Case Study: Blue Shield of California saves $500,000 with Oracle Cloud HCM

Blue Shield of California saves $500,000 with automation

Blue Shield of California, a nonprofit health plan, faced significant financial and operational pressures due to the COVID-19 pandemic, including providing support to members and healthcare providers. They needed a flexible finance system to support rapid innovation, accelerate decision-making for leadership, and manage new regulations, all while transitioning to a remote workforce. They turned to Oracle Cloud for a solution, implementing Oracle Fusion Cloud ERP and HCM.

By standardizing on Oracle Cloud ERP and HCM, the company automated key processes, creating a single source of truth for its data. This allowed them to successfully perform a virtual financial close with a remote team. Oracle's solution helped Blue Shield of California reduce its monthly close time by 40% and cut consolidation cycles by two days. Furthermore, automation delivered $500,000 in cost savings and established a platform for future innovation using AI.

Blue Shield of California

Sandra Clarke

Senior Vice President and Chief Financial Officer