Eaton Steel accelerates business processes with Oracle

Eaton Steel, a distributor and processor of engineered steel bars, has announced that it relying on the Oracle E-Business Suite, Oracle Database and Oracle SOA Suite, a component of Oracle Fusion Middleware, to gain insight into its supply chain network and financial results, simplify transactions with its network of partners and help reduce costs by automating key business processes.

Using Oracle Financials, Eaton Steel gained a unified view of its financial performance and transactions across all six of its subsidiaries. As a result, the company has better insight into organizational performance and can consistently refine processes to improve results.

With Oracle Discrete Manufacturing, Eaton Steel is able to manage its entire steel production process, from heat-treating and sizing the material to work-in-process to cost and quality management. Additionally, the company relies on Oracle to automatically transfer engineering specifications into production items, bills of material, and routing.

Building on its successful implementation of the Oracle E-Business Suite, Eaton Steel used Oracle SOA Suite to develop a service-oriented architecture (SOA) that simplifies EDI transactions with the company's wide range of business partners and helps automate the business processes around those transactions.
Using Oracle SOA Suite, Eaton Steel will develop a series of Web Services based on easily reusable code that allows its subsidiaries and partners to call up a simple Web-based interface and quickly enter the relevant information, which will then be automatically routed into the Oracle E-Business Suite. This will enable Eaton Steel to automate business processes in multiple areas, such as purchase orders, invoices, and inventory management.

Source: www.cbronline.com

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i-flex Solutions Becomes Oracle Financial Services Software

(RTTNews) - Wednesday, i-flex Solutions said that the company approved to change the name of the company to 'Oracle Financial Services Software'. The company said that the EGM would be convened on August 11, 2008 to seek members' approval for the same.

Source: www.nasdaq.com

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Askari Bank to use Oracle software to modernize its operations

Askari Bank of Pakistan has selected Oracle software to modernise its banking operations, provide world-class service to its customers and compete better with local and international banks operating in Pakistan. Askari Bank has selected Oracle Applications for the banking industry including Oracle’s FLEXCUBE Universal Banking Solution, Reveleus Basel II Solution, FLEXCUBE Islamic Banking and Siebel Customer Relationship Management (CRM). Techlogix, an Oracle Partner, will implement the software over a period of 18 months.

Oracle Applications will help Askari Bank become compliant with Pakistan State Bank regulations and with important international risk management standards such as those specified in Basel II guidelines. Oracle’s Siebel CRM software will help Askari Bank manage end-to-end relationships with its customers.

“With increasing competition in the Pakistani banking industry, we have to make our operations more efficient and compliant with the global banking industry best practices”, said President of Askari Bank Ltd., M. R. Mehkari.

“We believe our choice of the best banking industry software from Oracle and Techlogix, the local implementation experts, will help us roll out this complex IT project and will eventually streamline our operations and help us stay profitable.”

“Banking is a strategic industry for Oracle with 17 of the top 20 banks globally already running Oracle Applications”, said Oracle’s Regional Director for SAGE-West, Samina Rizwan. “Oracle has been delivering demonstrable value to its customers in banking industry for decades.

Our software will serve the unique needs of Askari Bank such as performance analysis, activity based management, financial data management, risk management, budgeting and planning to help them in effective resource management”.

“We look forward to partnership with Askari Bank to realize its strategic vision as it migrates towards a best in class application and technology platform”, said Salman Akhtar, Co-CEO of Techlogix. “We believe the solution rollout at Askari Bank will set the benchmark for the banking industry in Pakistan “.

Source: www.app.com.pk

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