ISV Implements Oracle Cloud in Record Time to Modernize its Finance Function Accelerators

Client

A prominent software and consulting firm offering innovative solutions to improve customer engagement, boost operational efficiency, and build a more sustainable energy future.

Challenges

• Multiple lines of business under two legal organizations with data stored across lines of business (LOBs).
• Challenges in true LOB reporting for budgeting, planning, revenue, and profitability reporting.
• Cross-LOB user access and lack of structured SoD definition. 
• Demerger for line of business under unique legal organization across the globe for true representation of business viability. 
• Concerns around the cost of migration, business disruption, and risks during migration.
• Sale of one LOB just before the onset of COVID-19 warranted separation of lines of business under new legal entity in a week. 

LTM Solution

• LTI leveraged its smart configurations, pre-built business process templates, and One-Click migration tool along with LTI Enclose framework to complete the demerger on Oracle cloud pre-configured Oracle Cloud instance used in parallel to familiarize and train the key users/end users on the client side through virtual training rooms
• Developed and tested prototype scenarios to ensure all demerger/integration points were aligned
• Automated Agile DevOps toolkit leveraged to accelerate testing and deliver custom PaaS-based extensions for UAT within 15 days from project launch
• LTI’s proprietary and innovative xFH framework used to drive the complete project remotely with minimal client intervention
• Technology modules deployed included Oracle ERP Cloud, SCM Cloud, HCM Cloud, and Project Portfolio Management

Business Benefits

• Project completed in record 40 working days.
• 60% reduction in migration costs.
• Profitability reporting by LOB.
• 30% process automation.
• 100% data migration accuracy.
• Migrated and integrated all data and processes into a unified system.
• Support for key business processes and decision-making at all levels.
• Higher flexibility to cater to new business requirements.