Seguros Alfa reduces budget consolidation times by 80% with Oracle Cloud EPM
The Colombian insurance company automates budget management and creates its own projection models with Oracle Cloud EPM.
Colombia | Financial Services
“Oracle EPM enabled us to consolidate our entire budget operation and automate it, resulting in reduced time spent on operational tasks while minimizing the risk of data errors or loss.”
The leading Colombian insurance company wanted a more robust and intelligent tool for projection and budget planning processes. It chose Oracle Fusion Cloud Enterprise Performance Management (EPM) for its security, flexibility, and breadth of capabilities. With Oracle Cloud EPM, Seguros Alfa can automate budget management and create its own projection models. As a result, the company can now consolidate budgets from all divisions and automate its payroll, reducing the time for budget consolidation by 80%. In addition, Seguros Alfa cut the time required to consolidate and prepare expense and project reports by 81%.