Friday Nov 15, 2024
Friday Nov 15, 2024
Tuesday, 31 May 2011 00:00 - - {{hitsCtrl.values.hits}}
Commercial Bank of Ceylon PLC, a premier bank in Sri Lanka has successfully implemented Oracle E-Business Suite Release 12.1.3 and Oracle Database 11g running on Oracle Linux to streamline its reporting processes, managing of assets while enhancing productivity and operational efficiency.
The bank opted to deploy Oracle applications in November 2010.
Prior to successfully deploying Oracle applications, a significant amount of work was being done manually which required a lot of effort and time.
The deployment of Oracle Applications has enabled the organization to consolidate, integrate and present to top management important business information. It has also enhanced the organization’s ability to manage cost and time by reducing the amount of manual work.
With the successful deployment Commercial Bank is now able to track enterprise-wide capital investments; monitor cash flows, and manage projects with crucial cost-revenue, budget and margin data.
The bank has also deployed Oracle Database 11g to lower its infrastructure costs and deliver a higher quality of service running on Oracle Linux, which delivers higher performance and better reliability at significantly lower cost than competitive solutions.
Oracle Financials will integrate data from various sources such as Treasury, Trade Finance, and Core Banking into a single financial repository enabling senior managers to obtain an online view of the company’s financial status.
In addition, Commercial Bank has deployed other modules of the Oracle E-Business Suite Release 12 1.3, including Oracle Inventory Management, and Oracle Purchasing to achieve better visibility and monitoring of reporting process and managing of assets across the organization.
“During our evaluation process, we engaged a global consulting firm to conduct a study of our business processes in order to choose the most suitable solution” said Rohan Muttiah, CIO of Commercial Bank of Ceylon PLC. “Oracle E-Business Suite Release 12 turned out to be the best match for us and we are working towards enhancement of productivity over the next few months with Service Level Agreement driven shared services functions.”
“Oracle E-Business Suite has provided us with visibility of our assets and financials,” said Nandika Buddhipala, CFO of Commercial Bank of Ceylon PLC. “We now have an integrated view, enabling us to easily track enterprise-wide capital investments; and monitor cash flow”.
“The Oracle E-Business Suite Release 12.1.3 running on Oracle Database 11g has provided Commercial Bank with an end-to-end view of its entire business to drive its performance with consistent and timely information,” said Akkasha Sultan Shaikh, Country Head – Application Business, Oracle South Asia Growth Economies - West. “We are pleased that Commercial Bank has chosen the Oracle E-Business Suite, which is the most comprehensive suite of integrated, global business applications that help organizations achieve optimum efficiencies as they grow”.
