Case Study: Atrium European Real Estate achieves faster financial close and maximized revenue and profitability with Oracle

Atrium European Real Estate Reconciles Financial Close Data from Seven Countries Faster and Maximizes Revenue and Profitability

Atrium European Real Estate is a leading owner, operator, and developer of shopping centers in Central and Eastern Europe with a €3.115 billion portfolio spanning 156 properties and 1.2 million square meters across seven countries. The company needed to maximize rental income and occupancy, streamline multilingual tenant and lease administration, detect billing and cash-flow issues quickly, and reconcile financial-close data across jurisdictions while meeting diverse statutory and reporting requirements.

Atrium implemented Oracle JD Edwards EnterpriseOne Real Estate Management and Oracle Hyperion Enterprise (with JD Edwards Financials rolled out in Poland) to create a single, multilingual platform supported by RealFoundations. The solution consolidated 3,500 leases into one electronic repository, replaced fragmented Excel/Navision processes, automated alerts and billing, and sped period-close reconciliations—cutting Poland’s financial data prep time by 50%, reducing administration costs, eliminating data-integrity risks, and giving corporate decision-makers timely insight to optimize revenue, cash flow, and investment planning.

Atrium European Real Estate

Ilan Zachar

Chief Information Officer