Everybody knows that customer expectations are on the rise. And with that, industries start to change, forcing businesses to adapt and keep pace – or risk falling behind.
This ebook explores how organisations like yours teamed up with Oracle to move their on-premises ERP systems to the cloud – modernising their finance and operational processes.
Take a look at how, with Oracle, businesses across a number of industries have de-risked and accelerated their journey to the cloud.
Financial Services
Why a Worldwide Investment Firm Replaced Oracle E-Business Suite with Oracle Enterprise Resource Planning Cloud
A leading worldwide investment firm that was hosting its systems on-premises faced time-consuming and expensive upgrades. This hindered its ability to move forward and grow.
What it needed was a cost-effective solution that consolidated, modernised and standardised its financial and operational processes and systems – without incurring too much downtime.
Using its Accelerated Migration Toolkit, Oracle Consulting provided a clear path to the cloud. Now, the investment firm is able to collect, consolidate and analyse financial data faster and more accurately.
Doing things the old way was going to get us the same old answers.
Matthew Trager, Head of Finance Data and Architecture,
Lloyds Banking Group
Lloyds Bank Consolidates and Standardises Financial Processes in the Cloud
Known as one of the “big four” clearing banks, Lloyds Bank is a British retail and commercial bank with branches across England and Wales.
Its existing systems – old versions of Oracle E-Business Suite and SAP – were no longer able to meet new, strict regulations in the financial sector. So Lloyds Bank adopted Oracle Cloud Financials, removing the need to manage its in-house data centre and allowing staff to focus on tasks that drive business results.
That’s when Lloyds Bank discovered Oracle SaaS Cloud Financials. Senior employees recognised the potential of a modern solution that offered built-in analytics – giving them the flexibility to work more effectively.
Now, the bank is able to manage its financial information more efficiently, using built-in analytics to access real-time, accurate information, and reduce the risk of human error.
How a German Bank Significantly Reduced Total Cost of Ownership
A state-owned German bank was facing tough times after the 2007 to 2008 financial crisis.
At that time, the company was doing its planning manually, using spreadsheets. The complexity and diversity of private banking, corporate finance, capital markets, real-estate finance and restructuring (and the risk of poor data security) meant that the bank needed a professional financial planning solution.
The firm’s finance and controlling teams also wanted to reduce the time it took and the cost associated with completing the entire planning process. So the CIO decided to launch a cost-cutting programme, and that’s where Oracle Planning and Budgeting Cloud Service came in.
By moving from on premises to the cloud, the German bank could completely eliminate maintenance and hosting costs. It also benefited from shorter planning cycles and a better understanding of the business.
