TNSi Modernizes Finance with Oracle PBCS

Modernizing Planning and Budgeting with Oracle PBCS Allows TNSi to Autonomously Own and Operate Their Finance Solution

Transaction Network Services Inc. (TNSi) delivers managed communications solutions to thousands of companies worldwide in the retail, banking, financial and telecommunications industries. To keep up with its growing, prestigious global client base, TNSi needed to modernize finance and implement a robust financial solution that would get them away from Excel gymnastics and give them a cloud-based solution that would make swift and accurate decision making possible.

Strafford was selected to help TNSi find and implement a better planning and budgeting solution that would fit their needs. After assessing requirements, Strafford built a technology roadmap that included Oracle Planning and Budgeting Cloud Service (Oracle PBCS). By implementing Oracle PBCS, and optimizing their operational infrastructure, TNSi now benefits from improved application performance, accelerated budgeting and forecasting cycles, reduced reliance on Excel, and continuous team collaboration.

"I was very impressed that Strafford was not only able to meet our very aggressive deadline, but they also came in way under budget – we had hours left over!

~ Stewart, VP, Financial Planning and Analysis

Challenge

Due to tremendous growth, TNSi looked to replace an outdated finance solution and to eliminate reliance on costly 3rd party services.

Solution

Modernized existing finance solution by moving to a new finance cloud - Oracle PBCS. Oracle Planning and Budgeting Cloud Service would allow the TNSi to meet both their short-term and long-term financial goals, while allowing for expansion should their needs change in the future.

"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, Financial Planning and Analysis

Results

Once Strafford handled the implementation of Oracle PBCS and completed training for 120 users within the aggressive three-month deadline, TNSi now has an improved financial process and a streamlined reporting platform that allows for more efficient budgeting and forecasting. What's more, it's given the finance team the ability to autonomously own and operate the environment which has resulted in:

  • Application Performance Improvements
  • Zero Reliance On 3rd Party Services
  • Better Planning, Budgeting and Analysis
  • Continuous Team Collaboration
  • Ability to Scale and Grow with the Business

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