Case Study: Mechanics Bank achieves real-time financial control and faster closes with Infovity's Oracle Cloud ERP and EPM

Mechanics Bank cuts budgeting cycle by 70% with Infovity

Mechanics Bank, a leading community bank in northern California, was challenged by outdated technology that caused significant downtime and relied on manual workflows like physical signature-based approval processes. This hindered their growth and operational efficiency, leading them to partner with Infovity for an upgrade using Oracle Cloud ERP and EPM.

Infovity implemented Oracle Cloud ERP and Oracle Cloud EPM on top of the bank's existing core platform. This solution provided Mechanics Bank with real-time general ledger functionality, streamlined financial closes to under five days, and introduced robust controls for compliance and security. The measurable results for the customer included a 70% reduction in their budgeting cycle, automated reporting, and enhanced scalability for future growth.

Mechanics Bank