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Oracle Customer Success — Marcura Equities FZE
Marcura Group Supports Business Expansion into New Geographies with Cloud Financials and Analytics
ShareOracle Enterprise Resource Planning Cloud revolutionized our productivity with real-time financial metrics reporting across eight legal entities and multiple lines of business. We now consume the analytics on any device and enjoy enterprise-grade robustness and support without investment in infrastructure.
Marcura Equities FZE (Marcura) invests in companies that focus on providing business solutions designed to help their customers in the global maritime industry streamline processes, navigate increasingly complex regulations, and mitigate business risks. The Marcura Group currently has a portfolio of 8 companies with more than 550 employees. DA-Desk FZ LLC (DA-Desk), the flagship company of The Marcura Group, is the largest independent provider of global port cost management services, processing over 140,000 port calls per annum on behalf of its 225 customers.
Challenges
- Provide management with visibility into financial results and assets across multiple legal entities, business units, and geographies by reducing financial system complexity and introducing streamlined business processes critical to the port management services company
- Centralize maritime industry data coming from offices around the world into single-source-of-truth analytics—based on local regulations and accounting principles—required for quick decision making and for regulatory compliance
- Maximize the return on investment in new ventures by creating a backbone of scalable technology and operational workflows that are globally relevant for The Marcura Group’s maritime services operations and will help to seamlessly integrate newcomers
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Leverage open standards to integrate the financial management system into the overall architecture of The Marcura Group, facilitating intercompany accounting and information exchange between business units, such as DA-Desk and PortLog
Results
- Deployed Oracle Enterprise Resource Planning (ERP) Cloud as the key technological component of The Marcura Group’s strategy, enabling Marcura to place service functions and innovation programs geographically close to the maritime community and leveraging their experience to innovate, raise standards, and reshape the industry for the future
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Empowered staff to focus on delivering efficiency, transparency, and compliance with the shipping industry by integrating Oracle ERP Cloud with the existing environment, which streamlined internal workflows, reduced paperwork, and accelerated business operations
- Gained the ability to manage and report on financial, tax, accounting, payroll, and accounts payable information accurately, consistently, and easily from any Marcura company or business unit, in line with the different accounting and tax rules in each jurisdiction where it operates
- Supported executive-level decisions—such as what ventures to invest in next—through interactive dashboards and ad-hoc reporting, consolidated account status views, key performance indicators, and strategy management tools
- Achieved the technical scalability and business agility necessary to support the company’s exponential growth by improving communication and collaboration across all business units and supporting business model transformation
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Met compliance standards for international accounting and financial reporting requirements, ensuring business integrity for expansions and acquisitions in the maritime services industry
We selected Oracle Enterprise Resource Planning Cloud over SAP and Sage due to its comprehensive nature and superior cloud capabilities. Our company is founded on the principles of compliance, independence, transparency, and efficiency, and we believe in open standards. Oracle aligns well with our values.
About Marcura Equities FZE
Headquarters
Dubai, United Arab Emirates
Employees
550
Partners
“Once we decided that Oracle Enterprise Resource Planning Cloud was the right solution, we looked for a partner who could complete the deployment in three months and be an integral part of our growth. Clover Infotech has done a stellar job of implementing the solution and offering continued support to us.” – Tushar Trivedi, head of accounting, Marcura Group.
