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McLane Company, Inc. Optimizes Financial Processes with Oracle E-Business Suite 12.1 - Leading supply chain services company automates, centralizes and standardizes financial transactions
McLane Company, Inc. Optimizes Financial Processes with Oracle E-Business Suite 12.1

 

NewswireToday - /newswire/ - Redwood Shores, CA, United States, 2011/09/06 - Leading supply chain services company automates, centralizes and standardizes financial transactions. NYSE, NASDAQ: ORCL

   
 
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To optimize financial processes across its growing business, McLane Company, Inc., a $30 billion supply chain services company, has upgraded to the Oracle E-Business Suite 12.1.

With more than 55,000 customers, 38 distribution centers, one of the nation’s largest fleets and millions of financial transactions to process every day, McLane needed to replace its legacy financial system with a comprehensive suite of business applications that could efficiently provide visibility into detailed financial information.

By upgrading to the Oracle E-Business Suite 12.1, McLane has been able to create a central repository for all its financial transactions that helps eliminate time consuming manual processes, increases flexibility and enables users to personalize financial information to support specific departmental goals.

The implementation was completed on time and budget.

By leveraging the capabilities of Oracle Financials Accounting Hub, part of Oracle E-Business Suite Financials, McLane was able to configure all accounting rules in a centralized location, enabling it to efficiently reconcile detailed and auditable accounting information from a variety of source systems.

Oracle General Ledger provides a fast and scalable platform to automate financial processing, enabling McLane to reduce the manual processes that were needed every period to book and reconcile transactions by up to three days.

In addition, by integrating with the company’s business intelligence tool, the new Oracle powered financial system has improved the quality and detail of financial reporting, enabling more specific reporting, such as sales reports by product.

McLane has been an Oracle customer since 2009 when it deployed the Oracle E-Business Suite Release 12. To further automate, centralize and standardize transactional processes, McLane is also using Oracle Payables and Oracle Internet Expenses.

Supporting Quote
“To efficiently manage such a high volume of transactions, we needed a highly scalable platform that could automate, centralize and standardize our financial processes,” said Penny Echelberger, chief information officer, McLane Company, Inc. “By upgrading to the latest version of the Oracle E-Business Suite and leveraging Oracle General Ledger and Oracle Financials Accounting Hub, we have been able to increase our agility by transforming the way we manage all our financial processes. As a result, we have significantly increased efficiencies and can now provide our business users with the timely financial data they need to serve our high-volume customers in the grocery and food service industry.”

Supporting Resources:

• Oracle Applications
• Oracle E-Business Suite 12.1
• Oracle E-Business Suite Financials
• Oracle Financials Accounting Hub
• Oracle General Ledger
• Oracle Payables
• Oracle Internet Expenses
• McLane Company, Inc.
• McLane Company, Inc. Customer Snapshot.

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 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 Oracle's Applications Unlimited offerings. 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 (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit our website.

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

Contact Info
Joan Levy, Blanc & Otus
P: +1 415-856-5110 / E: jlevy[.]blancandotus.com.

 
 
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McLane Company, Inc. Optimizes Financial Processes with Oracle E-Business Suite 12.1

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