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.
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.
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