Oracle Planning and Budgeting Cloud Service enables our analysts to evaluate huge amounts of fund data in a fraction of the time our old system required. They now spend more time working on deep-dive analyses using more accurate information to improve the performance of our funds.
Since its creation in 2011 from the merger of real estate investment firms FIMIT sgr and FARE sgr, IDeA FIMIT sgr has ascended to the top of the Italian real estate market and become a power player in Europe. The company strives to align the needs of national and international investors with development, promotion, and management of real estate financial instruments. Operating from central offices in Rome and Milan, the firm manages billions of euros worth of real estate assets for dozens of institutional clients and tens of thousands of retail investors throughout Italy.
IDeA FIMIT chose Oracle Planning and Budgeting Cloud Service because of its rapid deployment, low cost of ownership, and customizable workflows. The cloud solution integrates seamlessly with the company’s ERP system and delivers exponentially more computing power. IDeA FIMIT also valued the convenience, scale, and customization of a cloud solution without the hassles or costs of conventional intelligence platforms.
IDeA FIMIT sgr is a leading Italian asset management company, specialized in the management of real estate investment funds. The firm is one of the top players in Europe, with more than $8 billion of assets under management and 41 funds—five of which are listed on the Italian Stock Exchange—and serving approximately 90 institutional investors and more than 70,000 retail investors.
IDeA FIMIT worked with Oracle Platinum Partner Reply Consulting to configure and deploy its Oracle solution. IDeA FIMIT chose Reply Consulting because of the company’s 360 degrees of support in mission critical areas and the consultants’ deep knowledge of software solutions and strong system integration capabilities. In particular, Reply Consulting specializes in designing multichannel models and solutions, mobile payments, and cyber security for financial services firms and is a long-standing Oracle partner.