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Oracle Cloud ERP will help Ocado Group pioneer, enhance and scale business processes to capitalise on new growth opportunitiesLondon—29 September 2020
Ocado Group (“Ocado”) is implementing Oracle Fusion Cloud Enterprise Resource Planning (ERP) to help support its transformation as it continues to expand into new international markets and industry verticals. With Oracle Cloud ERP, Ocado will be able to quickly and efficiently adapt to changing customer needs by taking advantage of a scalable and flexible business platform that can support its immediate and long-term growth.
A pioneer in online grocery shopping, Ocado is one of the leading technology partners for retail organisations. To scale its operations and help its customers meet rapidly changing demands, Ocado wanted to further optimise its core business processes and selected Oracle Cloud ERP.
“As we help our clients, some of the world’s most forward-thinking retailers, rethink their online strategy, we also need to consider how we can use better solutions within our own business to adapt to the changing economic environment and support our future growth,” said Duncan Tatton-Brown, chief financial officer, Ocado Group. “Oracle Cloud ERP gives us a secure and scalable cloud-based solution that can support our business as it transforms and rapidly grows and will enable our finance team to increase productivity and improve controls.”
Oracle Cloud ERP will enable Ocado’s financial team to automate and centralise key business functions including financials, project management and associated supply chains. By consolidating existing systems, automating manual processes and enhancing reporting, Oracle Cloud ERP will help Ocado’s financial team stay ahead of changing market demands through real-time visibility into key business metrics.
“Ocado were years ahead with their focus on technology to lead the retail experience, they were in a great position to deal with recent industry disruptions,” said Debbie Green, Vice President, Applications, Oracle UK. “By moving financial management to Oracle Cloud ERP, the Ocado team will be able to significantly improve the efficiency and accuracy of business processes, which in turn will help them capitalise on new opportunities and stay ahead of the competition.”
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Ocado Group is a UK based company admitted to trading on the London Stock Exchange (Ticker OCDO). It comprises Ocado Solutions and a 50 per cent share in Ocado Retail, a joint venture with M&S in the UK, trading as Ocado.com. Underpinned by Ocado’s proven expertise and experience as a dedicated online grocer in the UK for almost two decades, Ocado Solutions now provides the Ocado Smart Platform (OSP) as a service to retailers around the world. OSP comprises an end-to-end service inclusive of access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the proprietary software applications required to operate a world class online grocery business.