Home / Knowledge / News / Information Technology / Fruit of the Loom upgrades to Oracle E-Business Suite 12.1
Fruit of the Loom upgrades to Oracle E-Business Suite 12.1
01
Nov '12
Fruit of the Loom, one of the largest manufacturers and marketers of underwear, intimate apparel, casual wear, athletic apparel, athletic uniforms, and sporting goods, has upgraded to the Oracle E-Business Suite 12.1. To optimize business processes and integrate multiple acquisitions into its global business, Fruit of the Loom needed a scalable, flexible and comprehensive suite of business applications that could standardize and automate its financial processes.

By upgrading to the Oracle E-Business Suite 12.1, Fruit of the Loom will streamline its financial reporting and increase flexibility by creating a centralized location for business information and will reduce its reliance on manually intensive processes.

New functionality in Oracle Sub Ledger Accounting, part of Oracle E-Business Suite Financials, will enable Fruit of the Loom to centralize and enforce consistent accounting processes, while also supporting compliance with multiple accounting standards such as International Financial Reporting Standards (IFRS) and U.S. GAAP.

Oracle E-Business Suite Financials has also helped Fruit of the Loom use electronic payment and bank reconciliation functionality, enabling it to improve its financial processes, strengthen its controls and further increase efficiencies.

Additionally, Oracle E-Business Tax will help Fruit of the Loom automate its sales and use tax calculations by providing a platform for integration with a tax engine.

Based on the success of the project, Fruit of the Loom plans to take advantage of additional modules within Oracle E-Business Suite Financials, including Oracle Receivables and Oracle Internet Expenses. Additionally, the company plans to implement Oracle Hyperion Financial Management.

"As we continue to grow our company, we need a scalable and integrated platform that can optimize financial processes," said Fred Siegle, vice president of IT and Business Integration, Fruit of the Loom. "With the Oracle E-Business Suite 12.1, we are in the process of standardizing, automating and streamlining processes within the company. As a result, we will gain a more comprehensive view of our financial information, eliminate many inefficient manual processes and ultimately increase bottom-line profit."

Oracle


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search