Jotun A/S is one of the world’s leading producers of paints, coatings, and powder coatings. The group has 70 companies and 38 production facilities on all continents. Its total network of legal companies, agents, branch offices, and distributors encompasses more than 80 countries. Jotun’s operations cover developing, production, marketing, and sales of various paint systems and products to protect and decorate surfaces for the residential, shipping, and industrial markets.
To support growth and expansion to new countries, Jotun needed a standardized financial reporting process. It deployed Oracle Hyperion Financial Management and Oracle Hyperion Financial Data Quality Management to streamline processes and realized significant gains. Not only has the company made its processes more efficient and reduced errors, it also facilitated timely business intelligence (BI) reporting and strategic decision-making through the solution’s integration with its enterprise resource planning (ERP) system.