Company Overview

This company is a key player in the commercial fleet solutions industry, offering a comprehensive range of services that include advanced medium and heavy-duty trucks, flexible leasing options, and extensive insurance and financing services. Their mission is to keep businesses moving efficiently and effectively. With 37 locations across nine states, they distribute well-known brands such as International, Isuzu, Idealease, and IC Bus.

Challenge

A PE owned commercial truck dealership group was in the process of beginning a very large expansion. The goal was to go from 9 dealerships to nearly 40 dealerships over the course of 24 months. With limited back-office staff, a system was necessary to provide consolidation and budgeting functionality.

Solution

After evaluating software options, Oracle was selected as the platform of choice. The consolidations module was used to provide consolidated financials with automatic elimination and journal entries. The initial phase of Planning was also completed to provide variance analysis and reporting.

Result

The fully integrated solution provided direct feeds to on-premise data sources with nightly loads and consolidations. The consolidation solution in combination with budgeting provided a quick close process for month-end along with a single platform for budgeting and management reporting.

Download Case Study

Download a PDF version of this Case Study.

Download PDF