Oracle Fusion Cloud
Salahaddin group Increased productivity by standardizing and automating finance, HR, and supply chain processes with a fully integrated Oracle Cloud solution, saving administrative time across all business support functions, improving communication across subsidiaries and lines of business, and significantly reducing paper use.
Use of Oracle fusion Financials cloud is delivering full control on financial transactions and total visibility at group level into each company’s sales and cash flows by integrating Oracle ERP Cloud with third-party back-end and front-end sales systems.
This upgrade in our IT infrastructure enabled Salahaddin to measure the cost effectiveness of finished goods and the performance of suppliers by standardizing costing based on first-in, first-out (FIFO) accounting with detailed online verification of cost layers.
It also ensured optimum inventory levels across warehouses fed by manufacturing subsidiaries—for example, by providing visibility on stock by location, unit of measure, quantity, and expiry date for the group’s soft drinks bottling operations, using Oracle Supply Chain Management Cloud.
This way we are able to implement our Good Corporate Governance guidleines by being able to instantly generate financial statements based on International Financial Reporting Standards (IFRS) as well as various reports.
Streamlined procurement processes with Oracle Supply Chain Management Cloud using dynamic, online approval rules to replace paper-based approvals, enables full control and visibility into all purchases.
We are now able to produce standardized chart of accounts across all subsidiaries and automated accounting processes to simplify group financial consolidation, increase visibility, reduce financial closing time, and streamline internal and annual external audits.Read Oracle's article about salahaddin