Checkr modernizes finance operations with Oracle Cloud ERP

Checkr modernizes finance operations with Oracle Cloud ERP
  • November 29, 2023

Checkr, Inc. (Checkr) is a technology company that uses artificial intelligence to improve the speed of background screenings and the hiring process. The company wanted to enhance its ERP platform to prepare for global expansion and growth. PwC helped Checkr implement a scalable Oracle Cloud ERP solution and streamline finance operations over a ten-month period. Its cloud-native ERP enabled Checkr to reduce close timelines by restructuring its chart of accounts, ledger, legal entities, invoice-to-cash process and procurement system.

Checkr Inc

CLIENT

INDUSTRY

Technology, media and telecommunications

FEATURING

Oracle

10 months

time to value, delivering global design, implementation, training and change management

53%

reduction in period close times

40%

improvement in reporting and governance efficiencies as a result of the scale and capabilities provided by Oracle Cloud ERP

A cloud-based ERP that can help automate processes, enhance internal controls, streamline operations and boost employee confidence

Interview with Sameer Chaturvedi Head of Corporate Engineering, Business Technology,  Checkr, Inc.


Interview with

Sameer Chaturvedi

Head of Corporate Engineering, Business Technology, Checkr, Inc.

 

What was the challenge?

“Efficient operational growth is one of our top business goals at Checkr. We wanted to establish a scalable ERP platform that could support our expansion plans and provide a foundation for financial reporting, governance and controls. Our former ERP was able only to scale so far. To help meet our multi-entity, chart of accounts, ledger structuring, procurement and fixed asset needs, the legacy platform would have required upgrades and extensive customization making it more difficult to adapt as our business grows. Moving to an industry-leading cloud platform could better position our business for the next phase of its growth journey with confidence in our technology’s agility.”

Describe the solution delivered by the PwC community of solvers.

“We knew that it was time to transform rather than upgrade our ERP in order to grow the business. PwC helped us assess and strategize the ways to get there, leading us through a migration to Oracle Cloud ERP. And the firm built the business process and system capabilities to help bridge the gap between IT systems and business thinking. We worked together to design the foundational aspects of a long-term ERP platform that could support future growth and scale — assessing the risks and benefits associated with digital transformation along the way.”

How does the solution blend the strengths of technology and people?

“Oracle Cloud helps build trust and strengthen our governance and controls. It can streamline back-office finance operations and segregates responsibilities or tasks among employees to enable scalable controls. Further automation built on this foundation can help continue making accounting, billing, reporting and fixed asset management more efficient. PwC’s support in training our employees and the platform’s ease of use allowed us to swiftly transition in ten months.”

Where or how did innovation and unexpected ways of thinking come into play?

“Our move to Oracle Cloud ERP helped set the foundation for future scale, innovation and growth that wasn’t previously achievable with our legacy technology. We adopted industry-leading out-of-the box functionality on an expedited timeline and worked with PwC to help develop creative, overlapped delivery methods. Through the various implementation, integration and training phases, PwC helped us simplify the user experience, stabilize operations and build business processes that capitalize on cloud capabilities.”

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It's time to modernize financial operations. Are you ready?

Controller: The efficiency leader

As a Controller, you play a crucial role in leading your organization’s tech agenda with clear goals to help drive efficient growth.

You also fully understand they key to achieving this is often a scalable cloud-powered ERP system that can simplify finance operations, assign tasks for better control and introduce automations that make accounting, billing, reporting and asset management easier and more efficient.

Given increasing scrutiny from investors, regulators and the public, you’re always a fierce advocate for the right technology at the right time.

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CFO: Driving cloud-powered finance

You fully grasp that the financial landscape is shifting toward an even more digital-centric future. With increased reliance on data, technology now underpins decision-making, supporting risk assessment, transaction processing — even your organization’s agility.

As someone who also understands the necessity of transformation — especially when it comes to governance and controls — you know when to champion the move to a powerful cloud platform that can propel your company to the next phase of growth and innovation.

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Transformation Leader: Modernizing value

You’re a galvanizing leader who helps drive rapid transformation at your organization.

You’re the first to make the case for digital tools that can strengthen governance and controls, streamline back-office finance operations and segregate responsibilities among employees — especially given these implementations can also build trust and rapidly boost efficiency.

You have the data to back it up, too. According to PwC’s Cloud and Business survey, cloud-powered companies are 4x more likely to say they face no barriers to achieving cloud transformation value across multiple areas.

Simplification and automation? That’s exactly what you’re looking for.

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Kevin Sullivan

Global and US Oracle Practice Leader, PwC US

Aditya Eswarapragada

Principal, PwC US