OIC Integrations between Concur-Oracle cloud for Large IT Services Company

December 6, 2024
Ramesh Janga
Case Studies
0

CLIENT OVERVIEW

The client is a rapidly growing Indian IT services provider with over 31,870 employees across 60+ offices in 28 countries, aimed to automate its employee expense management processes. With Oracle Cloud implemented for ERP, the client sought to seamlessly integrate employee expenses (travel and accommodation) into their Accounts Payable (AP) system.

Challenges:

Complex integration between Concur and Oracle Fusion ERP
Ensuring timely and accurate financial handling of employee expenses
Managing multi-currency advances effectively
Need for a scalable, robust automation system
Compliance issues in handling financial processes

Solution:

Automated integration between Concur and Oracle Fusion GL/AP, for accurate travel advances, expense claims, and vendor invoices.
Streamlined management of foreign currency advances, with seamless adjustments in Oracle Fusion GL and AP.
Eliminated manual data entry by automating the approval process for expenses and payments.
Integrated approved expense reports and vendor invoices into Fusion AP for timely payments.
Improved tracking and reconciliation of advances, expenses, and refunds. (via Concur and Fusion AP)

Benefits:

Increased Efficiency: Automated integration between Concur and Oracle Fusion reduced processing time for travel advances, expense claims, and vendor invoices.
Error Reduction: Reduced errors by eliminating manual data entry and improving foreign currency handling.
Improved Compliance: Streamlined reconciliation and enhanced tracking improved financial transparency, ensuring better compliance with internal and regulatory financial processes.

Best Practices for ERP Implementation – Rite Software

Published On December 6, 2024Enterprise Resource Planning (ERP) systems provide organizations with a solid foundation for digital transformation. However, selecting the right solutions and...

12 Jan 2022

Oracle Cloud Data Migration Tools for Finance and Retail Sectors

Published On December 6, 2024As finance and retail companies embrace digital transformation, cloud data migration has become a strategic priority. Moving data from on-premise...

15 Apr 2025

Oracle Cloud Data Migration Tools for Public and Private Sectors

Published On December 6, 2024Oracle Cloud data migration tools are essential for organizations transitioning from on-premises infrastructure to cloud environments. Whether in the public...

08 Apr 2025