inlumi blog

In December, Oracle announced that Management Reports, which was previously only available through Oracle Narrative Reporting Cloud, is going to be included in other Oracle EPM Platforms (Planning, Financial Consolidation and Close, Tax Reporting, and Free Form). It has now been confirmed that Oracle will be releasing it in the February release.

Magdalena is a Solution Architect who has been working at inlumi for seven years. Guillermo is a Senior Consultant and has been in the team for three years. Together, they worked on a major project to transform the finance function at Arendals Fossekompani (AFK). The project started out as an implementation of a consolidation solution, and eventually expanded to include a more holistic Performance Management solution which can support AFK into the future.

inlumi is excited to launch a new project with Tony’s Chocolonely to accelerate their Supply Planning with state-of-the-art Cloud Planning technology. Tony’s Chocolonely produces chocolate, with the aim to make all the world’s chocolate 100% slave free.

Organisations need to be continually on the lookout for potential threats arising from a competitive and ever-fluctuating market. By challenging your assumptions and planning for multiple scenarios, you will be better equipped to make informed decisions. What-if analysis in planning can enable you to evaluate potential future outcomes and to create an understanding of how different variables can affect your business goals. These variables can be anything from sales, cost of sales, personnel costs, margin, etc.

As organisations are increasingly in need of detailed financial reporting, financial processes have become more complex with greater pressure on process control. Several people may be involved in various business processes within the same organisation, making the processes extensive and difficult to follow.

The hybrid world is still a reality. Systems including Oracle EPM are transitioning to the Cloud, but for many, these are still residing on-premise and this may be the case for some time to come.

What role does EPM integration have in this space? How can we get data into EPM Cloud applications from on-premise data sources? What about extracting data from Cloud sources? Surely these and other questions have arisen in recent years during the implementation of integration solutions in your organisation.

Nordea, a Nordic financial services group and the largest bank in the Nordics, decided to re-domicile its headquarters from Sweden to Finland as of October 1st 2018. The move involved new regulatory requirements as the group moved from the Swedish jurisdiction to the Finnish one and under direct supervision of the European Central Bank (ECB) in the Banking Union.

In 2016, at Domino’s Pizza Netherlands, the use of Excel was reaching its limit. The consolidation of the budget and forecast took over a day to perform. The budgeting and forecasting processes were also not fully aligned across the entities with numerous exceptions.

Holmgrens Bil, one of Sweden’s largest car dealerships, suffered from lack of a complete planning and budgeting process, with a high amount of manual work and data prone to human error. They wanted to start working with a continuous planning process which can enable better insight on a regular basis. Ideally, this would be performed via a fully digital tool where all data is collected and integrated in one place.