Retail healthcare company, Apollo Health & Lifestyle Limited,has migrated its core financial systems to Oracle Fusion Cloud Enterprise Resource Planning (ERP) to optimise its financial operations and increase productivity, the company announced in a statement. 

With Oracle Cloud ERP, Apollo Health & Lifestyle will be able to eliminate manual processes and embrace continuous innovation to improve speed and accuracy in reporting, align financial and operational planning, and gain insights to drive better decisions.

A subsidiary of Apollo Hospitals Enterprise Limited, Apollo Health & Lifestyle manages an extensive network of standardized primary healthcare models, including Multispecialty Clinics, Diabetes Management Clinics, Dental Clinics, and Diagnostic Centers under various brand names. 

Oracle Cloud ERP is set  to increase productivity, reduce costs, and improve controls for Apollo Health & Lifestyle. “By integrating Oracle Cloud ERP into our operations, we aim to fortify our financial infrastructure, ensuring agility and efficiency across their business verticals,” said Sriram Iyer, CEO, Apollo Health & Lifestyle Ltd.

The incorporation of Oracle Fusion Cloud Enterprise Performance Management (EPM) within the ERP system will further enhance the speed and accuracy of financial reporting, reducing the time required for book closures and facilitating better decision-making by senior leaders.

The decision to select Oracle Cloud ERP was made in September 2022, with the cloud-based solution offering touchless operations, predictive insights, and embedded collaboration features. 

“With Oracle Cloud ERP, we can simplify finance processes, increase business agility, and improve business decisions so employees can focus on providing the best care to our customers,” said Ashish Maheshwari, CFO, Apollo Health & Lifestyle Ltd.

The implementation project was executed by PwC, a long-term member of the Oracle PartnerNetwork (OPN). Hirak Kayal, Partner at PwC, highlighted the need for an efficient and scalable back-office operation to meet the growing demand in India’s healthcare delivery market.