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Capital Power Corporation Upgrades to Oracle E-Business Suite 12.1 as it Redesigns Core Business Processes - Expands footprint adding new functionality to help electric power company drive efficiencies and cost savings [NYSE: ORCL] - Oracle.com
Capital Power Corporation Upgrades to Oracle E-Business Suite 12.1 as it Redesigns Core Business Processes

 

NewswireToday - /newswire/ - Redwood Shores, CA, United States, 2013/07/30 - Expands footprint adding new functionality to help electric power company drive efficiencies and cost savings [NYSE: ORCL] - Oracle.com. NYSE, NASDAQ: ORCL

   
 
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With a rapidly changing global energy industry, power producers are under more pressure than ever to increase performance, reduce costs and enhance decision making. To stay at the forefront of the industry amidst all these changes, Canadian-based power producer, Capital Power Corporation wanted to redesign its core financial, human resource and supply chain processes to drive efficiencies and costs savings to help manage its 15 plants around North America. As part of those efforts it upgraded to Oracle E-Business Suite 12.1, to get to the current release and to address a significant change in charted accounts along with redesigning six of its core business processes. Now, Capital Power can access a suite of modern business applications that enable it to streamline business processes and reduce costs.

To help minimize customizations and drive efficiencies and cost savings, Capital Power Corporation, has upgraded to the latest release Oracle E-Business Suite 12.1.

Capital Power originally expected to achieve an internal rate of return of 12.5 percent from its upgrade. Due to additional savings that were found during the process, the actual rate of return was 25.2 percent1.

With significant changes planned to its core business processes, Capital Power needed to upgrade to a more comprehensive and integrated suite of modern business applications that could to be more efficient across its financial, human resource and supply chain processes.

Completed on time and under budget, Capital Power leveraged the Oracle E-Business Suite 12.1 to help redesign its business processes and create a standardized and automated IT environment that helped reduce its system customizations by 90 percent over its legacy system and simplified application maintenance.

Capital Power leveraged Oracle E-Business Suite Human Capital Management (HCM) to help streamline and centralize benefits and payroll in order to better respond to employee and staffing needs. Oracle Self-Service HR has further increased efficiencies in HR processes by reducing manual administrative functions and empowering employees to update and maintain their own information.

To help optimize financial operations and standardize internal controls, Capital Power used Oracle E-Business Suite Financials modules, including Oracle Internet Expenses, Oracle General Ledger, Oracle Payables, Oracle Receivables, Oracle Cash Management and Oracle Financial Analytics, to improve financial reporting accuracy and accelerate financial close.

In addition, by using Oracle’s Advanced Procurement suite of applications, including Oracle iProcurement, Capital Power has been able to reduce overall supply chain costs by streamlining the Procure-to-Pay process for employees. Capital Power expanded its application footprint after moving to the Oracle E-Business Suite 12.1 by implementing Oracle iSupplier Portal without customizations. Oracle iSupplier Portal provides suppliers with quick direct system access so that they can receive purchase orders, send invoices, check payment status and maintain their company profile details, significantly improving efficiency and accuracy for supplier and buyer.

In recognition of the success Capital Power has achieved with the Oracle E-Business Suite 12.1, the company was recently awarded the 2013 Project of the Year by the Project Management Institute Northern Alberta Chapter.

In addition, Capital Power implemented Oracle Business Intelligence Enterprise Edition (OBIEE) 11g for financial analytics, project analytics, and procure and spend analytics. OBIEE provides executives with a single dashboard view of the company’s health and also enables all employees to view near real time information about financials, supply chain, and projects in a flexible, intuitive and individually configured way.

OBIEE eliminates a massive amount of spreadsheet-based work, enables managers a near-real time view on budgets versus actuals, and provides accounts payable and accounts receivable staff easy access to the data needed to do their jobs.

Supporting Quote
“We needed an automated and flexible business platform to increase efficiencies and establish a solid foundation as we redesigned a number of our core business processes. With the Oracle E-Business Suite 12.1, we’ve dramatically improved efficiencies and performance across our financial, human resource and supply chain processes, giving us a competitive advantage. We believe that over time these improvements will lead to significant cost savings,” said Darryl Vleeming, Director, IS and CIO, Capital Power. “One of the goals of the project was to beat our competitor to the market when releasing quarterly results. We previously had never done that. This quarter we beat them to the market by four days, which is a massive amount of time when talking about the tight window that there is to release quarterly results.”

About Oracle Applications
Over 65,000 customers worldwide rely on Oracle's complete, open and integrated enterprise applications to achieve superior results. Oracle provides a secure path for customers to benefit from the latest technology advances that improve the customer software experience and drive better business performance. Oracle Applications Unlimited (oracle.com/applications) is Oracle's commitment to customer choice through continuous investment and innovation in current applications offerings. Oracle’s next-generation Fusion Applications build upon that commitment, and are designed to work with and evolve your existing applications investments. Oracle's lifetime support policy helps ensure customers will continue to have a choice in upgrade paths, based on their enterprise needs.

About Oracle
Oracle (oracle.com) engineers hardware and software to work together in the cloud and in your data center.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Contact: Simon Jones, Blanc & Otus
P: +1 415-856-5155 - E: sjones[.]oracle.com.

 
 
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Capital Power Corporation Upgrades to Oracle E-Business Suite 12.1 as it Redesigns Core Business Processes

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Oracle Corporation | E-Business Suite
Publisher Contact: Danielle Cormier-Smith - Oracle.com 
610-766-3463 danielle.cormier[.]oracle.com
 
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