Kansas City and Missouri Energy Provider Chooses Emtec to Help it Optimize Oracle Hyperion and OBIEE

A full-service energy provider’s recent expansion left its planning and financial processes mired in consolidated spreadsheets with different data definitions and business objectives. The lack of automation made it difficult to analyze critical business indicators as well as meet SOX compliance requirements.

The energy provider’s current application architecture also made it difficult to analyze data across its multiple platforms in a timely and accurate fashion. It needed an integrated EPM system to enable such planning, analysis and reporting to better manage its business functions.

The energy provider selected Emtec because of its understanding of the complexities surrounding its unique business and technology design needs, along with its experience in all facets of EPM. Emtec implemented Oracle’s OBIEE, ESSBASE and Hyperion Planning, as well as Hyperion Financial Reporting and SmartView reporting and analysis apps.

Emtec also enabled the energy provider to better use the new systems to formulate a single system of truth for all its reporting needs. It helped the company develop an integrated set of performance metrics and processes to position it to manage the reporting on its own in the future.

The energy provider now has a fully integrated EPM system that serves as a single, centralized platform for budgeting, planning and forecasting, complete with workflow and a common set of reliable data. It uses this EPM platform along with the Oracle Hyperion Financial Management system to produce key financial reports and govern the entire financial close and planning processes.

As a result, the company has been able to migrate control of financial processes and reporting from its IT department to its financial organization so it can spend more time on analyzing important financial data than preparing it. The analytic capabilities also have enabled for more effective operations and profit management.