PRZOOM - /newswire/ -
Tokyo, Japan, 2022/02/08 - Global electronics leader aims to drastically reduce administrative activities and strengthen its business management - Panasonic.com / Oracle.com. NYSE, NASDAQ: ORCL
Panasonic Corporation has selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM) to upgrade its technology infrastructure and drive innovation as it enters a new phase of growth. With Oracle Cloud ERP and Oracle Cloud EPM, Panasonic is working to streamline business operations, gain deeper financial insights, and position the company for a new era of expansion.
Panasonic (panasonic.com) is a global leader in developing innovative technologies and solutions in the consumer electronics, housing, automotive, and B2B sectors. As part of its Panasonic Transformation (PX), Panasonic is transitioning its business model to a holding company structure to promote autonomous management, offer a more flexible framework for further market expansion, and be better equipped to adjust to changing business conditions. However, to accomplish this Panasonic needed to upgrade its 20-year old finance systems.
After evaluating applications from several technology vendors, Panasonic selected Oracle Cloud ERP for its ability to provide a comprehensive view of financial data from every part of its business, while gaining the critical insights it needs to improve its accounting processes. Panasonic selected Oracle Cloud EPM to improve financial planning, forecasting, and execution. Additionally, artificial intelligence and machine learning capabilities built into the Oracle Fusion Cloud Applications Suite will allow Panasonic to reduce the time it spends on administrative processes so that it can focus on more strategic, innovative work.
“With Oracle Cloud Applications, Panasonic can better respond to change, improve operational efficiency, and optimize new business processes as the company enters this next phase of strategic growth,” said Toshimitsu Misawa, member of the board, corporate executive officer and president of Oracle Corporation Japan. “In an industry characterized by rapidly evolving needs, this continuous stream of innovation with cloud technology is critical to success, and we’re honored to support Panasonic as it takes on new challenges.”
Panasonic Information Systems, Oracle Japan’s Consulting Services and IBM Japan will drive the implementation project.
Oracle (oracle.com) offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud.
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