Paratus AMC is now live with Oracle Cloud ERP

Version 1 is delighted to announce that Paratus AMC (Foundation Home Loans) is now live with Oracle Cloud ERP.

Working closely with the Paratus team, Version 1 migrated Paratus’ existing on-premises ERP solution to a modern Oracle SaaS Cloud platform, with a key focus on releasing business efficiencies. The initial implementation and go-live are followed by Version 1’s ASPIRE Managed Services, which enables continuous innovation based on Oracle quarterly product releases.

Gregory Alexander, Head of Sales, Oracle Cloud ERP at Version 1, said:

We are delighted to have delivered a successful migration from Oracle E-Business Suite to Oracle Cloud ERP for Paratus AMC. As a leading supplier of Oracle SaaS expertise in the UK and Ireland, Version 1 is excited to work with Paratus AMC to leverage the latest in Oracle innovation and look forward to further developing this partnership to help Paratus maximise their investment in Oracle

About Paratus AMC (Foundation Home Loans)

Paratus AMC Ltd (trading as Foundation Home Loans) is a UK mortgage lender and servicer, authorised and regulated by the UK Financial Conduct Authority. Paratus AMC Ltd has a long-standing history of origination and servicing of mortgage loans, which spans over 20 years. It has circa £4bn of mortgage assets under management. The Paratus AMC operations were affirmed by Fitch as Primary and Special Servicer Rating of RDP2+ and RSS2+, respectively in 2020.

About Version 1

Version 1 is the Partner of choice for customers across the UK and Ireland. We are recognised by our customers and Oracle for our leadership and ability to drive customer success through Oracle solutions and technology. We have a track record and depth of experience in Oracle which extends back to Version 1’s inception in 1996 and offer end-to-end Oracle ASPIRE Managed Services to help our customer maximize their Oracle investments.