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Mercer Advisors, a privately held wealth management firm with approximately $11 billion in assets under management, needed a more robust financial reporting solution. Its legacy solution relied on an Excel-based framework with multiple General Ledger systems providing current and historical data.
Mercer Advisors decided to implement Essbase Cloud, part of the Oracle Analytics Cloud (OAC) platform to provide a modern platform for financial reporting. Mercer Advisors partnered with Perficient to execute on its vision to reap the benefits of this solution.
Mercer Advisors chief financial officer, Douglas Maxwell, discussed the OAC implementation including lessons learned and how OAC can benefit organizations like yours.
-Challenges with the legacy environment
-Excel to cloud migration approach