Ninety One Goes Live On Oracle Cloud ERP & EPM Solution
About ninety one
- Industry: Financial Services
- Country: London, UK and Cape Town, South Africa, with hubs in 12 other locations including New York, Hong Kong and Singapore
- Employees: 1,165
- Revenue: £609.9 million (March, 2020)
- Assets Under Management (AUM): £103.4 billion (2020)
- Website: www.ninetyone.com
Ninety One is an independent, active global asset manager dedicated to delivering compelling outcomes for its clients. Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the firm demerged from Investec Group and became Ninety One.
The demerger from Investec was to be pursued as fast as possible and was to be completed within nine months. This timeframe would allow for the delivery of a complex transformation programme which would include the implementation of a new technology platform capable of delivering significant levels of efficiency that would put Ninety One in a strong position to thrive as a separate entity.
The company embarked on a journey to find an agile partner capable of delivering such a fast-track global solution. They found this in Oracle’s award-winning key implementation partner, Namos Solutions.
Working with Namos and Oracle has allowed Ninety One to transition to a modern ERP and EPM Cloud solution globally. This implementation has provided the company with real time business and financial information in order to manage its performance and enable operational efficiencies across the business.
SOLUTIONS AT A GLANCE
- Oracle ERP Cloud
- Oracle EPM Cloud (Oracle Enterprise Planning and Budgeting Cloud Service – ePBCS)
- FXLoader Cloud Service is designed to automate the load of FX rates into Oracle Cloud Applications, for converting foreign currency transactions
Namos has delivered an extremely powerful and highly configured Software-as-a-Service (SaaS) Financials solution enhanced using Oracle Enterprise Planning and Budgeting Cloud Service (ePBCS), giving the company the ability to quickly adapt to market conditions, whilst also providing visibility on an ever-evolving market environment.
Following go-live Namos has delivered multiple developments and enhancements to Ninety One’s system to support evolving business requirements, such as complex Data Management rules to support complex currency reporting requirements. The solution will provide the footprint for further cloud enhancements to enhance accountability and automate business processes.
The company will also benefit from reduced operational complexity, having awarded Namos with a 3-year managed service contract. The initial three-year contract allows Ninety One to leverage Namos’s expertise in Oracle ERP cloud technology and will help the global asset manager to stay focused on revenue-generating activities and innovation.
As their trusted Managed Service Provider (MSP), Namos will address their clients’ technical pain points and remain responsive to their needs throughout this period. Namos will further add value by proactively exploring and identifying enhancements for improvement in support of the company’s key business objectives.
"In my experience of working closely with Namos over the last 2 years, is that they are very agile and willing to understand your circumstances and what you are trying to do, and guide you as to how best to achieve your goals based on their experience. They make the effort of getting to know the people and the environment and they really do care!"
Angela Ferguson, Business Manager, Ninety One