Confronted with economic and business uncertainty, organizations still must make important business decisions that will have long-reaching impacts on their financial future. It is crucial that they have systems and processes in place that provide them with the capability to make informed decisions with a good understanding of the impact these decisions will have on their future credit ratings, covenants, valuation, and cash flow liquidity. Too often companies focus only on next year’s projected P&L, ignoring the balance sheet, cash flow, and long-term impact of their business decisions. Other companies produce a strategic plan, but it is often divorced from the budget process which results in operational planners making short-term budget decisions that are incongruent with the company’s long-term strategic goals.
In this session, attendees will learn how SM Energy paired Oracle Strategic Modeling and Oracle EPM Cloud Planning to solve these challenges and streamline their strategic plan and budget/forecast processes.