Abu Dhabi Islamic Bank Centralizes, Consolidates, and Integrates Internal and External Financial Processes
 
 

Abu Dhabi Islamic Bank Centralizes, Consolidates, and Integrates Internal and External Financial Processes

  • Oracle Customer:  Abu Dhabi Islamic Bank
    Location:  Abu Dhabi, United Arab Emirates
    Industry:  Financial Services
    Employees:  1,667
    Annual Revenue:  $500 Million to $1 Billion

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Established in 1997, Abu Dhabi Islamic Bank (ADIB) provides Islamic financial solutions and aims to be a top-tier global, Islamic financial services company. It offers simple, sensible, and transparent banking, guided and inspired by the rules and principles of Shari’a. ADIB operates a growing network of 66 branches and 324 automated teller machines (ATMs) in United Arab Emirates, as well as offering its e-ADIB internet and a mobile banking service.

 
 

 
 

Challenges

A word from Abu Dhabi Islamic Bank

  • “Deploying Oracle E-Business Suite 12.1.1 Financials has not only enabled ADIB to centralize, tightly integrate, and gain greater control over our financial processes, it has also led us to train our workforce so they are now more skilled workforce, while bringing disparate teams together. ” – Hassan Mohd Zakir Hussain, Manager, ERP and Subsidiaries Applications, IT Division, Abu Dhabi Islamic Bank

  • Consolidate disparate legacy financial applications into a centralized, automated, fully integrated financial solution
  • Eliminate manual handling errors with paperless processes
  • Streamline internal and external financial reporting
  • Improve tracking of bank branch-office expenses
  • Reduce manual data entry across all financial processes
  • Gain tighter control over inventory management, orders, and suppliers of financial services and branch office equipment

Solutions

Oracle Product and Services

  • Implemented Oracle E-Business Suite Release 12.1.1 for 100 administrators and 1,500 end users in seven months with the help of Oracle Partner WIPRO
  • Completed internal training on the solution in just 20 days
  • Optimized regulatory andmanagement reports, and other internal report creation, reducing time needed from two weeks to just one day
  • Reduced expense accounting process from five days to one day
  • Relieved burden of manual data entry from 15 financial administrators by moving purchase order processing online
  • Cut month-end accounting close from four days to two days
  • Used Oracle Inventory Management to gain real-time visibility of inventory transactions for 150 suppliers and more than 1,000 pieces of office equipment required by 60 banking branches
  • Tracked office equipment efficiently and automated scheduling of maintenance with Oracle Enterprise Asset Management, saving up to three days administration and IT support monthly
  • Enabled stock taking by one person in one day with banking store rooms open, rather than the previous requirement of three people over three days with store rooms closed
  • Automated lifecycle management of more than 200 leased bank branches and other premises with Oracle Property Manager

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