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Financial Services

Financial services co.’s EPM platform in need of some TLC​

Context

A financial services business was preparing for a strategic exit from its ownership of a capital market company. During the discovery phase, the team identified significant challenges with an outdated EPM system that improperly combined historical actuals with planning and budgeting—going against best practices. These issues led to hours-long rule processing times, slow data population, and cumbersome reporting that relied heavily on manual Excel workarounds.​

Value Created

Modernized EPM architecture​
to eliminate performance bottlenecks and enable real-time reporting​
Improved forecast accuracy and efficiency​
through on-time delivery of a segregated FCC and PBCS environment​
Self-sufficient EPM operations​
to enable confident forecasting​

People

VALUE LEVERS

  1. Finance team enablement & independence​
  2. Cross-functional alignment

HOW WE DID IT

  • Conducted multiple cross-training and knowledge-transfer sessions with LPA’s new administrator, covering system maintenance, rule scripting, and troubleshooting, supported by recorded trainings for ongoing reference and onboarding​
  • Led collaborative design sessions with finance and IT teams to surface roadblocks, align on requirements, and ensure shared ownership of the new EPM design

Process

VALUE LEVERS

  1. Clear separation of actuals vs. planning​
  2. More accurate and efficient forecasting

HOW WE DID IT

  • Re-architected the EPM approach by separating the legacy system into FCC for actuals and PBCS for planning and forecasting, aligning with EPM best practices​
  • Implemented custom allocation rules in PBCS using FTE distributions and client-provided logic, enabling more precise departmental budgets and forecasts

Technology

VALUE LEVERS

  1. Performance and scalability improvements​
  2. Integrated, automated data flow

HOW WE DID IT

  • Replaced the single, outdated EPM application with modern Oracle FCC and PBCS applications, eliminating performance bottlenecks and enabling real-time reporting​
  • Configured FCC to feed actuals directly into PBCS, reducing manual workarounds and improving data consistency across close and forecasting cycles