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June 30, 2005
Infosys to integrate Oracle E-Business Suite Apps with Finacle

NEW DELHI -- Infosys Technologies announced that it will integrate Oracle E-Business Suite applications into Finacle, Infosys' universal banking solution. The integration will enable financial services organisations to acquire a world-class core banking solution unified seamlessly with leading financial, ERP and performance management applications.

Infosys will integrate a range of Oracle E-Business Suite applications, spanning financial and corporate performance management, project management and business intelligence. The integration will introduce business process execution language workflow process (BPEL) management to standardise business flows across financial services organisations. Oracle E-Business Suite's once-and-done approach to data entry will help Infosys customers to streamline business processes and improve operational efficiencies.

Girish Vaidya, senior vice president and business head, Finacle, Infosys Technologies, said: "Our decision to integrate Oracle E-Business Suite applications will enable us to deliver out of the box, a common set of accounting applications as well as expanded project and corporate performance management capabilities, across Finacle. As a certified advantage partner in the Oracle PartnerNetwork, Infosys shares a long-standing relationship with Oracle. We are confident that our new integration initiative will take our relationship to even greater heights."

Andrea Klein, vice president, financial services, industry strategy and marketing, Oracle, said: "The integration of Oracle E-Business Suite applications, using a standards-based approach for business process management, will provide a key differentiator for Infosys. Traditionally, financial services institutions struggled with integration of their core banking and business management solutions. With this out of the box integration, customers will be able to acquire both world-class core banking and e-business solutions.

Contact:
Oracle

www.oracle.com









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