Homebuilder Consolidates Finance, Planning, Supply Chain Processes
Clayton, the industry’s largest builder, announced it is using Oracle Fusion Cloud Applications Suite to streamline business processes and support its mission to provide attainable, sustainably-built housing to U.S. individuals and families.
The integrated suite of cloud applications to manage finance, planning, and supply chain processes provides efficiencies for Clayton resulting in reduced costs and enhanced decision-making. Clayton has more than 60 home building and component manufacturing facilities, over 380 company sales locations, and a product portfolio that includes a comprehensive range of modern manufactured and site-built housing. Its vertically integrated solutions include home building, retail, and financing business units.
Clayton’s complex operations made it difficult for leadership to gain timely insights and slowed decision-making, Clayton said in a corporate statement.
The unified business platform is expected to streamline complex finance and accounting processes, improve operational visibility, and support the company’s dynamic supply and demand planning needs.
“The housing industry has endured numerous headwinds recently with rising interest rates and material inflation. Now, more than ever, we need to stay focused on enterprise-wide productivity, improvements, cost reduction, and driving value for our customers,” Clayton CFO Jim Stariha said. “Oracle Fusion Applications Suite has enabled us to standardize intricate finance and supply chain processes on a single integrated cloud platform and take advantage of advanced capabilities to reduce working capital, increase productivity, expand insights, and improve decision-making as we make home building more sustainable and homeownership more attainable.”
With Oracle Fusion Cloud Enterprise Resource Planning, or ERP, Clayton has been able to increase efficiency and insights, reduce costs, and improve financial controls by consolidating financial data from its business units into a single chart of accounts and general ledger. It has helped Clayton further streamline planning, budgeting, and reporting to accelerate its financial close process.
Additionally, Oracle Fusion Cloud Supply Chain & Manufacturing, or SCM, has helped Clayton improve supply and demand planning and increase the efficiency of home building and logistics operations so it can quickly respond to changing market conditions, the company stated.
“To stay competitive in the housing market, Clayton needed to consolidate systems, streamline processes, and embrace automation,” Oracle Executive Vice President of Applications Development Steve Miranda. “With Oracle Fusion Applications, Clayton can take advantage of an integrated applications suite with embedded AI to help improve the speed and accuracy of processes, increase overall efficiency, and bring new housing innovations to market that help make homeownership a reality for more people in America.”
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