Fidelity Investments is an American multinational financial services corporation. It is the second largest mutual fund and financial services group in the world.

1. Suneratech | Case Study
For
Fidelity Investments
www.suneratech.com

2. ABOUT
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Fidelity Investments is an American multinational financial services
corporation. It is the second largest mutual fund and financial services
group in the world.
“Innovative and custom solution that meets our requirement and helps
save costs and time”-VP of IT, American multinational Financial
Investments & Services.”

3. BUSINESS CHALLENGES
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Fidelity Investments had the below challenges:
• Decentralized Accounts Payable team across 25 countries making the
process and system repetitive.
• Lack of documentation for Global Audit & Regulations compliance.
• Lack of proper tracking of 400,000+ Invoices as paper and email attachments
are used.
• Delays in Supplier due-diligence and on boarding.
• Lack of Custom financial workflows and custom business rules.

4. THE SUNERATECH SOLUTION
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Suneratech provided SmartPAY™ solution to transform the Procure to Pay (P2P)
business process by automating and optimizing Accounts Payables. SmartPAY™
is built on Oracle Fusion Middleware WebCenter & BPM suite and is cloud
SaaS-enabled. This enables the efficient processing of paper invoices.

5. CLOUDTESTR FEATURES
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• Vast experience in testing both Oracle applications & custom web applications
• Proven full stack expertise in Test Automation across multiple tools &
approaches.
• Unique testing solutions which can reduce time to validate from weeks to
days.
• Reduce your manual efforts, go-live faster with greater confidence
• Packaged enterprise mobility services & solutions
• Closely aligned with Oracle’s technology roadmap

6. MANAGE FEATURES
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• Global Shared Services for AP processing
• 67% reduction in processing time
• 53% reduction in processing cost
• Re-engineered workflows to streamline supplier due diligence and on boarding

7. RESULT
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Fidelity Investments have achieved the below outcomes:
• Global Shared Services Model with 60% reduction in labor costs
• Automated electronic invoice document processing, storage, &retrieval.
• Additional revenue generation for early payment discounts.
• Enhanced business intelligence & reports.
• Re-engineered workflows by integration with procurement.

8. Thanks For Reading
www.suneratech.com
6150 Hellyer Ave, San Jose, CA 95138, United States
Telephone: +1 248-524-0222
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