SOURCE: Oracle Corporation

Oracle Corporation

January 25, 2010 08:00 ET

eSilicon Improves Business Visibility and Efficiency With Oracle® Enterprise Performance Management and Business Intelligence

Semiconductor Services Company Cuts Financial Reporting From Weeks to Hours With Oracle

REDWOOD SHORES, CA--(Marketwire - January 25, 2010) - Oracle (NASDAQ: ORCL)

News Facts

  • eSilicon, a semiconductor Value Chain Producer (VCP) that provides a comprehensive suite of design, productization and manufacturing services, has chosen Oracle Enterprise Performance Management (EPM) and Business Intelligence (BI) software to improve planning and productivity and deliver a single version of the truth for business critical information.
  • With Oracle, eSilicon has achieved greater visibility into company performance and cut its reporting processes from a few weeks down to hours, and in some cases, minutes.
  • Key components of Oracle Fusion Middleware, Oracle EPM and BI software supports a broad range of strategic, financial and operational management processes that enable organizations to become smart, agile and aligned.

Better Financial Forecasting, Planning and Analysis with a Single Version of the Truth

  • Prior to Oracle, eSilicon managed financial forecasting and planning with spreadsheets. The manual process was time consuming, error-prone and lacked security, version control and data integrity.
  • To automate its reporting process and meet global demands for real-time information, eSilicon implemented Oracle Hyperion Planning, Oracle Hyperion Workforce Planning, Oracle Essbase and Oracle Data Integrator.
  • eSilicon selected Oracle EPM and BI software based on ease of use, cost-efficiency, robust functionality, and ability to integrate seamlessly with its existing systems and applications including the Oracle E-Business Suite.
  • eSilicon rolled out the software in just three months to select global stakeholders, enabling the company to consolidate cross-office data between applications to obtain a single source of information regarding budgets, bookings, billings and backlog, statistical information, head count, and other key business variables.
  • eSilicon has also eliminated the complexity of managing multiple forecasts -- allowing it to now easily run comparisons and variable analysis in real-time.
  • In addition, the consolidated Oracle-based planning system allows users to easily create, populate and distribute custom reports, run "what-if" scenarios, forecast for both financial and non-financial metrics, such as headcount, and more.
  • While currently a dozen finance and business people are accessing the new Oracle solutions, eSilicon plans to extend Oracle Hyperion Planning and Oracle Essbase to all business users, including sales, marketing, operations and the executive staff in the future.

Supporting Quote

  • "Prior to Oracle we were laboring under time pressure and error-prone spreadsheets to manage our financial forecasting process -- making it impossible to quickly do comparisons and get a real-time view into the performance of our business," said Larry Peyton, director of financial planning and analysis, eSilicon. "In the current economic environment, we have to be agile and move with the changing dynamics of our business. We could no longer afford to wait for reports to see how we were progressing towards our corporate goals. With Oracle we were able to quickly consolidate our mission critical data into one database and provide a single version of the truth for key metrics like revenue and spending. Reports that used to take weeks can be pulled in minutes. Oracle has allowed us to become more nimble, proactive and to manage our business more effectively."

Supporting Resources

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