Discover more stories from companies that have led the digital transformation in the financial area with Oracle Financials Cloud.
Company digitalisation becomes a reality with Oracle Cloud Applications (SaaS)
Discover how this was achieved through testimonials from customers in various market segments across Europe
Third edition
Finance
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Media and Entertainment
RCD Espanyol Implements Cloud ERP to Improve Financial Reporting Speed, Accuracy, and Capabilities
Founded in 1900, RCD Espanyol is a Spanish football club that competes in La Liga, the highest division of Spanish football. Throughout its long history, RCD Espanyol has participated in other sports, but today focusses solely on football. The club is currently experiencing a rebirth after being acquired by Rastar Group, a Chinese company that is propelling the club competitively, socially and financially. RCD Espanyol, a Barcelona-based club with a strong and loyal fan base, is recognised across the Spanish First Division and is in the process of establishing itself as a key player in the world of international football.
Challenges
Replace a local, outdated and limited accounting software package with a modern enterprise resource planning (ERP) cloud system to improve data quality, while streamlining and automating financial processes following the club’s acquisition by a Chinese investor.
Gain visibility and access to the club’s financial information in the cloud from anywhere in the world to enable financial staff and foreign investors to track operations and financials.
Gain flexibility and speed in reporting, enabling the club and its investors to report on football, operations and branding income and expenses at a faster speed and a more in-depth level.
Solutions
Implemented Oracle Financials Cloud, enabling the club and its investors to access financial data in real time from anywhere in the world.
Unified all financial data and automated reports and analytics, reducing reporting time by 50% and gaining the ability to analyse financials at the most granular transactional level or at the high-level corporate level.
Reduced payment processing times by 80% by digitising more than 4,000 paper invoices a year and automating payments and accounting.
Reduced errors in reporting, expenses, and invoicing by more than 25% and improved billing cycle time by 100% by automating redundant manual processes.
25%
Eliminated IT management of the previous accounting software by moving to Oracle Financials Cloud, allowing the club to focus on winning football matches and building its global brand while Oracle manages the application’s maintenance.
We chose Oracle Financials Cloud because it meets the needs for our ambitious strategy to globalise our brand. It enables us to control data centrally and access it remotely, and its flexibility and automation features have boosted productivity by more than 20% while reducing errors by over 25%.
—Joan Fitó,
Financial Director, RCD Espanyol
Retail
Fast implementation and deployment
Amplifon is an Italian global corporation leader in hearing solutions. It is present in 22 countries with more than 5,000 points of sale, over 3,000 service centres and more than 10,000 professionals worldwide.
The cloud-based solution adopted by Amplifon has enabled the company a faster implementation and a faster deployment in all countries where it is present.
The latest software selection on controlling, budgeting and planning has been chosen because it is cloud-based and fully integrated with our operations.
—Ugo Giorcelli,
CFO, Amplifon
Professional Services
Smart Citizen used ERP Finance and Accounting in the cloud to support the growth of millions of daily transactions around the world
Smart Citizen is a fast-growing startup that develops open-source software for cities of all sizes across the world to alleviate traffic and reduce pollution, using technology to improve all aspects of city parking. Via an app, cities and citizens can find and display free parking spots in streets and structures; fully automate payments (including processing, accounting and invoicing); provide on-demand pricing to match demand and keep traffic at desired levels; analyse costs; guide different types of vehicles (such as hybrids and electric cars) to appropriate parking spots; and charge different parking prices based on vehicle type.
Challenges
Implement a cost-effective Enterprise Resource Planning (ERP) platform that is accessible to any present and future authorised collaborators across the world, supporting the company’s aggressive growth plans to deploy its parking app to millions of paying users in cities of all sizes worldwide.
Consolidate, manage and report on financial, tax, accounting, payroll and accounts payable information accurately, consistently and easily from any of the company’s offices in four countries in line with the different accounting and tax rules in each jurisdiction where it operates.
Provide detailed insights on cash flow, invoicing and expenses to the company as well as to the cities that use its open-source software, to make more informed business decisions based on accurate data.
Solutions
Implemented Oracle Financials Cloud and Oracle Accounting Hub Reporting Cloud to gather, consolidate, analyse and report on all of the company’s financial, accounting and tax data, as well as on end users of its open-source mobile app—who can find parking and automatically pay for it from their phone.
Ensured secure access to financial data to authorised collaborators in five countries, enabling the ability to easily add more users and data as the company grows and penetrates new markets and ensuring the flexibility and local adaptability to meet the different tax and accounting requirements of each country where the company operates.
Gained the scalability and agility necessary to support the company’s exponential growth—further future-proofing its financial and accounting ERP by selecting a cloud solution, ensuring the company continuously benefits from the latest technology and eliminating the need for physical processing and storage infrastructure, in line with the company’s strategy to quickly multiply its operations worldwide.
Supported future growth to millions of daily transactions in dozens of countries and currencies and invoicing each of its clients (the cities that make Smart Citizen’s mobile app for parking available to their residents), securely providing them with the information they need to accurately bill and report on their accounts, as part of their obligations as public institutions.
Enabled clients and internal collaborators in different countries to make better business decisions by providing accurate financial data in realtime.
The scalability, flexibility, and security of Oracle Enterprise Resource Planning Cloud enable us to confidently use it as a pillar in our strategy for growth to millions of daily transactions worldwide.
—Cesar Castro,
Chief Financial Officer, Smart Citizen
Industrial Manufacturing
Going live in record time
Elettrica Roma Nord
Elettrica Roma Nord is a consortium company within the Cefla group operating in the utilities sector.
Just three months after its creation, the consortium company was able to use the purchasing solution and the ERP suppliers accounting solution. In addition, the company benefits from the ability to access the tools from different locations thanks to the flexible usability of Oracle Cloud.
The Cloud approach has allowed us to avoid all those implementation issues that a standard solution would have involved.
—Alessio Monni,
Project Controller, Cefla S.C. Elettrica Roma Nord
Manufacturing
Nexans optimises its management system with Cloud Oracle EPM
French company Nexans is one of the global leaders in the cabling industry. Present in four main business areas (the transport and distribution of energy, energy resources, transport and building) and in no fewer than 40 countries, its turnover in 2014 was estimated at 6.4 billion euros. The company is also highly active in the fields of energy transition and innovation.
Challenges
The transformation of Nexans’ finance division was part of the group’s global transformation approach. It aimed to achieve rapid deployment and improve predictive power, by focusing on three main lines of action: organisation, process and tools.
Solutions
Oracle’s Planning Cloud solution allowed Nexans, using its SaaS mode, to remain efficient with a rapid deployment capacity. The planning functionalities were perfectly integrated into its existing consolidation solutions, allowing for full integration within the group. The deployment was a success, as the company succeeded in respecting the group’s schedule and obtained very positive feedback from its users.
We chose Oracle Planning Cloud to benefit from a rapid deployment.
—Emmanuel Savary,
Controlling Director, Europe
Professional Services
Strengthening agility and competitiveness with improved fund performance
IDeA FIMIT is a leading Italian Asset Management company, specialised in the management of real estate investment funds. The company strives to align the needs of national and international investors with development, promotion and management of real estate financial instruments. IDeA FIMIT chose Oracle Planning and Budgeting Cloud Service because of its rapid deployment, low cost of ownership and customisable workflows.
Challenges
IDeA FIMIT needed to implement a dynamic and integrated software solution for faster reporting. It also needed to automate the collection, organisation and analysis of wider sets of real estate data to enhance business intelligence and transparency across the enterprise.
Solutions
The company employed Oracle Planning and Budgeting Cloud Service to create a central repository, significantly reducing the amount of time analysts spent manually collecting data.
It accelerated accounting and business plan revisions, boosting the company’s agility in serving institutional and retail investors.
Oracle Planning and Budgeting Cloud Service enables our analysts to evaluate huge amounts of fund data in a fraction of the time our old system required. They now spend more time working on deep-dive analyses using more accurate information to improve the performance of our funds.”
—Michele Cavallo Marincola,
Head of Funds Planning, IDeA FIMIT
Engineering and Construction
Kolos Cement opts for a unified solution with Oracle Cloud
The Mauritian cementier Kolos Cement has used Oracle Cloud to improve its internal efficiency and increase its productivity.
The company has decided to replace its ERP system with a modern platform that improves its visibility, but also makes it possible to rationalise the production, sales, purchasing and financing processes.
By having direct access to reports, company managers can react faster, while minimising their exposure to risk.
Oracle Cloud was better suited to our needs than other solutions, firstly due to the product's flexibility and extensive features, which required very little customisation from us, and secondly thanks to a low total cost of ownership.
—Shaun Kim Tiam Fook Chonga,
CFO, Kolos Cement Limited