LONDON, UK, October 03, 2009
/24-7PressRelease/ -- Dubai Bank has automated its transaction process by implementing Expense Process automation (P2P). The premier Shari'a-compliant bank in the United Arab Emirates (UAE) completed work to introduce transparency to the finance system and meet its commitments to eco-friendly banking.
The newly live Expense Process will support Dubai Bank's plan for an integrated, enterprise-wide view of Financials, HRMS and reporting. The implementation of expense process achieved by global IT solutions specialist - Inatech - allows transparency at a granular level to authorised sources, and reduces the use of paper transactions. This increases efficiency within the entire expense process system.
The payment process is fully integrated with existing systems to ensure transactions are sent through Oracle E-Business Suite as well as the core banking system.
"We are now much closer to achieving an efficient and secure system that will provide transparency for all transactions of the bank," said Faizal Eledath, CIO of Dubai Bank. "All our systems will be fully integrated, speeding up processes and removing human errors. Not only will our business partners see an enhancement in our service but banking customers will experience a higher level of service."
Inatech recently completed Dubai Bank's first phase by migrating the Oracle Human Resource Management System (HRMS) from Windows operating system to a Linux platform and simultaneously upgrading from Oracle E-Business Suite Release 11i to the latest Oracle E-Business Suite Release 12.
The next and final stage of the project is to complete the integration between Oracle e-Business Suite and the bank's Business Intelligence Stream (BIS). BIS is the repository for all the core banking activities and information on the account balances. It will be interfaced to Oracle GL.
Inatech is helping Dubai Bank achieve secure and efficient banking processes that will optimise existing systems and provide an enhanced platform for significant growth.
About Inatech
Inatech is an IT solutions company with strategic locations worldwide, and 1,000 qualified consultants working across all industries. With its EMEA headquarters in London, UK, and offices in 16 cities in 8 countries, Inatech is able to take advantage of onshore and offshore resources. Founded in 2002, Inatech manages solutions development, systems management, and outsourcing. In 2007, Inatech merged with Calsoft Enterprise Solutions, to strengthen its Microsoft solutions portfolio. An Oracle Certified Advantage Partner, Inatech works with enterprises that are re-engineering their processes and are adapting to rapid change. Being part of Calsoft Group, supported by technical innovators Calsoft Labs, Calsoft Enterprise Group balances track record with invention. Its development practices are certified at CMMi Level 5. Calsoft Enterprise Group is relied upon to sort out business problems, troubleshoot legacy and first-to-market technology, and to manage risk in emergencies and for the long term. Inatech is an ethical business, with a shared belief that what is right for the environment and the workforce is right for the bottom line.
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