PwC unifies global finance on Oracle Cloud ERP with AI boost
PwC has expanded its adoption of Oracle Fusion Cloud Enterprise Resource Planning (ERP) to standardise finance operations across its global network of firms.
The move sees PwC transition from legacy systems to Oracle Cloud ERP, incorporating embedded predictive, generative, and agentic artificial intelligence across its finance activities. The company's decision aims to increase consistency and transparency in finance processes, enabling member firms to deliver services with greater efficiency and effectiveness.
Finance transformation
Pwc, known for offering audit, assurance, tax, and consulting services, aims to use Oracle Cloud ERP's embedded AI to enhance financial controls, align planning, and streamline global reporting throughout its various business units. Through the implementation, PwC intends to simplify reporting and gain quicker insights, supporting improved decision-making and control within its finance functions.
By standardizing our finance operations on Oracle Cloud ERP and deploying new embedded generative and agentic AI capabilities, we're able to simplify reporting, strengthen financial controls, and gain faster insights across our network. Delivering our own transformation also adds to the experience that we can bring to clients who are looking to modernize their finance functions.
With this strategy, PwC is automating document tasks across its end-to-end financial processes with Oracle Cloud ERP's document IO agent and AI-powered narrative reporting capabilities. This approach supports the acceleration of financial insights and fosters swifter, more data-driven decisions across the organisation.
Cost and control
By moving to the cloud-based Oracle system, PwC is seeking to increase productivity and lower operational expenses. The adoption is also expected to enhance financial controls, facilitate the alignment of financial and operational planning, and improve global consistency in reporting standards.
The company's wider adoption forms part of a strategic partnership with Oracle, whereby both firms are co-developing tools, accelerators, and methodologies to help PwC clients benefit similarly. The collaboration leverages PwC's direct experience as an Oracle Cloud ERP user and Oracle's latest AI-driven technologies, aiming to deliver more efficient finance transformations for clients.
Industry context
As finance operations become increasingly centralised and dependent on cloud technology, professional service firms like PwC are prioritising the adoption of AI-driven platforms. Oracle reports that about 11,000 organisations globally have adopted Oracle Cloud ERP applications to manage business operations, reflecting a growing industry trend towards unified cloud-based systems and AI integration for core business processes.
Professional services organizations need fast, accurate, touchless processes to optimize resource allocation and ensure projects are delivered on-time and under budget. With Oracle Cloud ERP, PwC has been able to standardize global processes on a single cloud platform and embrace the latest innovations in predictive, generative, and agentic AI. As a result, Oracle is helping PwC accelerate insights, uncover new opportunities for growth, and drive meaningful business outcomes for its clients.
Oracle Cloud ERP combines a range of business functions including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, supply chain management, manufacturing, and B2B tools. The company believes this broad functionality will assist clients in improving efficiency across transactions, payment, financing, and shipping, while promoting sustainable business practices.
The standardisation of finance operations on Oracle Cloud ERP is expected to provide PwC with more uniform processes worldwide, enhancing the firm's ability to offer advisory and support to clients pursuing digital finance transformation.
