Ocado Group plc. has over 580,000 active shoppers, 230,000 orders per week and over £1.5 billion in annual revenue. Unlike its traditional competitors, Ocado has no brick-and-mortar stores and fulfils all home deliveries from its state-of-the-art automated warehouses. Despite its immense growth, Ocado's financial reporting processes were heavily reliant on a myriad of disconnected spreadsheets. This created challenges in data accuracy, time wastage and lack of business insight to support critical decision-making. Providing a scalable and insight-rich finance reporting system to sustain its long-term, competitive advantage was a key group-level priority.
The Ocado Group approached numerous partners to help modernize and re-platform its budget, forecast and reporting processes. Qubix was selected because of our success designing and implementing similar solutions for other large U.K. retailers. Our team of certified Oracle experts delivered Ocado's new reporting system in 12 weeks using our Journey to Cloud methodology. The project was delivered in two phases and followed the analyse, design, build and test approach to ensure all key requirements were fulfilled throughout the engagement.
"The reason for looking at Oracle Planning and Budgeting Cloud was to ensure that it helps us scale, but also helps us bring a lot more insight into our dynamic business."
Moreover, Qubix helped provide a 'single version of truth' which resulted in significant time-savings and improved data integrity. This included automated data loads and consolidations between the planning application and Ocado's ERP system.
"One source of truth is very important for a company like ours because we're growing and people have different data sources... having one data source in the cloud ensures confidence in the numbers."
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Why did Ocado choose Oracle Cloud?
" There are two reasons why we picked Oracle EPM Cloud. Firstly, our main direct competitors use an Oracle Planning solution. Secondly, Gartner's Magic Quadrant always ranks Oracle EPM solutions as number one for the last number of years. "
Group Financial Controller, Ocado
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