COLUMBIA, Md., Oct. 23, 2018 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it has successfully implemented and is now running its business on the Oracle ERP/HCM Cloud platform globally. This includes Financials, Planning & Budgeting and Human Capital Management (HCM) modules. This major business initiative was undertaken to provide the company with real-time business and financial information to manage its performance and enable operational efficiencies across the enterprise.
“I am extremely pleased to report this major accomplishment,” said Michael Dugan, Chief Financial Officer of GP Strategies Corporation. “We believe that the Oracle ERP/HCM Cloud platform will provide us with an enterprise class system with the scalability and sustainability to meet our growth objectives at the speed our clients and our business demand. This cloud-based business solution is expected to significantly improve our business and financial reporting, enabling real-time visibility into enterprise performance, increasing operational efficiency and addressing the need for standardized global processes.”
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, digital learning solutions, management consulting and engineering services. GP Strategies’ solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.
Forward Looking Statement
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
© 2018 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.
For further information: Scott N. Greenberg, Chief Executive Officer, 443-367-9640 ; Michael R. Dugan, Chief Financial Officer, 443-367-9627, Ann M. Blank, Investor Relations, 443-367-9925