Collette Walsh, Shared Service Centre Manager at the Shannon Group, explained the many financial reporting challenges the company was facing with its ERP, Oracle EBS. On separation from the Dublin Airport Authority, which is responsible for the three semi-state airports in Ireland, in January 2013, Shannon Airport’s monthly reporting requirements relied heavily on Excel, with manual interventions commonly used when preparing monthly management packs. They also had limited drill-down functionality and were limited by Cloud hosting and outsourced support. All of this resulted in a lack of agility and flexibility, making it difficult for the finance team to support the business in a timely manner.
The finance team at Shannon Airport, led by Walsh, enlisted Hubble by insightsoftware to run a half-day “proof of concept” to create reports on their data and show them exactly what Hubble could deliver for their business. The team was happy with the results and moved forward with Hubble.
Hubble’s integration with Oracle EBS enables fast reporting over any information held in Shannon Airport’s Oracle system, meaning that they are now able to easily access statistics on currency, tonnage, and passenger numbers. Previously, the finance team spent hours collating this key information, which is now available with a single click with Hubble.
Hubble has enabled Shannon Group’s Shares Service Centre and subsidiary finance teams to:
- Confidently provide the business with real-time, accurate information
- Reduce the month-end close process from two days to just half a day
- Instantly reconcile the General Ledger (GL) with subledgers
- Drill down from the GL to supporting information
- Reduce interface reconciliation reports creation time from half a day to just minutes
- Quickly respond to all ad hoc requests, putting data back in the hands of business users to enable informed decision making
- Provide the business with on-demand budget reports
- Save time and money by no longer having to rely on external IT support for report wiring
- Achieve faster audits