UBL Goes live with Oracle Applications to Modernize its Banking Operations
7 years ago
United Bank Limited (UBL) has successfully completed the implementation of Oracle Applications, which includes Oracle E-Business Suite Human Resource Management System, Oracle Payroll and Oracle General Ledger, in a record time of 9 months.
Oracle Certified Advantage Partner IBM Global Business Services completed the implementation that provides automated HR management , payroll and financial processing capabilities. All of this will enable UBL to increase business efficiency and operating performance through an enhancement and streamlining of their business processes. For example, The deployment of Oracle Applications has helped the bank save over 10,000 man-hours by reducing paper work and the level of human intervention that is otherwise required to create and post accounting entries.
In addition, via the implementation of the Oracle Fixed Asset Management system, the bank can easily view consolidated information of its total assets and maintain centralized records from disparate systems operating across 66 regions. The solution is being utilized by 1040 branches and maintains approximately 250,000 asset records.
“Oracle Applications have helped us improve the efficiency of our existing processes, and enabled us to improve our service levels to the business in order for them to meet their organizational objectives,.” said Mr. Kumail Dehradunwala, Chief Information Office, United Bank Limited.
“We are happy to have had the opportunity to support United Bank Limited’s objective to save costs,” said Samina Rizwan, Oracle’s Regional Director for South Asia Growth Economies-West. “Oracle has been successfully serving financial institutions for over three decades and we are glad that our solutions are helping local banks build their businesses in Pakistan by enhancing business efficiencies while reducing costs.”
“GBS is the leading implementation consultant for Enterprise Applications in the financial sector. The success at UBL is attributed to IBM’s delivery excellence, dedication to our clients success and developing synergies between our consultants and the UBL team,“ Armughan Rafiq, IBM GBS Manager South.