Clover Infotech implements financial management solution for shipping and logistics

July 11, 2016: Clover Infotech, a comprehensive IT services provider, announced that it has successfully implemented Oracle Fusion Financials, a financial management solution for the Marcura Group, an IT services provider for the shipping and logistics industry. This was completed within a record time frame of three months. This is also among the first large scale implementations of Oracle Fusion Financials in the global shipping and logistics space.

Marcura Group comprises of companies that focus on providing business solutions designed to help their customers in the global maritime industry streamline processes, navigate increasingly complex regulations and mitigate risks. The group comprises of multiple global entities and offers multiple solutions with products like DA-Desk®, ProtsDirect®, CP Desk®, Martrust®, PortLog®, PortPoint®, Laytime-Desk® and Manifest-Desk®.

After evaluating multiple Enterprise Resource Planning (ERP) and financial accounting solutions, the Marcura Group zeroed in on Oracle Fusion Financials because of its comprehensive nature and superior cloud capabilities. Marcura was looking for an implementation partner who could complete the multi-location implementation within three months. Clover Infotech’s expertise in a diverse set of industries as well as its consultative approach led to Marcura selecting the company as its partner of choice.

Oracle Fusion Financials is a complete financial management solution on cloud. It revolutionises productivity and information access with native, real-time intelligence. The solution includes a broad suite of capabilities including general ledger, accounts payable, accounts receivable, fixed assets, and cash management. It also includes expense and collections management that sit on top of a 100% open, standards-based platform to help customers increase business agility and standardize business processes.

Commenting on the development, Srikanth Doranadula, senior director & head, Alliances & Channels, Oracle India said, “Cloud is the profitable route to take for next generation companies. We are confident that with Oracle Fusion Financials, the Marcura Group will be able to increase productivity and make better business decisions with the real-time intelligence capabilities.” He added, ”Clover Infotech has done a stellar job of implementing the solution within three months and will be able to offer continued support to the company.”