
BLC Bank increases operations efficiency and control with Oracle E-Business Suite

About Customer
Headquarters
Beirut, Lebanon
Revenue
Around US$100 million
Employees
Around 650
Website
www.blcbank.com
For its Oracle EBS deployment, BLC Bank selected Oracle Partner, Widestreams because of its expertise and Oracle certified consultants, successful implementation experience, and high level of after-sales support. Widestreams acted as a product specialist and experienced business consultant, closely and efficiently supporting BLC Bank in its complex environment.
Customer Challenges
Consolidate financial reporting on key business processes across the bank’s headquarters and subsidiaries
Streamline and automate the procurement procedures and approvals across different type of purchasing flows (purchase requisitions , purchase orders , contracts etc.)
Integrate Payables with Procurement along with proper controls over prices discrepancies and received quantities
Establish proper system controls along the supply chain—including inventory, purchasing, and payables—so that manual intervention is not required to establish relationships between steps
Implement crucial reporting procedures, based on segregation of roles and duties, to improve financial controls and reconciliation procedures
Manage the assets physical inventory using an RFID solution connected to Oracle Assets
Our Solution Results
Enabled the Bank to automate and interface its procure to pay accounting flow between Oracle system and its Core Banking system (both online for certain events) and through batch process for the others
Increased operations efficiency and control among procurement and payables activities
Automated all assets related accounting events (addition, depreciation, reclassification, retirement, revaluation etc. ) with an embedded integration with procurement system
Enabled the internal bank branches to manage efficiently internal requests from stock along with needed traceability, full automation, automatic accounting generation, consumption trend analysis and delivery reports)
Imported Banking system accounting transactions to Oracle General Ledger in order to allow a consolidated view of all accounts balances in Oracle
Our Offer
- Oracle EBS Financials
- Oracle EBS Order Management
- Oracle EBS Inventory Management
- Oralcle EBS Purchasing