Client
Diversified Investment Conglomerate
The client is a leading investment group headquartered in EMEA (Europe, the Middle East, and Africa) that engaged Hexaware for a comprehensive HR and finance transformation. Leveraging Oracle Cloud, this SaaS transformation unified their global operations across investment management, real estate, oil & gas, healthcare, facilities management, and IT.
Challenge
Fragmented Processes Undermine Agility and Compliance
Facing exponential growth, the organization struggled with:
- Siloed HR & Finance: Core payroll and financial data trapped in local file systems.
- Manual, Slow Workflows: Disparate payroll norms and manual approvals created bottlenecks.
- Poor Visibility & Control: Inconsistent employee data and opaque budget tracking hindered decision-making.
- Compliance Risk: Accounting processes were not aligned with GAAP standards, exposing the business to audit and regulatory challenges.
Solution
Rapid Deployment of an Integrated Oracle Cloud Platform
Hexaware delivered a turnkey SaaS transformation in just 20 weeks by:
- Deploying Oracle Cloud Modules: Implemented HCM, Payroll, and Finance & Accounting across all legal entities.
- Seamless Integration: Engineered a unified data flow between Fusion HCM, Cloud Payroll, and Cloud Financials, eliminating manual hand-offs and enhancing financial process automation.
- Global Template & Automation: Adopted a single-instance global template for harmonized processes, leveraging FBDI, ADFDI, Hyperion FRS, OBIEE, and SmartView to minimize maintenance.
- Self-Service & Analytics: Embedded intuitive employee self-service features and 360° workforce analytics for real-time insights, powered by cloud-based HR solutions.
Benefits
Quantifiable Efficiency Gains and Strategic Control
- 40% reduction in payroll-processing efforts through automated workflows and advanced payroll automation.
- 56% decrease in administrative HR workload via online absence management and personalized notifications.
- 63% faster month-end financial close with automated reconciliation and streamlined reporting, showcasing enhanced financial process automation.
- 40% cost savings by retiring four legacy applications and consolidating onto a single global system.
- 24× accelerated approval cycles thanks to real-time dashboards and automated alerts.
- Full compliance with GAAP, mitigating audit risk and strengthening governance.
Summary
A Blueprint for Scalable, Compliant Digital Transformation
By unifying HR and finance on Oracle Cloud, the client now operates with end-to-end transparency, streamlined workflows, and actionable analytics—all delivered on a global platform in under six months. This HR and finance transformation not only drives immediate cost and time savings but also establishes a scalable foundation for future growth and compliance across the enterprise.
