A Bank will start operating, would like to implement ERP system and use it to conduct...

A Bank will start operating, would like to implement ERP system and use it to conduct it business. There are many ERP venders such as Oracle. Why it is recommended for the Banks.

Solutions

Expert Solution

Enterprise resource planning system are important for commercial banks and Oracle which is provided by Infosys is always providing them with an additional advantage of customisation and having a cloud computation of their storage facility so it is providing them with a better management of their service and it is lag free so it is always preferred by the commercial banks to maintain their software over Oracle

Oracle is also cost-cutting software which is always trying to operate within the constraints of the organisation and provide the maximum of the benefit and it is also a highly secured and encrypted system which is maintained on the cloud.

Oracle is highly important for commercial banks because these are offering them with customer services and online verifications and these are also providing them with lag free operations so service maintenance are quite easy while operating through Oracle by Infosys and hence I will be advocating for the use of Oracle in the commercial banking space.

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

A company would like to implement a management information system that integrates all functional areas within...

A company would like to implement a management information system that integrates all functional areas within an organization to allow information exchange and collaboration among all parties involved in business operations. Which of the following systems is most effective for this application? A. Microsoft Access B. Data Analytics C. An office automation system D. ERP

What are some of the challenges when trying to implement a new ERP system? What Tools/Concepts...

What are some of the challenges when trying to implement a new ERP system? What Tools/Concepts can be used to overcome these challenges? Please discuss risk vs. reward when taking on a new ERP implementation project (Example: Costs vs. Productivity Increases)? What king of an ERP system should a FinTech organization implement?

Stan's No Touch Car Wash is looking to implement a new ERP system. Lazlo Gali has...

Stan's No Touch Car Wash is looking to implement a new ERP system. Lazlo Gali has been charged with selecting one of 5 alternative approaches to the project. Complicating the analysis is the fact that each alternative will yield different results depending on which of the 4 economic scenarios occurs. Lazlo has studied each of the alternatives and scenarios and believes the table below accurately represents the potential outcomes. Each row represents a different approach to the project. Each column...

Case Study: First City Bank Implements an ERP System First City bank initiated an Enterprise Resource...

Case Study: First City Bank Implements an ERP System First City bank initiated an Enterprise Resource Planning (ERP) system implementation project to reduce overhead, increase efficiency, enhance the quality of operations, and increase customer satisfaction for its mortgage branch. The Systems Integrator (SI) Sigma Consulting, LLC, was brought onboard to analyze the existing business processes at the mortgage branch of the First City Bank and help the bank achieve its business objectives by implementing and configuring the ERP system to...

QUESTION 4 a) Malaysian United Bank has implemented an ERP system. One of the features of...

QUESTION 4 a) Malaysian United Bank has implemented an ERP system. One of the features of the ERP system is to allow a new customer who wants to open a new bank account to insert their MyKad to a card reader. The card reader will then extract the customer’s information from the MyKad microchip and automatically update this information to the computer database system. Assumed that Azman wishes to open a new savings account. At the customer service counter, Azman...

Grey-Sloan Memorial Hospital has decided to implement an ERP system. GSMH's implementation team has decided to...

Grey-Sloan Memorial Hospital has decided to implement an ERP system. GSMH's implementation team has decided to implement multiple ERP modules from the vendor but they decided not to implement the HR module that comes with the ERP system. They decided to stay with the HR application they are currently using. Additional information: The HR module GSMH is currently using is located in the upper right quadrant of the Gartner Quadrant. GSMH can state that they have a "________ ___ ________"...

1. Consider a bank that would like to offer loans in a vliiage. The bank has...

1. Consider a bank that would like to offer loans in a vliiage. The bank has access to money at a national interest rate of r= 5% Assume the fraction of credit-worthy people in the village is p, and the fraction of noncredit worthy people is (1-p0 The bank cannot distinguish between these two types. Suppose each member of the village would like a loan of $1. a) What interest rate, i must the bank charge to break even (leave...

Summarize how you would implement the ADDIE model in a training department. Be specific. Start with...

Summarize how you would implement the ADDIE model in a training department. Be specific. Start with a description of the company and why there is a training initiative. Then apply each step of the ADDIE process. Include the advantages and disadvantages of using the ADDIE process for this specific training application.

Summarize how you would implement the ADDIE model in a training department. Be specific. Start with...

Imagine you are an entrepreneur with a new idea and would like to start a business...

Imagine you are an entrepreneur with a new idea and would like to start a business with your idea, but lack capital. Go to the U.S. Small Business Administration’s Website, located at http://www.sba.gov/content/sbic-program, and read about the Small Business Investment Companies (SBIC) Program. Also, explore the Website for information regarding sources available for providing venture capital. Provide an overview (two to three paragraphs) of your start-up company. In the overview of your company, describe its products, historical financial performance, major...

Subjects