Waltham Forest Council selects Mastek's Evosys as Cloud Application Partner; stock climbs ~3%

27 Jun 2022 , 02:50 PM

Mastek Limited informed that Waltham Forest Council, based in East London, England has chosen Evosys’ Oracle Fusion Cloud Applications Suite to streamline operations.

The Council will be able to improve insights, reduce costs, and improve employee experience by utilising Oracle Fusion Applications for finance, procurement, and HR. Evosys, a Mastek company, will deliver the implementation as an Oracle Partner Network (OPN) member.

Waltham Forest Council’s ageing on-premises business systems had created time-consuming manual processes for employees as well as rigid reporting structures that impacted overall decision making. The Council chose Oracle Fusion Applications to replace its highly customised on-premises SAP ERP system in order to streamline and standardise data across critical departments and automate processes in order to increase efficiency, improve accuracy, and improve employee experience.

To deliver the solution, the Council has partnered with leading systems integrator Evosys, a Mastek company.

“Our main challenge was supporting a heavily customised and fragmented solution that had resulted in manual tasks, unresponsive online forms, and repetition for our employees,” commented Cllr Paul Douglas, Cabinet Member for Public Service at Waltham Forest Council.

He further added, “We want to invest in a solution that will evolve and adapt with our business, and we know Oracle Fusion Applications is the best fit for us based on recommendations from our peers.”

At around 2.39 PM, Mastek was trading at Rs2,105 up by Rs60.95 or 2.98% from its previous closing of Rs2,044.05 on the BSE. The scrip touched intraday high and low of Rs2,127.50 and Rs2,067.30 respectively.