Savills plc Accelerates Financial Reporting and Gains Greater Insight into Performance Metrics
 
 

Savills plc Accelerates Financial Reporting and Gains Greater Insight into Performance Metrics

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Savills plc is a global real estate services provider listed on the London stock exchange. It offers transactional advice, property management, consultancy, and asset management services to investors, owners, and occupiers through an international network of more than 200 offices and associates. The company was ranked the property industry’s number one employer by The Times in 2007, 2008, and 2009, and has been ranked the best Business Superbrand in the real estate sector by the Centre for Brand Analysis.

 
 

 
 

Challenges

A word from Savills plc

  • “Our previous system could not keep up with the growing complexity of our business. Oracle Hyperion Financial Management and Oracle Hyperion Financial Data Quality Management enable us to produce financial reports in a fraction of the time. And with quicker and easier analysis of performance and global real estate trends, we can forecast with far more accuracy.” – Steve Brooks, Chief Information Officer, Savills plc

  • Replace existing spreadsheet-based system for consolidating financial data from pan-European real estate agencies with a solution that meets demands as the organization grows increasingly complex
  • Consolidate and centralize statutory and management reporting and compliance across four European operating divisions
  • Accelerate reporting times in the central finance department by eliminating time-consuming manual consolidation processes
  • Gain greater insight into the performance of 1,200 real estate agencies and other business units
  • Improve forecasting accuracy by anticipating global real estate trends

Solutions

Oracle Product and Services

  • Worked with Oracle Partner PureApps using their Hyperion Financial Services Accelerate solution (Oracle Accelerate for Midsize Companies) to streamline consolidation and reporting processes for the financial results of the company’s real estate sales and management services  
  • Reduced the time needed to produce year-end reports from 7 days to 1.5 days by automating the reporting process and eliminating the need for manual data checking
  • Enabled publication of month-end reports two days earlier, and year-end reports one week earlier, with increased control of financial data management
  • Provided faster and easier analysis of the performance of agencies operating in diverse real estate markets with Oracle’s advanced performance metrics, enabling identification of new profitability sources
  • Improved forecasting by enabling rapid analysis of emerging real estate trends across multiple markets, based on more accurate information provided by the robust data integration of Oracle Hyperion Financial Management
  • Cut audit costs by ensuring data integrity with Oracle Hyperion Financial Data Quality Management

Partner

Oracle Platinum Partner and Oracle Applications Specialist Partner of the Year 2011, PureApps specializes in providing end-to-end Performance Management solutions and services, including software selection, license procurement, implementation services and ongoing support, all based around Oracle Hyperion products.

PureApps have recently become the only Platinum Partner in the UK to be specialized across all Hyperion Applications, including Hyperion Financial Management, Oracle Essbase, Hyperion Planning and Oracle Business Intelligence, as well becoming an Accelerate Partner for Hyperion Financial Management.

Savills plc chose PureApps as its implementation partner due to PureApps extensive knowledge and experience of Oracle Hyperion implementations, with more than 100 successful projects in the last six years.

“This project was an extension of our strong relationship with PureApps. We knew we could rely on PureApps to ensure a smooth implementation that came in on time and under budget.” – Steve Brooks, Chief Information Officer, Savills plc