Latest news with #OracleFusionCloud
Time of India
17-06-2025
- Business
- Time of India
Infosys's US arm wins large ERP modernisation deal from Nexcom
Bengaluru: Infosys Public Services (IPS), the US subsidiary of Infosys, won a large deal from the US-based Navy Exchange Service Command (Nexcom). Nexcom chose IPS to spearhead a major transformation initiative, implementing Oracle Fusion Cloud to modernise and replace its current ERP financial management and procurement systems, sources told TOI. Infosys is one of the top Oracle implementation partners among system integrators. The US-based Nexcom signed a 14-year agreement with Infosys, which involves a combination of software licensing, professional services, and maintenance and support services. The deal is significant as it could potentially unlock newer opportunities in the Department of Defense. It also strengthens Infosys's position to tap into emerging opportunities in the federal sector, especially considering recent DOGE-related developments. Infosys defines large deals as contracts over $50 million. Nexcom supports warfighter readiness and Navy quality of life by delivering essential products, services, and hospitality to military communities worldwide. Through its retail stores, Ship's Store Program, telecom and uniform offices, textile research facility, and Hospitality Group, Nexcom effectively sustains the Fleet and military families. Nexcom is a non-appropriated fund instrumentality (NAFI) of the Department of Defense and the Department of the Navy, generating sustainment and modernisation funds through operations. An email sent to Infosys and Nexcom didn't elicit a response by the time of going to the press.
Business Standard
26-05-2025
- Business
- Business Standard
Mastek deploys full-scale Oracle Fusion Cloud suite for Air Niugini
Mastek announced the successful go-live of a full-scale Oracle Fusion Cloud suite implementation for Air Niugini, the national airline of Papua New Guinea (PNG). This milestone represents one of the most significant digital transformation initiatives within the PNG aviation sector, enabling a leap forward in operational efficiency, automation, and data-driven decision-making. As a leading carrier offering both domestic and international services, Air Niugini recognised the need to modernise its ageing legacy infrastructure to meet evolving business and regulatory demands. With a fragmented system landscape and high dependency on manual processes, Air Niugini is now focused on transformation strategies to ensure agility, visibility, and scalability - critical factors for operational excellence in the modern aviation industry. To address these challenges, Air Niugini partnered with Mastek as its strategic advisor and implementation partner to drive a comprehensive cloud-enabled transformation aligned with its long term vision of operational excellence, financial sustainability, and workforce empowerment.
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.'
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Business Standard
08-05-2025
- Business
- Business Standard
Mastek shares gain 6% on strategic deal with Zulekha Healthcare; details
Mastek share price today: Shares of digital engineering and cloud transformation services provider Mastek were buzzing in trade on Thursday, May 8, 2025. The company's share price soared 6.14 per cent to ₹2,223 during intra-day trade on Thursday. The upward movement in the company's share price came following its announcement of a strategic collaboration with Zulekha Healthcare Group, a UAE-based healthcare services provider. Mastek, in a release, said that it will deploy an extensive Oracle Fusion Cloud suite, which closely integrates with the Oracle Health (Cerner) system. "This transformation aligns with Zulekha's vision of delivering 'Patient First' healthcare while enhancing clinical workflows, operational efficiency, and fiscal agility," Mastek said in the release. "As a leading Oracle Cloud partner with 1,500+ implementations across 40+ countries, 100+ industry-specific solutions, and a talent pool of 2,000+ skilled consultants, Mastek will implement a unified Oracle Fusion Cloud solution fully integrated with Zulekha Healthcare Group's Hospital Information System (HIS) and Revenue Cycle Management (RCM)." 'Leveraging Mastek's close working relationship with Oracle and deep healthcare domain expertise, we empower organisations like Zulekha Healthcare Group to achieve smarter, faster, and more patient-centric operations. We are committed to supporting their transformation journey and are excited to drive innovation and deliver measurable outcomes together,' said Surya Nunna, Executive Vice President, AMEA, Mastek. About Mastek Mastek is a global provider of enterprise AI, digital, and cloud services, enabling its clients to achieve measurable and sustainable returns on their technology investments. The company partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services. Mastek is a solutions-focused and relationship-centric company that values both employees and clients. As of May 8, the company boasts a market capitalisation of ₹6,770.89 crore on the NSE. Mastek share price history The shares of the Computers - Software & Consulting company have exhibited a mixed performance over the past year. Mastek's share price has advanced nearly 11 per cent in the last month, while it has declined 25 per cent in the last six months and 13 per cent in the last year. For the year-to-date, Mastek's share price has posted a decline of nearly 27 percent. In contrast, the benchmark Nifty50 has advanced nearly 2.5 per cent this year. At around 1:50 PM on Thursday, Mastek's shares were quoted at approximately ₹2,171.90, up 3.70 per cent from its previous close of ₹2,094.40 on the NSE.
Business Upturn
08-05-2025
- Business
- Business Upturn
Mastek collaborates with Zulekha Healthcare Group to implement Oracle Fusion Cloud suite
By Aman Shukla Published on May 8, 2025, 12:57 IST Mastek, a provider of digital engineering and cloud transformation services, has announced a strategic collaboration with Zulekha Healthcare Group, a healthcare provider based in the United Arab Emirates. The partnership involves the implementation of the Oracle Fusion Cloud suite, integrated with the Oracle Health (Cerner) system. The objective of this collaboration is to support Zulekha Healthcare Group's operational goals, including improvements in clinical workflows, financial management, inventory control, and compliance. The digital transformation aims to reduce manual processes and enhance data-driven decision-making across the organization. Zulekha Healthcare Group operates a network of medical facilities in the UAE, including two hospitals with a combined capacity of 285 beds. The Group employs more than 2,500 staff, including over 300 physicians and 600+ nursing and paramedical personnel. It also operates a smart medical fitness center that offers services such as medical assessments for visas, vaccinations, occupational health certification, and embassy-related medical documentation. Mastek will deploy a unified Oracle Fusion Cloud solution that will integrate with Zulekha's existing Hospital Information System (HIS) and Revenue Cycle Management (RCM) infrastructure. The deployment is intended to improve interoperability and system efficiency while aligning with industry standards. Mastek has previously completed more than 1,500 Oracle Cloud implementations across 40+ countries and offers over 100 industry-specific solutions. The company's healthcare sector experience and Oracle Cloud expertise were cited as key reasons for its selection as a digital transformation partner for this project. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
