Wyandot Memorial Hospital (WMH), a progressive community hospital in Upper Sandusky, Ohio, faced several challenges in its budget preparation process. The process was manual, time-consuming, and inefficient. WMH needed a solution that would help them to:
- Automate their budget preparation process
- Gain valuable insights into their operations
- Improve the agility and visibility of their plans and schedules
- Save time and resources
WMH chose to implement Oracle Cloud EPM with the help of NexInfo, a leading provider of EPM solutions. Oracle Cloud EPM is a complete and integrated solution for all enterprise performance management (EPM) needs. It includes a comprehensive set of financial planning, budgeting, forecasting, reporting, consolidation, and analysis tools.
NexInfo helped WMH to implement Oracle Cloud EPM using a healthcare starter kit. The healthcare starter kit is a pre-configured solution that includes all the tools and templates for healthcare organizations to start with Oracle Cloud EPM quickly and easily.
The implementation of Oracle Cloud EPM has been a success for WMH. The hospital has been able to:
- Automate their budget preparation process, saving them time and resources.
- Gain valuable insights into their operations using Oracle Cloud EPM’s reporting and analytics tools.
- Improve their plans’ and schedules’ agility and visibility using Oracle Cloud EPM’s budgeting and forecasting tools.
WMH’s Data Analytics Coordinator, Jake McMillion, had this to say about the implementation:
“NexInfo has been the best IT Partner we have worked with. They showed a high understanding of our business model and provided high-quality solutions to make our project successful. Working with such a company has been wonderful.”
Here are some specific examples of how Oracle Cloud EPM has helped WMH to overcome its challenges:
Challenge: WMH’s budget preparation process could have been more manual, time-consuming, and efficient.
Solution: Oracle Cloud EPM has helped WMH to automate its budget preparation process. This has saved them time and resources and made the process more efficient and accurate.
Challenge: WMH needed to gain valuable insights into their operations.
Solution: Oracle Cloud EPM includes comprehensive reporting and analytics tools. WMH uses these tools to gain valuable insights into its operations, such as which departments are most profitable and costing the hospital the most money.
Challenge: WMH needed to improve the agility and visibility of their plans and schedules.
Solution: Oracle Cloud EPM includes comprehensive budgeting and forecasting tools. WMH uses these tools to create more agile and visible budgets and schedules. This allows them to make better decisions about their operations and respond to market changes more quickly.
NexInfo’s implementation has helped Wyandot succeed in the following ways:
- NexInfo deeply understands the healthcare industry and the challenges that healthcare organizations face. This understanding was essential to the success of the Oracle Cloud EPM implementation at WMH.
- NexInfo has a team of experienced and certified Oracle Cloud EPM consultants. These consultants were able to guide WMH through the implementation process and ensure that the solution was implemented correctly.
- NexInfo provides ongoing support and maintenance for Oracle Cloud EPM. This support is essential to ensure that WMH can maximize its investment in Oracle Cloud EPM.
Implementing Oracle Cloud EPM with the help of NexInfo has been a success for Wyandot Memorial Hospital. The hospital has been able to overcome its challenges and improve its operations.
Here are some additional benefits of using Oracle Cloud EPM:
- Oracle Cloud EPM is a cloud-based solution, which makes it easy to deploy and use. There is no need to install or maintain any on-premises software.
- Oracle Cloud EPM is scalable to meet the needs of organizations of all sizes. Whether a small hospital or an extensive healthcare system, Oracle Cloud EPM can help you improve your EPM processes.
- Oracle Cloud EPM is secure and reliable. Oracle invests heavily in security and compliance so you can be confident that your data is safe and secure.
If you are looking for a solution to help you improve your EPM processes, Oracle Cloud EPM is an excellent option. As a trusted Oracle Cloud EPM Implementation Partner, NexInfo is proud to support clients in harnessing the power of Oracle Cloud EPM to transform reporting processes and drive business success. Contact Us!
