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Bochemie Group is a supranational group of several manufacturing and trading companies. Founded in 1995, the group does business in the Czech Republic, Slovakia, Poland, Bulgaria, Hungary, Romania, Turkey, and Vietnam. It is a major manufacturer of home care products and chemical specialties.
To efficiently consolidate the results of eight companies in seven countries, Bochemie Group needed a solution that would simplify the financial data collection process, automate and validate data importation, enable comparisons across monitored dimensions, cross-check modifications to historical data, ensure report standardization at the group level, and prepare reports that met International Financial Reporting Standards (IFRS). The group deployed Oracle Hyperion applications, creating a centralized financial reporting environment, which has saved time in procurement and product quality control, ensured centralized user authentication, and supported multiple currencies. The group can more easily generate reports and ad hoc analyses. Oracle Partner Neit Consulting implemented the Oracle Hyperion solution. The professionalism provided by the consultants was key to the successful implementation of Bochemie Group’s project.