- 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.
LSEG ditches legacy finance systems for Oracle Cloud
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