United Bank Limited: (Introduction)

United Bank Limited (UBL) is one of the largest commercial banks in Pakistan having more than 1,320

online branches inside the country. Its 15 branches outside the country are in the United States of

America, Qatar, UAE, Bahrain, and Republic of Yemen. It also has representative offices in Beijing, China,

Tehran, Iran, and Almaty, Kazakhstan. It owns subsidiaries in the UK (United National Bank Limited), and

in Zürich, Switzerland.

History:

Muhammad Ajab Noor S/O Muhammad Noor founded the bank in 1959. In 1971 the

Government of Pakistan nationalized the bank. In 2002, the Government of Pakistan sold it in an

open auction to a consortium of Abu Dhabi Group and Bestway.

In 2002, the bank merged its operations in the UK with those belonging to National Bank of

Pakistan to form United National Bank Limited. United Bank owns 55% of the joint-venture and

National Bank of Pakistan owning the remainder.

Introduction of ERP:

ERP is an acronym for Enterprise Resource Planning, but even its full name doesn't shed much

light on what ERP is or what it does. For that, you need to take a step back and think about all of

the various processes that are essential to running a business, including inventory and order

management, accounting, human resources, customer relationship management (CRM), and

beyond. At its most basic level, ERP software integrates these various functions into one

complete system to streamline processes and information across the entire organization.

The central feature of all ERP systems is a shared database that supports multiple functions used

by different business units. In practice, this means that employees in different divisions—for

example, accounting and sales—can rely on the same information for their specific needs.

ERP software also offers some degree of synchronized reporting and automation. Instead of

forcing employees to maintain separate databases and spreadsheets that have to be manually

merged to generate reports, some ERP solutions allow staff to pull reports from one system. For

instance, with sales orders automatically flowing into the financial system without any manual

re-keying, the order management department can process orders more quickly and accurately,

and the finance department can close the books faster. Other common ERP features include a

portal or dashboard to enable employees to quickly understand the business' performance on key

metrics.

ERP Used by UBL (Oracle):

ERP is an acronym for Enterprise Resource Planning, but even its full name doesn't shed much

light on what ERP is or what it does. For that, you need to take a step back and think about all of

the various processes that are essential to running a business, including inventory and order

management, accounting, human resources, customer relationship management (CRM), and

beyond. At its most basic level, ERP software integrates these various functions into one

complete system to streamline processes and information across the entire organization.

The central feature of all ERP systems is a shared database that supports multiple functions used

by different business units. In practice, this means that employees in different divisions—for

example, accounting and sales—can rely on the same information for their specific needs.

ERP software also offers some degree of synchronized reporting and automation. Instead of

forcing employees to maintain separate databases and spreadsheets that have to be manually

merged to generate reports, some ERP solutions allow staff to pull reports from one system. For

instance, with sales orders automatically flowing into the financial system without any manual

re-keying, the order management department can process orders more quickly and accurately,

and the finance department can close the books faster. Other common ERP features include a

portal or dashboard to enable employees to quickly understand the business' performance on key

metrics.

Oracle an Introduction:

The Oracle Corporation is an American multinational computer technology corporation

headquartered in Redwood City, California, United States. The company specializes in

developing and marketing computer hardware systems and enterprise software products –

particularly its own brands of database management systems. As of 2011, Oracle is the second-

largest software maker by revenue, after Microsoft.[4]

The company also builds tools for database development and systems of middle-tier software,

enterprise resource planning (ERP) software, customer relationship management (CRM)

software and supply chain management (SCM) software.

Larry Ellison, a co-founder of Oracle, had served as Oracle's CEO throughout its history. On

September 18, 2014, it was announced that he would be stepping down (with Mark Hurd and

Safra Catz to become CEOs). Ellison will become executive chairman and CTO.[5] He also

served as the Chairman of the Board until his replacement by Jeffrey O. Henley in 2004. On

August 22, 2008, the Associated Press ranked Ellison as the top-paid chief executive in the world

History:

Ellison co-founded Oracle Corporation in 1977 with Bob Miner and Ed Oates under the name Software

Development Laboratories (SDL). Ellison took inspiration[8] from the 1970 paper written by Edgar F.

Codd on relational database management systems (RDBMS) named "A Relational Model of Data for

Large Shared Data Banks."[9] He heard about the IBM System R database from an article in the IBM

Research Journal provided by Oates. Also derived from Codd's theories, Ellison wanted to make Oracle's

product compatible with System R, but failed to do so as IBM kept the error codes for their DBMS a

secret. SDL changed its name to Relational Software, Inc (RSI) in 1979,[10] then again to Oracle Systems

Corporation in 1982,[11] to align itself more closely with its flagship product Oracle Database. At this

stage Bob Miner served as the company's senior programmer. In 1995, Oracle Systems Corporation

changed its name to Oracle Corporation, officially named Oracle, but sometimes referred to as Oracle

Corporation, the name of the holding company. Part of Oracle Corporation's early success arose from

using the C programming language to implement its products. This eased porting to different operating

systems (most of which support C).

Applications

Oracle also sells a suite of business applications. The Oracle E-Business Suite includes software

to perform various enterprise functions related to, for instance, financials, manufacturing,

customer relationship management (CRM), enterprise resource planning (ERP) and human

resource management. The Oracle Retail Suite[50] covers the retail-industry vertical, providing

merchandise management, price management, invoice matching, allocations, store operations

management, warehouse management, demand forecasting, merchandise financial planning,

assortment planning and category management. Users can access these facilities through a

browser interface over the Internet or via a corporate intranet.

Oracle Ledger:

Oracle ledger is employed to process the work of Finance department in UBL:

Oracle General Ledger provides highly automated financial processing. It can import and post 42 million

journal lines per hour, making it the fastest and most scalable general ledger on the market. It also

provides tools for effective management control and real-time visibility to financial results — everything

you need to meet financial compliance and improve your bottom line.

Enhance Value by Combining With The Entire Oracle E-Business Suite:

Oracle General Ledger works seamlessly with other Oracle E-Business Suite products to drive better

decision-making, sustainable financial discipline, regulatory compliance, and optimized business

processes at the lowest cos

Benefits of Oracle Ledger for UBL:

Gain Efficiencies with Highly Automated Financial Processing

Automate journal processing for recurring and allocation journals. Convert and load raw

data from external systems or upload mass journal entries via spreadsheets. Run posting,

reporting, translation, and consolidation processes in parallel to accelerate reporting time.

Establish and Maintain Superior Internal Controls

Guarantee data integrity with a single ledger to manage all financial information. Actual,

budget, summary, foreign currency, statistical and average balances are automatically

synchronized, rendering reports immediately available and always accurate.

Mandatory checks and balances prevent the occurrence of out-of-balance situations. The

chart of accounts can be customized to best fit your company's needs, and is used to

control information access.

Increase Enterprise Visibility

Increase visibility into performance by investigating and reconciling balances online.

Drill down to any level of detail including detail balances, journals, and the underlying

subledger transactions - all from a single drill path. Oracle Applications Desktop

Integrator provides a desktop-based extension of Oracle General Ledger to analyze

financial statements, create budgets, upload conversion rates, create reports, and more.

Capitalize on Global Opportunities

Capture and report on any number of currencies from the balance level to the subledger

transaction level. Currency conversion, revaluation, remeasurement, and translation are

all performed in accordance with local and international accounting standards.

Improve Financial Services Profitability

Robust average balance functionality comes standard in Oracle General Ledger to allow

companies in the financial services industry to perform sophisticated transfer pricing and

profitability analysis calculations to comply with regulatory reporting requirements.

Oracle General Ledger is also integrated with the Oracle Financial Services Applications.

ORACLE FINANCIAL SERVICES for UBL (Banks):

In today’s rapidly evolving and complex financial services environment, it is more

critical than ever for banks to quickly understand profitability results adjusted for risk.

Oracle Financial Services Enterprise Financial Performance Analytics is designed to

provide timely and actionable financial and management reports across Organization,

Line of Business, Products and Legal Entities. In addition to standard income statement

and balance sheet reporting, Oracle Financial Services Enterprise Financial Performance

Analytics delivers management ledger level reports, along with Risk Adjusted

Performance Management (RAPM) reporting.

Integrated and Actionable Insight:

Oracle Financial Services Enterprise Financial Performance Analytics

provides a rich and robust solution that empowers the bank with adaptive

actionable insight. This application integrates data from the bank’s ledger/

management ledger with other allocated line items, such as expenses, to

provide a comprehensive view of financial performance across multiple

dimensions, including – but not limited to – Product, Line of Business,

Geography, and Organization. Oracle Financial Services Enterprise

Financial Performance Analytics delivers relevant information to meet the

needs of each user, across roles in the organization, from executives to

business analysts.

Profitability Metrics Adjusted for Risk:

Understanding Product or Line of Business performance is of strategic

importance to financial services institutions. Information by product on

profit margins, its evolution and effects on the company’s bottom line,

will help banks manage their investments efficiently and invest in areas

that are of strategic and financial importance to the bank. Oracle

Financial Services Enterprise Financial Performance Analytics enables

deep analysis and understanding of the bank’s data with robust

dashboards and reports. By viewing monthly trended results, users can

monitor product line performance, track earnings trends, cost

structures and other key factors pertaining to the product or line of

business. The multidimensional approach of this application also

enables the business to examine performance by other factors – such

as organization or risk-adjusted metrics such as return on assets

(ROTA), return on Capital Employed, risk-adjusted return on capital

(RAROC), or key performance indicators such as top 10 products by

balance growth. Each RAPM measure may use multiple bases of capital:

regulatory capital, economic capital, or all-in capital.

In addition to standard income statement and balance sheet reporting,

Oracle Financial Services Enterprise Financial Performance Analytics

delivers rich, multicurrency income statements for any asset- or

liability-based product or for any service based product or

intracompany service. Designed to be flexible, the baseline profitability

model may be rapidly extended or customized to meet your unique

implementation requirements.

Oracle Financial Services Enterprise Financial Performance Analytics is

integrated with Oracle Financial Services Basel Regulatory Capital and

Oracle Financial Services Operational Risk Economic Capital. Banks

using these products will witness the outputs from these products

being leveraged by Oracle Financial Services Enterprise Financial

Performance Analytics for RAPM calculations. Alternatively, the bank

can make such capital allocations available to Oracle Financial Services

Enterprise Financial Performance Analytics for measuring RAPM.

Oracle Financial Services Enterprise Financial Performance Analytics

allows users to define their own reports, dashboards, alerts, and

metrics, in a matter of minutes and share this information with the

entire community of users. The application can be maintained and

enhanced by the same business users who define the requirements.

Creation and modification of reports has been made extremely intuitive

and simple with the ad-hoc interface. As business users maintain their

reports directly, the project will not result in another drain on vital IT

resources. The application leverages the same semantic model as a

single source of the truth for all reporting formats and media. Oracle

Financial Services Enterprise Financial Performance Analytics can also

be easily pre-configured to limit permissions to users thereby allowing

each user to only see or receive relevant results based on their role in

the organization.