Enterprise software provider Oracle Corp. and Hudson’s Bay Company, Canada’s largest department-store retailer, have announced the findings of a Return On Investment (ROI) analysis of Hudson’s Bay Company’s implementation of the Oracle E-Business Suite.
The study, conducted by Shack & Tulloch, found improved productivity throughout the organization since it began implementing Oracle E-Business Suite. In addition to documenting immediate cost and time savings in business-critical functions, the study indicated that Hudson’s Bay Company’s believes that its ongoing transformation into an efficient e-business will allow the company to achieve millions of dollars in savings and a rapid ROI within two years.
Hudson’s Bay Company implemented Oracle Financials, and Internet Expenses. Among the operational efficiencies cited in the Shack & Tulloch report:
* anticipated improved services and a 15 per cent cost reduction in financial administration and processing throughout the organization following implementation of a single financial transaction and reporting platform; * a more than 80 per cent reduction in end-to-end information technology (IT) procurement processing; * annual savings of $200,000 streamlined expense reimbursement; and * a reduction in employee reimbursement processing time from 21 days to three.
“By getting our entire organization onto one, centralized platform, we now can operate more efficiently, profit from improved market and business intelligence, and respond proactively to customer purchasing trends and service needs.” says Dave Poirier, executive vice-president and chief information officer of Hudson’s Bay Company
With Oracle E-Business Suite, HBC plans to integrate multiple customer databases into a single, centralized data source. Running off of a single e-business platform, the retailer expects to extend collaboration across the enterprise to obtain a 360-degree view of customers, products and operations. By operating its Bay and Zellers’ chain stores from one unified Web-enabled infrastructure, Hudson’s Bay Company can create more efficient sourcing and manufacturing processes. Relying on Oracle as a trusted advisor, HBC streamlined and simplified its old IT procurement process, reducing IT procurement time by 80 per cent.
The Oracle E-Business Suite integrates Internet business applications and automates critical business processes across both front and back office operations. In 2001, the Oracle E-Business Suite, which streamlines every area of a business from marketing, sales, service, contracts, order management, product design, procurement, supply chain, manufacturing, financials, projects, human resources and professional services automation, was implemented by more than 1,100 companies around the world.