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Nuvama Group is a technology-driven financial services company offering wealth and asset management, investment banking, and brokerage in India. Its industry is highly regulated, including strict data retention rules. After its previous on-premises software system led to compliance challenges and issues with scalability, performance, and infrastructure management, Nuvama implemented Oracle Fusion Cloud ERP. The cloud ERP system simplified integration with more than 30 systems and eliminated extensive database administration, server management, and patching overhead. Oracle Fusion Cloud ERP helped Nuvama address regulatory compliance by providing pre-built templates and automatic updates when regulations change. The company estimates it has experienced a 25% boost in employee productivity and a 30% improvement in process efficiency. The company now has the ability to scale up or down instantly to quickly adapt to business changes. Nuvama can focus more on customer needs, investor needs and employee delight rather than infrastructure management and regulation issues.
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