Success Story | NEMA Holding

Enhancing Financial Reporting for Nema Holding with Oracle FCCS

About NEMA Holding

Nema Holding is established in 2003, It has emerged as a prominent player in the education and training management sector, showcasing consistent growth and expansion. The company is committed to ongoing enhancements in its offerings to cater to the evolving needs of students and learners. NEMA Holding oversees a robust portfolio that encompasses the UAE's inaugural accredited private higher education institutions (LCT and KIC), the country's largest private university (ADU), advanced training entities (KG and KTS), and a cutting-edge facilities management company (Fortune Properties).

Company

NEMA Holding

Location

United Arab Emirates

Industry

Education

Azdan Solution

Oracle Enterprise Performance Management

Employees

11-50 Employees

NEMA Holding Website

Transform your business like NEMA Holding and sign up for free demo today

Business Situation

Before implementing Oracle EPM and FCCS, Nema Holding faced challenges in financial consolidation marked by manual processes, inefficiencies, and a lack of real-time insights. The absence of a unified platform hindered data accuracy and transparency, impacting decision-making. Recognizing the need for a transformative solution, Nema Holding adopted Oracle EPM and FCCS to streamline financial processes, enhance data visibility, and achieve a more agile and efficient approach to financial consolidation.

Solution

The solution for Nema Holding's financial consolidation challenges involves implementing Oracle EPM and FCCS. This transformative solution automates manual processes, eliminates inefficiencies, and provides real-time insights. By leveraging these Oracle solutions, Nema Holding aims to streamline financial consolidation, enhance operational efficiency, and gain accurate, timely data for more informed decision-making.

Results

The implementation of Oracle EPM for Nema has resulted in significant improvements:

Oracle EPM and FCCS automated manual processes, resulting in a remarkable 25% reduction in processing time for financial consolidation tasks.

The implementation achieved a 27% increase in overall financial consolidation efficiency, streamlining operations and reducing resource requirements.

FCCS provided Nema Holding with real-time insights, contributing to a 35% improvement in data visibility and enabling more agile and informed decision-making.

Oracle EPM and FCCS significantly improved data accuracy, leading to a 20% reduction in errors and ensuring a more reliable financial consolidation process.

Nema Holding experienced a 25% reduction in inefficiencies, optimizing workflows and creating a more streamlined financial consolidation process.

Oracle EPM and FCCS facilitated enhanced reporting capabilities, resulting in a 40% improvement in the speed and accuracy of financial reports.

The user-friendly interfaces of Oracle EPM and FCCS contributed to a 15% increase in user adoption, ensuring effective utilization across the organization.