So where does Oracle come in? "Oracle runs a single configuration infrastructure, which is inevitably easier to maintain, run, innovate, be resilient, patch and all those kind of things," says Trager. "So for us, that was working with a vendor like that and helping people understand that it is secure."
Oracle vs SAP
When it came to picking a cloud ERP vendor, Trager told Computerworld UK that the bank identified various dimensions such as functionality, security, scalability and maturity when deciding.
"Oracle were very much going vanilla, configuration only, public cloud and that's where we believe the future is. SAP were still focused on an on-premise/private cloud, highly customised type of approach, underpinned by some very strong technologies. We as an organisation were much more in the Oracle school of thought."
Trager says that Lloyds was tired of bespoke software, preferring a standard configuration where it is being "upgraded every three months. We loved that idea because if you're part of a traditional organisation, it's a really big challenge to upgrade for functionality. We upgrade for risk managements and to ensure support and resiliency of our architecture," he said.
Since adopting Oracle's ERP, Lloyds is now pushing forward with Oracle's software-as-a-service (SaaS) solution for finance.
"We're really keen to leverage SaaS everywhere we can. So for instance every time I've got an application coming up for review, particularly one that's at the end of life, or a really great upgrade opportunity, I'm exploring SaaS," Trager said.
"The group and finance really believe that is the foundation for our innovation in the future and how we can be the most competitive and deliver great value for our customers."
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