Engineering and Construction Companies Lay the Groundwork for Growth and Innovation with Oracle Fusion Cloud Applications | ORCL Stock News

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Apr 10, 2025
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  • Major engineering and construction firms have adopted Oracle Fusion Cloud Applications Suite to enhance operational efficiency.
  • Pike Corporation reports improved decision-making and reduced manual tasks through cloud integration.
  • Black & Veatch enhances visibility and efficiency by consolidating critical systems with Oracle's platform.

Leading companies in the engineering and construction sectors, including Black & Veatch, Mortenson, Pike Corporation, and WSP Global, have turned to Oracle's (ORCL, Financial) Fusion Cloud Applications Suite to transform their business processes. This strategic implementation is aimed at standardizing finance, human resources, supply chain, and customer experience data on an integrated cloud platform, which is enhanced by embedded AI capabilities.

Pike Corporation, a significant provider of energy solutions in the U.S., has successfully streamlined its mergers and acquisitions integrations and accelerated financial close processes, thanks to Oracle's cloud solutions. "With Oracle Fusion Applications, we've been able to improve the speed and accuracy of business operations," stated Richard Wimmer, CFO of Pike Corporation.

Black & Veatch, a global leader in consulting, engineering, and construction, has consolidated its finance, planning, and HR systems on Oracle's platform to improve efficiency and expand business insights. "Our on-premises systems limited visibility into critical data," remarked Michael Williams, CFO of Black & Veatch.

Mortenson has rationalized 220 applications across more than 60 entities through Oracle's suite, integrating finance, HR, and procurement processes on a single platform. Meanwhile, WSP Global has improved real-time insights and business visibility, enhancing productivity and efficiency.

The Oracle Fusion Cloud Applications Suite includes modules such as Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM), Project Management, Human Capital Management (HCM), Supply Chain & Manufacturing, and Customer Experience. As Oracle continues its transition to cloud-based services, this widespread adoption demonstrates the organization's competitive strength in the enterprise application market.

For more information about Oracle's cloud solutions, please visit their official website.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.