Rancon Real Estate has been synonymous with real estate sales and development in southwest section of Riverside County, CA. The company established in early 1970 has seen steady growth and in 2015 had over $100 million in revenue with over 100 employees and agents. Along with real estate development, Rancon has diversified into the wine, self-storage and hospitality marketplaces.
The main reasons for Rancon Real Estates search of a new ERP platform are as follows:
Rancon wanted an integrated Cloud solution to replace Quickbooks. Specifically they were interested in a robust Projects module that could provide project based accounting and reporting details required for their business.
Rancon has roughly 100 legal entities today with different business owners. Quickbooks was inefficient in maintaining accounting records across all of these legal entities. It needed constant changing of the entity context and manual updating of expenses and revenues
Rancon wanted the system to be architected to provide a best in class COA to enable business forecasting, planning, budgeting and tracking of detailed transactions for each legal entity throughout its life cycle.
There was a significant need for a unified reporting solution for the different businesses that could leverage the hierarchical COA structure for reporting analysis.
Platform for growth with the ability to easily perform managed service transactions across all the legal entities.
Access to the ERP system from any device, anywhere at any time.
Reasons for Choosing Oracle ERP Cloud
Rancon Real Estate considered all major ERP application vendors offering solutions and chose the Oracle Cloud ERP solution for the following primary reasons: :
Oracle Corporation provided a direct sales and support solution and Rancon knew a direct relationship with the author of the software along with the size and financial strength of Oracle Corporation would bring tremendous value initially and over the life cycle of the solution.
The Oracle ERP Cloud provided deep and rich functionality and across all areas of the business that needed automation.
The Oracle ERP Cloud solution was extremely affordable compared to lower-end traditional solutions.
Rancon could scale the business cost effectively without ever having to worry about growing out of the solution.
Reasons for Choosing RJT Solution Beacon
Rancon Real Estate considered all major Oracle ERP Cloud system implementation vendors and chose RJT Solution Beacon for the following reasons:
RJT Solution Beacon was able to quickly understand the unique needs and requirements of the organization.
RJT Solution Beacon had a long and successful track record of Oracle ERP deployment projects.
RJT Solution Beacon committed key internal management resources to sponsor the project to ensure a successful on-time and on-budget project.
The implementation methodology leveraged was designed to quickly and cost effectively implement the Oracle Cloud ERP solution while minimizing risk.
Oracle ERP Cloud Footprint
The following Oracle ERP Cloud modules were implemented:
Shared Core HCM
Financial Reporting Studio
Worklflows for AP, PO and Project approvals
Excel based uploads
BI Publisher reports Check printing, PO report, AR invoice
Robust Business Intelligence reporting
RJT Solution Beacon Implementation Solution
Rancon Real Estate tasked RJT Solution Beacon to architect the system, facilitate provisioning and communication with Oracle, gather requirements and implement the solution on-time and on-budget. RJT Solution Beacon utilized its Lighthouse Methodologysm approach consisting of five phases which are task driven and risk averse and the complete solution was delivered in 90 days. RJT Solution Beacon provided Rancon with the right skills, experience, quality checks and resources for system configurations, training and system integrity. RJT Platinum partnership status with Oracle Corporation, allowed Oracle resources to assist in engaging the right resources at the right time to provide application knowledge and escalation of issues.
The best in class COA is able to capture key business segments for reporting and monitoring in General Ledger. This has provided Rancon a foundation for forecasting, reporting analytics and control over transactions across the many legal entities found in the business. The solution minimizes application users having to change company context and allows them to work across a number of legal entities at one time. Reporting can now be done for a specific legal entity or across a range of legal entities.
The cloud solution has provided benefits of a centralized system with all on-going maintenance issues being handled directly by Oracle Corporation. Rancon can now stay current with both the application and technologies available in the system.
Rancon was able to automate very complex business processes and leverage built-in business intelligence reporting. This all adds up to a more efficiently run organization that can make real time decisions to optimize the business and gain an advantage in a highly competitive marketplace.