This Automotive Retailer is a North American multi-location automotive retailer group currently operating 69 franchised dealerships, selling several brands, in Canada, as well as a group in Illinois, USA.
The Automotive Retailer had experienced strong growth in their business over several years, including several acquisitions, which resulted in challenges for their financial reporting and consolidation tool in the areas of performance, data accessibility and application stability due to the increased organization size. It was also dealing with manual intensive Finance business processes and realized they needed to find a way to automate and optimize these processes to keep up with the continued growth and change.
The Automotive Retailer selected Oracle’s ERP and EPM suite of tools to enhance the capabilities of their financial close process and optimize their finance & accounting transaction processes. It partnered with Cloudworks to support them through the end-to-end implementation. Leveraging multiple applications within the EPM product suite, Cloudworks designed and configured a scalable, integrated solution enabling the Retailer team to execute their consolidation, close and reporting processes combining data for over 100 different store entities in a decentralized chart of account environment.
In addition, it also levered Oracle ERP Cloud to incorporate best practices across the Record to Report, Payables, Receivables, Intercompany and Reconciliation process areas. This was achieved through automating several interfaces, implementing Automated Invoice Processing, and leveraging the robust reporting capabilities in Oracle Cloud.