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Nation Lanka Finance steps up with Oracle E-Business Suite 12.1 implemented by DMS Software Technologies

Nation Lanka Finance Plc, a 25-year old finance company regulated by the Central Bank of Sri Lanka, revamped its back-office financial management system by deploying an Oracle E-Business Suite 12.1 - a flexible, scalable and reliable global business platform to help improve its operational efficiency, enabling it to automate its management and financial accounting system. The implementation was facilitated by DMS Software Technologies, a Gold level member of Oracle PartnerNetwork (OPN).

Incorporated in Sri Lanka on 15th July 1987 under the Company’s Act No17 of 1982, and re-registered under the Companies Act No.07 of 2007, Nation Lanka Finance is a finance company regulated by the Central Bank of Sri Lanka with a rich heritage of 25 years. 

The Oracle E-Business Suite Financials module, part of the Oracle E-Business Suite 12.1, has been integrated with Nation Lanka Finance’s front office applications. This deployment will help increase its efficiency and reduce back-office costs with standardized processes for shared services, productivity tools, and integrated financial performance management. This deployment will also help manage the organization from a single, integrated system and comply with multiple legislations, accounting standards, and policies, while facilitating financial control and corporate governance with a holistic approach to compliance and risk management.

“One of the key features of Oracle E-Business-Suite 12.1 is that it delivers critical information across many departments, thereby enabling an information-driven value chain which is crucial for an organization such as Nation Lanka Finance,” said Mr. Prasanna Habaragamuwa – Chief Finance Officer from Nation Lanka Finance PLC. “The new ERP system has blended in with our existing IT infrastructure and connected our 22 branches, enabling us to reduce back-office costs and facilitate the necessary financial control and corporate governance to ensure superior service.”

Oracle E-Business Suite applications help customers manage the complexities of global business environments whether the organization is small, medium, or large in size. As part of Oracle’s Applications Unlimited strategy, Oracle E-Business Suite applications will continue to be enhanced, thus protecting and extending the value of the organization’s software investment.

“While Oracle E-Business Suite offers numerous benefits, our team analyzed the existing infrastructure and networking system to create the best possible integrated solution,” said Palitha Rodrigo, Director General Manager of DMS Software Technologies (Pvt) Ltd. “As a longtime member of Oracle PartnerNetwork, our engineers and consultants are some of the most experienced in the country.”

“Organizations across the globe have been relying on Oracle Applications for an integrated platform to address growing needs of businesses,” said Chandi Samaranayake, Country Head – Application Business, Oracle Sri Lanka and Maldives.. “Our Award-winning Financial Module, part of Oracle E-Business Suite, is giving Nation Lanka Finance an end-to-end view of its financial performance and providing them with the most complete and integrated financial management solutions for finance operations; governance, risk, and compliance; and performance management."

A subsidiary of the DMS Group, DMS Software Technologies has deployed over 20 Oracle E-Business Suite implementations for small and large scale companies in Sri Lanka. Their extensive client portfolio ranges from corporate giants to multifaceted government agencies.

28.04.2014 - Daily News - Nation Lanka Finance steps with Oracle E-0BUsiness Suite 12.1
27.04.2014 - Daily News - Nation Lanka Finance steps with Oracle E-0BUsiness Suite 12.1
26.04.2014 - Daily News - Nation Lanka Finance steps with Oracle E-0BUsiness Suite 12.1
25.04.2014 - Daily News - Nation Lanka Finance steps with Oracle E-0BUsiness Suite 12.1  

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    Continental Insurance revitalised with cutting-edge DMS Oracle ERP solution

    DMSSWT successfully completed the implementation of the Oracle E-Business Suite solution at Continental Insurance Lanka Limited.