$ Multi Million/Year
Oracle Financials Cloud implementation
"United Green, a company which has its footprints across Renewable energy, Asset Management, Coffee, Commodities Trading to Venture Capital, was facing problems in capturing multi-currency transactions, intercompany transaction, generating balance sheet. There were many challenges related to cost and revenue budget system and securities or access controls. Birlasoft implemented Oracle Financials Cloud which helped United Green in standardizing and streamlining financial processes across all countries while bringing the required agility."
United Green is into diversified businesses ranging from Renewable energy, Asset Management, Coffee, Commodities Trading to Venture Capital. They have around 60 companies under the group with presence in Europe, Middle East & Far East. The company works with more than 250 suppliers, 300+ customers and 100+ bank accounts.
As United Green is spread across the globe at various locations, capturing multi-currency transactions was a big challenge. The other challenges faced by the company were:
United Green approached us to help them overcome the pain areas. After a thorough assessment of the United Green's disparate business processes across its various operations, Birlasoft recommended Oracle Financials Cloud implementation.
Using this solution, Birlasoft provided a platform that increased productivity and information access with native, real-time intelligence.
This also helped in effective reconciliation between General Ledger and Sub ledgers. A number of Birlasoft's proprietary tools were used to create effective intra company rules to cater cross entities transactions.
Birlasoft's perfect blend of in-depth industry expertise and technology knowledge helped United Green overcome their challenges and steer towards an integrated financial management solution. The benefits realized are: