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Oracle Customer Success—The Riksbank
The Riksbank Establishes Total Control of License Usage with Oracle
ShareAn Oracle audit was the best thing that could have happened to us. The whole collaboration process with the Oracle License Management Services team has been characterized by good dialogue and smooth cooperation. We have gained total control over our Oracle license ownership and usage for the first time in several years.
The Central Bank of Sweden Establishes Total Control of License Usage, Eliminating Risks of Financial, Legal, and Reputation Losses with Oracle
Founded in 1668, the Riksbank is considered the oldest central bank in the world. The Riksbank is Sweden’s central bank and an authority under the Riksdag, the Swedish parliament. The Riksbank is responsible for the monetary policy of Sweden with the objective to maintain price stability. It has also been given the task to promote a safe and efficient payment system in the country.
Business Challenge
- Conduct a review of the Riksbank’s software license ownership and usage of Oracle Database products—in many cases mission-critical applications—to minimize financial and legal risks associated with any under- or over-licensing
- Eliminate risk of downtime for mission-critical systems—thereby risks of economic losses and the potential for Riksbank to lose its reputation and credibility—due to unclear division of responsibility for software license management between the Riksbank and the IT service company Evry
- Establish total control of license ownership and usage, and improve the license management process, to lay a foundation for continuing efficiency of the Riksbank’s core operations
Results
- Introduced a correct portfolio of software licenses after an Oracle License Management Services (LMS) audit, eliminated legal and financial risks due to non-compliance, and enabled Riksbank to get maximum value out of its license investment
- Clarified the division of responsibility between the Riksbank and Evry, and eliminated risks of incidents that could lead to downtime for mission-critical systems—such as RIX, the Riksbank’s payment system which is the central junction in Sweden’s financial infrastructure
- Benefitted from LMS’s expertise and established total control of license ownership and usage, and laid a solid foundation for continuing efficiency of Riksbank’s core operations in monetary policy, payment systems, and asset management
We use Oracle products for our mission-critical systems almost exclusively. When we procure new business critical systems, we compare different solutions regarding operational stability, scalability, economy, and other factors. Given these considerations, we almost always choose Oracle.