Through Oracle Cloud ERP Jade’s E-Learning client automated and reduced their financial reporting time by more than 50%

1. Case Study Through Oracle Cloud ERP Jade’s E-Learning client automated and reduced their financial reporting time by more than 50%

2. About Client Industry E- Learning The client is an online education company offering thousands of video courses in software, creative, and business skills. Founded in 1995, the company produces video tutorials taught by industry experts. Based in Carpinteria, California, the client has more than 500 employees worldwide, and offers instruction in English as well as German, French, and Spanish through its branded division. Employees 501-1000 Headquarters Carpinteria , CA

3. Business Requirement The client had decided to implement Oracle Cloud ERP. They had started implementing it from 2015 and wanted to stagger the implementation with General Ledger and P2P process. This would ensure their focus on a consolidated reporting and foreign exchange impact controls. The client faced challenges in managing their forex impact of the world-wide operations and hence needed to automate eliminations and consolidations. Business Challenge The client had multiple systems in multiple locations world-wide. Due to the disparity in the systems they faced challenges in translating, revaluing appropriate balances, completing their consolidations process and reporting. They were using excel and realized the difficulty in scaling up as their business grew. They wanted a scalable enterprise wide system that would manage all their financial activities and seamlessly integrate with other operational systems for orders, billing and subscriptions.

4. Business Value Delivered Jade consultants, with their deep knowledge, and through a series of pilot test and demonstration of the foreign exchange processes, convinced the clients[SJ1]  to migrate to Oracle Cloud ERP. The team then built a robust Chart of Accounts and set processes in place to meet the client’s goals. Jade Global drove the design and implementation, and trained the client in Cloud ERP. A robust structure to capture, consolidate and report all the ledger balance data was built to perform the required foreign exchange processes as per the client’s needs.  The resulting solution to address their foreign exchange processes ensured that the client had a systematic and auditable method to manage their foreign currency balances and established a strong footing for their consolidated reporting. The result was a systematic, robust and efficient revaluation and translation processes. About Jade Global, Inc. Jade Global is a premier Advisory, Integration, Testing, Cloud & Consulting Services, Business Solutions and IT outsourcing company headquartered in San Jose, California with offices in San Diego, Atlanta, Reading, Pune, Noida and Hyderabad. With more than 600 employees worldwide, Jade Global is a trusted partner of choice to its clients. Jade’s global team of experts successfully deliver business and technology solutions across diverse industries to drive its customers' long term growth and success. Contact 1731 Technology Drive Suite 350, San Jose, CA 95110 Phone: 1-877-JADE4IT | Email: marketing@jadeglobal.com | Website: www.jadeglobal.com © 2017 Jade Global, California, CA. All Rights Reserved. Jade Global believes the information in this document is accurate as of its publication date. No material from here may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from Jade Global.