IDBI Bank goes live with Oracle
| Posted on - Friday, January 21, 2011 By VARIndia Correspondent | |
 IDBI Bank has implemented Oracle Financial Services Asset Liability Management and Oracle Hyperion Planning to automate budgeting and planning processes. Following the restructuring of IDBI Bank into several customer-focussed business units, IDBI Bank needed a solution that would help managers monitor earnings from each of its products, lines of business and branches to determine better resource allocation. IDBI Bank contracted Oracle to implement Oracle Financial Services Asset Liability Management and Oracle Hyperion Planning to upgrade interest rate and liquidity risks assessment system and automate the budgeting and planning process in May 2009. Oracle Financial Services Asset Liability Management has enabled IDBI Bank to assess its liquidity and interest rate risks on a day-to-day basis, thus helping to manage risks and maintain growth. Bank managers and analysts can now measure the impact of interest or foreign exchange rate changes on its net interest income and economic value. "We had previous experience of working with Oracle Consulting and their demonstrated knowledge and skills convinced us that we should engage them again for this project," said R. K. Bansal, Executive Director, IDBI Bank. To automate its budgeting and forecasting processes, IDBI Bank deployed Oracle Hyperion Planning to create budgets and rolling forecasts that are linked to its balance sheet and profit and loss models. Bank managers use Oracle Hyperion Planning to set sales targets and analyze profitability across each branch, vertical market and product; and complete branch performance assessments. For More Details See www.varindia.com | |