PUMA AG Consolidates Financial Reporting Across 80 Systems With Efficient Financial Management Platform

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Executive Summary

PUMA AG wanted to consolidate data from 80 subsidiary systems as rapidly and cost-effectively as possible and enable centralized internal and external reporting in compliance with legal industry requirements, including the International Financial Reporting Standards. The challenge was to implement an efficient management information system to consolidate financial data and statements across the business and improve financial decision making and reduce IT management costs by consolidating financial data from 80 subsidiary systems. PUMA AG worked with Oracle Consulting to implement Oracle's Hyperion Financial Management for greater analytical insight across all 80 subsidiary systems as well as ensured compliance with the IFRS for all consolidated financial systems and applications.

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