Using a flexible Oracle Planning and Budgeting Cloud Service enabled us to generate management reports in just 10 minutes and share the data across different departments. We can also easily analyze the profitability of each credit card brand against the budget, supporting strategic decisions.
Persona Co., Ltd.—a subsidiary company of H2O Retailing—offers various credit card brands, including Persona, Solena, Hakata Hankyu Emerald, and Emerald STACIA, to customers in Japan. By leveraging its parent company’s extensive retail network of Hankyu Hanshin department stores, Persona issued more than 1 million credit cards. To support rapid growth since the introduction of their own card brands in 2014, Persona wanted to gain deeper insight into the profitability of each credit card brand and make better decisions to develop business strategy.
We chose Oracle Planning and Budgeting Cloud Service because it is flexible, reliable, and easy to deploy. The solution is also subscription based and managed by Oracle experts, helping us to support rapid growth and minimize the risk of system failure.
Persona worked with Oracle Diamond Partner, PwC Consulting LLC and Oracle Platinum Partner TIS Inc. to design the framework and business requirements for the new management reporting and budget analysis system based on Oracle Planning and Budgeting Cloud Service. TIS assisted Persona in system development and demonstration during the implementation. Persona completed the project in approximately three months and the accounting department started using the new system to generate reports for the monthly management meeting in July 2016.
“By leveraging the flexibility of Oracle Planning and Budgeting Cloud Service, we can gradually roll out the solution without requiring full implementation across all areas in one time.” Toru Idutsu, manager, business management office, Persona Co., Ltd.
Persona Co., Ltd. is a subsidiary company of H2O Retailing, which is also a member company of Hankyu Hanshin Toho Group. Persona offers various credit card brands to customers across Japan and also other associated financial services, such as cashing service, mainly in the Kansai region.
Persona engaged TIS to implement Oracle Planning and Budgeting Cloud Service due to their proven track record of delivering successful projects to many other customers. TIS defined system structure and user interface via weekly meetings with Persona and ensured the new platform met the business requirements.
“TIS are not only an IT expert but they also have good knowledge in accounting packages. With their professionalism and friendly staff, we successfully deployed Oracle Planning and Budgeting Cloud Service in a very short time,” Yumi Sawada, sub manager, business strategy office, Persona Co., Ltd.