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Fugro Norway AS

Oracle Customer Success

Fugro Norway simplifies planning and budgeting processes

Summary

With Oracle Cloud EPM, the company saves time, reduces risk and uncertainty, and improves decision-making.

Business challenges

Customize all financial planning and budgeting activities to the company’s considerably smaller and leaner structure after the sale of a large division

Create a new effective and lean IT infrastructure that can be managed by an IT team whose resources decreased by 50% in connection with the new corporate structure

Streamline the management of complex planning and budgeting processes associated with the company's highly specialized operations

Improve the exchange of financial information with regional offices, and meet rising global demands on planning and budgeting

Enhance the basis for business decisions and save time by improving financial reporting and analyses, and reduce risk of errors

We operate in a highly specialized industry with complex financial planning and budgeting needs. Oracle had the necessary functionality, and its availability as a cloud service was ideal for our company's reduced IT staff.

— Arve Lygre, Finance Director, Fugro Norway AS

Results

Introduced Oracle Planning and Budgeting Cloud Service and successfully customized financial planning and budgeting activities to the company’s smaller and leaner structure with considerably fewer users than before, and enabled significantly better insight into all parts of the organization

Used Oracle Planning and Budgeting Cloud Service as a new efficient IT environment that can easily be handled by the company's reduced IT staff who no longer have responsibility for operation, maintenance, and updates of any servers, and instead can focus on creating added value for the company

Streamlined management of complex planning and budgeting processes, such as detailed calculations for geotechnical designs under difficult conditions, onshore, nearshore and offshore, saving significant time and costs

Introduced new functions and features to meet rising global demands for planning and budgeting—for example, managing different currencies on the same accounts—and improved communication and exchange of financial information with the parent company in the Netherlands

Improved control of the company's business and the basis for business decisions using new functions in the solution, while saving time and reducing uncertainty and risk of errors

Partners

Oracle Platinum Partner Affecto Norge AS helped Fugro to prepare for the migration to Oracle Planning and Budgeting Cloud Service. The migration was performed smoothly in a few days by Affecto in collaboration with Oracle Norway. ”It was a great advantage that there is a separate test environment as a supplement to the production environment of the cloud solution. It helped Affecto to perform an excellent job,” said Arve Lygre at Fugro Norway.

Our parent company in the Netherlands already had great experience with Oracle Hyperion Financial Management. In Norway we had good experience with Oracle Hyperion Planning on own servers. That combined with the functionality and features Oracle Planning and Budgeting Cloud Service brought to the table made the difference.

— Arve Lygre, Finance Director, Fugro Norway AS

Published: January 1, 2018