Voith FRS is a division of Voith, a global engineering company with well over 40,000 employees operating across 50 countries. Traditionally the financial reporting team, central controllers, and site controllers would manually extract all of their accounts data from the Oracle ERP system. Reconciliation and consolidation was done and then aggregated, with any adjustments made directly in Excel. However, this caused validation issues since members of the financial team were not using the same calculations, date ranges, or sales figures.
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