Future State - The Oracle Consulting Blog

Standardizing with ERP Cloud for retail industry

A few months back, one of Oracle Consulting’s retail customers went live with Oracle ERP Cloud. As with all players in the retail industry, the stakes were high. This customer is on a path to rapid growth and development across Western Europe and have a coordinated focus to modernize and standardize across their Finance, HR and IT business functions. The time that they hoped to save on manual effort and duplication of effort would be utilized more effectively and judiciously on innovation and growth.

Oracle ERP Cloud has the right tools and standardized approach, enabling this customer to focus on value add services by freeing up their resources otherwise occupied. The Oracle ERP Cloud implementation included Financials, Project Financial Management, Purchasing, Advanced Collections and Automated Invoice Processing for several their users. Oracle Consulting’s proprietary True Cloud Method was used to implement a best practice solution with clear roles and responsibilities that also took into consideration this customer’s local legal and compliance requirements.

Among several, our customer now has enhanced financial data that enables the Finance function to become trusted business partners and support strategic business decisions, a standardized accounts structure enabling consistent financial reporting and consolidation, reduction in manual effort and errors, and allows them to use their time wisely and judiciously to support business innovation and growth. 

To learn more about Oracle Consulting’s ERP services, click here.

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