Aircel implements Oracle applications to supprt growth plans

Aircel implements Oracle applications to supprt growth plans. Indian GSM mobile operator Aircel has implemented multiple Oracle applications to support its growth plans.

The Oracle applications, including components of Oracle Communications Service Fulfillment Suite, Siebel CRM, Oracle Fusion Middleware, Oracle Database and Oracle Real Application Clusters, will help Aircel to launch its operations in new markets and provide a platform to offer new services, build better brands and lower operational costs, said Oracle.

Wipro Limited, a member of the Oracle PartnerNetwork and partner for Aircel's IT transformation and maintenance for nine years, completed the implementation for Aircel in less than five months, added Oracle.

Aircel has deployed components of Oracle Communications Service Fulfillment Suite including Oracle Communications Service Activation, an automated platform for activation of complex services in a streamlined manner across multiple technology domains for both wireline and wireless service providers.

Aircel has also implemented Oracle Identity Management, a component of Oracle Fusion Middleware that allows Aircel to manage the lifecycle of user identities across its various departments.

Aircel expects the scalable Oracle Identity Management solution to provide a high return on investment with improved security. In addition, the company expects Oracle Identity Management to help it realize significant cost savings by automating provisioning of user accounts, dramatically reducing help desk calls, streamlining compliance audit and reporting, consolidating identity silos and allowing rapid integration with enterprise applications.

Raghav Sahgal, vice president of Oracle Communications, said: "Aircel's selection of Oracle validates our leadership and our commitment to the communications industry in India. By leveraging Oracle solutions, Aircel will be able to deliver next-generation services and content. At the same time, Aircel will be able to increase customer satisfaction and loyalty, reduce operating costs, and improve management reporting and control to capitalize on the fast-growing Indian mobile market."

Source: www.datamonitor.com

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Oracle Financial launches two new applications

Oracle Financial Services Software has launched the Reveleus ICAAP Analytics and Reveleus ICAAP Assessments solutions to help financial institutions comply with the ICAAP requirements under Pillar 2 of the Basel II accord.

Addressing all important components of the Internal Capital Adequacy Assessment Process (ICAAP) including risk assessment, risk monitoring, modeling, stress testing, risk aggregation and allocation as well as regulatory reporting, the solutions are an integral addition to the Enterprise Risk Management offering which includes Oracle Reveleus - Basel II, Market Risk, Operational Risk Economic Capital, Economic Capital Advanced and Asset Liability Management.

To help ensure that financial institutions possess adequate capital to meet current and future regulatory and economic capital requirements, Oracle Reveleus ICAAP provides capital planning capabilities to analyze baseline and stressed scenarios.

With Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments, institutions can reportedly estimate risk measures such as value-at-risk, conditional value-at-risk and unexpected loss across risk categories and then allocate these risk measures back across various lines of business.
S Ramakrishnan, CEO of Reveleus and Mantas products at Oracle Financial Services Software, said: "Oracle Reveleus ICAAP furthers our industry-leading enterprise risk management offering for financial services and provides institutions with a holistic, enterprise-wide view of risk and capital management while simultaneously helping to achieve mandated regulatory compliance."

Source: http://enterpriseapplications.cbronline.com

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Ex-Oracle director moves to consultancy’s board

A FORMER senior director of the Oracle Corporation is to strengthen the board of leading procurement consultancy Source42.

Charles Courquin joins Source42 as non-executive director, a major boost for the business whose directors also include former Cardiff International Airport managing director Jon Horne and entrepreneur Sir Roger Jones OBE, who is a former chairman of the Welsh Development Agency.

Steve Watts, chief executive of Cwmbran-based Source42, said: “We are extremely pleased that Charles has joined our board of directors. We are structuring the company for serious growth, bringing in the high-calibre management and business skills to support that aim.”

Mr Watts added; “Charles was instrumental in founding our strategic partnership with Oracle and will play a major role in maximising that global relationship. He is a key figure in our plans.”

Mr Courquin gained an honours degree at the University of Oxford in biochemistry as well as being president of the rowing club at St Catherine’s College before joining the Price Waterhouse IT consulting practice.

After a number of years at PwC he moved to Oracle Corporation, where he held a number of key roles, including senior director for general business.

He said: “I believe that every business can benefit from the services provided by Source42 – the impact the organisation can make on the bottom line is one of the best-kept secrets in the Industry.

“Our opportunities are not confined to the UK or Europe; we have the ability to build a brand synonymous with efficiency and value.”

The company has recently announced the creation of more than 30 high-quality consulting jobs.

It has established its procurement services in the corporate market with clients including bmi, Arriva and HBoS, while also achieving benefits for smaller leading firms like Harding Evans of Newport.

Sir Roger said: “Source42 has the capability to deliver double digit percentage savings to the bottom line, making its propositions to reduce supply chain costs extremely compelling in the current downturn. Source42 has excellent potential as a business, its services are very much in demand in both public and private sectors. Charles is a major asset in achieving our global objectives.”

Author: Sion Barry @ www.walesonline.co.uk

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