Digital core case studies

Attracting top finance talent with a cutting-edge digital platform

Issue
After a merger of three similar-sized computer hardware manufacturers, the combined business needed a common technology platform for finance and procurement.

Solution
Oracle Cloud is enabling the company to integrate and automate its close and consolidation process, eliminating manual workarounds and providing a solid foundation for advanced analytics in planning, budgeting, and forecasting.

Being an early adopter of Oracle’s cutting-edge cloud platform is strengthening the company’s image as a market leader and innovator. Also, it is helping attract top finance talent by offering a set of sophisticated tools that will enable them to shift their focus from manual processing to advanced analytics and other high-value activities that can deliver strategic value and insight for the business.

Impact
Potential long-term benefits include: improved processes and standardization; an accelerated financial close; real-time visibility to finance data and insights through a management dashboard; and reduced cost-to-serve. The number of vendors being managed independently is being reduced from 60,000 to 10,000, minimizing overlap across the separate businesses. Similarly, the number of customers that are managed independently is being reduced to 8,000. This streamlining of the company’s operations is expected to boost efficiency and reduce costs while improving the strength and consistency of relationships with vendors and customers.

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Analytics allows insurance leader to reduce customer acquisition from weeks to hours

In the insurance industry, winning is all about finding and keeping good customers. But that can be costly, especially when growth is a top priority—bolder marketing and customer acquisition levels can send expenses into the stratosphere. That's one key reason why this insurance leader tapped into the power of analytics.

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IPO-ready finance capabilities that boost agility and innovation

Issue
A leading cloud-based file storage company needed a robust technology platform that could boost its finance capabilities and enable it to produce SEC-ready financial reports in advance of its initial public offering (IPO).

Solution
Oracle Cloud gives the company world-class finance capabilities, while also providing a strong foundation for digital innovations such as:

• Robotic process automation (RPA), which helps the company process more than 1 million transactions per day
• Social media-based collaboration to manage workflows for closing the books
• Digital procurement with automated processing and approval for indirect purchases

Impact
The system is helping the company achieve significant savings annually by optimizing its business activities across geographic boundaries to reduce taxes. Also, as an asset-intensive business, the company is saving millions per year by using the system to manage its data centers and other fixed assets more efficiently. Most important, business leaders now have convenient access to advanced analytics and self-service reporting with real-time drill-down capabilities, enabling faster, more informed decisions and actions that boost the company's agility in the marketplace.

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A global platform that drives digital innovation

Issue
A leading transportation and logistics company needed a cutting-edge technology platform to support its global acquisition strategy and provide a foundation for digital innovation and continuous improvement.

Solution
By implementing Oracle Cloud in its finance and supply chain operations, the company can quickly and easily integrate new acquisitions into its global distribution network. Also, the platform's cloud-based model provides timely access to the latest features and digital innovations, helping enable a faster rate of improvement than is possible with a traditional, multi-year enterprise resource planning upgrade cycle.

Impact
Oracle Cloud can make it easy for the company to harness the power of digital breakthroughs such as RPA, blockchain, and advanced analytics, all of which could dramatically improve the company's operating efficiency and bottom line. For example, by applying advanced analytics to real-time data from the cloud, the company can make smart, on-the-fly decisions about delivery commitments and staffing levels during peak delivery periods.

By using blockchain to enable business-to-business payments, the company can eliminate costly intermediaries and can reduce payment processing time from several days to just a few minutes. And by using RPA to automate system testing, the company can generate a steady stream of software upgrades that enable rapid and continuous improvement across its global operations.

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