Making Digital Business a Reality with Oracle Cloud Applications (SaaS)
Learn How from Real-Life Customer Stories Across Industries
Europe, Middle East and Africa
Edition 1
Finance
Stronger Accounting and Financial Management Across a Complex Enterprise Group
Khaleefa Butti Bin Omair (KBBO) Group is a leading investment group with a diverse portfolio. Operating in the United Arab Emirates and across the Middle East since 2004, it is aiming to achieve global integration and transformation in line with Abu Dhabi’s 2030 Economic Vision.
A complex group of companies, KBBO wanted to increase the efficiency of managing operations across its varied companies. To do this, it aimed to replace stand-alone HR and payroll systems with a single, unified ERP solution.
Challenges
KBBO wanted to eliminate manual finance, payroll, and procurement processes to further optimize efficiency and increase financial data visibility across all group operations.
Solutions
With Oracle Enterprise Resource Planning (ERP) Cloud, KBBO has been able to standardize financial, supply chain, and HR management processes across the group, increasing management control and laying the foundation for optimized governance.
The new solution has also helped the group improve application visibility, offering real-time insights across companies. Similarly, group operations are more efficient, with IT staff workloads being reduced by 30–40 percent.
20% cheaper than competitors’ solutions.
Oracle ERP Cloud was the best option for us—secure, easy to use, managed by experienced engineers, requiring zero hardware investment, and 20 percent cheaper than the competitors’ solutions.
—Samir Mayani,
IT director, Khaleefa Butti Bin Omair Group
Improving Planning, Budgeting, and Reporting with Oracle
Ocado is the world’s largest dedicated online grocery retailer with more than 500,000 active customers shopping with them today.
See how Ocado upgrades from spreadsheets and eliminates human error with scalable, insight-rich Oracle Finance Cloud solutions.
There are two main reasons why we picked an Oracle solution. Firstly, our main direct competitors use an Oracle planning solution. And secondly, Gartner Magic Quadrants named Oracle solutions number one for the last couple of years.
—Vineta Bajaj,
Group Financial Reporting Manager, Ocado
Centralizing Financial Information for Greater Visibility
King Abdullah University of Science and Technology (KAUST) is a private university that focuses exclusively on graduate education and research, employing 2,500 people.
The institution wanted to reduce the time and effort required to collect and process planning and budgeting information from each of its business sections, enable staff to increase business value by spending less time on routine tasks and more on strategy, and increase the visibility of budget submissions.
Challenges
It was also keen to ensure management-reporting information is always accurate and up to date, enhancing the flow and security of planning and budgeting data—from campus-maintenance costs to laboratory equipment used in science and technology research.
Solutions
KAUST deployed Oracle Planning and Budgeting Cloud Service, and realised benefits including increased staff and business efficiency; enhanced analysis, monitoring, and management reporting; reduced time spent by planning and budgeting staff on data collection, freeing them up to work on higher-profile projects; and improved security and flow of data.
Many of these advantages were facilitated by the solution’s single automated system for centralizing all planning and budgeting information in the cloud. This has also ensured that staff have on-demand access to up-to-date financial information, and enabled the institution to meet its deadlines for the annual budgeting cycle.
Reduced overall time spent on data collection by more than
With Oracle Planning and Budgeting Cloud Service, we now have data on demand, enabling us to use our time more effectively and provide real business value to the university, instead of chasing down multiple spreadsheets and manually aggregating data.
—Jamie O’Brien,
Manager, Planning and Budgeting Operations,
King Abdullah University of Science and Technology
Seamlessly Connecting HCM, Payroll, and ERP in the Cloud
Marka
Founded in 2014 and listed on the Dubai Financial Market, Marka is a world-class company whose mission is to enhance the retail experience of customers by operating exciting and unique fashion, hospitality, and sports brands.
See how Marka is using Oracle’s easy-to-use, fast-to-deploy HCM, payroll, and ERP cloud solutions to ensure everyone’s working from the same data.
We completed implementation in about four months, and that was not possible with any other solution. I have been working with Oracle technologies for about 15 years, and I feel that Oracle Cloud is the future.
—Kamal Rizvi,
IT Manager, Marka
Improving Performance Insights with Oracle Planning and Budgeting Cloud Service
Camaïeu is a French clothing designer, distributing women’s apparel—from skirts and coats to knitwear and accessories—through a network of more than 1,000 stores in 18 countries worldwide. The organization has 6,000 employees.
Camaïeu was keen to monitor the financial results of each store it distributes to, delivering timely financial information to ensure competitiveness.
Challenges
The company also wanted to centralize its data management to ensure both the security and transparency of its information for internal and external auditing.
Plus, it wanted to transform its existing spreadsheet-based financial reporting process into the leading-edge, robust, and flexible analytics system its shareholders had come to expect in terms of accuracy, granularity, and speed.
Solutions
Starting with 750 stores across France, Poland, and Italy, Camaïeu deployed Oracle Planning and Budgeting Cloud Service. The financial-reporting solution empowered the company to provide and leverage financial information in any granular and aggregate format, such as per item, store, or country.
Since implementation, Oracle Planning and Budgeting Cloud Service has delivered store-specific visibility within 10 days of financial close, saving business analysts and controllers up to four days a month each so they can focus on strategy; centralized financial information for improved security and reliability; increased shareholder confidence in the company; and more.
As a result, Camaïeu has anticipated rollout of the service across all 18 European, North African, and Middle Eastern countries.
Camaïeu now provides accurate, highly formatted financial statements to stakeholders 10 days faster than before.
Oracle Planning and Budgeting Cloud Service enables us to focus on our retail core business and empower financial analysts and controllers to improve our decision-making by acting on the future rather than struggling to analyze the past.
—Bertrand David,
CFO, Camaïeu