Ocado Retail boosts finance efficiencies with Oracle Fusion Cloud ERP and EPM

The online grocer integrates Oracle Fusion Cloud ERP and EPM to reduce data complexity and manual processes, setting the stage for future growth.

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The implementation of Oracle Fusion Cloud ERP and Cloud EPM means that the business is ready for future growth and that next stage of our journey, where we unlock the potential of automation and efficiency. This allows the finance function to focus on more value-added activities and really drive the growth and future performance of the business.

Barry TysonFinance Transformation Lead, Ocado Retail

A joint venture between Marks & Spencer Group and Ocado Group, Ocado Retail is the fastest-growing same-day grocery service in the UK. The company decided to move to Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM) because the applications would allow Ocado Retail to manage its accounting, reporting, budgeting, and forecasting processes through an integrated system, helping to improve decision-making. Also, the company’s finance team would be able to take advantage of the applications’ automation and built-in AI for better visibility into the business. Ocado partnered with Oracle Consulting for an end-to end implementation that took just nine months. The company now uses Oracle Guided Learning to provide continuous step-by-step in-application guidance for its users. By implementing one-to-one mapping between Oracle Fusion Cloud ERP and Cloud EPM, Ocado Retail significantly reduced the complexity of its master data and decreased the number of accounts in its systems by 70%. The company is also using Oracle Intelligent Document Recognition within its accounts payable function to increase automation and reduce manual invoice processing work.

Published:February 19, 2025
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