The London Inventory Change Group (LSEG) has opted to revamp its finance operations by altering its 17 legacy finance applications with Oracle Cloud‘s functions.
With Oracle Fusion Cloud and Oracle Financial Suppliers Capabilities engaged on a unified platform, LSEG will likely be able to improve its effectivity, reduce costs, along with improve its financial planning, forecasting, and controls.
The legacy applications shall be modified with Oracle Fusion Cloud Enterprise Helpful useful resource Planning (ERP), Oracle Fusion Cloud Enterprise Effectivity Administration (EPM), and Oracle Earnings Administration, Pricing, and Billing.
It would allow LSEG to automate financial processes, streamline worldwide procurement processes, align financial and operational planning, optimise forecasting and state of affairs planning, improve the speed and accuracy of reporting, and automate billing processes.
LSEG may even be using Oracle Guided Finding out to assist the implementation and pace up individual adoption of the platform.
The switch is part of LSEG’s broader effort to streamline its operations following newest acquisitions.
Joanna Fielding
“We’re on a mission to drive sustainable improvement for our purchasers and all through our entire enterprise. To do this, we should always embrace regular innovation all through our operations, along with Finance.
With Oracle Cloud, we will be larger able to align our financial operations to spice up effectivity, make larger use of information, improve effectivity, and streamline billing – all whereas delivering wonderful service to purchasers,”
talked about Joanna Fielding, Group Head of Transformation, Finance, London Stock Change Group.
Cormac Watters
“Worldwide organisations are prioritising effectivity and automation to maximise profitability all through their earnings streams and better serve their purchasers.
With Oracle Cloud, LSEG has an built-in enterprise platform that may kind its future improvement with scalable, sustainable financial effectivity, and insights that may help it serve its higher than 45,000 purchasers globally,”
talked about Cormac Watters, Authorities Vice President, Oracle EMEA.
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