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Welcome to the Strafford Blog

Modernize Finance Operations Using Oracle PBCS - A Case Study

Posted by Pam Gazley

May 3, 2018 9:42:00 AM

TNSi Modernizes Operations with Oracle PBCS

To keep up with their growing business, Transaction Network Services Inc. (TNSi) needed to handspring away from Excel gymnastics and find a cloud-based solution that would allow them to make swift and accurate decisions. They turned to Strafford to help find and implement a new, robust planning and budgeting solution. Strafford recommended Oracle PBCS.

CHALLENGE
Outdated finance solution with a heavy, costly reliance on 3rd party services, and heavy reliance on Excel spreadsheets.

TECHNOLOGY
Oracle PBCS

SOLUTION
Strafford modernized TNSi's existing budgeting and forecasting processes by recommending and migrating them to the Oracle Cloud - Oracle PBCS.

Full Case Study >>

By replacing TNSi's existing finance applications with Oracle Planning and Budgeting Cloud Service (Oracle PBCS), they would be able to modernize finance operations and seamlessly integrate data from multiple data sources.

Strafford’s team of finance-focused consultants completed a comprehensive review of existing and expected system requirements in order to create an implementation roadmap that would align with TNSi’s aggressive three-month timeline. After taking charge of design, build, project management, and end-user training, the project came in on-time and well under budget

"We have definitely seen a positive ROI from this project in terms of the hours that we have saved alone. The team is able to act much more efficiently and enter budget data directly into the system, rather than having to wait for admin to do it."
~ Stewart, VP of Financial Planning and Analysis, TNSi

With the new automated and easy-to-use budgeting and forecasting cloud set up, the finance team has experienced significant time savings during planning and reporting cycles, and they are able to calculate and input budget information much more efficiently.

Not only that, but due to the comprehensive training and on-going support from Strafford, the TNSi finance team is no longer reliant on third party services to make reporting changes or manage their environment.

Just some of the results TNSi has seen migrating to Oracle PBCS:

  • Improved Application Performance
  • Reduced Reliance on 3rd Party Services
  • Better Planning, Budgeting and Reporting Processes
  • Ability to Scale and Grow With Their Business
  • Increased Team Collaboration

Read the full Strafford case study >>

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Topics: Budgeting and Forecasting, Oracle PBCS, Case Studies, Oracle Products