September 29, 2020
Accenture Collaborates with Oracle to Transform Nickel Bank’s Finance Functions
Implementation of cloud-based Oracle Cloud solution completed in just six months
PARIS; Sept. 29, 2020 – Accenture (NYSE: ACN), a Platinum level member of Oracle PartnerNetwork (OPN) completed an information technology (IT) modernization project for Nickel, a subsidiary of BNP Paribas and the first French neo-bank, that transformed Nickel’s finance functions with the implementation of Oracle software-as-a-service (SaaS) and Enterprise Resource Planning (ERP) solutions.
The project was undertaken as part of OXYGENE, a program Nickel launched in 2019 to modernize, simplify and harmonize its IT systems by migrating them to the cloud — helping ensure best practices for its financial management capabilities. Nickel chose Oracle Cloud ERP for three key differentiators: the simplicity of application configuration and use, the cost and scalability of the solution, and the agility provided by the cloud. Accenture led implementation of the solution, leveraging the company’s expertise in digital transformation, innovative methodologies for implementing Oracle Cloud solutions, and substantial experience in the financial sector.
"We’re excited to have played a key role in helping Nickel harness the full value of SaaS with confidence — safely migrating, managing, and innovating to drive greater agility and business performance," said Philippe Montmartin, Accenture’s Oracle Cloud ERP Lead for France & Benelux. “This work, which has enabled Nickel to pursue its strategy of continuous innovation, is another great example of the power of our strategic collaboration with Oracle.”
In just six months, Accenture helped Nickel to:
- Establish an integrated virtual system for accounting transaction processing based on unified financial repositories and data, such as the bank’s supplier repository, common operational charts of accounts and standardized analytical keys for different countries;
- Centralize accounting processes into a single system that provides broad functional coverage and integrates easily with Nickel’s core banking, payroll and other key applications;
- Accelerate and standardize the production of customer accounts;
- Strengthen the audit and coverage of internal controls and extend the functionality of financial reporting.
"Today, more and more companies are choosing to move their business applications, whether it’s finance, HR, logistics or marketing and sales, to a SaaS model. And many are deciding to begin this migration with ERP, understanding that the finance function is a critical component of the company’s strategy and sustainability," says Eric Gatrio, Applications Leader for Oracle France. "In addition to a fruitful new collaboration with our partners at Accenture, I am delighted that a bankNickel, with all its regulatory constraints and requirements in terms of data availability and confidentiality, has chosen to put its trust in our cloud solutions — which we build specifically with security in mind — and look forward to expanding on this success with Nickel and other financial institutions.”
Nickel Chief Operating Office Olivier Jean added, "Nickel’s growth, both in France and abroad, requires us to make our internal processes ever more reliable. The adoption of a cloud-based ERP solution allows us to focus on our core business by relying on the most efficient market solutions for our support functions. We are very pleased to have partnered with Accenture and Oracle on such an important project.”
Olivier Jean will discuss the project in more detail in a webinar organized by Oracle in partnership with Accenture on September 30th at 5pm. Register to attend online here.
Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. With 506,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.
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Nickel offers a current account open to everyone, with no income, deposit or asset conditions, and no overdraft or credit facility. The account is opened in 5 minutes at a tobacconist or a Point Nickel approved by the Banque de France and provides, for 20€ per year, an international Mastercard®, a nominative RIB and tools to follow your operations in real time (Web, mobile, SMS). More than 1.7 million Nickel accounts have been opened with a distribution network of more than 5,700 partner outlets.
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