Success Story How Coomeva Transformed Its Treasury Management with Oracle EPM and Financial Automation
Grupo Coomeva, one of Colombia’s most recognized organizations, took a major step toward financial efficiency by implementing an advanced treasury management model based on Oracle EPM Planning and Oracle ARCS, with the guidance of the IZE Consultores team. This success story shows how digitizing and automating core financial processes can enhance reporting quality, speed up decision-making, and strengthen daily financial control across large organizations.
The Challenge: When Excel Is No Longer Enough
Before the project, Coomeva’s finance team faced major operational limitations:
Dozens of daily Excel files for cash position and cash flow.
Difficulty retrieving historical data.
Time-consuming and error-prone processes.
Unreliable, outdated financial reporting.
They urgently needed an integrated, automated treasury model with real-time reporting.
The Solution: Oracle EPM + Automation + Financial Expertise
IZE designed and implemented a comprehensive solution using Oracle EPM Planning, Account Reconciliation Cloud Service (ARCS), and automation tools like EPM Automate and Data Exchange.
Treasury model for 7 group companies.
Implementation of 5 customized cash flow formats.
Daily, weekly, and monthly net cash position and projection.
Automated debt management models.
Real-time liquidity reports.
Integrated accounting and banking data, including automatic data extraction and reconciliation via multicash files.
Results: Efficiency, Speed, and Full Financial Control
The benefits delivered to Coomeva were significant and measurable:
Automatic daily multicash file uploads, with data available early in the morning.
Major time savings in generating the Daily Cash Position (DCP).
Daily and consolidated liquidity reports available online.
Automated bank reconciliation, with transaction mapping by movement type.
Full integration with Oracle Fusion Payments and Accounting modules.
With the new system, reports that were once built manually in Excel are now generated instantly, with full traceability and high data quality.
" I want to thank and congratulate you for the excellent project we just completed. It was a pleasure working with Ize Consultores, and we truly recognize your commitment and professionalism, which were key to achieving such a great result "
Diana Cecilia López Mera
Director of Financial Services, Grupo Coomeva
Overcoming Technical Challenges
One of the biggest challenges was managing daily, weekly, and monthly data loads without compromising performance. IZE’s expert team designed a multi-dimensional model that optimized performance and allowed all financial models (Cash Flow, DCP, and Debt) to run smoothly within a single EPM application.
Business Impact
The new solution is now essential for Coomeva’s Treasury Department, enabling daily control of cash flow, cash position, and liquidity reports, while enhancing the group’s financial planning and decision-making capabilities.
Ready to Optimize Your Financial Operations?
At IZE, we help companies implement Oracle EPM solutions tailored to their needs so you can make decisions based on reliable, integrated, and real-time financial data.
Get in touch with us today and empower your finance team with intelligent solutions.
