In the ever-evolving healthcare industry, staying ahead of the curve is essential for success. Trilogy Health Service, a leading provider of independent and assisted living, memory care, and rehabilitation services, recognized the need to modernize its legacy systems and embrace digital transformation to enhance operational efficiency, gain real-time financial insights, and improve decision-making.
Challenges: A Legacy of Complexity
Trilogy faced several challenges with its existing legacy systems:
- Multiple disparate applications: The company relied on a patchwork of outdated applications, with some reaching end-of-life, creating data silos and hindering data visibility.
- Complex reporting requirements: Trilogy had to meet varied reporting requirements for various stakeholders, including investors and HUD, leading to manual data consolidation and delays.
- Labor-intensive reconciliation: Manual reconciliations between disparate systems were time-consuming and prone to errors.
- Inadequate budget tracking: Tracking budgets versus actuals was challenging due to the need for real-time data and limited granularity.
Best Digital Transformation Solution: Oracle Fusion Cloud and NexInfo’s Expertise
Trilogy sought a trusted partner to help them navigate the complexities of digital transformation and implement a modern cloud-based solution. NexInfo, a leading Oracle Cloud consulting and implementation services provider, emerged as the ideal partner, bringing its deep expertise in Oracle Fusion Cloud solutions and a proven track record of success in the healthcare industry.
NexInfo’s team of experienced consultants worked closely with Trilogy to implement Oracle Fusion Cloud ERP, Oracle Cloud EPM, and Oracle Fusion Accounting Hub, providing a unified platform for managing all aspects of the company’s financial operations.
What is Oracle Fusion Cloud ERP?
Oracle Fusion Cloud ERP is a comprehensive enterprise resource planning (ERP) solution that provides a single platform for managing all business departments in one dashboard.
What does Oracle Fusion Cloud EPM do?
Oracle Cloud EPM is a suite of enterprise performance management (EPM) cloud applications that help organizations plan, budget, and manage their financial performance.
Why choose Oracle Fusion Accounting Hub:
Oracle Fusion Accounting Hub is a cloud-based solution with a centralized platform for managing financial transactions across multiple legal entities and business units.
The implementation included:
- Developing 40+ integrations and 70+ custom reports: NexInfo leveraged Oracle Cloud’s robust integration capabilities and reporting tools to connect Trilogy’s disparate systems and provide comprehensive insights into financial data.
- Implementing OCR Invoice imaging automation: NexInfo streamlined the accounts payable process by automating invoice imaging and data capture, reducing manual data entry, and improving efficiency.
- Real-time budget versus actuals tracking: NexInfo enabled real-time tracking of budget versus actuals at the entity, location, and cost center levels, empowering Trilogy to make informed financial decisions.
Benefits: Transforming Financial Operations
Trilogy’s digital transformation journey with NexInfo resulted in significant benefits:
- End-to-end visibility: Trilogy gained a holistic view of its financial transactions, enabling better decision-making and improved accountability.
- Enhanced reporting: Trilogy’s reporting capabilities were significantly improved, enabling the company to meet complex regulatory requirements and provide timely insights to stakeholders.
- Streamlined AP processes: Automated invoice processing reduced manual effort, improved efficiency, and minimized errors.
- Real-time budget management: Real-time budget tracking enabled Trilogy to manage costs and make informed financial decisions proactively.
Success Model for Digital Transformation
Trilogy’s digital transformation journey with NexInfo is a testament to the power of Oracle Cloud technology and the importance of choosing the right implementation partner. NexInfo’s expertise, experience, and commitment to understanding Trilogy’s unique needs enabled the company to achieve its goals and position itself for continued success in the dynamic healthcare landscape.