LSEG to switch 17 legacy finance techniques with Oracle purposes

London Inventory Change Group (LSEG) has chosen Oracle Cloud to remodel its finance operations. With Oracle Fusion Cloud and Oracle Monetary Companies Functions operating on a unified platform, LSEG will be capable to enhance effectivity, cut back prices, and enhance its monetary planning, forecasting, and controls.

Following latest acquisitions, LSEG noticed the chance to streamline its operations to boost enterprise insights and drive profitability throughout its strains of enterprise. To create a worldwide platform for future progress, LSEG determined to switch its 17 legacy finance techniques with Oracle purposes.

“We’re on a mission to drive sustainable progress for our clients and throughout our total enterprise. To do this, we should embrace steady innovation throughout our operations, together with Finance,” mentioned Joanna Fielding, Group Head of Transformation, Finance, London Inventory Change Group. “With Oracle Cloud, we might be higher capable of align our monetary operations to boost efficiency, make higher use of information, enhance effectivity, and streamline billing – all whereas delivering excellent service to clients.”

Oracle Fusion Cloud Enterprise Useful resource Planning (ERP) will allow LSEG to automate monetary processes and streamline world procurement processes. Oracle Fusion Cloud Enterprise Efficiency Administration (EPM), a part of Oracle Cloud ERP, will even allow LSEG to align monetary and operational planning, optimise forecasting and state of affairs planning, and enhance the pace and accuracy of reporting.

Oracle Income Administration, Pricing, and Billing will assist automate LSEG’s billing processes, unify its billing operations on a single platform over time, and energy a customer-centric pricing technique to speed up time-to-market for brand spanking new services and products whereas enhancing the client expertise inside a tightly regulated business.

“World organisations are prioritising effectivity and automation to maximise profitability throughout their income streams and higher serve their clients,” mentioned Cormac Watters, govt vp, Oracle EMEA. “With Oracle Cloud, LSEG has an built-in enterprise platform that may form its future progress with scalable, sustainable monetary effectivity, and insights that may assist it serve its greater than 45,000 clients globally.”

LSEG will use Oracle Guided Studying from Oracle College to assist the Oracle implementation and speed up person adoption of the platform.