Flexible foundations for a rapid expansion
The transformative solution was implemented in record time, providing Nickel with the flexibility necessary for its rapid expansion. An integrated and centralized system for finance functions has improved data quality, finance closing timeframes have been reduced by five days, and the implementation of invoices via purchase orders has increased from 40% to 80%. Financial processes can be standardized, and compliance and traceability have significantly improved. Nickel plans to expand into advanced procurement and budget and planning capabilities with Oracle Cloud and aims to launch in eight European countries by 2024, with Arrk Groupproviding roll-out assistance via fully offshore solution maintenance. Nickel is well on the way to achieving its ambitious goal of giving everyone, everywhere, easy access to modern banking.
