Sumitomo Mitsui Banking Corporation Successfully Integrates Oracle Financial Services Applications Across Its Worldwide Operations to Identify Profit Opportunities and Improve Business Processes

Overview

In an increasingly competitive marketplace, leading financial services companies need to streamline financial reporting processes and leverage data across their extended organizations. Sumitomo Mitsui Banking Corporation (SMBC), the world's second largest bank, completed the implementation of Oracle Financial Services Applications across its international operations. A longtime Oracle Customer, SMBC selected Oracle Financial Services Applications in early 2000 to improve management reporting and integrate with Oracle General Ledger, Oracle Accounts Payable and Oracle Human Resources Management System (HRMS), which already have been deployed.