Nykredit, a leading financial services company in Denmark, has been using Oracle EPM on-premise for several years. Nykredit needed to upgrade their software to stay aligned with Oracle’s software version recommendations, and there was a demand within the organisation for new features to review the processes for maintaining the solution.
As Nykredit works with integrated financial consolidation, budgeting, reporting and master data management, an improved process was needed. While the earlier version has been supporting the organisation effectively, new features and functions would further streamline these processes and enable better insights into the data.
The hardware that was hosting the environment was outdated and needed to be replaced. There was also a need to streamline and optimise the governance model.