Ferromatik Milacron Reduces Administration and Process Costs Through Application Consolidation

Ferromatik Milacron Maschinenbau GmbH wanted to standardize critical business processes, while retaining the maximum degree of flexibility for the subsidiaries and comply with accounting standards and regulations, including Sarbanes-Oxley, for countries in which the company operates. The challenge was to accelerate the production of financial reports and consolidate financial data across the entire group to gain a more accurate and up-to-date picture of the company's financial position and identify a strategic enterprise application suite that the company can implement worldwide to optimize core processes. Ferromatik Milacron Maschinenbau worked with Oracle Partner axelion to implement JD Edwards EnterpriseOne applications to create a unified accounting and financial reporting system across the group and reduced time required to create financial reports to just a few days.