Meteor to deploy Oracle finance system

13 Feb 2006

Software player Oracle has secured a deal with mobile operator Meteor to deploy an enterprise IT system that will work in alignment with Meteor’s growth plans. Meteor was acquired in recent months by Eircom.

Oracle has deployed a range of modules from Oracle’s E-business Suite “including general ledger, purchasing, financial intelligence, procurement, payables, receivables, assets, inventory and cash management” that will give Meteor a single accurate view of all financial information.

Increased market share also highlighted the need for the company to streamline financial processes and to increase operational efficiencies.

Tony Stewart-Lord, IT director ofMeteor, explained: “Meteor is growing at a tremendous rate and we needed to ensure all of our systems could match our rate of growth so we can guarantee the best possible service for our customers. Oracle provided a resilient, future-proof solution that will cut down on time and scale up to meet our growing business needs.

Today Meteor operates 20 stores and we have in excess of 400 sales outlets nationwide. With our market share growing steadily and so many channels to market, it was imperative that the technology and applications we selected had a first-class reputation,”? Stewart-Lord said.

Meteor’s key goals were to ensure compliance with best practice corporate governance and boost customer service. Meteor also needed to provide full-budget ownership and accountability to individual department managers.

Oracle Ireland managing director Paul O’Riordan explained that with the new system Meteor will be in a position to view accurate, up-to-the minute financial data at any time allowing for efficient, timely and precise reporting to senior management which in turn will enable better, faster decision making.

“Oracle has developed a portfolio of integrated solutions for communications providers that consolidate systems, centralise data and enable enterprise-wide workflows. The result is flexible, streamlined, end-to-end processes that improve business visibility and allow companies to adapt rapidly to a changing business environment while delivering significant return on investment,” O’Riordan said.

By John Kennedy