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North Atlantic Treaty Organization (NATO) wanted to replace aging and obsolete accounting systems, used throughout several NATO agencies and develop and implement a new financial system to meet the Minimum Military Requirement (MMR) for an effective accounting system. The challenge was to provide adequate financial management of the O&M budgets of the strategic commands. NATO worked with Oracle Consulting to design NATO Automated Financial System (NAFS) to be the Enterprise Resource Planning (ERP) system for financial management at NATO and selected Oracle Financials as the best value solution following extensive analysis and requirements studies, as well as an international competitive bidding exercise.
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