Stock Report

Durham University, UK partners with Evosys, a Mastek Company, for its Cloud Transformation Journey

Posted On : 2022-08-16 13:58:54( TIMEZONE : IST )

Durham University, UK partners with Evosys, a Mastek Company, for its Cloud Transformation Journey

Durham University, UK, one of the global top 100 universities, has chosen Evosys, a Mastek Company and a leading Oracle Cloud Partner, for its Oracle E-Business Suite (EBS) to Oracle Cloud Migration Journey.

With this deal, Evosys, a Mastek company will be delivering Oracle ERP and SCM solutions (Cloud Financials, SCM, EPM, and Integration), to help Durham University introduce an agile system that allows better management of cost centres, general ledger & analysis codes, automatic posting rules, a better control system, improved reporting, and development of their people in analytical and digital skills. This will give the University the capabilities to streamline and digitise its user experience enhancing its overall efficiency and enabling improved budget planning and forecasting capabilities.

As part of the renowned Russell Group, the University's facilities are spread across 17 colleges and 4 faculties. Their existing system is a traditional Oracle 11i and a third-party eProcurement solution. 11i was unsupported and required extensive manual intervention for transactional processing and reporting. Thus, catering to around 20,000 students, 1830 academic staff and 2640 admin staff was a gigantic challenge.

"Evosys, a Mastek company, was selected as the preferred implementation partner by the University. Their tender response was outcome driven. Focused solutions were provided by their team whilst balancing risk and possible mitigations. They were clear on the resource commitments from the University, provided a concise Statement of Work, and demonstrated a thorough understanding of the balance between business benefits and potential scope creep. Evosys, a Mastek company, has a proven track record of implementation and are building credibility within the HE sector." - Modaser Choudhary, Finance Director at Durham University.

The reasons that led Durham University to choose Evosys, a Mastek company, include its experience across 86+ public organisations; a collaborative approach; their Center of Excellence team and accelerators that specialise in higher education. The Glide program further eases the Oracle Cloud migration. Post-implementation, the solution would empower the University to free up resources and dedicate them back to its core purpose of serving students.

Shares of Mastek Limited was last trading in BSE at Rs. 1995.80 as compared to the previous close of Rs. 2006.25. The total number of shares traded during the day was 11308 in over 1855 trades.

The stock hit an intraday high of Rs. 2029.75 and intraday low of 1983.95. The net turnover during the day was Rs. 22717052.00.

Source : Equity Bulls


Mastek INE759A01021 DurhamUniversityUK Evosys OracleCloudPartner CloudMigration EBusinessSuite