Pico Quantitative Trading (Pico) is a leading provider of technology services for the financial markets community. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model.
Business Challenges
- Poor First Implementation – The partner who implemented ERP Cloud for Pico did not follow Oracle best practices and was unable to get the customer live
- Difficult Conversions – One of the biggest challenges with getting live was completing the data conversions from their legacy systems
- International Acquisition – Pico acquired an entity in Ireland leveraging SAP that needed to migrated to the new Oracle Platform to provide a consolidated view of the business
Solution
- Leverage, but Reimplementation – Peloton took a holistic approach to the design to leverage existing work where possible, but ultimately drive best practices and solid documentation
- Oracle Cloud Procurement – The implementation of Oracle Cloud Procurement provided a control structure to control indirect spend for Pico Quantitative
- Virtual Delivery – Peloton leveraged their virtual delivery methodology and a team disbursed globally to successfully deliver Pico to the Oracle Cloud
Impact
- Single Source of Truth – Integration of Financial & Operational data from systems in their data warehouse
- Seamless Integration & Process Automation – For all key business functions which improves coordination between quoted and executed jobs and allows resources to focus on value-add analysis
- Enhanced Profitability Analytics & Decision Making – Actionable analytics detailing the impact of different products and operational drivers that impact profitability
