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Migrating to Oracle Cloud solutions has been instrumental in tripling our capacity to innovate and reducing operational costs by US$376,000. It also facilitated a positive cultural change across the enterprise and helped us adapt and respond quickly to new opportunities.
Australian Finance Group Ltd. (AFG) is Australia’s largest mortgage broking group, offering residential home loans, commercial mortgages, and other financial products, including insurance, equipment and leasing finance, and personal loans.
As part of the key business strategy, AFG wanted to move its on-premises applications—such as its planning tool—to the cloud, focus on effective innovation, meet board expectations, and keep up with the changing market.
We moved to Oracle Cloud solutions because we already had significant investment in Oracle’s technology and Oracle also offers the most comprehensive solutions in the cloud space, making the transition very simple and fast for us.
With assistance from Oracle Partner, DXC Red Rock (formally M-Power Solutions), AFG first migrated its on-premises Oracle Hyperion Planning to Oracle Planning and Budgeting Cloud Service in just two months and within budget. The successful adoption prompted AFG to implement other Oracle Cloud solutions, including Oracle Enterprise Resource Planning Cloud and Oracle Sales Cloud. It completed the entire project in 18 months.
“With increasing business complexity and size, it was logical for us to adopt a cloud-first strategy across our applications. Oracle Cloud solutions give us the ability to focus on improving our products and services and meet market expectations,” McGee said.
Founded in 1994, Australian Finance Group Ltd. (AFG) is Australia’s largest mortgage broker service provider with access to over 40 lenders and 2,650 brokers nationwide. In addition to home loan products, AFG also offers commercial finance, AFG-branded securitized products, and insurance products.
With deep understanding of AFG’s business needs, DXC Red Rock assisted AFG to manage the entire migration project to Oracle Planning and Budgeting Cloud Service—from arranging contracts to cloud subscriptions.
“We were the first Australian company to adopt Oracle Planning and Budgeting Cloud Service and DXC Red Rock handled the process extremely professionally,” McGee said. “Working with the right partner also enabled us to quickly realize the benefits of Oracle Cloud.”