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Oracle and Concentric Press Release

10th September 2012 - Concentric Solutions Delivers Oracle Accelerate Solution for Industrial Manufacturing based on Oracle Hyperion Financial Management

NEWS RELEASE:  Stream-lined reporting and standardized project templates designed to reduce risk and enable faster time to value for midsized companies

London, September 05, 2012 Concentric Solutions, an Oracle Accelerate Solution Provider and a Platinum level member in Oracle PartnerNetwork (OPN), today announced its Oracle Accelerate Solution, “Fast Track Implementation Approach for Oracle Hyperion Financial Management  in the Industrial Manufacturing Industry,” a rapid implementation approach for financial consolidation and reporting. 

Concentric provides a stream-lined framework for the design and implementation of financial consolidation and reporting systems using Oracle technology.  The combination of Concentric’s unrivalled financial close solution expertise, the governance structure provided by its Oracle Accelerate Solution, and customer understanding of specific business processes enables a fast track foundation for success. 

Concentric’s Fast Track Approach for Oracle Hyperion Financial Management implementations use a prototyping approach to refine the system design and scope for the full solution, and provide several benefits to end customers:

  • Time Saving - By using a prototyping approach to design, Concentric reduces the time required for documenting detailed specifications.
  • Improved Quality - Project document templates with guided content enable consistent project quality.
  • Cost Effective - Concentric’s engagement model minimizes implementation costs, whilst pre-built material can reduce project governance overhead.
  • Reduced Risk - A key element of Concentric’s project governance methodology is the identification and management of critical issues and risks, reducing impact on project costs and timelines.

 “Concentric’s “Fast Track Implementation Approach for Oracle Hyperion Financial Management in the Industrial Manufacturing Industry” enables manufacturing customers to accelerate the implementation of Oracle Hyperion Financial Management consolidation and reporting solution. Our proven framework of industry-recognised project approaches reduces implementation complexity and enables midsized companies to benefit from Oracle Hyperion Financial Management, uncovering crucial business insights often hidden in transactional and spreadsheet reporting systems.”

David Watson, Commercial Director, Concentric Solutions

Triton Group, Manufacturer of Subsea Remotely Operated Vehicles and a Concentric customer, successfully implemented Concentric’s Oracle Accelerate Solution. “With over 15 companies spread across the UK, US and Singapore, Oracle Hyperion Financial Management has helped Triton Group streamline the reporting process and ensure data integrity. Prior to the implementation, Triton Group would generate reports in about 16 working days.  With the help of Oracle Hyperion Financial Management, this has been reduced to 10 days. In addition, before the implementation, requests for information were distributed via individual spreadsheets. Now we can easily run report or analyse the data in different ways using Oracle Hyperion Financial Management. When using just Excel spreadsheets it was quite easy to manually change numbers, so there was a lack of control. Now we are confident that when companies are loading trial balances there is complete integrity of information. This provides huge time savings and reduces auditing costs.”

Kerrie Murray, Commercial Director, Triton Group

“Growing organizations must be enabled to easily adopt solutions to quickly address changing business needs,” said Steve Cox, vice president, Oracle Accelerate for Midsize Companies. “Oracle Accelerate solutions, coupled with expert partners such as Concentric Solutions, are paramount to the successful delivery of comprehensive, industry focused solutions to midsize organizations that require fast time to benefit and low total cost of ownership.”

About Oracle Accelerate
Oracle Accelerate provides simple to deploy, packaged, enterprise-class software solutions to growing midsize organizations through Oracle’s network of expert partners. Created by Oracle's expert partners, Oracle Accelerate solutions are simple to deploy, industry-specific packaged solutions, designed for fast time to benefit, which means getting the right solution in place quickly, inexpensively and with a controlled scope and predictable returns. The best Oracle Accelerate Solutions are based on Oracle Business Accelerators, which are powerful, cloud-based rapid implementation tools developed and maintained by Oracle to get you up and running on a wide range of Oracle Applications, both quickly and reliably. Oracle has more than 280,000 midsize customers who buy Oracle to grow. To find out more, visit www.oracle.com/accelerate.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

About Concentric Solutions
Concentric Solutions is an Oracle mid-market software reseller and services firm based in the UK and Germany that specializes in the Hyperion suite of Enterprise Performance Management applications. As the leading independent name in Financial Performance Management, our award winning team draws on years of cross industry financial software consulting experience and our consultants are experts in integrating performance management systems, operational intelligence and transactional systems.  Concentric Solutions is an Oracle Platinum Partner with Certified Specializations in Oracle Hyperion Financial Management, Oracle Hyperion Planning, Oracle Hyperion Essbase, Oracle Accelerate for Midsize Companies and Oracle Unified Method.

To find out more visit http://www.concentricsolutions.com/hfm-accelerate
or call +44 (0)203 411 0140.

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