Movesa optimizes financial planning with Oracle Cloud EPM

Using Oracle Cloud EPM, the Scania truck resale and maintenance service increases data security while gaining flexibility to make projections.

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Movesa provides Scania truck resale and maintenance services in Northeast Brazil, with more than 16 branches spread throughout the region. Planning processes in the company’s finance department were strongly dependent on spreadsheets, which delayed financial closings, limited complex scenario planning and forecasting, and raised concerns over data quality, integrity, and security. After reviewing several financial planning systems, the company chose Oracle Fusion Cloud Enterprise Performance Management (EPM) based on its robust capabilities and competitive cost. The implementation of Oracle Cloud EPM helped Movesa automate financial planning processes and make more accurate projections to support its growth. The company also gained the ability to deliver financial closing and management reports by the fifth business day of the subsequent month, a process that previously required 10 working days.

Published:April 4, 2024