Allianz Bank Bulgaria Reduces Fleet Management Costs by 50% and Cuts Reporting Time to One Day

Allianz Bank Bulgaria wanted to centralize financial, inventory, and asset data, and reduce delays caused by requiring staff to manually collect data and accelerate end-of-month and end-of-day financial reporting. The challenge was to reduce the time required to generate standard financial reports, such as income statements or trial balances and increase staff efficiency and reduce the administrative burden in the finance department. Allianz Bank Bulgaria worked with Oracle Partner Sirma Business Consulting to implement Oracle E-Business Suite, centralizing financial, inventory, and asset and reduced end-of-month financial reporting from five days to one day by centralizing financial data.