Case Study
MindStream Delivers Oracle EPM Cloud Success
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
The engagement was about more than implementing technology. Versant Health needed a solution that could support real operational complexity while still giving finance and business leaders information they could trust.
MindStream Analytics approached the work with a focus on long-term usability, helping Versant Health improve planning discipline, reduce friction in reporting, and create a stronger decision-support environment.
The Challenge:
The organization was experiencing challenges with consolidation, close, and financial reporting, along with long cycle times and heavy manual effort.
Versant Health was experiencing challenges with its consolidation, close, and financial reporting processes. This issue mattered because it affected how Versant Health could plan, report, and respond to changing business demands across the organization.
Long cycle times were slowing the process. This issue mattered because it affected how Versant Health could plan, report, and respond to changing business demands across the organization.
The team was spending manual hours compiling and verifying data, and inter-company tracking and elimination needed to be streamlined. This issue mattered because it affected how Versant Health could plan, report, and respond to changing business demands across the organization.
The Solution
MindStream implemented Oracle Financial Consolidation and Close Cloud (FCC) and then built on that success with Oracle Enterprise Planning and Budgeting Cloud (EPBCS).
MindStream implemented Oracle Financial Consolidation and Close Cloud to centralize financial reporting. This step helped create a more practical and scalable operating model so finance teams could rely on the system instead of working around it.
The new solution streamlined the inter-company tracking and elimination process. This step helped create a more practical and scalable operating model so finance teams could rely on the system instead of working around it.
MindStream also implemented Oracle Enterprise Planning and Budgeting Cloud to create a fully-integrated planning, budgeting, and forecasting solution. This step helped create a more practical and scalable operating model so finance teams could rely on the system instead of working around it.
Versant Health also utilized MindStream’s AppCare Managed Services for application support and administration. This step helped create a more practical and scalable operating model so finance teams could rely on the system instead of working around it.
Key solution components included:
The Result
Once completed, Versant Health’s new centralized financial reporting solution achieved a great reduction in long cycle times and reduced the manual hours spent compiling and verifying data.
The centralized solution achieved a great reduction in long cycle times. In practical terms, that meant better visibility, faster turnaround, and a stronger foundation for ongoing planning and analysis.
It reduced the manual hours spent compiling and verifying data. In practical terms, that meant better visibility, faster turnaround, and a stronger foundation for ongoing planning and analysis.
It streamlined the inter-company tracking and elimination process. In practical terms, that meant better visibility, faster turnaround, and a stronger foundation for ongoing planning and analysis.
Robust reporting now enables more strategic analysis of financial data, with additional cost savings from AppCare Managed Services. In practical terms, that meant better visibility, faster turnaround, and a stronger foundation for ongoing planning and analysis.
These outcomes show why organizations choose MindStream Analytics when they need more than software alone. The project for Versant Health required technical depth, process design, and close coordination with stakeholders so the final solution actually supported day-to-day decision-making.
By aligning Oracle capabilities with the way Versant Health wanted to run finance, reporting, and planning, MindStream helped turn a difficult process into one that was more stable, repeatable, and useful for leadership.