Business Process Outsourcing Featured Article

October 03, 2012

Lending Club Signs Agreement with Oracle for ERP Cloud Service

By Rahul Arora, TMCnet Contributor

Lending Club, a platform for investing in and obtaining personal loans, recently signed an agreement with Oracle (News - Alert) for Oracle’s ERP Cloud Service. Officials from Lending Club said the company will integrate Oracle’s services with Lending Club's online lending platform to improve decision-making and workflow, implement robust reporting, and take advantage of the inherent scalability and cost savings provided by the cloud.

"Lending Club is an innovative, data-intensive, high-growth company and we needed a solution and partner that could match us," said Carrie Dolan, CFO at Lending Club. "We conducted a thorough review of our options, and Oracle ERP Cloud Service was the clear winner in terms of capabilities and business value as well as commitment to us as a customer."

The Oracle ERP Cloud Service is an integrated suite that transforms the back office into a collaborative, efficient and intuitive hub. The suite includes multi-GAAP, multicurrency, multilingual and multisubsidiary capabilities. Complete ERP Services include financials, planning and budgeting, risk and controls management, procurement and sourcing, inventory and cost management, product master data management, and project portfolio management.

"Oracle ERP Cloud Service truly sets the new standard for finance," said Terrance Wampler, vice president of Financial Product Strategy, Oracle. "We look forward to working with Lending Club, as they actualize the business value of reporting, decision-making and productivity from Oracle ERP Cloud Service."

Oracle ERP Cloud Service suite includes Fusion Financials, a complete financial management solution. It includes a broad suite of capabilities including general ledger, accounts payable, accounts receivable, fixed assets and cash management.

It also boasts expense and collections management that all sit on top of a 100 percent open, standards-based platform to help customers increase business agility and standardize business processes.

In related news, Oracle recently launched the Social Relationship Management (SRM) Suite. Oracle’s Social Relationship Management Suite is an integrated enterprise service that enables companies to listen, engage, create, market and analyze interactions across multiple social platforms in real time, providing a holistic view of the consumer.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Austin 2012, happening now in Austin, TX. Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.

Edited by Braden Becker

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About Alorica

Alorica is a leading Business Process Outsourcing Provider of customer management solutions spanning the entire customer lifecycle. From customer acquisition and sales, customer care and support, supply chain and fulfillment, to social CRM and mobile, Alorica offers a seamless customer experience across all service channels. Alorica's award-winning Business Process Outsourcing services span both the Business-to-Consumer (B2C) and Business-to-Business (B2B) sectors across all industries for Fortune 1000 companies. Headquartered in Irvine, California with over 20,000 employees in over 40 domestic, near-shore, and offshore customer management centers, Alorica believes in creating opportunities for its clients, people, and in its communities. For more information, please visit www.alorica.com.

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