Dell Computadores do Brasil Achieves Financial Close Cycle in Four Days Less Than Industry Average
 
 

Dell Computadores do Brasil Achieves Financial Close Cycle in Four Days Less Than Industry Average

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Dell Computadores do Brasil, which began operations in that country in 1999, sells high-technology equipment directly to home users, companies of all sizes, and the Brazilian government. As a global company, Dell delivers IT solutions, including hardware, software, and services. It was founded by Michael Dell in 1984 and has grown to 105,000 employees worldwide with a US$61.5 million annual revenue. Dell chose Brazil as the location for its first Latin American factory and first software development center outside the United States.

To accelerate and standardize month-end accounting and better monitor cash flow, Dell Inc. implemented Oracle Hyperion Financial Management and the Oracle Hyperion Planning solutions in the United States. Its global subsidiaries are now adopting the applications through remote access. Dell Computadores do Brasil has already adopted the tools and realized benefits by automating the financial department’s daily tasks, which shortened the financial close cycle and produced more realistic technology sales forecasting targets.

 
 

 
 

Challenges

A word from Dell Computadores do Brasil

  • "The combination of Oracle Hyperion Financial Management and Oracle Hyperion Planning supports Dell’s global accounting planning, monitoring, and control. As a result, we can now disclose our financial results to the stock markets four days after the month’s end—five days faster than the market average." – Mario Ferreira, IT Manager, Dell Computadores do Brasil

  • Include the Brazilian subsidiary in the hardware, software, and IT service provider’s worldwide financial system consolidation
  • Speed up accounting processes to quickly disclose results to the financial markets
  • Reinforce the strategy of keeping global corporate applications centralized in the United States

Solutions

Oracle Product and Services

  • Adopted a financial solution using Oracle Hyperion Financial Management, which was made available by the U.S. headquarters, enabling the standardization, integration, and streamlining Dell’s of accounting close processes around the world, while also benefiting financial and accounting departments in Brazil
  • Reduced the worldwide financial close cycle from 12 days after the last day of the month to 4 days, allowing release of accounting results to stock markets, 1 day faster than the market average of 5 days
  • Replaced decentralized, manually-prepared spreadsheets with an automated tool that calculates revenue forecasts, margins, units sold, and other indicators in Brazil as well as the more than 80 countries where the company operates, achieving a more uniformed visualization of the business as a whole
  • Obtained more accurate spending data and high-technology equipment sales targets through the Hyperion solution, enabling the company to be more assertive in forecasting, and ensuring better cash flow monitoring
  • Strengthened the company’s integrated global management strategy, thereby avoiding regionally-focused applications by ensuring all company’s applications are global

Partner

“AdvancedIT provided IT professionals with expertise in Oracle technologies who complement our internal team’s skills and enable us to speed up project development,” said Mario Ferreira, IT Manager, Dell