100%(1)100% au considerat acest document util (1 vot)
1K vizualizări17 pagini
MCB is Pakistan's fourth largest bank by assets having an asset base of US$6. Billion largest market capitalization of US$4. Billion. The Financial Control Department Makes sure that all financial transactions comply with state laws, rules, and regulations. The company bought a new information system, the "Oracle financial Suite"
MCB is Pakistan's fourth largest bank by assets having an asset base of US$6. Billion largest market capitalization of US$4. Billion. The Financial Control Department Makes sure that all financial transactions comply with state laws, rules, and regulations. The company bought a new information system, the "Oracle financial Suite"
Drepturi de autor:
Attribution Non-Commercial (BY-NC)
Formate disponibile
Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
MCB is Pakistan's fourth largest bank by assets having an asset base of US$6. Billion largest market capitalization of US$4. Billion. The Financial Control Department Makes sure that all financial transactions comply with state laws, rules, and regulations. The company bought a new information system, the "Oracle financial Suite"
Drepturi de autor:
Attribution Non-Commercial (BY-NC)
Formate disponibile
Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
MCB is Pakistan’s fourth largest bank by assets having an asset base of US$6.7 billion Largest market capitalization of US$4.1 billion. Customer base of approximately 4 million and a nationwide distribution network of 1,026 branches, including 8 Islamic banking branches, and over 300 ATMs, in a market with a population of 160 million. During the last fifteen years, the Bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network, the financial control department Makes sure that all financial transactions comply with state laws, rules, and regulations. Responsible for centrally processing and recording the transactions. Oracle GL as its information system. Oracle GL is a product of the Oracle E-Business Suite which the organization has acquired as its platform for managing its business transactions and maintaining records. Oracle General Ledger works seamlessly with other Oracle E-Business Suite products to drive better decision-making, sustainable financial discipline, regulatory compliance, and optimized these are what some elements of the oracle general ledger look like the previous system The Financial Control Department used an in- house developed system called “Financial Control System”. the Financial Control System could no longer meet the complex needs of the department. usual system break downs which resulted in increased cost time cost and monetary cost the new system A new system that would be reliable and would integrate smoothly with the organization. Company bought a new information system, the “Oracle Financial Suite” Oracle GL was perfectly suited for the Financial Control Departments requirements. This system allowed the company to cope with its changing requirements. This software gave the company several options that were not previously available in the previous system. This system also enables the organization to technical specifications
Hardware – HP Blade Server
Software – Oracle e-Business Suite R12 Operating System – Linux Environment Input – Financial data Output – financial statements like ledgers, balance sheet etc. Processing – Batch processing Storage – both Hot-sites and cold sites. users of the system
Oracle GL is a financial software system
designed for an organization’s financial needs Employees of MCB’s Financial Control Division are the end users of the system. All the employees in this department are properly trained to use this system. The system is highly customized to suit all the needs of the department and meet its requirements in an efficient and cost effective manner. benefits of oracle gl
Benefits to end users:
friendly interface No specialized training to operate this system. Benefits to department: generates accounting reports. Customize reports. For example if there are any changes in accounting laws or procedures that the bank may need to implement, the system easily facilitates that. features of the system This system has the capability to fulfill the requests of the end users by default. The Oracle GL provides high Data Integrity; by making sure that the data is saved, will be available for future use and will not have any errors. Data retrieval or data recovery is made easy by the system. It also reduces the occurrence of a system failure to almost ZERO. It has a Relational Database Management System. information provided by the system This system enables the department in making General Ledgers for the bank, completing its transactions, maintaining accounts and balances balance the accounts and generate Financial Statements The MCB generates the following financial statements with the help of this system: Balance Sheet; Profit and Loss account; Cash Flow statement and Statement of Changes in Equity. The system saves all the reports and financial statements into its database for future use and referencing. This information is not only useful for preparing reports for the bank but also in making audit reports, company backups
MCB has both cold sites and hot sites for
its financial system – the Oracle General Ledger. It has its hot sites in Pakistan only. The hot site is the main headquarter in Karachi at the I.I. Chundrighar Road. The cold sites are the various regional headquarters in the country. Backups are scheduled on a daily bases in the off-peak hours (late nights). problems with the system The employees are not facing any problems with the system They only thought the system can be further customized recommendations
To further customized with the specific
needs of the Financial Control Division, the company can upgrade a newer version of Oracle GL. System enhancements over time might also need to be carried out that could involve upgrading the server, storage and database systems. conclusion
MCB aims to keep its business in line with
the top banks and corporations of the country. Therefore, it has chosen Oracle E-Business Suite as the application. The Oracle E-Business Suite is a top of the line application software used by businesses around the world. Oracle is renowned for providing its customers with excellent software’s that provide fast, easy and efficient business