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IT Convergence expands its Oracle Cloud portfolio of financial services customers with Payscout.
Reno, NV – January 21, 2017 - IT Convergence, an application services Oracle provider with global capabilities and a suite of solutions that span the entire technology stack and a Cloud Standard level member of Oracle Partner Network (OPN), today announced its second successful Enterprise implementation of Oracle ERP Cloud applications.
Payscout, a global payment processing provider covering six continents and one of America’s fastest-growing privately-held companies, was using a basic online accounting solution and an outsourced invoice processing company to run their business. The biggest challenge Payscout encountered was the inability of its technology and processes to scale during periods of rapid growth without adding additional costs and overhead. By implementing and leveraging the scalable architecture of the Oracle ERP Cloud solution, Payscout was able to automate its invoice processing and continue their growth trajectory without adding costs.
“The strength of Oracle’s Fusion Financial Management Cloud solution will enable us to better support the entrepreneurial dream of our global client base,” said Payscout Chief Financial Officer Dan Gardner. “The IT Convergence team was a great partner for us in the development and deployment of Oracle’s robust technology stack. We now have an Enterprise ERP cloud service that supports increased productivity and accelerated business performance.”
IT Convergence was able to gracefully implement the solution and work through complex integrations with Payscout’s existing credit card processing platforms in only nine weeks. The entire Oracle Cloud Financials suite had been implemented by incorporating best practices specifically tailored to the needs of the finance industry.
ITC’s strong integration background helped Payscout in integrating its Oracle Cloud ERP environment with their gateways in a more robust way. As a result of the implementation, Payscout was provided with rapid ROI without a costly “rip and replace” approach that would require significant downtime and disrupt daily business operations. In addition, Payscout could get rid of the manual reconciliation work that it has been doing for many years, saving valuable time and staff resources.
“Payscout has offered more than the required support for IT Convergence to explore their business and provide the best implementation results. Our team has gained substantial experience during this project, specifically regarding understanding how Oracle ERP Cloud can speak to various payment gateways for running day-to-day payment operations. Our strong in-house Oracle Cloud expertise and well-defined implementation methodology enabled us to implement the solution at a rapid pace,” said Pooja Vankayalapaty, Oracle Cloud Practice Head, IT Convergence.
IT Convergence and Payscout are committed to establishing a long-term collaborative partnership—creating an IT roadmap that can carry Payscout into the future by implementing industry-leading technology solutions that can scale with their business needs and growth.
Read more about how IT Convergence’s other financial services customer went live with Oracle ERP Cloud in only two weeks here!