Oracle Supports Guardian's Finance Operations Transformation
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On Tue, 10 Sept, 4:05 PM UTC
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[1]
Oracle Supports Guardian's Finance Operations Transformation By Investing.com
Fortune 500 mutual insurance company moves finance processes to Oracle Fusion Cloud ERP to increase productivity, reduce costs, expand insights, and enhance decision-making , /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced that it has worked with Guardian Life Insurance Company of America (Guardian) to improve the efficiency and productivity of its finance operations. With Oracle Fusion Cloud Enterprise Resource Planning (ERP), Guardian has been able to take advantage of the latest AI innovations to help increase productivity, reduce costs, and enhance decision-making. For over 160 years, Guardian, one of the nation's largest life insurers and a leading provider of employee benefits, has helped consumers and business owners plan for their financial future. As Guardian grew, it accumulated multiple disparate on-premises systems that were time-consuming and costly to maintain. To enable more efficient workflows and unlock the value from its data, Guardian moved key finance and operations processes to Oracle Cloud ERP. "As the insurance industry faces evolving customer expectations, regulations, and rising costs, we needed to standardize our finance process to deliver more value to our members," said , vice president, financial systems transformation, Guardian. "With Oracle Cloud ERP, we have been able to expand insights, accelerate our financial close, and increase efficiency. With our core financials in the cloud and a complete view of our data, we can embrace Oracle's embedded AI capabilities to further increase productivity." "Insurance providers operate in a highly competitive market and require fast, accurate, touchless processes to help control costs and deliver maximum value to policyholders," said , executive vice president of applications development, Oracle. "With Oracle Cloud ERP, Guardian says it has been able to improve the speed and accuracy of finance operations. With Oracle's quarterly updates, Guardian can embrace continuous innovation and the latest AI advancements to deliver even more value to its members." More than 10,000 organizations, across public and private sectors, turn to Oracle Cloud ERP to run their businesses. Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, supply chain management & manufacturing, and Oracle B2B, which revolutionizes the way organizations transact, pay, finance, and ship sustainably across the globe. Guardian worked with Oracle PartnerNetwork (OPN) Member Deloitte to implement Oracle Cloud ERP. About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com. About Oracle CloudWorld CloudWorld is where our customers and partners can see the latest innovations in cloud technology, discover methods for getting the most business value from AI today, and explore ways to increase productivity and efficiency through automation. You'll learn from experts and your peers who build and use the applications, cloud infrastructure, databases, developer tools, and AI services that help solve complex business challenges in every industry. Join us to develop new skills and see new capabilities in action. Register now at oracle.com/cloudworld or follow the news and conversation at oracle.com/news and linkedin.com/company/oracle.
[2]
Oracle Supports Guardian's Finance Operations Transformation - Oracle (NYSE:ORCL)
Fortune 500 mutual insurance company moves finance processes to Oracle Fusion Cloud ERP to increase productivity, reduce costs, expand insights, and enhance decision-making LAS VEGAS, Sept. 10, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced that it has worked with Guardian Life Insurance Company of America (Guardian) to improve the efficiency and productivity of its finance operations. With Oracle Fusion Cloud Enterprise Resource Planning (ERP), Guardian has been able to take advantage of the latest AI innovations to help increase productivity, reduce costs, and enhance decision-making. For over 160 years, Guardian, one of the nation's largest life insurers and a leading provider of employee benefits, has helped consumers and business owners plan for their financial future. As Guardian grew, it accumulated multiple disparate on-premises systems that were time-consuming and costly to maintain. To enable more efficient workflows and unlock the value from its data, Guardian moved key finance and operations processes to Oracle Cloud ERP. "As the insurance industry faces evolving customer expectations, regulations, and rising costs, we needed to standardize our finance process to deliver more value to our members," said Marcel Esqueu, vice president, financial systems transformation, Guardian. "With Oracle Cloud ERP, we have been able to expand insights, accelerate our financial close, and increase efficiency. With our core financials in the cloud and a complete view of our data, we can embrace Oracle's embedded AI capabilities to further increase productivity." "Insurance providers operate in a highly competitive market and require fast, accurate, touchless processes to help control costs and deliver maximum value to policyholders," said Rondy Ng, executive vice president of applications development, Oracle. "With Oracle Cloud ERP, Guardian says it has been able to improve the speed and accuracy of finance operations. With Oracle's quarterly updates, Guardian can embrace continuous innovation and the latest AI advancements to deliver even more value to its members." More than 10,000 organizations, across public and private sectors, turn to Oracle Cloud ERP to run their businesses. Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, supply chain management & manufacturing, and Oracle B2B, which revolutionizes the way organizations transact, pay, finance, and ship sustainably across the globe. Guardian worked with Oracle PartnerNetwork (OPN) Member Deloitte to implement Oracle Cloud ERP. About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle ORCL, please visit us at oracle.com. About Oracle CloudWorld CloudWorld is where our customers and partners can see the latest innovations in cloud technology, discover methods for getting the most business value from AI today, and explore ways to increase productivity and efficiency through automation. You'll learn from experts and your peers who build and use the applications, cloud infrastructure, databases, developer tools, and AI services that help solve complex business challenges in every industry. Join us to develop new skills and see new capabilities in action. Register now at oracle.com/cloudworld or follow the news and conversation at oracle.com/news and linkedin.com/company/oracle. Trademarks Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company -- ushering in the new era of cloud computing. View original content to download multimedia:https://www.prnewswire.com/news-releases/oracle-supports-guardians-finance-operations-transformation-302242997.html SOURCE Oracle Market News and Data brought to you by Benzinga APIs
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Guardian, a leading insurance and wealth management company, partners with Oracle to modernize its finance operations using Oracle Fusion Cloud Enterprise Resource Planning (ERP).
Guardian Selects Oracle for Financial Transformation
Guardian, a Fortune 250 global financial services company, has chosen Oracle to spearhead its finance operations transformation. The company, which has been serving customers for over 160 years, will implement Oracle Fusion Cloud Enterprise Resource Planning (ERP) to modernize its financial systems and enhance operational efficiency 1.
Modernizing Financial Operations
The implementation of Oracle Cloud ERP is expected to help Guardian streamline its financial processes, improve data accuracy, and gain real-time insights into its financial performance. This move is part of Guardian's broader strategy to leverage cutting-edge technology to better serve its customers and maintain its competitive edge in the insurance and wealth management sector 2.
Benefits of Oracle Cloud ERP
Oracle Cloud ERP offers a comprehensive suite of financial management tools that will enable Guardian to:
- Automate routine financial tasks
- Enhance financial reporting capabilities
- Improve decision-making through advanced analytics
- Increase operational efficiency across the organization
These capabilities are crucial for Guardian as it seeks to adapt to the rapidly changing financial services landscape and meet the evolving needs of its customers 1.
Industry Impact and Future Outlook
The partnership between Guardian and Oracle signifies a growing trend in the insurance and financial services industry towards digital transformation. As more companies recognize the need to upgrade their legacy systems, cloud-based solutions like Oracle Cloud ERP are becoming increasingly popular due to their scalability, flexibility, and advanced features 2.
Oracle's Position in the Market
This collaboration further solidifies Oracle's position as a leading provider of cloud-based enterprise solutions. The company's ability to secure partnerships with major players like Guardian demonstrates the trust and reliability associated with Oracle's products in the financial services sector 1.
As Guardian embarks on this transformative journey with Oracle, the financial services industry will be watching closely to see how this partnership unfolds and the potential benefits it brings to both companies and their customers.
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