The True Power of Oracle’s Enterprise Planning Suite Unleashed at POET: A Case Study

Enterprise Planning and Budgeting Cloud Service“If you are going to change the world, you need a system to help get you there. For us, it was… about strategic opportunities. POET was at a crossroads. We needed a system that we could grow with and that could grow with us.”
Lezlee Herdina, Director of FP&A, POET

A privately held corporation headquartered Sioux Falls, South Dakota, POET LLC is a U.S. biofuel company that specializes in the creation of bioethanol. The 1,900-employee company produces 1.8 billion gallons of ethanol annually and has been granted 90 patents in the U.S. and abroad.

In this webinar, Edgewater Ranzal’s Managing Director and HSF Practice Director Ryan Meester speaks with Lezlee Herdina, POET’s Director of FP&A, to give us a behind-the-scenes look into POET’s Enterprise Planning Solution journey, from realizing that significant change was needed to an extensive evaluation process to the ultimate solution and, finally, to the company’s enduring vision going forward.

The Right Tool for the Right Job (RTRJ)

While Lezlee and the POET team were open to the insights and recommendations generated by their Ranzal analysts, they also had some specific goals in mind from the outset:

  • Provide seamless integration of financial and operational data
  • Create a platform for process improvement, including implementing greater automation in monthly processes improving efficiency and increasing time for value-add analysis
  • Achieve better communication, including ease of reporting
  • Reduce reliance on Excel models and associated version control issues
  • Improve data governance, with clarity of data model with common definitions to facilitate planning and reporting processes
  • Integrate operational and financial dashboards for performance measurement
  • Use of scenario analysis to drive M&A and strategic business decisions
  • Increase emphasis on cash perspective
  • Understanding when to use SmartView, Financial Reports, and Oracle Business Intelligence Enterprise Edition (OBIEE), as well as take full advantage of the strengths of each of the Reporting Tools
  • Keep it simple, and trust in the higher level nature of HSF
  • Recognize the important nature of the user experience
  • Ensure that data integrations are seamless for the end-user

To learn more about the POET team’s initial ongoing business challenges, the lessons learned, and the ultimate results, view a recording of True Power of Oracle’s Enterprise Planning Suite Unleashed at POETwebinar.

To learn more about our Enterprise Planning solutions, visit www.ranz.al/epbcs-webinars

Missed the webinar? View Recording Here.

Automating Enterprise Planning with EPBCS: A Case Study Featuring Sims Metal Management

Enterprise Planning and Budgeting Cloud ServiceIn using Enterprise Planning & Budgeting Cloud Service (EPBCS) to support annual budgeting and forecasting processes, organizations are choosing solutions that allow them to leverage the financials, projects, capital and workforce business processes necessary to provide a driver-based solution that links expected intake to revenues and costs. In turn, they are able to more efficiently produce integrated income statements, balance sheets and cash flow statements.

Featuring Jim Clark of Sims Metal Management, Our Special Guest

 Our August 16, 2017 webinar, featuring Jim Clark, Group Manager of FP&A at Sims Metal Management, takes a detailed look at how one organization automated enterprise planning to streamline processes and produce better results.

Within a real-world scenario, this means that whether using EPBCS out of the box or as a “hybrid” of OOTB with customized extensions, companies like Sims are able to adjust sales forecasts—throughout the year and through sales cycles—to better match the actual costs and needs in areas such as raw materials and labor.

A Better Approach To Performance Management

Using this integrated approach to Performance Management, companies are, in effect, bringing actual performance numbers, on a monthly basis, into their models.

As a result, changes and adjustments can be fine-tuned and incorporated into the mix.  Forecasts can be based more on actual numbers and less on assumptions, thus leading to a balance sheet that matches projections. From a planning perspective, companies can be more nimble and, ultimately, create their models with greater accuracy.

Whether you are participating live or via a recording, this webinar will illustrate how organizations like Sims are leveraging EPBCS in ways that allow them to: 

  • Gain insight to increase efficiency and improve outcomes
  • Better understand how organizations like yours can make standardization and centralization a top priority
  • See how an integrated solution works not just in theory, but actually in practice
  • Follow the processes to results that include improved accuracy and increased efficiency across the enterprise

For More Information

No matter where your team or your organization is along your EPBCS journey, this webinar is certain to provide you with valuable insight and context that can help you to implement changes that lead to greater efficiency and a more streamlined forecasting process overall.

Register for our “Automating Enterprise Planning with EPBCS: A Case Study Featuring Sims Metal Management ” webinar:

Missed the webinar? View Recording Here.