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Due to rapid business expansion and intensifying competition, JCH found that its legacy budget management system did not offer the sophisticated features necessary for detailed planning and in-depth analysis. It did not provide the high quality data needed for informed decision-making on strategic and operational matters. This resulted in poor budget control and spiraling costs. To address these issues, JCH engaged Oracle Certified Partner Beijing Noahark Consulting to implement a new budget management system based on Oracle's Hyperion Planning. The system integrates operating, capital, and investment budgets to improve the efficiency and accuracy of budget preparation.
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