The Need
Meredith Corporation was looking for a long range path to move their financial planning organization to a cloud-based version of Oracle’s Hyperion Platform, allowing them to better serve a wide array of internal users that rely on their financial reporting data, including the Magazine Production team.
The Solution
They implemented Oracle Hyperion including a transition to Hyperion Planning and Budgeting Cloud Service Solution (PBCS). Then, retired the current planning and budgeting tool for the Magazine Production team and developed a new Operational Planning Model where actual results are loaded into the system allowing for a process that gets smarter over time.
The Benefit
Today they have a solid platform, better designed to support future strategic initiatives including the major initiatives to improve print production accuracy for over 30 million magazines each month.
