An entertainment company gains independence from its parent, rolling out a financials and transaction system aligned with its own needs.
An innovator in cable television programming had been spun off from its parent organization—a subscription-based cable provider—with a transaction services agreement (TSA) in place. The parent agreed to provide the company’s technical and process infrastructure while it set up its own systems in order to operate independently. The company needed to decouple from the parent organization and stand up its own instance of Oracle E-Business Suite R12 for accounting, finance, and procurement services before the end of the TSA. It sought PwC’s assistance to help with the time-sensitive transition. PwC developed a strategic roadmap, blueprint, and assessment for the company’s Oracle EBS environment.
Using a workshop-driven approach, PwC analyzed the company’s existing application footprint, system functionality, and business processes to derive a clear and cost-effective plan to migrate off the parent’s systems. PwC helped develop a roadmap including the re- implemention of Oracle EBS with a long-term strategy to improve process and reporting inefficiencies, enhance system functionality, and eliminate redundant technology assets, while establishing an independent platform.
The challenges of data conversion and extraction, compliance/legal requirements, design of a new integrated application footprint based on Oracle solutions, migration to new environments, design of key functionality and business processes, and creation of a detailed plan were incorporated in our approach and templates.
PwC executed on the plan to incorporate industry leading practices and process improvement opportunities such as shortening the month-end close by over 50 percent, developing the basis for series/programming reporting and analytics, streamlining the chart of accounts, increasing automation around workflows, etc.. The client was able to gain independence from the parent compay, roll out its own financials and transaction system, eliminate the high cost of the ongoing monthly TSA fee, decommission redundant systems, but most importantly create an integrated platform to manage future growth in a cost effective manner. The company’s move to Oracle-On-Demand for hosting the E- Business Suite platform went a long way in helping manage its capital expense.
Click here to download and save the case study.