Byblos Bank uses Oracle E-Business Suite Release 12.1 to manage and track its financial workflows, integrate budgets with existing third-party applications, and meet statutory reporting compliance. Oracle Financials Accounting Hub was used to intergrate its legacy core banking system. It also automated its procure-to-pay cycle to optimize purchases, manage suppliers and better control its warehouses. Project costing was implemented to track all expenditures related to various projects and match them to their respective budgets.The bank’s fixed assets are now managed on Oracle, alongside payments and receipts. On top of this, Byblos Bank deployed Oracle Internet Expenses and Oracle iProcurement to allow employees to initiate expenditures and procurement workflows.
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