ESCO Corporation has excelled in the global mining and construction industries. These industries experience periods of explosive growth as well as cyclical downturns. When global commodities and industrial growth began to drop a few years ago, ESCO Corporation started to reevaluate its operational spend to better fit global activity. "Our entire industry saw the impact of significant underinvestment by our customers and cost-cutting measures," says Jim Williamson, vice president of information technology for ESCO Corporation. As ESCO examined its IT budget, Williamson says, the largest line item — aside from personnel — was the company's Oracle licensing, support and maintenance fees.
Rimini Street Solution
By switching to Rimini Street support for its Oracle EBS software and database system, ESCO Corporation immediately saved 50 percent of its annual support and maintenance fees, and vastly improved service levels for customizations. In addition, Rimini Street provides ESCO Corporation with the most comprehensive scope of tax, legal and regulatory research from a single vendor. "I have noticed that we are getting more relevant, consistent tax and regulatory updates from Rimini Street before Oracle even releases theirs, so we have been very pleased with that," Williamson notes.
- Reduced support and maintenance spend: ESCO Corporation is saving 50 percent of its previous annual Oracle support and maintenance costs.
- Improved support services: Rimini Street's support services result in fast and efficient issue resolution and customization support, allowing ESCO to refocus key staff on strategic projects.
- Gained strategic flexibility: ESCO Corporation is confident it can continue to run its existing Oracle applications and database for several years, giving it time to carefully plan its application strategy for the future while freeing up funds for strategic growth.