Sabemi automates processes and improves data analysis with Oracle Cloud ERP
The insurance company speeds up budget preparation and reduces the use of spreadsheets by up to 90% using Oracle Cloud ERP.
Brazil | Professional Services
“ With Oracle Cloud EPM Planning, the preparation time of management data was reduced, and this brings much more analytical capacity to our area. Previously, the team spent a lot of time building reports, and now these are generated much more quickly. And our financial closing is now completed in just a few hours, whereas previously, it took up to a week.”
Founded in 1973, Sabemi Group provides loans, insurance, and financial advisory services in Brazil. As part of a back-office digital transformation project, Sabemi executives wanted to significantly reduce the company’s dependence on spreadsheets to prepare the budget. With this goal in mind, the company looked for cloud native solutions that could automate its operations and also adapt to its business model. Ultimately, Sabemi decided to implement Oracle Fusion Cloud Enterprise Resource Planning (ERP), as the system not only met its automation needs but also came at a price that would fit its budget. Using Oracle Planning and Budgeting Cloud Service, the company can now complete its management balance sheet in just a few hours, and the finance team’s reliance on spreadsheets dropped by about 90%. This improved Sabemi's management accounting area, which could more easily visualize essential performance indicators for decision making. Another benefit is that Oracle Planning and Budgeting helped different areas of the company to assume their share of budget responsibility, creating greater commitment to what was planned and launched.