Lucy Group had been using Oracle Hyperion Enterprise for financial consolidations, budgeting, planning and reporting. Because Lucy Group manufactures and sells across several overseas locations, the organization experiences many of the common complications of very large enterprises. Analyzing data across multiple GL and ERP applications including Dynamics AX, Sage, and more, Lucy Group was relying on a web of several point solutions across each of their four business units. The finance organization was challenged with manually integrating all this data.
After ten years of using Hyperion Enterprise, Lucy Group had enough of the product limitations and lack of visibility into the financial breakdown of business segments. Individual product groups and cost centers were being wedged into larger entity and account structures. They simply could not keep up with management demands for greater insights into financial data in an efficient, accurate, and timely manner. Lucy Group thought about the future of their business, and the need to implement solutions that would help them become a more efficient finance organization for the years to come.