Achieving Financial Excellence: The Owens Corning Journey
As a global company that develops and produces insulation, roofing, and fiberglass composites, Owens Corning was in search of a financial forecasting solution to provide credible guidance and drive proactive business decisions. They needed a solution robust enough to meet the challenge of managing enterprise costs and comprehensive enough to perform financial planning and budgeting across multiple business units and regions around the world.
Owens Corning transitioned from SAP BPC 7.0 to SAP BPC version 10.0, and needed to tap into several key functionality factors available inside SAP BPC 10.0, TruQua partnered with them to help it go smoothly.
The SAP Business Planning and Consolidation (SAP BPC) application delivers planning, budgeting, forecasting, and financial consolidation capabilities. This functionality makes it possible to easily adjust plans and forecasts, speed up budget and closing cycles, and ensure compliance with financial reporting standards.
TruQua help Owens Corning with the following:
Integration capabilities with other platforms in the Owens Corning system landscape, including transactional and data warehousing
A common database for planning and forecasting spreadsheets that provides each business unit with standardized eliminations, reporting, and results roll-ups of various groupings