Flying Tiger Copenhagen transforms financial consolidation of more than 800 stores, eliminates spreadsheets, and saves 10% of business controller's time with Oracle.
Flying Tiger Copenhagen (Zebra A/S) is a rapidly expanding variety retailer in Denmark, operating more than 800 stores in 30 countries across Europe, Asia, and the United States. In 2016 the company opened more than three stores every week on average. Flying Tiger Copenhagen also launches up to 300 new products every month including home, toys, hobby, party, snacks, electronics, gadgets, fashion accessories, and more.
Until recently, the markets reported their financial numbers via spreadsheets for consolidation at headquarters as input to planning and forecasting, processed in Oracle’s Hyperion Financial Management system. But Flying Tiger Copenhagen found spreadsheets time consuming and error-prone and looked for a cloud solution to facilitate budgeting and forecasting.
By using Oracle Planning and Budgeting Cloud Service we have a much more powerful forecast and budget process. Down the line, we will extend usage to other departments. We’re just at the beginning of our journey.
Head of Treasury, Reporting & Analysis, Flying Tiger Copenhagen (Zebra A/S)
“Having chosen Oracle Hyperion Financial Management and Oracle Essbase three years ago, we naturally looked for an Oracle Cloud application to integrate easily into our ERP and EPM systems. Oracle was a natural extension to our existing planning and budgeting platform.”
—Christian Schledermann, Head of Treasury, Reporting & Analysis, Flying Tiger Copenhagen (Zebra A/S)
After a pilot of half a year testing Oracle Planning and Budgeting Cloud Service with users in a handful of countries—all of whom have expressed positive feedback—Flying Tiger Copenhagen decided on a full deployment. Prior to roll-out, the company tested and completed automatic data loading to ensure integration to the on-premises Oracle Hyperion Financial Management solution. The markets were trained through web walk-through and Q&A sessions supported by how-to videos and online tutorials. Since go-live, there have been no hitches and the company’s budget and forecast process is now carried out through Oracle Planning and Budgeting Cloud Service.