Client Stories
Metallus, Inc.
Metallus, Inc.
Major steel producer upgrades systems to enable greater EPM efficiencies and visibility
The Challenge
Steel manufacturer faces rusty on-premises limitations
Metallus, Inc. (formerly know as TimkenSteel), a premier U.S. producer of high-quality steel for more than 100 years, was hamstrung by on-premises limitations and complexity in consolidations processes. Key challenges included rigid deployment options that required costly hardware and IT investments, limited ability to integrate, and insufficient reporting capabilities.
The Solution
Guiding the way to better planning, consolidations, and reporting
Metallus needed to implement a solution that would help streamline the close and reporting process, as well as improve planning and budgeting. Starting with requirements and design, through implementation and the go-live, Argano helped Metallus move to Oracle Cloud EPM.
The Results
A successful EPM migration results in increased transparency and better real-time business decisions
The smooth migration to Oracle Cloud had multiple benefits for Metallus. It eliminated manual spreadsheet-based processes and outdated systems, simplified consolidations, generated automated cash flow reporting, and improved intercompany reporting. The upgrade enabled a single source of truth that allows for automated data gathering and analysis, and now gives Metallus the power to make information sharing across the organization fast, efficient, and actionable. Additionally, Metallus enhanced their end user experience and reporting capabilities for both consolidations and planning while reducing system maintenance and processing time.
