London Stock Exchange Group (LSEG), a leading global financial markets infrastructure and data provider, has embarked on a transformative journey by selecting Oracle Cloud to revamp its finance operations. Leveraging Oracle Fusion Cloud and Oracle Financial Services Applications on a unified platform, LSEG aims to enhance efficiency, reduce costs, and elevate financial planning, forecasting, and controls.
In the wake of recent acquisitions, LSEG recognized the opportunity to streamline operations, enhance business insights, and drive profitability across its diverse lines of business. Opting to replace its 17 legacy finance systems, LSEG turned to Oracle applications to create a global platform for future growth.
Joanna Fielding, Group Head of Transformation, Finance, at London Stock Exchange Group, emphasized the organization’s commitment to continuous innovation across operations, including finance. Fielding stated, “With Oracle Cloud, we will be better able to align our financial operations to enhance performance, make better use of data, increase efficiency, and streamline billing—all while delivering outstanding service to customers.”
Oracle Fusion Cloud Enterprise Resource Planning (ERP) will play a pivotal role in automating financial processes and streamlining global procurement procedures for LSEG. Additionally, Oracle Fusion Cloud Enterprise Performance Management (EPM), part of Oracle Cloud ERP, will enable LSEG to align financial and operational planning, optimize forecasting and scenario planning, and enhance the speed and accuracy of reporting. To automate billing processes, unify billing operations, and support a customer-centric pricing strategy, LSEG will leverage Oracle Revenue Management, Pricing, and Billing.
Cormac Watters, Executive Vice President at Oracle EMEA, highlighted the global trend of organizations prioritizing efficiency and automation to maximize profitability and better serve customers. He noted, “With Oracle Cloud, LSEG has an integrated business platform that will shape its future growth with scalable, sustainable financial efficiency, and insights that will help it serve its more than 45,000 customers globally.” This strategic move positions LSEG to thrive in a rapidly evolving financial landscape, delivering value to its customers and fostering sustained growth.