system and a need to move away from manual spreadsheet-based processes. The environmental consulting business chose Oracle Cloud EPM to modernize financial planning and support growth across its energy transition and sustainable infrastructure work.

Oracle implemented Oracle Cloud EPM for Wood, first going live with the environmental consultancy team in three months and then extending it to two more business groups in 10 weeks. The results included a four-day shorter budgeting cycle, a 38% increase in users, standardized financial structures across teams, improved system performance with little downtime, greater planning flexibility, stronger data security, and reduced reliance on external consultants.

Wood

Julie Garner

Financial Reporting Manager