Victoria Group AD is one of the largest agro-industrial manufacturers of food products, animal feed, extruded fish food, veterinary products, and mineral fertilizers in Serbia and central and eastern Europe. The group has grown from five companies in 2005 to a conglomerate of 11 companies in 2012, through corporate acquisitions.
Victoria Group AD wanted a consolidated reporting environment for its 11 operating businesses in eastern Europe to facilitate compliance with financial reporting mandates and improve insight for upper-level management. The company deployed Oracle Essbase to create a unified reporting platform, and this reduced financial reporting time after each period close from seven days to just two. Key decision-makers now benefit from daily dashboards that provide them with an integrated, high-level performance overview in five minutes. At a more granular level, business line managers, regional directors, sales managers, and product teams enjoy self-service, drill-down access to the specific information they need to unlock new insights that support better business planning. The company is also implementing Oracle Hyperion Planning to build a cross-functional, automated, and centralized platform to consolidate planning and budgeting activities for all companies under the Victoria Group AD conglomerate.
The company chose Oracle Essbase for its superior capability in meeting the needs of an expanding organization, with many operating businesses, multiple currencies, and a growing portfolio of products in several market sectors.
“Oracle Essbase meets the needs of our innovative, progressive business model, while remaining easy to use,” said Vesna Petrović, controlling and project manager, Victoria Group AD. The advanced simulation capabilities enable us to respond and adjust our business in line with changes in the dynamic consumer goods sector. Additionally, the modular nature of Oracle Hyperion Planning means we can include additional planning and budgeting functionalities incrementally, as we need them.”
Oracle Partner Combis d.o.o. assisted with the Oracle Essbase implementation over a five-month period, managing every stage of the project. Combis d.o.o. worked closely with the Oracle presales team to gain a thorough understanding of Victoria Group AD’s requirements before implementation to ensure a successful roll out. Following the Oracle Essbase implementation, Combis d.o.o. worked with Victoria Group AD to implement Oracle Hyperion Planning across the enterprise.
“Combis d.o.o. managed every stage of the Oracle Essbase implemenation, from gap analysis and scope definition, to solution installation, configuration, and user training,” said Marko Mitić, IT director, Victoria Group AD. “It also helped us build and configure management dashboards and simulation models to improve insight into business lines. Its expertise helped us realize the value of Oracle Essbase to the fullest potential.”