Case Study: Grupo Avenida reduces financial close time by 20% with Oracle Cloud ERP

Grupo Avenida reduces financial close time by 20% with Oracle Cloud ERP

Grupo Avenida, one of Brazil’s largest retail chains, needed better technology to support its rapid expansion and bring more structure, reliability, and control to its financial processes. The company was looking for a planning solution to improve its finance department and selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) after market research.

Oracle implemented Oracle Cloud ERP for Grupo Avenida, helping streamline financial and purchasing operations. The result was a 20% increase in accounting efficiency and a reduction in financial close time to eight days, along with improved purchase order management and the elimination of invoice receipt by email.

Grupo Avenida

Jonas A. Ferreira

IT Director, Digital Transformation