Retail Chain improved accessibility & Data Flow with iEstate
Challenges
- Multiple Store Management using single lease agreement
- Lack of visibility on landlord payments
- Manual intervention for legal compliances
- Operational Challenges
- Lack of integration with back-end ERP systems
Solution Implemented
- iEstate deployed on Oracle Cloud Infrastructure Technology
- Integration with Oracle Fusion Financials
Performance Timelines
- Completed the project in 3 months
- Data migration of 2000+ open contracts
- Rolled out iEstate to 7 countries
Continuous Benefits
- Easy access to Lease Agreement data
- Amortization schedules
- Reduction of reconciliation efforts Automated IFRS 16 related journals
Business Processes Streamlined
- Lease Abstraction
- Renewals
- Amendments & Retrospective Amendments with amortizations
- Repayment Schedules
iEstate Leasing Solution
- Lease Management IFRS Reporting
