Joyson Safety Systems Drives Finance Efficiency in the Cloud with Oracle

Joyson Safety Systems, a global supplier of mobility safety components and systems, has selected Oracle Fusion Cloud Enterprise Performance Management (EPM), part of Oracle Fusion Cloud Enterprise Resource Planning (ERP), to support its mission to provide high-quality safety solutions that enable its customers to drive the next generation in mobility. With Oracle, Joyson Safety Systems can increase financial planning efficiency, expand global insights, and improve decision-making.

Headquartered in Auburn Hills, Michigan, Joyson Safety Systems offers a broad range of products including seatbelts, airbag systems, and integrated safety solutions for the global automotive industry. To increase efficiency as it grows and introduces new safety innovations, Joyson Safety Systems needed timely access to critical operations and business performance data. After careful consideration, Joyson Safety Systems selected Oracle Cloud EPM to help enhance financial closing and consolidating processes and gain the data-driven insights it needed to support its ambitious growth plans.

"Autonomous vehicles, changing safety regulations, and new ownership models are transforming the mobility market, and we need quick access to insights to evolve our business and meet safety needs," said Linda Zhang, chief accounting officer, Joyson Safety Systems. "With Oracle, we'll be able to streamline our financial close processes, improve insights, and enhance decision-making as we deliver systems that give customers the design-freedom and confidence to drive mobility innovation."

Oracle Cloud EPM will help Joyson Safety Systems improve decision-making across its organization by increasing the speed and accuracy of its financial closing and reporting processes. In addition, by moving finance processes to the cloud, Joyson Safety Systems will be able to accelerate financial reporting by reducing manual processes and streamlining the financial close.

"The rapid evolution of mobility solutions presents an exciting opportunity for a safety-focused supplier like Joyson Safety Systems to expand into new revenue streams, enhance financial performance, and expand its business," said Hari Sankar, group vice president, Product Management at Oracle. "With Oracle, Joyson Safety Systems can accelerate reporting, enhance business insights, and improve decision-making to drive efficiency as it defines safety for the future of mobility."

Oracle offers a comprehensive set of enterprise performance management capabilities to help organizations align financial and operational planning, close the books faster, and manage enterprise master data. With Oracle's self-updating platform and embedded AI, customers gain the industry's most advanced technologies every 90 days. This allows customers to build, innovate, automate, adapt, and leverage new business opportunities on-demand.