Oracle, the global leader in financial markets infrastructure and data services, consolidates 17 legacy finance systems onto Fusion Cloud ERPThank you for reading this post, don't forget to subscribe!
LONDON, Oct. 26, 2023 /PRNewswire/ — LSEG (London Stock Exchange Group), a leading global financial markets infrastructure and data provider, has selected Oracle Cloud to transform its finance operations. With Oracle Fusion Cloud and Oracle Financial Services applications running on a unified platform, LSEG will be able to increase efficiency, reduce costs, and improve its financial planning, forecasting and control.
Following recent acquisitions, LSEG saw an opportunity to streamline its operations to enhance business insight and increase profitability across its business segments. To create a global platform for future growth, LSEG decided to replace 17 of its legacy finance systems with Oracle applications.
“We are on a mission to drive sustainable growth for our clients and our entire business. To do this, we must embrace continuous innovation across our operations, including finance,” said Joanna Fielding, group head of finance at London Stock Exchange. he said. Group. “With Oracle Cloud, we will be able to better align our financial operations to improve performance, better utilize data, increase efficiency, and streamline billing – all while providing excellent service to customers. “
Oracle Fusion Cloud Enterprise Resource Planning (ERP) will enable LSEG to automate financial processes and streamline global procurement processes. Oracle Fusion Cloud Enterprise Performance Management (EPM), part of Oracle Cloud ERP, will enable LSEGs to align financial and operational planning, optimize forecasting and scenario planning, and increase the speed and accuracy of reporting. Oracle Revenue Management, Pricing and Billing will help LSEG automate its billing processes, unify its billing operations on a single platform over time, and improve customer time-to-market for new products and services. Will empower customer-centric pricing strategy to accelerate. Experience in a tightly regulated industry.
“Global organizations are prioritizing efficiency and automation to maximize profitability across their revenue sources and better serve their customers,” said Cormac Waters, executive vice president, Oracle EMEA. “With Oracle Cloud, LSEG has an integrated business platform that will shape its future growth with scalable, sustainable financial efficiency and insights that will help it serve more than 45,000 customers globally.”
LSEG will utilize Oracle Guided Learning from Oracle University to support Oracle implementation and accelerate user adoption of the platform.
Oracle offers integrated suites of applications and secure, autonomous infrastructure in Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company – ushering in a new era of cloud computing.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lseg-to-unify-global-finance-operations-on-oracle-cloud-301968062.html