Case Study: Irish Life moves core financial systems to the cloud with Version 1

Irish Life cuts cloud costs by 26% with Version 1

Irish Life, Ireland's leading life investment and pension company, faced a challenge when its core financial system, Oracle E-Business Suite 11i, was becoming out of vendor support. As a long-standing partner, Version 1 presented a business case to upgrade the system and migrate it to the cloud to ensure supportability and future vitality.

Version 1 implemented a solution by upgrading Oracle E-Business Suite to r12 and migrating it to Oracle Cloud Infrastructure-as-a-Service (IaaS). This move delivered significant cost savings, with a 17% reduction in deployment costs and 26% in annualized savings over the on-premise equivalent. The solution also provided Irish Life with greater system agility, flexibility, and enhanced security and compliance, ultimately delivering a tangible competitive advantage.

Irish Life