System1 is All Systems Go on Oracle Cloud ERP

Go-Live Date: December 2020

Customer Overview

System1  provides best-in-class technology and marketing services to increase brand awareness and business engagement in the areas of publishing, search and applications, and services. Think of the world of “Pay-Per-Click.” Its employee roster boasts today’s leading data scientists, engineers, and marketing technologists in the industry. Revenue, employees, and customer-base are all booming, so it is no surprise that System1 was experiencing growing pains from success.

Challenges and Objectives:

To meet challenges brought on by thunderous business growth, System1 needed to depart from multiple legacy finance solutions into a single global modern consolidated ERP software platform. After comparing a variety of ERP solutions, the CFO championed the move to a Tier 1 application. With operations in multiple countries, multiple ledgers, and functional currencies, System 1 evaluated Oracle Cloud ERP to provide the long-term benefits and increased functionality needed.

Additional objectives included:

  • Eliminate manual and error-prone accounting processes and report creation
  • Real-time data, controls, security, and best practices not attainable with legacy tools
  • New and improved finance best practices plus automation
  • Improve auditing and compliance controls
  • Meet global accounting and reporting requirements in a single solution

Infovity provided a clear Oracle Cloud ERP implementation roadmap adding increased value at a competitive price, making this partnership the clear choice over the competition.

Solution

Infovity implemented System1 with Oracle Financials (GL, AP, AR, FA, Cash Management, Integration Services) to address all its accounting and reporting requirements, establish internal controls, and improve efficiency with workflows, automation, and intercompany reconciliation. Integrations included Banking Solutions, like Citi Bank, Fx Rates.

Geography: United States, Canada, United Kingdom, and France

Results:

  • Met all challenges and objectives on-time and on budget
  • Improved security and established internal controls
  • A+ Audit Results: Global consolidation from multiple systems to Oracle Cloud ERP enabled System1 to pass its first post-go-live audit fast and without any issues

The Infovity Advantage:

  • Ability to go directly to Tier 1 solution
  • Took advantage of Infovity’s Jumpstart Package for Oracle Cloud ERP ensured the implementation was delivered on-time and on budget
  • Infovity inspired customer confidence leading to Phase 2 projects

Make 2021 the year to modernize your platform. Visualize your business going modern in 2021.

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