Mortgage company Pepper Europe is migrating from an on-premise Oracle Financials system to a TechnologyOne cloud-based system to support its expanding European business.
Pepper Europe opened its first office in London in July following the acquisition of GE Capital’s Irish residential mortgage business.
With interests in the UK, Spain and Holland, Pepper Europe needed a scalable financial platform to help build out its new European business.
A key requirement included the rapid migration of data from its newly acquired GE Capital Ireland business away from the existing Oracle Financials application, and into an integrated cloud-based platform able to serve the wider needs of the group.
“With the demands of setting up a new operation and a requirement to absorb and integrate an existing business, a cloud based financials application offered a good fit for our strategy,” said Teuta Bakalli, CFO of Pepper Europe,
“We chose the TechnologyOne offering as it could get us up and running quickly from a secure cloud platform and offer us a proven suite of enterprise applications suited to our business model," said Bakalli.
Pepper Europe is already using the TechnologyOne Cloud for its operations in the UK, Spain and Holland and is currently in the last stages of migrating data from the legacy Oracle systems. It will fully go live with the new system on 1 January.
Pepper Europe is using the TechnologyOne Cloud to deliver critical business services and software applications including TechnologyOne’s financials, corporate performance management and business intelligence systems all from within a browser.
The cloud platform is based on an annual licence fee and includes software, infrastructure and upgrades and is able to scale on demand with additional modular features.