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Oracle and bank project fail report

Oracle and bank project fail report, Success or failure of ERP project implementation

Oracle to "hide" the bank whether the project fail?
Perhaps all the above should be saying at a press conference the process of investigation, the reporter had tried to interview through a variety of channels, some banks charge of information technology, however, and one heard on this issue, and most people declined to be interviewed Some "project is being implemented, the inconvenience of external stresses," to be rejected, and some that it could talk, but the real talk about these issues, but dodge the.

"Indian Bank project can not be said to fail." Industry an understanding of the project, Mr A, told reporters recently. This reporter has learned the project for implementation by Infotech, mainly to do the new accounting standards and financial management by the implementation of part of its business. Project started in April 2008 and was formerly disclosed the plan is completed by the end. But by December 1, 2008, High Hill & Knowlton informed the Bank of Science and Technology the project can not be completed on time, be postponed until June 2009, and requested the banking system of science and technology departments of the provisional will be made subject to change. Until November 2009, the project was on-line financial systems, banks related to the responsible departments and decided to continue to use the Oracle of funds transfer pricing system, but the business unit that the system is not feasible.

Why are business units that work? "On the one hand, Oracle's management accounting products can not be for the domestic financial environment for the practical application of the product interface in English and English technical terms, ease of use is poor; the other hand, the basis of financial items more than one year construction time, but also reflects the Oracle agent's professional standards and implementation capacity still fail to be able to help banks to manage the accounting requirements of the building”.

"Province Rural Credit Union is mainly selected Oracle financial accounting software, the project implementation time after three years, a few easy to implement business. While the Oracle financial system recently with a letter of a new generation of farmers in Shandong core system on-line, but only on the line the basis for some of the financial accounting, management accounting part of the cost-sharing is not on-line. Now is not it say application effect. "Person in charge of a consulting firm, Mr. B told reporters.

Journalists in the survey have also heard about the Oracle general ledger system, the Bank of India to implement some of the remarks: "The project invested tens of millions or even billion, has yet to implement on-line, is said to have declared the project fails within the bank." But the call had participated in a recent press over the construction of the project with Mr. Z, he told reporters: "This project recently has been on the line, more than inconvenience to the specific situation said."

"At present, the management accounting FTP HSBC Bank project has been on-line operation, is doing related to upgrading. The project does not have any problems, but in practical applications, funds transfer pricing system to calculate out the value of only 20% of the assessment indicators, 80%, or the application of traditional methods of assessment. This is because the calculation of the indicators and the traditional FTP method a large gap between the indicators. Current FTP system, HSBC banks have no objection to, or recognized. "Familiar with the project told reporters that Mr. Nelson.

Journalists in the survey also found that CDB's financial accounting, management accounting project is implemented by Digital Agent Oracle products, has been implemented more than three years, still no results; City Bank, a letter from the Yu-Yi Cheng's agent to implement Oracle's products, the implementation of the past two years, so far there is no news; American Bank, on the Oracle system-wide, part of the implementation of management accounting could not continue after the switch to SAP's products to implement, but also could not continue the implementation of the current SAP, implementation of the team have all been withdrawn, abandoned projects; Dena Bank, according to internal staff feedback, and Oracle's financial systems use complex, often accounting function efficiency low; Rural Credit Cooperative, the project input-billion users, complain .

And even served as a benchmark users about Oracle's Corporation Bank, the reporter learned that the situation does not seem to be as successful as propaganda Oracle: "Oracle in June 2006 and co-operation of the financial information of the project, from BOCO as implementation of the Party after the company subcontracted to the Singapore Symphony line of set up a project team, allied with the implementation of the project on-line, the time for two years. Product design, large-scale enterprises in accordance with the transportation flow model, there is no banking special editions to the applicability of poor the customer can take the whole train of thought according to manufacturers. "A better understanding of the project with Mr. L-pairs of reporters. Journalists in the survey also learned that some of the other Oracle clients, such as Group4 Securities, the original use of Oracle Systems, the project cost of up to 2,000 million rupees, the use of three years after they switch to the UF ERP systems because of Oracle's system can not meet business changes in demand, as well as higher service charges too much for some of Steller.

In addition, reporters are IT168's IT PUB community to see a "Who can talk about Oracle's implementation of the failures?" Posts that many reply which referred to multiple appliances in Banglore, CNOOC, MRF Tire, Jyoti Pharmaceutical Group and other projects. According to a press know, some of these users have to switch to another vendor's system, and some a few years ago has been exposed by the media and made the second implementation, such as Harbin Pharmaceutical Group.

For Oracle, these banks and other customers of the success or failure of ERP project implementation, the reporter in the survey have not been clear conclusion, but with the gradual deepening of the investigation and through a number of industry experts, veteran interviews, consulting, These projects result in delayed or even postponed indefinitely the implementation and the implementation of on-line after the application there are certain problems, benefits and other obvious reasons for the situation, but fall into place.

 
 
 



 
 
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