Case Study: AVEVA achieves faster month-end close with Cognizant and Oracle Cloud

AVEVA cuts month-end close 50% with Cognizant

AVEVA, a global industrial software leader, faced inefficiencies from disparate finance systems across 28 countries due to growth by acquisition, making global financial reporting a slow, manual process. The company engaged its strategic technology partner Cognizant to consolidate its legacy systems onto Oracle Cloud Applications and support its transition to a subscription-based business model.

Cognizant implemented a suite of Oracle Cloud Applications, including Oracle Revenue and Subscription Management, standardizing processes across 28 countries and automating reporting. The project was delivered on time with zero escalations, resulting in a 50% faster month-end close, a two-day acceleration in local reporting, and a 25% reduction in year-on-year IT support costs for AVEVA.

AVEVA