Finance Transformation for Leading Broking Services Provider by Deploying LTI’s Modern Finance Framework

Jan 01, 2022

One of the largest retail broking houses in India providing technology-led services to a large client base.

The legacy ERP landscape had high customizations resulting in costlier upgrades and support.
Lack of digital features and integrated dashboards which users could modify as per individual requirement.
Concerns around the cost of migration, business disruption, and risks during migration.
Due to COVID restrictions, there was need for an IT partner with strong BFSI domain expertise having implemented a similar and entirely remote solution with minimal client intervention.

Performed self-study of client’s EBS configurations and customizations by leveraging LTI’s tools and multi-skilled (Cloud + EBS) professionals with minimal business/IT intervention
Implemented Oracle Cloud ERP for Finance (AP, AR, FA, GL and Cash Management) across eight legal entities/inventory organizations
Leveraged LTI Enclose Framework and CloudVision Methodology for accelerated implementation and in-built change management principles
Developed integrations using Oracle Integration Cloud Service, both from Oracle Cloud ERP as well as third-party application side
Supported client’s business and IT teams to perform data cleansing and extraction
Automated data migration using One-Click migration tool
Delivered BFSI-specific solutions for sub-broker payments
Leveraged LTI’s Cloud Instance and CoE Labs for user familiarization sessions, virtual training, and POCs for critical processes
Leveraged LTI’s xFH framework for effective remote working

Complete project shall be delivered in an estimated 16 weeks of timeline.
Completely offshore-based delivery to provide substantial cost savings.
40% estimated cost reduction on account of LTI tools and delivery model.
20% process automation using PaaS platform and domain expertise.
On-demand support for client activities such as data cleansing, end user training, etc.