Wipro to deploy Oracle Financial suite at UGI

BANGALORE, INDIA: Wipro Technologies, a global Consulting, IT Services and Outsourcing business of Wipro Limited, on Friday announced that it is implementing latest Oracle Financial suite (12.1.3) of products for UGI Utilities Inc., a US-based natural gas and electric utility company.

The solution helps UGI Utilities streamline financial processes, update latest compliance mandates and create agile IT systems, to effectively support their new business processes, said a press release.

“Financial processes have to continuously evolve to align with changing business requirements and compliance mandates. An in-depth insight into our financial performance and effective management of Risk and Compliance is key to retaining our competitive edge,” said Richard Myers, Oracle upgrade project manager, UGI Utilities.

He added that the planned upgrade to the latest Oracle Financial Suite will provide the flexibility and agility to align our processes to new business requirements.

“In Wipro we have a partner who understands our industry and has proven expertise across the various modules of this suite. We are working jointly to implement a robust and cost effective solution for UGI,” he said.

Wipro’s proprietary and proven upgrade methodology, process templates and tools ensure predictability of success and seamless alignment of pre and post upgrade audits of the financial systems.

Wipro offers ‘Easy-Upgrade’ solution as part of its overall Oracle application offerings helping customer organizations evaluate their current Oracle landscape, plan for the future and implement upgrades.

Wipro estimates its 'Easy-Upgrade' solution can deliver up-to 40 per cent reduction in assessment costs for organizations looking to embrace Oracle E-Business Suite - R12 or Oracle Fusion Applications.

This project implementing the Oracle Financial suite (12.1.3) will incorporate unique features into the financial applications — such as simplification of inter-company transactions among others.