RedMart, one of Singapore’s largest online supermarkets, has chosen Oracle Enterprise Resource Planning (ERP) Cloud to fuel the company’s aggressive growth.
RedMart's e-commerce platform allows customers to buy groceries and household products, including fresh and frozen food, personal care, health and wellness, baby, and beverage, and pet products online. Since its launch in 2011, RedMart has grown 10 to 20% month-over-month and more than doubled each year.
“We are glad to have achieved the success we have today, but we are still growing and constantly exploring how to further improve our internal operations. Being a startup, business priorities tend to change quickly to respond to the competitive needs of the market. Our systems need to be flexible to match up with our priorities. Technology is at the heart of our business, and we need to constantly strengthen it in order to grow, and we’re glad that Oracle is along that journey with us,” said Jim Boland, Head of Finance, RedMart.
RedMart's legacy ERP system could not scale to the high transaction volume in line with the company's growth. It did not have the capability to produce useful reports, and was not flexible enough for the company’s fast changing business priorities, RedMart said. RedMart needed to improve system performance and flexibility to enable further expansion.
“RedMart was looking for a solution that not only produced reports that provide insights for decision-making, but a platform that employees could more efficiently manage internal operations across all aspects of the organisation. Oracle ERP Cloud meets their needs for financials, supplier management and procurement all in one platform, easily accessible across all levels and departments. This empowers employee engagement across the business and aids the management team with decision-making,” said Adrian Johnston, Vice President, Oracle Cloud Applications, Asia Pacific.
With Oracle ERP Cloud, RedMart is equipped with the availability of business insights, allowing management to effectively make timely decisions pivotal to the company’s business priorities and growth, and reducing overhead costs.
Oracle ERP Cloud allows Redmart to collaborate with suppliers over a common platform. This will give Redmart the ability to further reduce costs in the long term through better negotiation and compliance processes. The modern Oracle ERP Cloud also enables social collaboration across RedMart’s operational and management teams, increasing productivity and employee engagement.
“Large, mid-sized, and startup companies are turning to Oracle for cloud-based solutions to better manage their resources to improve the efficiency of their operations,” said Neeraj Shaabi, Regional Managing Director for ASEAN and Sage, Oracle. “We are happy that Redmart has chosen Oracle ERP Cloud. It clearly outlines Redmart’s vision to modernise their finance and procurement processes to propel the company to the next level of growth.”
RedMart's e-commerce platform allows customers to buy groceries and household products, including fresh and frozen food, personal care, health and wellness, baby, and beverage, and pet products online. Since its launch in 2011, RedMart has grown 10 to 20% month-over-month and more than doubled each year.
“We are glad to have achieved the success we have today, but we are still growing and constantly exploring how to further improve our internal operations. Being a startup, business priorities tend to change quickly to respond to the competitive needs of the market. Our systems need to be flexible to match up with our priorities. Technology is at the heart of our business, and we need to constantly strengthen it in order to grow, and we’re glad that Oracle is along that journey with us,” said Jim Boland, Head of Finance, RedMart.
RedMart's legacy ERP system could not scale to the high transaction volume in line with the company's growth. It did not have the capability to produce useful reports, and was not flexible enough for the company’s fast changing business priorities, RedMart said. RedMart needed to improve system performance and flexibility to enable further expansion.
“RedMart was looking for a solution that not only produced reports that provide insights for decision-making, but a platform that employees could more efficiently manage internal operations across all aspects of the organisation. Oracle ERP Cloud meets their needs for financials, supplier management and procurement all in one platform, easily accessible across all levels and departments. This empowers employee engagement across the business and aids the management team with decision-making,” said Adrian Johnston, Vice President, Oracle Cloud Applications, Asia Pacific.
With Oracle ERP Cloud, RedMart is equipped with the availability of business insights, allowing management to effectively make timely decisions pivotal to the company’s business priorities and growth, and reducing overhead costs.
Oracle ERP Cloud allows Redmart to collaborate with suppliers over a common platform. This will give Redmart the ability to further reduce costs in the long term through better negotiation and compliance processes. The modern Oracle ERP Cloud also enables social collaboration across RedMart’s operational and management teams, increasing productivity and employee engagement.
“Large, mid-sized, and startup companies are turning to Oracle for cloud-based solutions to better manage their resources to improve the efficiency of their operations,” said Neeraj Shaabi, Regional Managing Director for ASEAN and Sage, Oracle. “We are happy that Redmart has chosen Oracle ERP Cloud. It clearly outlines Redmart’s vision to modernise their finance and procurement processes to propel the company to the next level of growth.”
posted from Bloggeroid
ReplyDeleteAmazing post.Thanks for your details and explanations..I want more information from your side.Thank you
Trading erp software in chennai
nice post, Pridesys IT Ltd. is always following the industry trends. Just to provide you the better product, service and support you need or might need in future. We have leveraged our experience and have kept abreast with the recent technology to provide our customer actual flexibility and mobility. And we are offering the most updated, customizable ERP system and implementation services.for more info: Pridesys IT Ltd
ReplyDeleteThanks a lot for sharing a valuable blog on Oracle fusion financials training. I was browsing through the internet looking for Oracle fusion financials and Oracle fusion applications and came across your blog. I am impressed by the information that you have on this blog. It shows how well you understand this subject, you can find more information about Oracle fusion financials by attending oracle procurment cloud. You can learn about interview questions by visiting fusion Interview Questions
ReplyDelete