Infovity, using Oracle Cloud ERP and EPM, puts Mechanics Bank on Autopilot
Mechanics Bank, is a leading community bank in northern California with over 34 branches, 4 billion in total assets, and 500 employees.
Mechanics Bank was using outdated technology that resulted in significant downtime and manual workflows, including physical signature-based approval processes. The Bank needed upgrades to enable growth via acquisition.
Infovity implemented Oracle Cloud ERP (Financials and Procurement) and Oracle Cloud Enterprise Performance Management (EPM) on top of the bank’s FISERV core banking platform to provide scalability for future growth, automated reporting processes, and controls over disbursements.
The Infovity solution gave Mechanics Bank:
Real-time general ledger functionality
Streamlined financial closes (less than five days)
Ability to verify compliance, privileges, data entry, and segregation of duties
Reconciliation and journal reports, supplier and invoice payment reports
Multi-layered security driven by branch, portfolio, and business functions
We are 100% focused on solving today’s complex business challenges using Oracle Cloud Apps, custom application development, PaaS, OIC, and more. Former Oracle employees founded Infovity, so it’s no surprise that many of our team members were the product leaders helping build the products we implement today. Combining Oracle expertise with extensive business compliance, industry models, and world-class implementation and managed services teams, your solution will be deployed fast using proven best practices that ensure it’s done right the first time.