Hearst Selects Oracle Cloud to Fuel Transformation and Business Growth of Its More Than 360 Businesses

REDWOOD SHORES, Calif., March 15, 2017 /PRNewswire/ -- Oracle today announced that Hearst, one of America's largest diversified media, information, and services companies with more than 360 businesses, has selected Oracle Cloud to provide its multitude of businesses with a common innovation platform to accelerate business growth and global expansion. With Oracle Cloud, Hearst will streamline, simplify, and standardize business processes across finance, procurement, and HR organizations and provide an intuitive, insightful, and engaging experience to its employees.

Part of a larger strategy to transform Hearst via cloud applications includes the company's digital transformation program, dubbed Project UniFi. It will take advantage of integrated Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Enterprise Performance Management (EPM) Cloud, and Oracle Human Capital Management (HCM) Cloud solutions to deliver a modern, unified technology platform for accurate and up-to-date insight to drive timely decision making and achieve agility.

"Our enterprise portfolio of businesses and investments needs a strong, common foundation to efficiently integrate Hearst's diverse properties and future acquisitions," said Bill Kager, vice president of finance, Hearst. "Oracle's Cloud solutions will provide approximately 20,000 Hearst employees with human capital management, finance, and planning capabilities that will allow them to better communicate and execute their jobs."

Beginning with the U.S., Canada, and the U.K., the digital transformation program will subsequently extend globally, allowing for seamless incorporation of acquisitions and future growth. Oracle ERP Cloud and Oracle EPM Cloud will allow Hearst to manage finances with a consolidated view into business operations via powerful visualizations and reporting analytics for insightful decision making and integrated planning and budgeting.

Oracle HCM will provide a global common model for HR processes reducing manual and duplicative efforts and ensuring tight HR process integration to drive complete and impactful reporting and analytics on Hearst's diverse employee base. New employees will enjoy a superior onboarding experience, while everyone will get access to a simple, scalable, and intuitive user experience with mobile and self-service capabilities.

"We are very pleased to have a trend setting company such as Hearst join our fast-growing community of Oracle cloud customers who are achieving transformative business outcomes with one of the industry's most complete, secure, and connected set of enterprise-grade cloud applications," said Steve Miranda, executive vice president of applications development. "Our innovative, best-of-breed ERP and HCM cloud solutions are uniquely positioned to spur agility and innovation while driving business value and supporting global growth."

Oracle delivers the industry's broadest suite of enterprise-grade cloud services, including Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Data as a Service (DaaS).

Additional Information

• To learn more about Oracle ERP Cloud, follow @oracleerpcloud on Twitter, and join the Facebook conversation at Oracle ERP Cloud
• To learn more about Oracle EPM Cloud, follow @OracleEPMCloud on Twitter, and join the Facebook conversation at Oracle EPM Cloud
• To learn more about Oracle HCM Cloud, follow @OracleHCM on Twitter or Facebook, or read the Modern HR in the Cloud blog

About Hearst
Hearst is one of the nation's largest diversified media, information and services companies with more than 360 businesses. Its major interests include ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; majority ownership of global ratings agency Fitch Group; Hearst Health, a group of medical information and services businesses; 30 television stations such as WCVB-TV in Boston and KCRA-TV in Sacramento, Calif., which reach a combined 19 percent of U.S. viewers; newspapers such as the Houston Chronicle, San Francisco Chronicle and Albany Times Union, nearly 300 magazines around the world including Cosmopolitan, ELLE, Harper's BAZAAR and Car and Driver; digital services businesses such as iCrossing and KUBRA; and investments in emerging digital and video companies such as BuzzFeed, Vice, Complex Networks and AwesomenessTV. Follow us on Twitter @HearstLive and @Hearst, and subscribe to Hearstlink.

About Oracle
Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

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SOURCE Oracle