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ACH Colombia S.A. is one Colombia's two institutions for financial clearing and automatic settlement services, serving 17 of the largest banks in the country. Its mission is to facilitate electronic transactions and information exchange between financial institutions and their customers in a safe and efficient manner. The company provides debit transaction, credit, payment, and online buying services for companies and businesses and manages the settlement of social security contributions and charges from special taxes.
The company needed to create an effective and sustainable process to continually ensure compliance with software licensing and copyright requirements and align more closely to the international standard for software asset management, as established by International Standards Organization (ISO) 19770-1. ACH. Colombia managed its Oracle licenses internally, but a lack of centralized licensing information and difficulty in automating license management led ACH Colombia to seek a solution outside the company. Oracle License Management Services advised the company on best practices for managing its software assets, reviewed its installed licenses, and helped it negotiate a new unlimited license agreement (ULA), potentially saving the company up to US$1 million dollars.
"The transparency and confidence between our two companies―ACH Colombia and Oracle License Management Services―were the most important factors in our selection process," said Luis Alberto Fernandez, vice president of operations and technology, ACH Colombia." We truly value the professionalism and commitment of the Oracle License Management Services team, which enables us to optimize our IT asset investment."
Over a two month engagement, Oracle License Management Services worked with ACH to implement standard asset management processes in line with ISO 19770-1 and to transfer knowledge that has allowed ACH to develop sustainable business processes to ensure future license compliance.
"In our company, we measure achievement with indicators and concrete figures," Fernandez said. "Our achievement here was becoming certain that, by the end of 2011, we were fully in compliance with all licenses."