Case Study: a debt management company achieves £10m savings with Version 1’s Oracle Fusion ERP transformation

Debt Management Company saves £10m in 5 years with Version 1

The customer, a debt management company, faced challenges with disparate ERP systems including SAP, Microsoft, and Unit 4, which were unsuitable for its planned financial shared service center. This led to fragmented data and a high total cost of ownership. Version 1 was engaged to help transform its ERP solution with Oracle Fusion.

Version 1 implemented Oracle Fusion Financials and the Enterprise Performance Management Suite, using its Cloudbridge Suite for integration. This solution harmonized global business processes and the chart of accounts. As a result, the debt management company achieved cost savings of £10 million over five years, a 15% reduction in operating expenses, and a return on investment within the first year. Version 1 played a vital role in this successful finance transformation.