Heidrick & Struggles is a premier provider of global leadership advisory services and on-demand talent solutions that serves the senior-level talent and consulting needs of the world's top organizations. "We help companies recruit board members, CFOs, CIO, CEOs, and other high-level talent," explains Yogesh Tupe, vice president and treasurer. "We also help clients access professionals on an interim, short-term basis through our on-demand talent group. And our consulting business helps clients to identify and assess potential leaders, as well as to shape their corporate culture."

The Chicago-based firm has been highly successful across all these facets of executive search. "We have more than 60 offices in over 30 countries, and we serve about 70 percent of the Fortune 1000," Tupe says. "We have a huge presence in EMEA [Europe, the Middle East, and Africa] and in Asia-Pacific." As a result, the firm comprises 63 different legal entities.

To manage finances and reporting across these dispersed entities, Heidrick & Struggles uses Oracle Planning & Budgeting Cloud Service (PBCS) applications. Until recently, however, the treasury staff of four handled cash flow forecasting manually. "With each monthly close, the team would go into our ERP [enterprise resource planning] system and run a bunch of queries and reports," Tupe says. "They would export the data into Excel, where they would slice and dice it, and would use the received quarterly FP&A [financial planning and analysis] forecasts to generate each business unit's cash flow estimates."