Modern financial systems tend to influence all the essential core processes in a business- be it Financials and planning, Human Resources, Customer Experiences, Supply Chains or Products. Oracle Cloud Financials is built ground-up that aptly adapts to continuous innovation and growth of businesses – a must need for the future.
In this case study, learn how Mastek partnered with Lovisa in their back-office transformation journey from S4Hana to Oracle Cloud solution, opting for our ‘Glide’ approach for a smooth transition.
Lovisa is a rapidly growing international costume jewelry retailer company with presence across 13 countries including Australia, New Zealand, Singapore, Malaysia, South Africa, the UK, and Spain, and franchise stores in Asia and the Middle East
Moving financials from SAP S4Hana to Oracle Cloud for greater flexibility and operational capabilities.
Lovisa acquired 84 Beeline jewelry stores in Europe (across Germany, Switzerland, the Netherlands, Belgium, Austria and Luxembourg), running on SAP S/4HANA. As the outdated legacy solution didn’t meet Lovisa’s growing business requirements, they decided to migrate Beeline to Oracle Cloud with the help of Mastek Glide
Financial Reinvention to Meet Business Environment Demands
Mastek gained credibility with Lovisa with a powerful engagement model. Team Mastek’s impressive demonstration of Oracle EPM Cloud retail models helped them zero in on our services and expertise. As per their business requirements, they chose to implement:
Supporting Lovisa’s journey of Financial Overhaul that Would Effectively Support its Growth
By deploying a flexible and scalable Oracle Financials Cloud, Lovisa managed to decrease its month-end closing time, creating faster and trustworthy reports to meet audit requirements. In simple terms, they achieved: