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Wendy’s Unifies Finance and HR on Oracle Fusion Cloud Applications and Oracle Cloud Infrastructure

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2 years ago

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Wendy’s Unifies Finance and HR on Oracle Fusion Cloud Applications and Oracle Cloud Infrastructure

The popular restaurant chain adopts Oracle Cloud to eliminate manual business processes and enhance the customer experience

AUSTIN, Texas, Aug. 2, 2023 /PRNewswire/ — Wendy’s, the second-largest quick-service hamburger chain in the U.S., has implemented Oracle Fusion Cloud Applications Suite and moved business-critical workloads to Oracle Cloud Infrastructure (OCI) to increase productivity, expand business insights, and improve the experience it delivers to its growing customer base.

The company’s vision is to become the world’s most thriving and beloved restaurant brand. As its operations expanded globally, Wendy’s found that its business systems, which were heavily reliant on manual processes, were taking time away from the ability of its employees and restaurant managers to provide an exceptional customer experience. To help increase efficiency and enable employees to focus on delivering quality food and service, Wendy’s decided to move its Finance and HR processes to the cloud with Oracle Fusion Applications Suite.

“Our vision is to create fast, frictionless, and fun user experiences for our employees, franchisees, and front-line workers to help drive consistent, quick, and convenient customer experiences,” said Stephanie Shaw, vice president of enterprise technology, Wendy’s. “Aligning Finance and HR on Oracle Fusion Applications Suite has allowed us to simplify and automate business processes to help build a culture of innovation and inclusivity and enable employees to spend less time on administrative tasks and more time thinking about and engaging with our customers.”

With Oracle Fusion Cloud Enterprise Resource Planning (ERP), Wendy’s has been able to consolidate 11 different financial applications on a single cloud ERP suite with embedded analytics to help increase productivity and improve controls. This will enable Wendy’s to expand insights into its business, enhance planning, and increase the speed and accuracy of its financial reporting. In addition, in concert with Oracle, Wendy’s developed a new billing management system to automate unique franchisee requirements around billing and payments. Wendy’s used Oracle Applications Platform leveraging OCI’s Visual Builder and Integration Cloud Service to ensure seamless connectivity with the rest of the Oracle Fusion Applications Suite. The custom application leverages Oracle Exadata Database Service and Oracle Autonomous Database running on Oracle Exadata delivering the right scale, performance, and availability.  

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Building on the success of its Oracle Cloud ERP implementation, Wendy’s is currently moving its global HR system to Oracle Fusion Cloud Human Capital Management (HCM). With Oracle Cloud HCM, Wendy’s will be able to standardize onboarding processes, enhance HR self-service capabilities, provide real-time visibility into goals and performance metrics, and give employees more control over their career development.

“The quick-service restaurant industry is fiercely competitive, and employees and managers play a key role in elevating brands through fast and friendly customer service,” said Steve Miranda, executive vice president of applications development, Oracle. “With Oracle Fusion Applications Suite, Wendy’s can automate processes and make faster, better-informed decisions to deliver exceptional customer experiences. Moving forward, Wendy’s has the technology foundation to embrace new services as it pursues its company vision.”

Oracle Fusion Applications Suite enables organizations to take advantage of the cloud to break down organizational silos, standardize processes, and manage finance, HR, supply chain, and customer experience data on a single integrated cloud platform. With quarterly update cycles, customers gain access to continuous innovation as new features are added every 90 days, without downtime or business disruption.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

About Wendy’s
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality Is Our Recipe®”, which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef*, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find a loving, forever home for every child in the North American foster care system. Today, Wendy’s and its franchisees employ hundreds of thousands of people across approximately 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand. For details on franchising, connect with us at www.wendys.com/franchising. Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on Twitter and Instagram using @wendys, and on Facebook at www.facebook.com/wendys.

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*Fresh beef available in the contiguous U.S., Alaska and Canada.

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Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

SOURCE Oracle

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Finance

Here's what will boost your feeling of financial well-being the most, researchers say

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13 hours ago

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May 31, 2025

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Here's what will boost your feeling of financial well-being the most, researchers say
article

FILE – A coin being inserted into a piggy bank. Getty Images

Some money experts have insight on what helps the average American feel better about their financial situation – and it has little to do with a high income or assets. 

Emergency savings amount

Conclusion:

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The investment adviser group Vanguard surveyed thousands of its clients about their financial situation, and found the strongest predictor of financial well-being and lower financial stress was having at least $2,000 in emergency savings. 

By the numbers:

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Those who have at least $2,000 in emergency savings were associated with having a 21% higher level of financial well-being, versus those who didn’t have any emergency savings. 

Those who have an additional three to six months of expenses saved up saw an additional 13% boost in financial well-being. 

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Additionally, those with an income of $500,000 or more saw a 12% boost in financial well-being. 

And those with over $1 million in assets had an 18% boost. 

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RELATED: These cities have the highest percentage of ‘rich renters’ as housing prices rise

Financial well-being

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More perspective:

Financial well-being is a state wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future, and is able to make choices that allow them to enjoy life, according to the Consumer Financial Protection Bureau. 

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Vanguard asked how often people spent thinking about and dealing with their finances, and found that those who have an emergency savings fund spent 2.5 fewer hours per week on financial matters. 

On average, those without emergency savings spent more than 7 hours per week on financial matters. 

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RELATED: Child care cost the most in these states in 2024, analysis found

Big picture view:

Most financial experts, including Vanguard, recommend having about three to six months of expenses accessible in an emergency savings fund. 

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The Source: Information in this article was taken from a Vanguard report, which analyzed data after surveying more than 12,000 investors of varying age, income and asset ranges. This story was reported from Detroit. 

MoneyConsumerNewsU.S.

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Finance

A public route for investors into growing private finance

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1 day ago

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May 31, 2025

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A public route for investors into growing private finance

Unlock the Editor’s Digest for free

Start-ups and companies seeking scale-up funding no longer flock to the stock market as readily as they once did. Many bypass the high street banks too. The reason? They have other options thanks to the ready availability of different types of funding from private markets, at least for those businesses showing fast growth potential.

Private capital markets, which have grown significantly in recent years, offer services ranging from debt funding, seed and venture capital to minority stakes and full buyouts. 

Their efforts to rival public markets have been helped by bouts of volatility and illiquidity that have hit stock markets. The tougher life gets for listed companies, the more companies are tempted to go or stay private. Being on a public market comes with extra costs, the legal obligation to be fully transparent on all aspects of the business and the risk of a lifeless share price. Increasing numbers of listed companies are being taken private as their discounted shares make them easy prey. 

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Ironically, one way for investors to tap into the growth and profitability of private markets is through investing in companies that use public stock markets to raise capital for their private funding operations. Intermediate Capital provides a range of private funding, spanning debt, mezzanine finance and private equity. Petershill Partners, whose parent is Goldman Sachs, provides capital and expertise to private capital managers.

Investment trusts have invested in private markets for decades, and range from Pantheon International, which specialises in private equity assets, to Scottish Mortgage, which allocates a proportion of its portfolio to unquoted companies. Lucrative returns are not guaranteed and it has become an increasingly crowded market, which brings additional risks. Investors should take care to avoid overexposure and to research the available options properly.

Intermediate Capital (Hold)

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Finance

Fed’s preferred inflation gauge shows price increases cooled in April

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2 days ago

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May 30, 2025

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Fed’s preferred inflation gauge shows price increases cooled in April

The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases slowed in April as inflation remained above the Fed’s 2% target. The release comes as investors have been closely watching data releases for signs of how President Trump’s tariff policy is impacting the economy.

The “core” Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.5% on an annual basis, in line with expectations and lower than the 2.7% seen in March. Core prices rose 0.1% in April from the prior month, in line with expectations and the monthly increase seen in March.

On a yearly basis, PCE increased by 2.1%, below the 2.2% economists had expected.

The release is yet another sign that while economists and consumers alike expect Trump’s tariffs to push prices higher, the inflationary impact from policy largely isn’t showing up in hard economic data. Friday morning’s release reflects the month of April, the first month in which a large portion of Trump’s tariffs were in effect.

It does not include any impacts from the 90-day tariff pause between the US and China.

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“The increased tariffs have not yet worked their way into the consumer inflation readings, but we anticipate that the improved inflation trend will reverse in the second half of the year as companies are forced to begin passing along a portion of the increased tariffs in order to protect profit margins,” Nationwide chief economist Kathy Bostjancic wrote in a research note on Friday.

Read more: What Trump’s tariffs mean for the economy and your wallet

On Wednesday, minutes from the Federal Reserve’s May meeting revealed officials are growing increasingly concerned about how Trump’s policies could impact its fight against inflation.

“Almost all participants commented on the risk that inflation could prove to be more persistent than expected,” the minutes read.

Investors and consumers alike have been closely watching for any price increases due to President Trump’s tariffs. (RONALDO SCHEMIDT/AFP via Getty Images) · RONALDO SCHEMIDT via Getty Images

Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.

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