Aditya Birla Nuvo Ltd. (ABNL) is a diverse conglomerate and part of the Aditya Birla Group—a multinational, Indian company operating in 36 countries across six continents. After starting as a manufacturing group called Indian Rayon Corporation in 1963, the company has diversified its interests into various sectors, including financial services, telecom, fashion and lifestyle, IT and IT enabled services, textiles, rayon and chemical, insulators and fertilizer. Today ABNL touches the lives of 130 million Indians through its 50 business units or subsidiaries and joint ventures.
ABNL only considered Oracle Hyperion Financial Management as the company had positive experiences with Oracle Hyperion Enterprise and Oracle Essbase for the last 10 years. The new features and tools within Oracle Hyperion Financial Management also met all of ABNL’s business requirements.
“We chose Oracle because we have been using Hyperion for years, and it makes sense to partner with a vendor we know and trust. Oracle Hyperion Financial Management’s new functionality enabled us to decrease subsidiary financial data consolidation cycle time and meet statutory requirements. It was a perfect fit for us,” said Mahendra Bhandari, assistant vice president, Aditya Birla Nuvo Ltd.
ABNL completed the upgrade to Oracle Hyperion Financial Management in multiple stages, including consolidation of management information and the cost audit as well as integration with other enterprise applications.
“Setting clear milestones and implementation stages as well as ensuring thorough training were important priorities in our implementation process. We are a true conglomerate with diversified products and lines of business, so it was critical to ensure a smooth transition to subsidiary consolidation,” Bhandari said.
Aditya Birla Group IT team worked with Oracle partner Deloitte Consulting LLP for every stage of the upgrade project to Oracle Hyperion Financial Management, including consolidation and system integration. ABNL continued to use Deloitte as its support partner after implementation.
“We were very happy with Deloitte as it provided additional resources to ensure that our upgrade was completed on time. It enabled us to realize the benefits for Oracle Hyperion Financial Management even faster,” Bhandari said.