As it sets out on an ambitious growth track, the Australian arm of Tokyo-listed multinational ICT consultancy Nomura Research Institute (NRI) has “walked the talk” by implementing a shared Oracle platform for back-office functions.

The implementation of Oracle Fusion solutions paves the way for future scalability and efficiency by equipping NRI Australia Holdings’ businesses with a consolidated and standardised platform.

More than 4000 people are employed by NRI Australia Holdings’ subsidiary businesses, which include NRI ANZ (formerly ASG Group) and Planit – a substantial proportion of the global NRI Group’s total of almost 17,400 staff worldwide.

Choosing Oracle and Oracle Consulting

Before the project, NRI ANZ already used Oracle Fusion, which it implemented in 2016, while Planit had used other cloud services.

While the rationale for a single platform was clear, the journey towards it was complex with multiple solutions, locations, companies and lines of business and it would be one of the largest projects of its type undertaken by NRI Australia.

In addition to leveraging its own companies’ implementation and testing capabilities, NRI Australia backed its belief in collaboration by engaging Oracle Consulting as an expert independent partner.

“A digital-first business requires modern, integrated technology, such as Oracle Fusion. Combining this with our own integration and testing capabilities, alongside Oracle Consulting’s deep knowledge of the platform, it enabled us to drive the project with speed, agility, and predictability.” – Vania Collett, Executive General Manager Strategic Sales, NRI ANZ

Collaborating to reach the milestone to time and budget

Over an intense 13-month period, the combined project team – with about 60 members in Australia, New Zealand, India, and the Philippines – collaborated to implement Oracle Fusion solutions for enterprise resource planning, finance, human capital management, supply chain management, project and portfolio management, and technology.

“To me the highlight of the program has been working together and that collaboration between NRI ANZ, Planit and Oracle Consulting, and the relationships you form through some pretty hard work together in the trenches,” says Vania.

Next steps

As digital transformation and technology experts themselves, NRI Australia and Planit know that a system go-live is a milestone on a larger business journey.

“Technology is a business enabler,” says Oracle Consulting’s Head of Portfolio Delivery (Financial Services, Insurance and Commercial), Amit Dua. “The initial benefits of implementations like this are commonly around having a holistic view of your business based on a single source of truth with unified processes – bringing efficiencies and improved decision making.

“It’s exciting to then help customers build on that base, and leverage the innovation baked into Oracle’s platform. With embedded AI, Fusion has the fastest innovation cycle in the industry. Quarterly product updates can be leveraged in different ways depending on your business needs, whether that’s increasing productivity, automating end-to-end processes or reducing the cost of doing business.” – Amit Dua, Head of Portfolio Delivery (FSIC), Oracle Consulting ANZ.

Original media release published by Oracle – Future State | The Oracle Consulting Blog. 7 May 2024. Original article can be found here.