Optimizing the Oracle Account Reconciliation Process to Slash Monthly Close by 75%

BlogCase StudyAdvisory & TransformationOracle EPM
Updated on: May 10, 2024

Case Study Overview

A global restaurant company struggling with ineffective, disparate account reconciliation processes sought a solution to streamline its monthly close cycle. As a strategic partner, the SC&H Oracle EPM Solutions team helped the client optimize its existing Oracle Account Reconciliation application.

Through a collaborative, iterative implementation process, SC&H cut the average time needed to complete reconciliations by 75%, eliminated tedious manual reconciliations through automation, and simplified the change request process.

See How We Did It >

Key Outcomes:

  • Cut the average time needed to complete reconciliations by 75%
  • Saved 1-2 business days per monthly close by automating reconciliations
  • Completed 71% more reconciliations on time through a simplified reconciliation process
  • Increased accuracy and efficiency with a with a flexible, scalable system that allows for users to make changes easily and requires minimal ongoing maintenance

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