BEIJING, Jan. 2, 2019 /PRNewswire/ -- Secoo (NASDAQ:
SECO), Asia's largest luxury
e-commerce platform, announced a strategic partnership with Oracle
in China to launch a new office
automation system, improving Secoo's strategy development and
upgrading their technology.
Through this partnership, Oracle, the largest enterprise-level
software company in the world will
implement Oracle's cloud solutions for Secoo's ERP and HCM
management systems alongside
Accenture, one of the leading management consulting and information
technology providers in the world. Based on China's data protection privacy regulations
and combined with Accenture's management consulting service, the
new system will improve Secoo's technical capability, operating
efficiency and cross-border business management and ultimately
speed up their globalization
strategy.
Li Rixue, the Founder and CEO of Secoo Group stated
that, "Our luxury lifestyle platform serves as a
one-stop shop for our more than 20 million high-end consumers
around the world. This partnership
will enhance efficient accounting processes, integrated business
and financial systems, and provide
unrivaled productivity, which is critical for us—while Oracle
Cloud Platform, Oracle ERP Cloud, and Oracle SCM Cloud enable us to
deliver a better work environment to improve our global strategy
profile."
The new system enables Secoo's
employees to experience better ERP
and HCM management systems. Additionally, Oracle will continue to implement various kernel
cutting-edge technologies into Secoo's strategic development.
Oracle will also utilize AI data
analysis and intelligent operation to break through the data
barriers between departments and establish multi-dimensional
business management. Moreover, using blockchain technology, machine
learning, IOT and mobile applications, Secoo will increase their trustworthiness. The cooperation
among Secoo, Oracle and Accenture will empower Secoo's leading position in
the luxury e-commerce industry and
enhance Secoo's digital capabilities.
In the near future, the
international luxury consumption market will keep growing along with the increase of the young generation's consumption.
Individuals' demand will also transform from bags and watches to health, service, and experience. With the support of
Oracle, Secoo will further develop more lifestyle business under
the concept of their premium
lifestyle platform, optimize
business management processes and
enhance the shopping experience for
high-end consumers.
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SOURCE Secoo Group