CANTON, Mass. -- Cumberland Farms Inc. has selected the Oracle E-Business Suite to help improve financial reporting and establish a platform for growth across its retail, fuel distribution and property management businesses.
Cumberland Farms will use Oracle applications to provide management of operations, internal controls and synergies across these core business operations.
The Oracle implementation is part of Cumberland Farms' strategy to manage growth as its retail enterprise expands throughout an 11-state region in the northeastern [image-nocss] United States and Florida to its more than 900 locations.
Cumberland Farms decided to upgrade its information systems to help streamline its financial reporting systems, improve internal controls and provide the foundation for future system enhancements.
Oracle Financial Management will comprise the first phase of implementation and will help the company immediately streamline and improve financial reporting, while enabling compliance with corporate governance best practices. The company expects to close month-end reports faster and gain more precise and visible internal controls, enabling financial managers to scale the business for growth.
Redwood Shores, Calif.-based Oracle is a major global enterprise software company.
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