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Shaoguan Iron and Steel Group wanted to implement a centralized budget management system to improve efficiency and shorten the budget cycle and integrate the budget management system with the enterprise resource planning system to leverage business data. The challenge was to eliminate manual information collection processes and ensure managers receive accurate and timely data for decision making and enable staff to analyze projected versus actual costs to improve the accuracy of future budget planning. Shaoguan Iron and Steel Group engaged Oracle Certified Advantage Partner HAND Enterprise Solution to implement Oracle's Hyperion Planning and cut the budgeting cycle by five days by minimizing manual work and automating workflows.
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