REDWOOD SHORES, Calif., April 24,
2019 /PRNewswire/ -- The University of
California San Diego, one of the country's top research
institutions, is replacing its legacy financial management system
with Oracle Enterprise Resource Planning (ERP) Cloud. Oracle ERP
Cloud will enable UC San Diego to increase overall productivity and
bolster decision making with real-time business insights and easily
incorporate emerging technologies going forward.
Established in 1960, UC San Diego is one of the world's most
reputable and innovative research universities with more than
36,000 students and nearly $5 billion
in annual revenue. To increase efficiencies and improve
decision-making, UC San Diego needed to replace its existing
financial management system -- which had become complex and
expensive to update -- with a secure, scalable and configurable
business platform that could reduce redundant business processes
and enable different campus systems to share financial data
securely. After a nine-month competitive bid process, which
included participation from more than 100 stakeholders and subject
matter experts, the university selected Oracle ERP Cloud.
"Making sense of the data in our heavily-customized legacy ERP
system was creating headaches for our finance team and required
significant levels of technical support. It wasn't sustainable long
term and was holding us back," said William
McCarroll, Senior Director, Business & Financial
Services General Accounting at UC San Diego. "We anticipate that
Oracle ERP Cloud will give us better access to innovative new
technology, without painful software upgrades, and improve our
finance team's overall efficiency. Ultimately, we are implementing
these system changes to keep UC San Diego moving forward as we
nurture the next generation of changemakers."
Oracle ERP Cloud is designed to allow organizations like UC San
Diego to be able to increase productivity, lower costs and improve
controls. One benefit of Oracle ERP Cloud is it enables the
university to move from overnight (and weekend) batch data
processing to real-time business insights that significantly speed
up month-end and year-end closing for the finance team. In
addition, Oracle ERP Cloud will provide UC San Diego with tools to
embrace finance best practices and more easily access and deploy
emerging technologies to support changing organizational
demands.
"We are seeing many higher education institutions leveraging our
modern business applications to create efficiencies while reducing
cost and dramatically impacting productivity," said Rondy Ng, senior vice president of applications
development at Oracle. "With Oracle ERP Cloud, UC San Diego will be
able to empower its finance team to play a strategic role in the
university's success. We look forward to partnering with UC San
Diego as it embraces new innovations."
About Oracle
The Oracle Cloud offers a complete suite
of integrated applications for Sales, Service, Marketing, Human
Resources, Finance, Supply Chain and Manufacturing, plus Highly
Automated and Secure Generation 2 Infrastructure featuring the
Oracle Autonomous Database. For more information about Oracle
(NYSE: ORCL), please visit us at www.oracle.com.
About UC San Diego
At the University of California San
Diego, we constantly push boundaries and challenge
expectations. Established in 1960, UC San Diego has been shaped by
exceptional scholars who aren't afraid to take risks and redefine
conventional wisdom. Today, as one of the top 15 research
universities in the world, we are driving innovation and change to
advance society, propel economic growth and make our world a better
place. Learn more at www.ucsd.edu.
Additional Information
For additional information on Oracle ERP Cloud applications,
visit Oracle Enterprise Resource Planning (ERP)
Cloud's Facebook and Twitter or the Modern
Finance Leader blog.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its
affiliates. Other names may be trademarks of their respective
owners.
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SOURCE Oracle