IDBI Bank's management was faced with challenges to assess the value addition
of line-of-business (verticals), branches and customers upon which several
important decisions like resource allocation for branches, granting discounts
and exemptions hinged on. Moreover, the bank had manual process for planning,
based largely on Excel. There was a need to look at the budget from vertical and
product point of view also, which made Excel sheets very complicated and error
prone. And the history couldn't be stored in Excel and be shared with various
bank's branches. The bank also intended to have a comprehensive asset and
liability management system fully integrated with other systems. Bank took an
initiative of implementing Oracle's Hyperion Planning system, Oracle Financial
Services Applications (OFSA) & Asset Liability Management (ALM-Risk Manager) and
integrating them all to suit the bank's requirement.
Following the implementation of this integrated suite, the bank has been able to
accrue benefits from each single product of the suite. Implementation
of Hyperion Planning has automated the top-down and bottom-up budgeting and
forecasting process for them. While, the OFSA project has allowed the bank to
look at and analyze profits in different slices. The project has helped
objectify the subjective analysis and has aligned bank's business model with
customers.
Project Specs |
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Implementation Partner Oracle Consulting Services |