Lanka’s tech giant links with Oracle for process efficiency, tech transformation
View(s):MillenniumInformation Technologies (Pvt) Ltd (MillenniumIT ESP), one of Sri Lanka’s leading information systems solutions providers, has gone live on Oracle Enterprise Resource Planning (ERP) Cloud to help simplify its business processes and increase visibility into its financial operations.
The project was completed in 10 weeks and has enabled MillenniumIT ESP to reduce IT complexity and increase employee productivity by helping to automate previously manual processes and improving decision making through advanced data analysis.
In December 2017, Lanka Century Investments PLC (LCI), a conglomerate reputed for its market dominance in manufacturing, real estates and strategic investments, acquired a 100 per cent stake of the global IT enterprise solutions provider, MillenniumIT ESP from London Stock Exchange Group (LSEG). With this acquisition, it was mandatory that MillenniumIT ESP deploy its own ERP system and it needed to go live within a short span of time to ensure uninterrupted continuity of business, Oracle said in a media release.
“Post-acquisition we recognised the need to have a comprehensive process automation that will significantly enhance the efficiency of our internal processes,” said Murali Prakash- Group Managing Director/Chief Executive Officer, Lanka Century Investments PLC and Director, Millennium Information Technologies (Pvt) Ltd. “Being a Platinum level member part of the Oracle PartnerNetwork for more than a decade now, it was a straightforward decision for us to implement Oracle, as we felt that they could deliver the end-to-end solutions we needed without any need for customisation to fully embrace Oracle’s cloud capabilities. With the time limitations we were facing, we wanted to embrace industry best practices, connect disparate applications, improve productivity and decision-making at the earliest and Oracle just assisted us easily and efficiently. ”
“Organisations around the world rely on Oracle Cloud Applications to help streamline and optimise financial processes,” said Chandita Samaranayake, Head of Applications Business – Oracle Sri Lanka, Indochina & Maldives. “By modernising ERP in the cloud,MillenniumIT ESP’s finance teams can free themselves from routine transaction processing and devote more time to working as strategic partners to the business, helping the management to make more informed decisions.”