FlexiGroup, the Australian finance and leasing company, needed to consolidate 60 legal entities built up through acquisition onto one common financial process – and wanted it live within a year, by the start of its new fiscal year.
FlexiGroup rolled out Oracle Financials Cloud on schedule, going live on 1 July 2016 with a team of around 60 people, standardising processes across every acquired entity without customisation.
“What impressed us about Oracle was its decades of ERP experience and deep R&D commitment to the cloud,” said David Stevens, FlexiGroup’s CFO at the time – the move halved month-end closing time to four days and sped up accounts payable processing by 40%.
