The University of California San Diego, one of the country’s top research institutions, decided to replace its legacy financial management system with Oracle Enterprise Resource Planning (ERP) Cloud. The decision to use Oracle Cloud for finance enabled UC San Diego to increase its overall productivity, bolster decision making with real-time business insights, and easily incorporate emerging technologies.

UC San Diego was established in 1960 and is one of the world’s most reputable and innovative research universities. There are more than 36,000 students at the university, which brings in nearly $5 billion in annual revenue.

Why Oracle ERP Cloud for Finance Management?

The university’s legacy financial management system had been complex and expensive to update, and a need for change was established. UC San Diego was looking for a secure, scalable, configurable business platform that could help reduce redundant business processes and enable different campus systems to share financial data securely.

It was difficult for UC San Diego’s finance team to make sense of the data within the heavily customized legacy ERP system. It required significant levels of technical support. The system was not sustainable long-term and was holding UC San Diego back.

A nine-month bid process including participation from more than 100 stakeholders and subject matter experts (SMEs) led UC San Diego to select Oracle ERP Cloud for its financial management system.

“We anticipate that Oracle ERP Cloud will give us better access to innovative new technology, without painful software upgrades, and improve our finance team’s overall efficiency.”

—William McCarroll, Senior Director, Business & Financial Services General Accounting at UC San Diego

Benefits of Oracle ERP Cloud for Finance

Oracle ERP Cloud is designed to help organizations like UC San Diego increase productivity, lower costs, and improve controls.

One benefit of using Oracle Cloud for finance at UC San Diego is that it enables the university to move from overnight and weekend batch data processing to real-time business insights. This significantly speeds up month-end and year-end closing for UC San Diego’s finance team.

Additionally, Oracle ERP Cloud provides UC San Diego with tools to embrace finance best practices and more easily access and deploy emerging technologies to support changing organizational demands.

“We are seeing many higher education institutions leveraging our modern business applications to create efficiencies while reducing cost and dramatically impacting productivity.”

—Rondy Ng, Senior Vice President of Applications Development at Oracle

With Oracle ERP Cloud, UC San Diego will empower its finance team to play a strategic role in the university’s success.