Operational Finance Excellence@Fyber

Oracle Financials and Procurement Cloud in 6 Months?
Yes, we can!

App stores are bursting at the seams. Apple’s App Store and Google’s Play Store each offer over 1.4 million applications. A majority of the most popular apps are provided free and across all platforms. This is why it is criticial for mobile app developers to utilize effective mobile advertisement and monetization solutions as a possible source of income to support their development costs. As one of the top leading Supply Side Platform, Fyber has been a platform of choice for thousands of leading developers, publishers and advertisers, offering a strong monetization platform.

As a leading advertisement technology company based in Germany with an office in San Francisco, Fyber offers app developers smarter monetization strategies through a single, unified, open platform that connects the supply (publishers and app developers) with the demand (advertiser) side. The offering includes Ad Network Mediation, an Ad Marketplace, and User Acquisition Solutions across various ad formats and is supported by a strong account and technical management team. This solution helps publishers and app developers maximize and optimize their revenue potential.

As Fyber quickly scaled and experienced rapid global growth, they came to a point where they required a lean but robust business processes which needed to be supported by better online tools. It was time to look for a new, integrated ERP system in order to support their Finance business processes. One trigger for this decision, for example, was the substantial manual effort put into issuing invoices as well as the complex monthly and annual close procedure including consolidation.

For this implementation, Fyber looked for a competent and reliable partner who understood the processes and knew how to handle the necessary technology. The big challenge was to implement a complete financials and procurement solution for no less than 14 legal entities in 5 countries in about 6 months. Additional requirements were the complex migration of the legacy database and the integration of existing platforms, like Salesforce.com, via web services. Considering all these tasks, Fyber chose PROMATIS – the right partner for automation of ERP processes using the Oracle® ERP Cloud. With their highly flexible procedure model IQPM™ and their best practice processes for a synergetic collaboration between business processes and modern Oracle® Technologies for process optimization, PROMATIS stands for a quick, goal-oriented and agile implementation.

Significant improvements and a new level of modern technology was implemented in a very short time, despite additional challenges emerging during the course of the project due to multiple business acquisitions that Fyber had to manage.

We are very pleased to have Fyber as a customer for the implementation of our solutions and happy to have been able to provide a better, online system to contribute to the efficiency of their business. Together with our innovation management that is combined with our longtime expertise in the high-tech branch, we are confident that we can deliver success to other businesses alike.

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