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Information System of MCB

The document discusses MCB Bank's use of the Oracle General Ledger (GL) system within its Financial Control Department. The department was previously using an in-house system that could no longer meet its complex needs. MCB implemented the Oracle GL system to integrate with other Oracle applications and provide reliable, customizable financial processing and reporting. The system generates accounting reports, financial statements, and saves information for future use and auditing while maintaining data integrity. Backups of the system occur daily for disaster recovery.

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1K views

Information System of MCB

The document discusses MCB Bank's use of the Oracle General Ledger (GL) system within its Financial Control Department. The department was previously using an in-house system that could no longer meet its complex needs. MCB implemented the Oracle GL system to integrate with other Oracle applications and provide reliable, customizable financial processing and reporting. The system generates accounting reports, financial statements, and saves information for future use and auditing while maintaining data integrity. Backups of the system occur daily for disaster recovery.

Uploaded by

annieriaz
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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presented by:

Mehreen Raza (419.06)


Quratulain Riaz (146.06)
introduction

 MCB Bank Ltd was incorporated on July 9, 1947


 MCB is Pakistan’s fourth largest bank by assets
having an asset base of US$6.7 billion
 Largest market capitalization of US$4.1 billion.
 Customer base of approximately 4 million and a
nationwide distribution network of 1,026
branches, including 8 Islamic banking branches,
and over 300 ATMs, in a market with a population
of 160 million.
 During the last fifteen years, the Bank has
concentrated on growth through improving
service quality, investment in technology and
people, utilizing its extensive branch network,
the financial control
department
 Makes sure that all financial transactions comply
with state laws, rules, and regulations.
 Responsible for centrally processing and recording
the transactions.
 Oracle GL as its information system.
 Oracle GL is a product of the Oracle E-Business
Suite which the organization has acquired as its
platform for managing its business transactions
and maintaining records.
 Oracle General Ledger works seamlessly with
other Oracle E-Business Suite products to drive
better decision-making, sustainable financial
discipline, regulatory compliance, and optimized
these are what some
elements of the oracle
general ledger look like
the previous system
 The Financial Control Department used an in-
house developed system called “Financial Control
System”.
 the Financial Control System could no longer meet
the complex needs of the department.
 usual system break downs which resulted in
increased cost
 time cost
 and monetary cost
the new system
 A new system that would be reliable and would
integrate smoothly with the organization.
 Company bought a new information system, the
“Oracle Financial Suite”
 Oracle GL was perfectly suited for the Financial
Control Departments requirements.
 This system allowed the company to cope with its
changing requirements.
 This software gave the company several options
that were not previously available in the previous
system.
 This system also enables the organization to
technical specifications

 Hardware – HP Blade Server


 Software – Oracle e-Business Suite R12
 Operating System – Linux Environment
 Input – Financial data
 Output – financial statements like ledgers,
balance sheet etc.
 Processing – Batch processing
 Storage – both Hot-sites and cold sites.
users of the system

 Oracle GL is a financial software system


designed for an organization’s financial
needs
 Employees of MCB’s Financial Control
Division are the end users of the system.
 All the employees in this department are
properly trained to use this system.
 The system is highly customized to suit all
the needs of the department and meet its
requirements in an efficient and cost
effective manner.
benefits of oracle gl

 Benefits to end users:


 friendly interface
 No specialized training to operate this
system.
 Benefits to department:
 generates accounting reports.
 Customize reports.
For example if there are any changes in
accounting laws or procedures that the bank
may need to implement, the system easily
facilitates that.
features of the system
 This system has the capability to fulfill the
requests of the end users by default.
 The Oracle GL provides high Data Integrity;
 by making sure that the data is saved, will be
available for future use and will not have any
errors.
 Data retrieval or data recovery is made
easy by the system.
 It also reduces the occurrence of a system
failure to almost ZERO.
 It has a Relational Database Management
System.
information provided by
the system
 This system enables the department in making
 General Ledgers for the bank,
 completing its transactions,
 maintaining accounts and balances
 balance the accounts and generate Financial Statements
 The MCB generates the following financial statements
with the help of this system:
 Balance Sheet; Profit and Loss account; Cash Flow
statement and Statement of Changes in Equity.
 The system saves all the reports and financial
statements into its database for future use and
referencing.
 This information is not only useful for preparing reports
for the bank but also in making audit reports, company
backups

 MCB has both cold sites and hot sites for


its financial system – the Oracle General
Ledger.
 It has its hot sites in Pakistan only.
 The hot site is the main headquarter in
Karachi at the I.I. Chundrighar Road.
 The cold sites are the various regional
headquarters in the country.
 Backups are scheduled on a daily bases in
the off-peak hours (late nights).
problems with the
system
 The employees are not facing any
problems with the system
 They only thought the system can be
further customized
recommendations

To further customized with the specific


needs of the Financial Control Division,
the company can upgrade a newer
version of Oracle GL.
System enhancements over time might
also need to be carried out that could
involve upgrading the server, storage
and database systems.
conclusion

 MCB aims to keep its business in line with


the top banks and corporations of the
country.
 Therefore, it has chosen Oracle E-Business
Suite as the application.
 The Oracle E-Business Suite is a top of the
line application software used by
businesses around the world.
 Oracle is renowned for providing its
customers with excellent software’s that
provide fast, easy and efficient business

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