Karnataka State Finance Corporation Improves Information Flow, Transaction Monitoring, and Staff Performance Analysis
Karnataka State Finance Corporation is one of India's leading financial institutions. The company offers a range of insurance, mutual funds, and loan products and is involved in infrastructure development projects across the country. Karnataka State Finance Corporation grappled with the management of databases across multiple branch offices due to a decentralized IT infrastructure. Information flow among these offices was slow and often led to data inconsistency across different locations. In 2008, Karnataka State Finance Corporation engaged Oracle Consulting to help deploy Oracle Database to provide financial information to managers faster so they could process reports easily. It improved transaction monitoring and database performance so that loan, insurance, and investment applications can be quickly processed.