The company's procurement systems were not integrated with the payables and fixed assets systems. It required a holistic, enterprise-wide view of how much they spent with each supplier and specifically what had been purchased. They also needed to create a single center of competency to manage operations throughout the organization and sidestep the business integration hurdles traditionally associated with corporate acquisitions and deploying new applications. To support its business objectives, BMO selected Oracle On Demand for the flexibility to deploy new applications quickly across multiple business units via a single IT platform. The company deployed Oracle E-Business Suite applications to gain a single, enterprise-wide view of critical procurement information, reduce invoice-processing costs by $3.6 million annually, while also accelerating operations, including expense report payments.
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