Migration to Oracle SaaS ERP Applications and Digitize Financial Operations for a Premium Broking and Wealth Management House

Client

The client is a premium broking and wealth management house.

Challenges

• Existing ERP has heavy customizations resulting in costlier upgrades and support.
• Lack of digital features and integrated dashboards for real-time insights.
• Contract with incumbent vendor was nearing completion, resulting in a very short window for an ERP application change in a Covid situation.
• Need a partner with experience of BFS industry to deliver an integrated solution across Financials, Procurement, Payment gateways, and revenue management systems.

LTM Solution

• The project is delivered leveraging our xFH framework for effective remote working.
• Cloud VisionNxt methodology fast-tracked the implementation in 16 weeks.
• Implemented Oracle ERP Cloud (GL, AP, AR, Cash& Expense Management) modules across legal entities, integrating with several applications using Oracle Integration Cloud Service.
• Delivered a custom solution for sub-broker payments.
• LTM Enclose framework with pre-configured modern best practice business processes helped in solution acceptance with minimal Business / IT intervention.
• A touchless ERP experience is delivered with our one-click data migration tool and test automation platform.

Business Benefits

The following benefits are expected over the next few years:

• 30% Savings on TCO of application management.
• Cohesive processes, unified data support for industry regulatory compliance.
• Role-based information access for finance and management reporting.