Asharq News Improved Their Financial Planning & Budgeting Efficiency By 20%
Company
Asharq News
Location
KSA
Employees
500+ Employees
Industry
Media/Publishing
PerformDay Solution
Oracle EPM
About Asharq News
Asharq is a 24/7 television network and digital platform serving the Pan Arab region. Its primary mission is to deliver a diverse range of news and information in the Arabic language to educate and captivate the audience in the Middle East.
Asharq News has its main headquarters located in Riyadh, with central offices in the Dubai International Financial Centre in the UAE and Washington D.C.
Before implementing Oracle EPM, Asharq News Media channel faced inefficiencies in financial management, limited data visibility, reliance on manual processes, lack of agility in scenario planning, difficulties in risk management and compliance, and challenges in making data-driven strategic decisions.
Before using Oracle EPM, Asharq News faced a tough challenge: managing and analyzing a vast amount of diverse data. They deliver news in different languages across various platforms, making it difficult to integrate, maintain quality, ensure security, and generate timely and accurate reports. Also, Meeting the needs of both internal and external stakeholders, such as advertisers and investors, added to their difficulties.
Oracle EPM offers a comprehensive solution for Asharq News, addressing their requirements efficiently. PerformDay provided them tools for financial consolidation, close management, and reporting, along with Planning and Budgeting Cloud Services to streamline financial planning.
Additionally, Oracle EPM enabled onsite support, guaranteeing a smooth and effective financial management process for Asharq News.
The introduction of Oracle EPM at Asharq News marks a pivotal turning point, ushering in significant enhancements across key areas:
Get Started
Get in touch with our Oracle EPM expert, providing cutting edge technology with AI FP&A metrics, and ensuring predictive forecasts are credible.
Trusted by 2,000+ FP&A Experts
+971 52 787 3382
sales@performday.com
Unit No. 160 DMCC Business Centre Level No 1 Jewellery & Gemplex 3 Dubai, UAE