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Title
Hearst uses embedded AI for invoice recognition, cash management, and supplier-payment decisions
…and spend processes into the same foundation used for accounting and planning. Hearst is using automation and embedded artificial intelligence to support invoice recognition, cash management, and supplier-payment decisions. Intelligent payments help identify suppliers eligible for early-payment discoun…
Description
Hearst launched Project UniFi to standardize finance, HR, and procurement on Oracle Fusion Cloud Applications, consolidating 19 general ledgers into one chart of accounts and accelerating financial close by 66%. Hearst uses automation and embedded AI to support invoice recognition, cash management, and supplier-payment decisions; intelligent payments help identify suppliers eligible for early-payment discounts across 40,000 vendor relationships.
…a large vendor base. A common cloud foundation for finance, HR, and procurement Hearst launched Project UniFi to replace decades of legacy systems with Oracle Fusion Cloud Applications Suite. The project brought together Oracle Fusion Cloud Enterprise Resource Planning (…
…with a common model for budgeting, scenario planning, and performance analysis. A major milestone was consolidating 19 general ledgers into one chart of accounts. That work gave Hearst consistent financial definitions across business units an…
…ocurement, and operations Hearst reported measurable gains across the business: Accelerated financial close by 66% after consolidating 19 general ledgers into one chart of accounts Standardized processes across eight business units in 150 countries and improve…
…and spend processes into the same foundation used for accounting and planning. Hearst is using automation and embedded artificial intelligence to support invoice recognition, cash management, and supplier-payment decisions. Intelligent payments help identify suppliers eligible for early-payment discounts, improving cash flow while strengthening 40,000 vendor relationships across the portfolio. Applying the model across the portfolio As Hearst expanded into ratings and fin…
Company
Hearst
…n Up for Free Cloud Tier Oracle Account Sign-In Create an Account Help Sign Out Hearst connects finance, HR, and procurement with Oracle Media company uses Oracle Fusion Cloud Applications to speed close, improve pla…
Country
United States
…ations to speed close, improve planning, support HR, and manage supplier spend. United States | Media and Entertainment “ As we continue to grow and diversify, having a single, standardized cloud pla…
Industry
Media & Entertainment
…ations to speed close, improve planning, support HR, and manage supplier spend. United States | Media and Entertainment “ As we continue to grow and diversify, having a single, standardized cloud pla…
Problem
Finance managed 19 general ledgers and dozens of tools tailored to individual business units; quarterly closes stretched into weeks, forecasting varied across the portfolio, and analytics stayed siloed. HR faced thousands of job codes, manual onboarding, and fragmented workforce data that made it harder to support consistent reporting and connect workforce planning with business performance. Procurement needed more consistent controls, a clearer view of spend and cash management, and better ways to manage supplier payments across a large vendor base.
…loyees. As Hearst grew, finance and HR teams worked across many legacy systems. Finance Finance managed 19 general ledgers and dozens of tools tailored to individual business units. Quarterly closes stretched into weeks, forecasting varied across the portfolio, and analytics stayed siloed. Human Resources HR faced similar challenges. Thousands of job codes, manual onb…
…to weeks, forecasting varied across the portfolio, and analytics stayed siloed. Human Resources HR faced similar challenges. Thousands of job codes, manual onboarding, and fragmented workforce data made it harder to support consistent reporting, onboard acquisitions, and connect workforce planning with business performance. Procurement Procurement and supplier processes also reflected that complexity.…
…onboard acquisitions, and connect workforce planning with business performance. Procurement Procurement and supplier processes also reflected that complexity. Hearst needed more consistent controls across business units, a clearer view of spend and cash management, and better ways to manage supplier payments across a large vendor base. A common cloud foundation for finance, HR, and procurement Hearst launched Proj…
Solution
Hearst launched Project UniFi to replace decades of legacy systems with Oracle Fusion Cloud Applications Suite, bringing together Oracle Fusion Cloud ERP (including EPM and Procurement) and Oracle Fusion Cloud HCM. Hearst uses automation and embedded artificial intelligence to support invoice recognition, cash management, and supplier-payment decisions; intelligent payments help identify suppliers eligible for early-payment discounts across 40,000 vendor relationships.
…a large vendor base. A common cloud foundation for finance, HR, and procurement Hearst launched Project UniFi to replace decades of legacy systems with Oracle Fusion Cloud Applications Suite. The project brought together Oracle Fusion Cloud Enterprise Resource Planning (ERP)—including Oracle Fusion Cloud Enterprise Performance Management (EPM) and Oracle Fusion Cloud Procurement—and Oracle Fusion Cloud Human Capital Management (HCM). With Oracle Cloud ERP, Hearst standardized financial management, procurement, s…
…and spend processes into the same foundation used for accounting and planning. Hearst is using automation and embedded artificial intelligence to support invoice recognition, cash management, and supplier-payment decisions. Intelligent payments help identify suppliers eligible for early-payment discounts, improving cash flow while strengthening 40,000 vendor relationships across the portfolio. Applying the model across the portfolio As Hearst expanded into ratings and fin…
Business value
Hearst accelerated financial close by 66% after consolidating 19 general ledgers into one chart of accounts, used early-payment discounts across 40,000 vendors to save hundreds of thousands of dollars, reduced HR job codes from 7,000 to 1,700, accelerated new-hire productivity by more than 30 days, and reduced IT support costs through quarterly updates.
…cations. This supported a phased rollout from a 25-year-old legacy environment. Results across finance, HR, procurement, and operations Hearst reported measurable gains across the business: Accelerated financial close by 66% after consolidating 19 general ledgers into one chart of accounts Standardized processes across eight business units in 150 countries and improved forecasting accuracy through integrated EPM models Used early-payment discounts across 40,000 vendors to save hundreds of thousands of dollars and strengthen supplier relationships Supported 20,000 employees with a more consistent HR experience, reduced HR job codes from 7,000 to 1,700, and accelerated new-hire productivity by more than 30 days Reduced IT support costs through quarterl…
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Headline outcome
…ocurement, and operations Hearst reported measurable gains across the business: Accelerated financial close by 66% after consolidating 19 general ledgers into one chart of accounts Standardized processes across eight business units in 150 countries and improve…
Use case type
Workflow automation
…rocurement, subscription billing, project accounting, and inventory operations. Manual reconciliations and approvals were automated, and reporting was centralized across the organization. Planning and forecasting moved to Oracle Cloud EPM. Hearst replaced six separat…
Business functions
Finance & Accounting, Human Resources, Supply Chain & Logistics
…a large vendor base. A common cloud foundation for finance, HR, and procurement Hearst launched Project UniFi to replace decades of legacy systems with Oracle Fusion Cloud Applications Suite. The project brought together Oracle Fusion Cloud Enterprise Resource Planning (…
AI capabilities
Document Intelligence, Intelligent Automation, Predictive Analytics
…and spend processes into the same foundation used for accounting and planning. Hearst is using automation and embedded artificial intelligence to support invoice recognition, cash management, and supplier-payment decisions. Intelligent payments help identify suppliers eligible for early-payment discoun…
…rocurement, subscription billing, project accounting, and inventory operations. Manual reconciliations and approvals were automated, and reporting was centralized across the organization. Planning and forecasting moved to Oracle Cloud EPM. Hearst replaced six separat…
…close by 66% after consolidating 19 general ledgers into one chart of accounts Standardized processes across eight business units in 150 countries and improved forecasting accuracy through integrated EPM models Used early-payment discounts across 40,000 vendors to save hundreds of thousand…
Technology
Oracle Fusion Cloud Applications Suite, Oracle Fusion Cloud Enterprise Resource Planning, Oracle Fusion Cloud Enterprise Performance Management, Oracle Fusion Cloud Procurement, Oracle Fusion Cloud Human Capital Management, Oracle Integration
…a large vendor base. A common cloud foundation for finance, HR, and procurement Hearst launched Project UniFi to replace decades of legacy systems with Oracle Fusion Cloud Applications Suite. The project brought together Oracle Fusion Cloud Enterprise Resource Planning (ERP)—including Oracle Fusion Cloud Enterprise Performance Management (EPM) and Oracle Fusion Cloud Procurement—and Oracle Fusion Cloud Human Capital Management (HCM). With Oracle Cloud ERP, Hearst standardized financial management, procurement, s…
…y to onboard new operations, apply common controls, and deliver timely insight. Oracle Integration and prebuilt adapters helped Hearst connect the new cloud applications with third-party, on-premises, and custom applications. This supported a phased rollout from a 25-year-old legacy environment. Results…
Deployment model
Cloud
…United States | Media and Entertainment “ As we continue to grow and diversify, having a single, standardized cloud platform gives us the flexibility and discipline to scale. It allows us to integrate new businesses faster, operate more efficiently, and…
Deployment options
cloud
…United States | Media and Entertainment “ As we continue to grow and diversify, having a single, standardized cloud platform gives us the flexibility and discipline to scale. It allows us to integrate new businesses faster, operate more efficiently, and…
