Monarch Bioenergy needed to create core Finance, Supply Chain, and Project Management processes that would support alternative energy commodity billing and operations.
Achievements:
- Implemented Oracle Cloud ERP Financials, Oracle Cloud SCM Procurement and Inventory, Oracle Project Portfolio Management, and Oracle Cloud EPM.
- The solution went live in 2023 after a seven-month implementation using Perficient’s Agile Based Cloud Implementation Framework.
- Sunset Legacy processes in ViewPoint
- Transformed and converted Inventory Items, Customers, Suppliers, Fixed Assets & Projects from ViewPoint to Oracle Fusion
- Oracle Procure to Pay solution was implemented to support of Monarch’s business process
- Oracle Project Portfolio Management was implemented to facilitate the creation, control, and tracking of Projects
Key Benefits:
- Monarch has a clear view into business operations, improved end-of-month revenue processes, and streamlined procurement procedures to scale with future growth
- Improved Visibility into Capital Projects
- Streamlined Revenue Forecasting
- Allowed Monarch to determine true cost of executing projects
- Ability to monitor project performance
- Capture CIP costs for capital assets.
