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LSEG ditches legacy finance systems for Oracle Cloud

  • London Stock Exchange Group (LSEG) is transitioning 17 legacy finance systems to Oracle Fusion Cloud for efficiency and cost reduction.
  • LSEG focuses on Oracle’s enterprise performance planning (ERP) function for automating financial and global procurement processes.
  • The group also adopts Oracle’s enterprise performance management (EPM) function for improved financial and operational planning, forecasting, and reporting.
  • LSEG utilizes Oracle’s revenue management, pricing, and billing solutions to automate billing processes and enhance customer-centric pricing strategies.
  • LSEG aims to streamline operations following recent acquisitions, including MayStreet and Acadia.
  • LSEG had previously adopted Microsoft’s Azure cloud service for data and technology infrastructure in exchange for a 4% stake.
  • Oracle Cloud will help LSEG align financial operations, improve data usage, and streamline billing.
  • Oracle Cloud offers an integrated business platform with scalable financial efficiency and insights.
  • Oracle Guided Learning, part of Oracle University, will guide platform integration and user adoption.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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