Oracle Customer Success — IDeA FIMIT sgr

IDeA FIMIT sgr

IDeA FIMIT Automates Data Collection, Analysis, and Reporting with Oracle

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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.

— Michele Cavallo Marincola, Head of Funds Planning, IDeA FIMIT sgr

IDeA FIMIT Strengthens Agility and Competitiveness with Improved Fund Performance Powered by Oracle

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.

 
Challenges
  • Replace time-intensive manual reporting using disparate spreadsheets with dynamic, integrated software solutions for faster, more granular reporting
  • Automate collection, organization, and analyses of wider sets of real estate data to enhance business intelligence and transparency across the enterprise, and increase data accuracy
     
  • Free financial analysts to spend more time evaluating information—including running a multitude of “if/then” scenarios—for more detailed insights across single tenant, single lease/unit, and other property categories
  • Create a central repository for business rules to accelerate decision-making
Results
  • Employed Oracle Planning and Budgeting Cloud Service to automate data collection across disparate systems and numerous spreadsheets into a central repository, significantly reducing the amount of time analysts spent manually collecting and inputting data and eliminating redundant data stores
  • Accelerated accounting and business plan revisions, boosting the company’s agility in serving institutional and retail investors
  • Streamlined quarterly budgeting versus consumption reporting using Oracle Planning and Budgeting Cloud Service’s automated workflows, ad hoc analysis, and native integration with the firm’s enterprise resource planning (ERP) system
  • Strengthened profit and loss, balance sheet, and cash flow business rules on a long-term basis by automating financial calculations while enabling real-time “what-if” analyses of contracts, occupancy rates, rents, and financing/inflation scenarios across each line of business for faster time-to-insight
  • Leveraged cloud computing and Oracle Planning and Budgeting Cloud Service’s built-in financial intelligence to distill 20-year data from more than 41 funds into consumable insights in just a few minutes
  • Leveraged Oracle Planning and Budgeting Cloud Service to customize workflows for greater transparency of how data is collected, enhancing accuracy of processes and financial information
  • Empowered analysts with Oracle Planning and Budgeting Cloud Service´s optimized user interfaces to use web forms or Microsoft Excel to conduct and format analyses efficiently and to their personal preferences

Why Oracle

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.


About IDeA FIMIT sgr

Headquarters

 
Rome & Milan, Italy

Employees

 
128

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.

 

Partners

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.

Published:  Jan 30, 2017