Published On: 2016-06-27

27 June 2016, Mumbai, India: Clover Infotech, a comprehensive IT services provider, today announced that it has successfully implemented Oracle Fusion Financials, a financial management solution for the Marcura Group, an IT services provider for the shipping and logistics industry. This was completed within a record time frame of three months. This is also among the first large scale implementations of Oracle Fusion Financials in the global shipping and logistics space.

Marcura Group comprises of companies that focus on providing business solutions designed to help their customers in the global maritime industry streamline processes, navigate increasingly complex regulations and mitigate risks. The group comprises of multiple global entities and offers multiple solutions with products like DA-Desk®, ProtsDirect®, CP Desk®, Martrust®, PortLog®, PortPoint®, Laytime-Desk® and Manifest-Desk®.

After evaluating multiple Enterprise Resource Planning (ERP) and financial accounting solutions, the Marcura Group zeroed in on Oracle Fusion Financials because of its comprehensive nature and superior cloud capabilities. Marcura was looking for an implementation partner who could complete the multi-location implementation within three months. Clover Infotech’s expertise in a diverse set of industries as well as its consultative approach led to Marcura selecting the company as its partner of choice.

Oracle Fusion Financials is a complete financial management solution on cloud. It revolutionizes productivity and information access with native, real-time intelligence. The solution includes a broad suite of capabilities including general ledger, accounts payable, accounts receivable, fixed assets, and cash management. It also includes expense and collections management that sit on top of a 100% open, standards-based platform to help customers increase business agility and standardize business processes.

Commenting on the development, Srikanth Doranadula, Senior Director & Head, Alliances & Channels, Oracle India said, “Cloud is the profitable route to take for next generation companies. We are confident that with Oracle Fusion Financials, the Marcura Group will be able to increase productivity and make better business decisions with the real-time intelligence capabilities.” He added, ”Clover Infotech has done a stellar job of implementing the solution within three months and will be able to offer continued support to the company.”

Congratulating Clover Infotech on this critical project, Tushar Trivedi, Group Head of Accounting, Marcura Group, said, “We were certain that Oracle Fusion Financials is the right solution to meet our requirements. We looked for an implementation partner who could understand our business requirements and be an integral part of this change. Clover Infotech came on board and carried out this challenging project in an utmost professional manner. Their team had a valuable mix of people with accounting knowledge, and knowledge of earlier versions of Oracle. I congratulate the teams at Clover Infotech, Oracle Support and Marcura for the excellent collaboration, ensuring the success of this implementation”.

Commenting on the development, Javed Tapia, MD, Clover Infotech credited his team for this achievement, “We knew from the first day that we were taking on a challenging project. I would like to congratulate the Clover Infotech team for delivering as expected within the stringent timelines. I take this opportunity to thank the Marcura team for their support in ensuring this success and look forward to many more opportunities of collaboration”.

About Marcura Group

The Marcura Group has been in operation for more than 15 years, with businesses spreading across Dubai, Japan, US, and India. The group enables maritime & logistic companies through consulting and offers solutions to optimize their business and augment efficiency. It also carries out private investments in IT and Business Services companies in the global maritime industry. One of its businesses is the largest independent provider of port cost management services globally.

About Clover Infotech

Founded in 1994, Clover Infotech (www.cloverinfotech.com) is a comprehensive IT services provider with a strong presence in India and Singapore. Over the years, Clover Infotech has established its expertise across multiple technologies including Oracle, SAP, Microsoft and Open Source. Equipped with ISO/IEC 27001:2013 delivery centers, Clover Infotech has been providing services ranging from application services to infrastructure management services to over 200 customers across geographies and industry verticals. Clover Infotech is a recipient of the CIO Choice awards (three consecutive years: 2013, 2014 and 2015) in the category “Database Solutions Support”. The company has also been conferred with the CIO Choice 2014 in the category “Application Delivery Platform”.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE: ORCL), visit oracle.com.