Collaboration with Mid-Range aligns JD Edwards capabilities with RioCan’s IFRS requirements
PRLog (Press Release) – Jun 06, 2011 – Markham, ON — Mid-Range Computer Group Inc., leading provider of hardware, software and IT services to organizations throughout Canada, announced the completion of a year-long collaboration with Canada’s largest REIT, RioCan Management, Inc., supporting RioCan’s drive for IFRS compliance.
In March 2010, RioCan tapped Mid-Range – already at work on multi-currency and harmonized sales tax projects for the company – to provide consulting, project management and JDE programming services for the IFRS project. Mid-Range is an Oracle Platinum Partner and a long-time provider of Oracle JD Edwards-related services.
“IFRS compliance is such a large-scale project that having access to Mid-Range’s JDE programming and business analysis expertise, as well as their project management capabilities, was important. said Liese Coroy, RioCan’s Assistant Vice President, Information Technology. “Mid-Range also offered us flexibility, both in terms of providing us access to on-site and off-site consultants and in their ability to adapt to the project’s scope on multiple levels.”
The project fundamentally focused on aligning JDE’s financial reporting processes with the new requirements, a process highly dependent upon the partnership forged between Mid-Range consultants and the RioCan management staff responsible for the company’s business processes and financial management practices.
To that end, RioCan mobilized its IT, Finance and Senior Management teams to work with a cross-functional team of Mid-Range consultants throughout the project’s duration. “It’s about much more than our knowledge of JDE; it’s about providing expertise where needed to help RioCan achieve its objectives at every level,” said Dan Duffy, president of Mid-Range. “That whole process went smoothly due to the close cooperation between Mid-Range and RioCan, allowing us to meet our client’s accelerated timeline, stay within their budget and provide the level of expertise and professionalism both we and they expected.”
RioCan went live with IFRS in January, 2011, with the company’s upcoming Q1 financial report being its first released in compliance with the new requirements.