This is not Oracle acquisition news, rather yet another Big news this morning locally in Singapore for partnership with global bank Citibank Japan and Oracle for enhancing the Oracle Global Cash Management System,that provide a integrated solution for managing Cash Management for global manufacturing operations, retail, transportation, financial services sector of Japanese clients.

"Oracle Global Cash Management System" is SOA based product of Oracle Japan used for managing group corporate finance, fund management and financial risk management, financial transaction management function.

Some of the important Fund management features that product offers are : centralized group of companies in the financial management of pooling funds, payments to suppliers to pay a centralized agency, balances between group companies to make the difference between the settlement and netting capabilities.

"Oracle Global Cash Management System" available for local clients since October 1, 2007 with price tag 15 million yen for 4-user license,supported with most of available platforms(AIX, Solaris, HP-UX, RedHat Linux, Windows).

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As need for banking Integration is greatly felt in corporate world, and Lets hope, this might bring some more banking functionality in next releases of Oracle EBS ..what you say...

Companies to Banking partner connectivity and online information exchange has long been an issue for many reasons for so many years. Driven by tighter regulation and the need for better cash management and effective working capital management prompt Treasures to explore more areas so that they can get better insight into their cash positions and forecasts. As mention in last post globalization, Single instance strategy, global bank model, multi-cash feature provided by banks, centralization and standardization of finance processes that makes finance department to explore more in this area. Integration with any banking partner solutions either interacting with third party netting system or Sending a simple wire payment instructions to bank, you does requires a very tight integration with your accounting system.

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In last couple of years, IT and Internet open the new door not only to IT Finance Managers but also Corporate Treasurers .The role of treasurers is more demanded and expectation with their banking partner have been greatly increased Changing Banking Relationships, Single Bank Model ,globalization , SWIFT corporate access and XML and end to end Integration with In house accounting system are some of the key points that enforce treasury department to look options with usage of Technology by either in building custom online applications or integrated and modified products From commercial vendors of ERP.

Lets start the topic of Treasurer Dilemma for exploring Integration of Oracle ERP with SWIFT Network.Here is one of case where treasurers seeking information with Oracle.

Background

- Currently using Oracle E-Business Suite and planning to generate e-files from AP and Treasury modules and transfer it to SWIFT.
- Came to know that many messages stating that Oracle is developing some applications that would help integrate the e-business suite with SWIFT.
- As Oracle Treasury has the ability to generate MT 100. ( Assume AP has this functionality).

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