Bank Al-Maghrib Enhances Procurement and Financial Management Processes, Improving Productivity

Bank Al-Maghrib wanted to improve service quality of business applications to streamline key management activities and obtain greater and faster visibility into financial activities by shortening the deadlines for monthly consolidation of reports. The challenge was to automate budgetary follow-up to save time and improve reliability. Bank Al-Maghrib worked with Oracle Partner STERIA Medshore to replace aging in-house applications with integrated Oracle E-Business Suite applications for financial management, purchasing, stocks, and fixed assets management and reduced time needed to close financial books from 15 days to 5 days - improving performance and productivity.