Banking

Innovative Management Consulting Centralizes Data and Reduces Monthly Financial Closing Times by 500%

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Executive Summary

Innovative Management Consulting wanted to implement a new IT system to optimize information control throughout the company, reducing workflow times and maximizing equipment potential - quickly and within budget and eliminate finance data duplication and reprocessing by creating a centralized databank. The challenge was to maintain an internal structure that will scale with the company?s growth rate in number of clients, projects, and earnings. Innovative Management Consulting implemented Oracle Business Accelerators to reduce the project implementation time by 50% - from six to three months and gained a 60% savings in total labor costs via Oracle E-Business Suite, as the application streamlined the company?s internal processes.

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