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Marex Financial Ltd Transitions to Operational Independence, Meets Three-Month Deadline

PublisherOracle
Format PDFDate added11 Jul 2007
Topics Planning and Services, Financial Management
Downloads67

Marex Financial Ltd is an independent brokerage and foreign exchange company offering comprehensive coverage of key global commodities, financial futures, options, and foreign exchange. The challenge was to achieve systems independence and autonomy following a split from a larger financial services group - while still using the legacy software - within a short, critical time frame; implement the new financials system on time to support a chain of business system go-lives; and separate and migrate all Marex-relevant historical and ongoing data from existing systems as part of the separation process. The company achieved total system independence with a single business instance of Oracle's PeopleSoft Enterprise Financials Management solution - specifically General Ledger, Asset Management, and Payables - to support internal financial operations.

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