Banco do Brasil (Bank of Brazil) is a mixed-economy banking institution with the participation from the Brazilian Federal government. It was created by Prince D. João in 1808 and since then has actively participated in Brazil’s economy, history, culture, and development. It has a presence throughout the country, with more than 5,000 branches and more than 40,000 ATMs. In addition, Banco do Brasil has continually expanded its international presence—with more than 40 service locations abroad, including branches, subbranches, business units and offices, and subsidiaries.
When the bank’s internally-developed financial budgeting and simulation tool failed to keep pace with growth and modernization, Banco do Brasil replaced its legacy tool with Oracle Hyperion Planning to expand business visibility for its 30-member board of directors. With Oracle Hyperion Planning, the bank automated report generation—a process that had previously taken up to two months—and achieved real-time monitoring of its planned budget. In addition, the implementation enabled the bank to extend greater information access to provide better service to customers.
After researching the market, Banco do Brasil (Bank of Brazil) chose Oracle Hyperion Planning because it is robust and secure. Flávio Saba Santos Estrela, executive manager of the controllership board, Banco do Brasil added, “We found Oracle Hyperion Planning had structured workflow functionality and a more effective interface with Microsoft Office than competitor offerings.”
Partner – Banco do Brasil (Bank of Brazil) worked with Accenture to implement Oracle Hyperion Planning.
“Accenture handled all documentation and a large amount of the programming, as well as developed system formulas and parameters. In terms of meeting our deadline, the project was a success, especially considering the complexity of the bank’s budgeting process,” Estrela said.
The system went live in seven months—less than the eight months normally required for this type of implementation, due to support from Oracle Advanced Customer Support Services .