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Home / Technology

Banking on Oracle

14 Jan, 2002 07:51 AM2 mins to read

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National Bank has become the first company in New Zealand to implement the localised version of Oracle Payroll as part of its roll-out of the Oracle E-Business Suite of applications.

National Bank project director Mike Sheridan said the bank went live on the system just before Christmas, replacing a decade-old green-screen
financials system called Millennium.

"We were looking for an integrated solution because our needs had outgrown the system - users were maintaining their own data all over the place on separate Access databases or Excel spreadsheets," he said.

As well as consolidating data, the bank wanted to automate routine administrative tasks and provide business intelligence reporting to its more than 4500 employees across 160 sites.

The roll-out involved up to 100 people, including 16 from Oracle, 40 bank staff working fulltime and a similar number part time.

Mr Sheridan would not say how much the bank paid for the system, but Oracle said it was one of the largest implementations of Oracle e-business applications in the country, involving Oracle Financials, Projects, Human Resources, i-Procurement and Business Intelligence modules.

The application sits on the Oracle 8i database.

"The cultural changes are still to come. As they get used to the system people's eyes are opened up, especially senior managers," Mr Sheridan said.

"The biggest potential is in HR, the way we manage our people. A lot of it is simple things like being able to apply online for internal jobs and having your CV already in the system, applying online for training, scheduling holidays, simple things which can become difficult in large organisations."

Winning National Bank, whose owner, Lloyds, is a major SAP customer, was a significant coup for Oracle.

Oracle

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