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ENKA Insaat ve Sanayi A.S. Reduces Financial Reporting Cycle Times by More Than 50%

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Executive Summary

ENKA ?n?aat ve Sanayi A.?. wanted to reduce reporting cycle times of the group's 30 companies and 40 branches and construction sites - a previously manual task that took more than a month from the receipt of data to the generation of final reports and deliver a single version of reliable and trustworthy financial data since subsidiaries' account information often did not tally with subtotals, making it very cumbersome to break down and analyze the results. ENKA ?n?aat ve Sanayi A.?. used Oracle Hyperion Financial Management as the corporate-level financial data standard and consolidation of subsidiaries' accounting charts, generating financial information expeditiously and correctly.

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