Interserve Plc, one of the world’s foremost support services and construction companies, operates in the public and private sectors of the United Kingdom and internationally. The company was honored with two British Quality Foundation 2012 Awards for its design, construction, equipment, and facilities management services.
Interserve used Oracle Hyperion Financial Management to streamline financial consolidation and reporting across 50 businesses, 15 currencies, 12 enterprise resource planning (ERP) systems, and multiple disparate data sources. Regional operating units closed their books 80% faster and Interserve completed its global close in two days. The company boosted finance team productivity with Oracle Hyperion’s intuitive, self-service functionality, which minimized the need for IT team input to create new reports and add new dimensions for interrogating data. Interserve recently upgraded to Oracle Hyperion Financial Management Release 18.104.22.168 to benefit from improved functionality. The company also increased deployment flexibility and cut costs by switching to a virtualized environment.
"Oracle Hyperion Financial Management is engineered around financial users,” said Chris Watson, accounting systems manager, Interserve Plc. " It gives us the data we need in the right level of detail and drives a common reporting language and set of KPIs throughout a diverse, complex, multinational business. Its finance-team-centric functionality reduces cost by minimizing the need for IT-team input."
Oracle Platinum Partner Concentric Solutions managed the testing, data migration, and upgrade to Oracle Hyperion Financial Management Release 22.214.171.124. The upgrade took place over a weekend with no disruption to users. Concentric Solutions also provides ongoing consultancy and support and hosts round-table events at which its customers share knowledge and experiences of the Oracle Hyperion suite of solutions.
"Concentric Solutions’ unrivalled knowledge of Oracle Hyperion and in-depth understanding of the reporting needs of a complex multinational organization provided us with a seamless upgrade,” said Chris Watson, accounting systems manager, Interserve Plc. " Their expertise will help us exploit the full functionality of Oracle Hyperion Financial Management Release 126.96.36.199."