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 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.