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Gruppo Biesse S.p.A. Increases Efficiency and Reliability for Statutory and Administrative Accounting

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Executive Summary

Gruppo Biesse S.p.A. wanted to implement an information system tool to collect and process accounting data for management purposes and for compliance with new corporate governance regulations and other statutes, such as IAS and EU 4th Directive balance sheets and automate reconciliation of accounts receivable in standard consolidated financial reports and develop a tracking process for financial closure. Gruppo Biesse S.p.A. worked with SDG Consulting to implement Oracle's Hyperion Financial Management, enabling 90 management reports in just a few minutes with improved analysis detail and quality and reduced financial closing time from five days to two days.

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