Case Study: Rio Tinto achieves improved financial planning and reporting with Version 1's Oracle EPM upgrade

Rio Tinto upgrades EPM for 45,000 employees with Version 1

Rio Tinto's subsidiary, Pacific Aluminium, faced challenges with decentralized financial systems that hindered streamlined planning and consistent reporting. To address this, they engaged vendor Version 1 to upgrade their Enterprise Performance Management (EPM) platform, specifically Hyperion Planning and Hyperion Financial Management (HFM), and to redesign their budget and forecast processes.

Version 1 implemented the upgraded Oracle EPM platform, integrated planning applications across subsidiaries, and improved data loading processes. This provided Rio Tinto with a unified planning framework, resulting in enhanced financial planning, greater reporting accuracy, and improved operational efficiency across the global organization.

Rio Tinto