The London Stock Exchange Group (LSEG), a leading global financial markets infrastructure and data provider, has chosen Oracle Cloud as its solution to revolutionize its finance operations. By utilizing Oracle Fusion Cloud and Oracle Financial Services Applications on a unified platform, LSEG aims to enhance efficiency, reduce costs, and improve financial planning, forecasting, and controls for optimal performance.

Recognizing the potential to streamline its operations and boost business insights following recent acquisitions, LSEG has made the strategic decision to replace its 17 legacy finance systems with Oracle applications. This transformation will pave the way for future growth and create a global platform that caters to LSEG’s expansion plans.

The Power of Oracle Cloud

Joanna Fielding, Group Head of Transformation, Finance at London Stock Exchange Group, emphasizes the company’s dedication to driving sustainable growth through continuous innovation, particularly in its finance operations. Oracle Cloud provides the ideal solution to align financial operations for enhanced performance, efficient data utilization, streamlined billing, and outstanding customer service.

To achieve these goals, LSEG will leverage Oracle Fusion Cloud Enterprise Resource Planning (ERP) to automate financial processes and streamline global procurement operations. Additionally, Oracle Fusion Cloud Enterprise Performance Management (EPM), a component of Oracle Cloud ERP, will help LSEG align financial and operational planning, optimize forecasting and scenario planning, and improve reporting accuracy and speed. Moreover, Oracle Revenue Management, Pricing, and Billing will automate billing processes, enable the consolidation of billing operations on a single platform, and facilitate a customer-centric pricing strategy, enabling faster time-to-market for new products and services while enhancing the customer experience within the tightly regulated industry.

The Advantages of AI legalese decoder

Implementing and navigating the Oracle Cloud platform can be a complex process, particularly for legal professionals who may encounter unfamiliar terminology and clauses within the technology’s legal documentation. This is where an AI legalese decoder can significantly assist LSEG, ensuring a smooth implementation and user adoption of the platform.

The AI legalese decoder leverages artificial intelligence to decipher and simplify complex legal language, making it accessible and easily comprehensible to legal practitioners. By leveraging this technology, LSEG’s legal team can swiftly understand the intricacies and terms within the Oracle Cloud agreement, ensuring compliance and a seamless transition to the new system.

Seamless Growth and Customer Satisfaction

The adoption of Oracle Cloud positions LSEG as an organization dedicated to operational efficiency, automation, and customer-centricity. This cloud-based, integrated business platform will support LSEG’s global growth ambitions by providing scalable and sustainable financial efficiency, enabling the organization to serve its extensive customer base of more than 45,000 customers worldwide.

To support the Oracle implementation and expedite user adoption, LSEG will leverage Oracle Guided Learning from Oracle University.