Latest news with #OracleCloudERP
Fintech News ME
22-05-2025
- Business
- Fintech News ME
First Abu Dhabi Bank Pilots Embedded B2B Payments with Oracle and Mastercard
First Abu Dhabi Bank (FAB) has become the first in the MENA region to pilot an embedded finance and payments solution developed in partnership with Oracle and Mastercard. The collaboration aims to modernise business-to-business (B2B) finance and payments processes for FAB's corporate clients by integrating Mastercard's virtual card platform directly into Oracle Fusion Cloud Enterprise Resource Planning (ERP) software. The solution addresses long-standing challenges in commercial payments, such as fragmented systems, manual processes, and lack of data visibility, by offering a more streamlined and automated approach without the need for complex technology overhauls. Through this partnership, FAB's clients stand to benefit from improved payment automation within Oracle's ERP system, greater security via single-use virtual card numbers, and enhanced financial oversight through real-time insights into cash flow and expenditure. The solution also seeks to improve supplier relationships by enabling faster and more reliable payments, easing reconciliation processes, and supporting cross-border transactions under Mastercard's global network. Gina Petersen-Skyrme, Senior Vice President and Country Manager for UAE and Oman at Mastercard, commented, 'In an increasingly fast-paced environment, businesses of all kinds are turning to virtual cards to bring the ease, security, and efficiencies of digitisation to their operations. At Mastercard, we are delighted to leverage our innovative virtual card platform to expand the benefits of embedded finance in Oracle Cloud ERP to FAB's commercial customers.' Liam Nolan, Vice President of Applications Development at Oracle, said, 'This collaboration introduces a proven consumer payment method to the B2B world, simplifying supplier onboarding, reducing risk, and enhancing working capital management for both buyers and suppliers. Mutual customers can now streamline key finance and operational functions and enhance working capital management.'
Yahoo
13-03-2025
- Business
- Yahoo
OCBC Unifies Global Finance with Oracle Fusion Cloud ERP
Southeast Asia's second largest financial services group moves finance to the cloud to streamline financial processes, improve insights, and enhance compliance SINGAPORE, March 13, 2025 /PRNewswire/ -- Oracle CloudWorld Tour -- OCBC, Southeast Asia's second largest financial services group by assets, is using Oracle Fusion Cloud Enterprise Resource Planning (ERP) to support its purpose to enable people and communities to realize their aspirations. With Oracle Cloud ERP, OCBC has unified its global finance platform to increase efficiency and enhance decision-making, as it continues to strengthen its ASEAN-Greater China network. Formed in 1932 and headquartered in Singapore, OCBC has close to 420 branches and representative offices across 19 countries and regions. To enhance its operational efficiency and align its financial processes globally, OCBC turned to digitalization to transform its capabilities, moving away from manual processes. OCBC chose to implement Oracle Cloud ERP to streamline and automate its finance operations and reporting for improved organizational effectiveness. "We have a comprehensive banking, wealth management, insurance and asset management franchise that sets the OCBC Group apart from our peers. It is imperative that we work together as 'One Group' to drive synergies that will foster growth. To achieve this, our finance teams across various entities and geographies will need a unified and agile global finance platform," said Goh Chin Yee, group chief financial officer, OCBC. "Oracle Cloud ERP provided this solution, with capabilities to automate our finance operations and reporting, enabling us to harness the power of data analytics and artificial intelligence (AI). With regular refresh and updates to these capabilities, we will be able to respond swiftly to changes in our operating environment, remain competitive while ensuring compliance with regulatory and accounting changes." With Oracle Cloud ERP, OCBC has increased productivity and improved controls. Oracle Fusion Cloud Enterprise Performance Management (EPM), part of Oracle Cloud ERP, has also enabled OCBC to align its financial consolidation and reporting processes. "It is becoming increasingly essential for financial institutions to embrace new technologies to drive innovation and transformation, unlock new business opportunities and stay ahead of the always-evolving regulatory landscape," said Adrian Johnston, senior vice president, Applications, Oracle Asia Pacific. "With Oracle Cloud ERP, OCBC has embraced automation and embedded AI to increase efficiency, expand insights and accelerate decision-making as it expands into new markets worldwide." More than 10,000 organizations, across public and private sectors, turn to Oracle Cloud ERP to run their businesses. Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities and embedded AI that powers touchless processes, predictive insights, and collaborative actions. With financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain management & manufacturing capabilities on a single platform, and Oracle B2B - which revolutionizes the way organizations transact, pay, finance, and ship sustainably across the globe – organizations can standardize processes, embrace automation, and increase efficiency. OCBC recently received the Finance Innovation Award in the Finance and Supply Chain Award category at the 2025 Oracle Customer Excellence Awards. About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at About Oracle CloudWorld Tour Oracle CloudWorld Tour is Oracle's global celebration of customers and partners. Join us to discover how to get the most business value from AI, explore ways to increase productivity and efficiency through automation, and learn more about our cloud infrastructure, database, and applications from the people that build and use them. For keynotes, session details, news and more visit or Trademarks Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company--ushering in the new era of cloud computing. View original content: SOURCE Oracle Sign in to access your portfolio
