Iochpe-Maxion S.A. was founded in 1918, as a logging company in the state of Rio Grande do Sul. Over the years, the company diversified its activities into the financial sector and later into the industrial industry. In the 1990s, the company focused it activities on auto parts and railway equipment, transferring its assets and operations that did not belong to these sectors. In 1998, it began to restructure its operations and define its business portfolio.
In 2009, the company acquired the ArvinMeritor wheel business in Brazil, Mexico and the United States, forming the Fumagalli Division. In 2012, Iochpe Maxion finished its acquisition of Galaz Group, a Mexican manufacturer of steel and aluminum automotive wheels for light and heavy commercial vehicles.
To implement Oracle Hyperion Financial Management Plus and Oracle Hyperion Financial Data Quality Management, Iochpe-Maxion needed to integrate the system with various corporate management systems already in use, marking the beginning of a new financial-accounting model for the organization.
“The Oracle implementation occurred as Iochpe-Maxion was acquiring two new companies, reassessing existing and incorporating new business processes. We believe that Oracle Hyperion’s flexibility was a very important factor in enabling the process to unfold according to plan,” said Adriano Santos, corporate controller, Iochpe-Maxion S.A.
“The CIS Corporate staff was highly trained and succeeded in meeting our Oracle Hyperion implementation needs, which helped us to automate and standardize several financial and accounting processes,” said Santos.