Skanska Sweden has gone live with a suite of Oracle Fusion Cloud Applications to consolidate its back office systems as part of a major IT transformation program. With Oracle Fusion Applications for finance, HR and supply chain Skanska can improve insights, reduce costs, and enhance its employee experience.

From New York’s LaGuardia Airport to the UK’s M5 Motorway, global construction company Skanska has worked on development projects at some of the world’s most recognizable landmarks. Founded in Sweden in 1887, Skanska has grown into a $17 billion company offering commercial and residential development services across markets in Europe and the United States.

The project implemented by Oracle Consulting allowed Skanska to move critical applications from an on-premises environment, alleviate the technical burden of upgrades and reduce the reliance on customizations. Skanska recognized the benefits of having a single provider, on a unified platform, deliver applications that are continuously updated.

The Skanska team and its Oracle cohort built more than 190 integrations to other applications that needed data from the cloud-based Oracle applications. For example, Skanska uses integrations that surround the financial portion of Oracle Cloud ERP to allow the company to connect financial data to specialized third-party project management systems, enabling Oracle Cloud ERP to function as the central transaction centre for revenue and expenditures.

At the same time, the teams significantly decreased use of custom app extensions. Skanska now uses 66 extensions to Oracle Fusion Cloud apps for industry and country-specific needs. The company plans to further cut use of extensions to reduce maintenance requirements in its applications.

In addition, Skanska Sweden deployed Oracle Analytics Cloud to generate finance and HR reporting for top management. The team uses that platform for operational analytics based on data from Oracle Cloud ERP. Among other benefits, Oracle Analytics will help Skanska to make decisions about sustainability as it works toward its goal of net-zero carbon emissions by 2045.

As its cloud footprint was expanding, Skanska Sweden also implemented Oracle Identity and Access Management on Oracle Cloud Infrastructure (OCI) to ensure secure access to its Oracle systems. The software helps Skanska track and monitor system access and manage permissions.

Skanska Sweden is now equipped to securely manage data and provide a clearer view of operations. The company is benefiting from an overall reduction in costs and complexity, as Skanska’s IT team is no longer tasked with implementing software upgrades or operating a data center to run ERP and related applications. And Skanska Sweden can now adopt new app features and functionalities as they choose, quarter by quarter, rather than taking on updates only during large, periodic upgrades as they did with on-premises applications.

Looking ahead, Skanska Sweden plans to use its foundation in the cloud to continue integrating finance and other back-office applications with core construction industry processes.

The deal was signed in April 2021. More information on Skanska’s journey with Oracle can be found here.