Ocado Retail, the world’s largest dedicated online supermarket has announced the successful migration of its business systems to Oracle Fusion Cloud Enterprise Resource Management (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM). The modernisation programme, implemented by Oracle Consulting, is expected to help improve finance, procurement, and planning workflows. Oracle says this will allow Ocado Retail to deliver a seamless customer shopping experience.
Ocado Retail, a collaboration between Marks & Spencer Group and Ocado Group, offers convenient online grocery delivery via Ocado.com and Zoom by Ocado. With 961,000+ active customers and continued growth, Ocado Retail uses Oracle Fusion Applications to help create efficiencies across business processes. The company aim to ensure data is accurate, up-to-date and utilised effectively for decision-making insights.
Automating financial processes
According to Rebecca Burn, Oracle Systems Manager, Finance at Ocado Retail, “We have a long relationship with Oracle. We value its insights, expertise, innovation, and the seamless on-boarding processes that helped us move closer to our modernisation goals.”
“With Oracle Cloud ERP’s automation capabilities, controls, and data insights, we can focus more time on our mission. To change the way people shop for their groceries and ultimately make our customers’ lives easier.”
With Oracle Cloud ERP, Ocado Retail has automated financial processes and streamlined procurement processes. The company has improved controls by consolidating numerous business systems on one enterprise-scale SaaS application. Oracle Cloud EPM has helped improve decision making, with scenario modelling and built-in advanced analytics.
Additionally, Ocado Retail benefits from Oracle’s continuous innovation of its services. This is achieved through intended quarterly updates, enhancements, or upgrades, including AI and machine learning features.
Ocado Retail is using Oracle Guided Learning from Oracle University to accelerate user adoption of the platform.
Enterprise Times: What this means for businesses
Ocado Retail has been in the forefront of providing customers with an effective and seamless user online grocery shopping experience. To remain ahead of competitors, the company has moved finance to the cloud. Ocado Retail expects the migration will improve decision-making insights and streamlined business processes to support growing customer base.
Ocado Retail has consistently invested in the technology to meet its business needs and goals. With Oracle Fusion Applications integrated finance platform supporting the business, Ocado will be expected to reap a number of benefits. This includes increase productivity, reduce costs, improve controls, and enhance decision-making.
