ITV
Leveraging the next-gen Oracle cloud platform at the UK’s biggest commercial broadcaster.
ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment (M&E). ITV Studios is a diversified global production business which creates, owns and distributes high‑quality scripted and unscripted content for broadcasters and platform owners in the UK and internationally.
Headquarters:
London, United Kingdom
Type of business:
Private
Industry:
Broadcasting
Services provided:
PIONEERING FINANCE CHANGE
The journey so far
Significant growth and a challenging, fast-paced market has increased demand for high quality insight and business partnering value from Finance. An opportunity to move to the Oracle EPM Cloud was identified to implement a next-generation platform which could evolve alongside ITV’s ambitious targets for years to come.
Partnerships for success
In early 2018, ITV partnered with inlumi and mobilised a project to select and implement a new group consolidation solution. ITV have a Cloud-first strategy and, having recently implemented Oracle’s Fusion Cloud ledger for its largest business unit, Oracle’s Cloud Consolidation solution (FCCS) was identified as the optimal solution to deliver business benefit.
Innovative approach
Adopting an iterative design approach, offering accelerated build and increased insight during design, the team blended the control and governance of traditional waterfall approaches with the benefits of agile which, alongside FCCS’s pre-built functionality, allowed the project team to stand up a working prototype quickly and increase engagement throughout the design process.
It’s not only the experience that counted, but how we worked together.
Odette Jansen, Head of Finance systems, ITV
Focus on data quality
ITV’s emphasis on data quality meant significant effort was invested to analyse historical balances and reconcile these to FCCS consolidation entries. The return on investment for Finance was increased transparency on the nature of historic adjustments and analytic benefits.
Living in the cloud
Pioneering a relatively new technology was underpinned by a strong partnership with Oracle to navigate and troubleshoot technical challenges, understand the development roadmap’s impact on the project and embed the maintenance and testing process required to operate within a modern, SaaS model.
Finishing in style
The project was guided by ITV’s production-level focus on quality, embedding the same level of expectation and excellence in all elements of the organisation that is required to deliver the high-calibre productions that ITV create. This focus was immediately evident on go-live. Additional user support, a focussed change management responsibility and a robust communications approach led to a smooth go-live and the solution achieving a high level of adoption and user approval in the first few months of operation.
