Fiat Cuts Sales Reporting Time by 60%—Creates Financial Statements 70% Faster
 
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Fiat Cuts Sales Reporting Time by 60%—Creates Financial Statements 70% Faster

  • Oracle Customer:  Fiat S.p.A.
    Location:  Torino, Italy
    Industry:  Automotive
    Employees:  214,836
    Annual Revenue:  Over $5 Billion

Founded in 1899 in Turin, Fiat S.p.A. is an international auto group that designs, produces, and sells vehicles for the mass market under the Fiat, Alfa Romeo, Lancia, Abarth, and Fiat Professional brands, as well as luxury and performance cars under the Ferrari and Maserati brands. The group has expanded its global reach through an alliance with Chrysler Group, whose product portfolio includes Chrysler, Jeep, Dodge, Ram, and Street and Racing Technology brand vehicles and Mopar after-sales services and products. Fiat also operates in the components sector, through Magneti Marelli and Teksid, and in the production-systems sector, through Comau. The company has built and sold nearly 100 million cars and light commercial vehicles. Fiat’s models have won the European Car of the Year award 12 times.

 
 

 
 

Challenges

A word from Fiat S.p.A.

  • "Fiat’s business is quite diversified and complex with regard to planning and reporting requirements. Oracle products ensure seamless integration of different sources, data, and systems. Exalytics In-Memory Machine enables us to perform multidimensional analyses of financial and commercial information for better business insight.” – Pierpaolo Veglio, Information and Communication Technology Finance Process Manager, Fiat S.p.A.

  • Improve availability of financial information on car sales, methods, and markets and drive more agile business decisions through better reporting
  • Enable multiple users to access and share financial and auto sales information at the same time to speed monthly financial closes and reporting
  • Reduce IT complexity and streamline vendor management
  • Cut costs for IT maintenance and upgrades and shorten time requirements

Solutions

Oracle Product and Services

  • Gained ability to create reports on car brands, sales, markets, and channels 60% faster with Exalytics to enable more informed and timely decisions
  • Gave controllers more timely information on sales of new and used cars and accessories and enabled them to share it quickly with headquarters and local dealers.
  • Consolidated financial statements 70% faster on brands and single products, providing better insight and improving business agility for the financial department 
  • Improved marketing and sales managers’ decision-making and strategy development, thanks to more timely sales and profitability reports
  • Optimized IT platform management and reduced the number of suppliers, thanks to Oracle’s engineered system that integrates hardware and software
  • Decreased by 30% costs and time for IT infrastructure maintenance, and cut servers from nine to two, reducing need for dedicated staff and machine downtime for updates

Why Oracle

Oracle products have always been synonymous with reliability and efficiency. That’s why we chose Oracle Exalytics In-Memory Machine—a one-vendor solution that guarantees excellence for both hardware and software,” said Pierpaolo Veglio, information and communication technology finance process manager, Fiat.

Implementation Process

Fiat implemented its new reporting environment, built on Oracle Exalytics In-Memory Machine, in two months. After a short testing period, Fiat migrated to it quickly and without problems. The project was a success in terms of performance achieved and migration ease.

Partner

“Oracle partner Techedge Group proved to be a valuable partner throughout the project. It carefully analyzed out business requirements and proposed an Oracle solution—Oracle Exalytics In-Memory Machine—which best suited our processing and management objectives,” Veglio said.