Client Success Story
Elevating Trade Management with Accelalpha's Oracle GTM Implementation
The Challenge
A pioneering medical technology solutions provider with a legacy from the 1970s has been dedicated to enhancing patient care and reducing healthcare costs through innovative diagnostic solutions and services for hospitals worldwide. However, as the organization expanded globally, it encountered process bottlenecks related to international trade caused by restricted party screening and item classification within its on-premises Oracle E-Business Suite ERP medical technology solution provider with a legacy from the system.
The organization decided to migrate its ERP system from Oracle E-Business Suite (EBS) to Oracle Cloud ERP, reaching out to Accelalpha to implement Oracle Global Trade Management (GTM) and integrate it with the new cloud ERP system.
Our Approach
The primary focus of the Oracle GTM implementation centered on comprehensive restricted party screening. In Phase 1, our core objective was establishing a robust screening mechanism for the organization's customer and supplier master data, diligently screening for denied parties. This proactive approach aimed to mitigate potential risks associated with their international business partners.
Accelalpha worked closely with the organization to integrate Oracle GTM with the Oracle Cloud ERP system. The partnership was characterized by collaboration and knowledge sharing, enabling the successful implementation of a tailored solution.
The Results
The collaboration between Accelalpha and the organization has yielded significant results:
- Compliance Assurance: The organization has mitigated its compliance risk by screening customer and supplier data for denied parties.
- Operational Efficiency: The implementation of Oracle GTM streamlines trade processes, ensuring that denied party screening is executed consistently, minimizing risk, and meeting regulatory standards.
- Continued Partnership: The organization expressed satisfaction with the delivered solution and has selected Accelalpha for its phase two implementation.
Why Accelalpha?
Accelalpha's selection for this project was based on a combination of factors, including our expertise and thorough understanding of the organization's requirements. This partnership exemplifies a shared vision of success, highlighting Accelalpha's commitment to addressing challenges and driving solutions that contribute to the organization's international growth.