Case Study: Tower Ventures LLC achieves faster month-end closes and minutes-long vendor payments with Oracle Financials Cloud (Oracle)

Tower Ventures Pays 750 Vendors in Minutes Instead of Hours, Closes Financial Books in Days, Not Weeks, and Accelerates Business Cycle

Tower Ventures LLC is a Memphis-based owner-operator of communications towers with a portfolio of more than 600 towers, 206 land parcels and operations across 41 states. As the business expanded across 30+ subsidiaries, the finance team faced heavy manual data entry, a complex chart of accounts, difficult fixed-asset tracking, strict carrier invoicing requirements, and the need for secure, timely financial insight—leading to long month-end closes and significant administrative overhead.

By deploying Oracle Financials Cloud in under three months, Tower automated core financial processes, depreciation, bank reconciliations, and reporting, and gained real-time drill-down visibility. The company now closes books in days instead of weeks, closes fixed-asset books in minutes, automates payments to 750 vendors (including 450 rent ACH payments in five minutes), eliminates duplicate manual work, avoids adding headcount, and improves invoicing accuracy and security—freeing management to focus on deals and growth.

Tower Ventures LLC

Michael McLaughlin

CFO, Tower Ventures LLC