Thursday, June 30 2005 19:19 Hrs (IST) - World Time -

Bangalore: Infosys Technologies and Oracle today (Jun 30, 2005) announced Infosys will integrate Oracle E-Business Suite applications into Finacle, Infosys' universal banking solution.

"The integration will enable financial services organisations to acquire a world-class core banking solution unified seamlessly with leading financial, ERP and performance management applications - streamlining IT management and support", according to an Oracle statement.

"Our decision to integrate Oracle E-Business Suite applications will enable us to deliver 'out of the box', a common set of accounting applications -- as well as expanded project and corporate performance management capabilities across Finacle," said Girish Vaidya, Senior Vice-President and Busines Head Finacle, Infosys Technologies.

Infosys will integrate a range of Oracle E-Business Suite applications, spanning financial and corporate performance management, project management and business intelligence.

Targeted applications include, Oracle Financials, Oracle Procurement, Oracle Projects and Oracle Balanced Scorecard, the statement said.

The integration will introduce BPEL (Business Process Execution Language) workflow process management to standardise business flows across financial services organisations.

Oracle E-Business Suite's "once-and-done" approach to data entry will help Infosys customers to streamline business processes and improve operational efficiencies, it was stated.