With Oracle Cloud ERP, TIDLOR is able to streamline its internal processes to increase productivity and upgrade to an up-to-date platform with flexibility to meet ongoing compliance and regulatory requirements.Bangkok, Thailand—April 19, 2021
Ngern Tidlor (TIDLOR) has selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) to support its mission to improve access to fair, transparent, and responsible financial services for underbanked Thais. With Oracle Cloud ERP, TIDLOR is able to streamline its internal processes to increase productivity and upgrade to an up-to-date platform with flexibility to meet ongoing compliance and regulatory requirements.
With over 1,000 branches in 74 provinces nationwide, having an efficient back-office environment is key for TIDLOR to provide a hassle-free experience to its end users and cater to the local compliance regulations.
“As part of Ngern Tidlor’s digital transformation journey, we’ve selected Oracle Cloud ERP because it future-proofs our platform with ongoing up-to-date functionality and capacity that could be easily scaled on the cloud with minimal IT maintenance,” said Bernard Tso, Head of Marketing & Business Development, Ngern Tid Lor Public Company Limited.
Oracle Cloud ERP uses built-in data science to strengthen financial controls, stop cash leaks, streamline audit and detect emerging risks—while helping finance teams reduce time spent on labor-intensive security and compliance tasks. With Oracle Consulting as the implementation partner, TIDLOR is now able to enjoy the latest in innovation with continuous technology updates, while pervasive artificial intelligence and machine learning helps TIDLOR identify anomalies, predict possible outcomes and make recommendations.
“The role of financial institutions is transforming at an unprecedented speed and disruptors like TIDLOR are spearheading this change. Businesses should not be restricted by aging and traditional technology systems when the speed of innovation, cyber resilience and ability to extract value from data are fast becoming key business differentiators. By opting for continuous innovation, TIDLOR can truly maximise its business potential and deliver on its mission,” said Wallapa Piemnoppakao, head of applications, Oracle Thailand.
With more than three decades of experience in providing financing to the underbanked Thai population, Ngern Tid Lor Public Company Limited (“TIDLOR”) is a fast-growing leader in the vehicle title loan market in Thailand. It is also a non-life and life insurance broker with the largest number of licensed branch staff in Thailand.
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