- Williams Companies (NYSE: WMB) has moved finance and operations to the cloud with Oracle Corporation (NYSE: ORCL).
Williams Companies – a Fortune 500 company that handles nearly 30% of the natural gas in the United States – has moved finance and operations to the cloud with Oracle Corporation (NYSE: ORCL). Oracle Fusion Cloud Enterprise Resource Planning (ERP) is going to play a critical role in providing Williams with real-time insights and control over costs, in addition to reducing its own energy consumption with SaaS.
In order to improve productivity and simplify its finance and operations processes, Williams needed to replace its legacy financial management system with a modern cloud solution that would enhance visibility and governance across its business. And after careful evaluation, Williams selected Oracle Cloud ERP for its ability to automate and manage key financial data on a single, highly secure, and scalable cloud platform as well as joint venture management capability to distribute costs and revenue efficiently and accurately among partners.
There are over 8,700 organizations across all industries and geographies that rely on Oracle Cloud ERP to run their businesses. And Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain and manufacturing. It is known as a self-updating platform that constantly provides customers with the industry’s most advanced technologies every 90 days, giving organizations the ability to predict, plan and act on new possibilities faster.
“We eliminated thirteen different applications that had been bolted on, improving data governance and visibility into financial metrics. With Oracle Cloud ERP, we now have a complete and modern suite of enterprise applications that all run on a common data platform, automates time-consuming processes, and allows us to innovate and focus on evolving the business.”
— Cherie Humphries, chief procurement & digital transformation officer at Williams
“The natural gas industry went through a boom, and then into stabilization, which impacted our cost structure pretty significantly. The constant growth of buying and bolting on new solutions created a crowded IT organization with fluctuating costs. With Oracle Cloud ERP, our costs have gone down dramatically, we get new updates every quarter, and we’ve seen huge improvements to our operational margin – it’s been a big game-changer.”
— Brian Letzkus, chief information officer at Williams
“From core finance transformation to AI-driven automation, advanced analytics, and predictive modeling, our investments in oil and gas industry-focused innovations are at the heart of Oracle Cloud ERP. We are proud to be partnering with Williams to help the company focus on building strategic alliances, unlocking new business opportunities, and building a clean energy economy.”
— Rondy Ng, senior vice president of applications development, Oracle