Infovity, using Oracle ERP and EPM Cloud, 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Mechanics Bank was using outdated technology that resulted in significant downtime and manual workflows, including physical signature-based approval processes.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 ERP Cloud (Financials and Procurement) and Oracle Enterprise Performance Management (EPM) Cloud 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
Our focus is 100% Oracle, from ERP to HCM, EPM, E-Business Suite, custom application development and more. We were founded by former Oracle employees, so it’s no surprise that many of our team members were previously Oracle product leaders, in some cases helping to build many of the Oracle products we implement today. With such deep Oracle expertise as well as extensive business, compliance, and overall technology experience, you can be assured that Infovity will deploy your solution as rapidly as possible using best practices.