SOURCE: Oracle Corporation

Oracle Corporation

September 06, 2011 08:00 ET

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

Leading Supply Chain Services Company Automates, Centralizes and Standardizes Financial Transactions

REDWOOD SHORES, CA--(Marketwire - Sep 6, 2011) - Oracle (NASDAQ: ORCL)

News Facts

  • 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

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