GNP strengthens its finance systems and boosts innovation with Oracle Cloud EPM
The insurance company taps Oracle Fusion Cloud EPM to improve the reliability, traceability, and agility of its budgeting processes.
“Oracle Cloud EPM helped us to continue integrating our business areas and data traceability to make informed decisions for the benefit of our insured.”
Business challenges
GNP Seguros is a Mexico-based insurance company that provides life, medical, casualty, and auto insurance policies to more than 4 million customers. It wanted to improve the efficiency of its services through process automation. The company also sought greater reliability, traceability, and agility in its budgeting processes. It looked for a system that would complement the functionality provided by Oracle Fusion Cloud Enterprise Resource Planning (ERP), which had bolstered its data accuracy, capacity, and security.
Why GNP Seguros chose Oracle
To advance its innovation strategy and improve the efficiency of its services through task automation, GNP Seguros decided to adopt Oracle Fusion Cloud Enterprise Performance Management (EPM) with the additional Oracle Fusion Cloud EPM Planning module, which would further strengthen and consolidate its financial systems.
Results
After implementing Oracle Cloud EPM, the company gained up-to-date data that improved financial projections and budgeting processes. The system helped GNP Seguros maintain an accurate view of its business in the short, medium, and long term, which was critical to the company’s ability to quickly make informed, strategic decisions. Oracle Fusion Cloud EPM also strengthened alignment between business areas through data integration.
Partners
The project was completed in conjunction with GNP partner Nepanoa. The migration process was successful in fostering an open environment among the different areas of GNP Seguros.
About the customer
GNP Seguros is part of one of the largest business conglomerates in Mexico, Grupo Bal, which brings together institutions such as Grupo Peñoles, El Palacio de Hierro, Profuturo, Médica Móvil, Valores Mexicanos, Casa de Bolsa, and Arrendadora Valmex, among others.