Investment Technology Group (ITG) Enhances Financial Reporting with OneStream
公司规模
1,000+
地区
- America
- Asia
- Europe
国家
- United States
产品
- OneStream
- Oracle Hyperion Financial Management (HFM)
- Financial Data Quality Management (FDM)
- JD Edwards
技术栈
- OneStream
- Oracle Hyperion Financial Management (HFM)
- Financial Data Quality Management (FDM)
- JD Edwards
实施规模
- Enterprise-wide Deployment
影响指标
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
技术
- 分析与建模 - 预测分析
- 功能应用 - 企业资源规划系统 (ERP)
适用行业
- 金融与保险
适用功能
- 商业运营
- 质量保证
服务
- 软件设计与工程服务
- 系统集成
- 培训
关于客户
Investment Technology Group (NYSE: ITG) is a global financial technology company that helps leading brokers and asset managers improve returns for investors around the world. They empower traders to reduce the end-to-end cost of implementing investments via liquidity, execution, analytics, and workflow technology solutions. ITG has offices in Asia Pacific, Europe, and North America and offers execution services in more than 50 countries.
挑战
ITG was using Oracle Hyperion Financial Management (HFM) and Financial Data Quality Management (FDM) for financial consolidation and reporting but was outgrowing the capabilities of these products. The system was becoming unstable due to infrastructure issues, causing downtime during critical periods. Upgrades had become painful and costly. Complex allocations had to be done outside the system and were difficult to support, and the system lacked the agility needed to respond to ongoing changes in the business. An impending software and hardware upgrade caused the ITG Finance team to evaluate their options.
解决方案
As the ITG team considered their alternatives, given their complex requirements their only choice was to either upgrade to the latest release of HFM or switch to OneStream. With Oracle HFM, upgrading to the most current release would not have provided the ITG team with any new capabilities. The on-premise solutions were fragmented, as were the cloud-based alternatives from Oracle. Customer support from Oracle was in decline, and future upgrades would continue to be costly and time-consuming. After doing a side-by-side comparison with HFM, the ITG team decided to convert to OneStream. Some of the key factors in the selection included the unified architecture of the platform, familiarity and ease of use, greater functionality, improved reporting, and built-in guided workflow for the users.
运营影响
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