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Case Study: Oracle ERP Implementation for Aegon

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Case Study: Oracle ERP Implementation for Aegon

Case Study: Oracle ERP Implementation for Aegon

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  • 1. A Clear Path toOperational EfficiencyOracle ERP ImplementationBusiness ChallengeEffective Resource ManagementAEGON Romania’s wide range of products ensurescustomer safety and financial comfort, while laying thefoundation for important growth in the local financialsector. The successful insurance company identifies,develops and promotes products and services adapted tothe specifics, needs and demands of individual andcorporate clients.Aiming to be one of the top five life insurance companiesin Romania by 2013, AEGON required a planning solutionthat could support and streamline the use companyresources.Solution OverviewComplete Internal Process InventoryAEGON Romania chose iQuest to implement an EnterprisePlanning Solution that would allow a clear overview acrossall internal processes and the evaluation of their impact onaccounting.We provided AEGON Romania with consulting andimplementation services, enabling AEGON to introduceOracle e-Business Suite financial and stock modules.With a clear and detailed focus on integration, we alsocontributed substantially to the development andintegration of the e-Business interface with other specificapplications already being used within the company(including the online banking application).AEGON Romania is a part of theAEGON International Group, one ofthe most important suppliers offinancial services in the world,specialised in life insurance,pension plans and investmentsolutions.With over 160 years of experience,AEGON International Group ispresent in 20 countries on fourcontinents, with over 30,000employees.Company SnapshotActive in Romania since 2007Headquartered in Cluj-Napoca, RO40 Employeeswww.aegon.roFinancial Services | AEGON Romania
  • 2. Benefits and ResultsSpecific Processes EffectivenessThe project was finalised in a very short time frame with allof the implementation objectives attained, enabling AEGONRomania to benefit from a powerful application whichensures superior resource planning.The Enterprise Resource Planning system allows AEGON tomake internal processes more effective on a company levelthrough the automation of operations, increase productivity,and consolidate their financial and accounting informationfrom multiple sources (applications, systems) within a verywell structured core.We helped AEGON Romania reduce low-level routineactivities for personnel and shift focus towards analysis anddecision tasks. They are now able to reflect all theoperations within the company from a financial andaccounting point of view.AEGON Romania gained a reliable system, whichenables exact process evaluation, while facilitatingcritical business decisions.We chose iQuestbecause of their extensiveexpertise in internationalprojects.Our expectations wereconfirmed. We have gaineda devoted partner, whounderstood our specificneeds.Dana CîrsteaChief Financial OfficerAEGON Life InsuranceFinancial Services | AEGON Romania””About iQuestFor more than 15 years, iQuest has been delivering an extensive portfolio of professional services and customised software solutions acrossEurope, MEA and the US. With a successful combination of technical expertise and service excellence, iQuest drives long-term business value forleading companies in Life Sciences, Telecom, Financial Services, Transportation and Energy. Headquartered in Germany, with local teams inSwitzerland, Sweden, Romania and the US, iQuest currently employs more than 500 people.For more information, please visit: www.iquestgroup.com© Copyright 2013, iQuest Technologies. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or byany means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from iQuest. All other product names, service marks,and trademarks mentioned herein are trademarks of their respective owners.