- HNB Assurance (HNBA) moves to Oracle ERP Cloud platform in order to streamline their business processes
- Implementation of the entire process undertook only 7 weeks, ensuring that HNBA does not miss out on business opportunities and continue to have seamless business operations
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems Provider – recently announced that it has successfully implemented the Oracle ERP Cloud platform for HNB Assurance (HNBA), a leading insurance service provider in Sri Lanka. The project was completed within a short span of 7 weeks, recording the fastest Oracle ERP implementation in the country. The solution provided by MillenniumIT ESP has enabled HNBA to reduce IT complexity, streamline business processes and increase employee productivity by helping automate business processes, and improve decision-making through advanced data analysis.
MillenniumIT ESP deployed the Oracle ERP Cloud solution for HNBA in order to support the company with the modernisation of its finance and expense management practices, as part of its forward-looking business applications roadmap. The latest cloud modules have been seamlessly integrated virtually as HNBA opted to adopt to the best practices provided by the solution. This not only helped streamline and simplify its existing business processes but also provided agility, mobility and fasten the time taken to market.
“Organisations around the world rely on Oracle ERP Cloud Solutions to help streamline and optimise their business processes,” said Murali Prakash, Director MillenniumIT ESP and Group Managing Director/Chief Executive Officer Ambeon Group. “By modernising ERP in the cloud platform, HNBA’s teams can now free themselves from routine transaction processing and devote more time to working as strategic partners to the business, helping the management make more informed decisions.”
Mr. Prakash further stated “Being a Platinum level member of the Oracle Partner Network for more than a decade and having understood the business capabilities it brings to organizations, I am pleased to state that implementing this solution within a short timeframe of just 7 weeks was indeed an accomplishment.”
“Oracle is uniquely positioned to deliver end-to-end solutions that clients need in order to fully embrace its cloud capabilities. Therefore, we felt that through this operation, it was mandatory to establish industry best practices by connecting existing applications while improving productivity and decision-making as quickly as possible so that clients do not lose out on business opportunities and continue to have flawless business continuity. I am proud to state that with the implementation of the Oracle Cloud ERP solution at HNBA, we have achieved these objectives both efficiently and effectively”, Mr. Prakash concluded.
“I am pleased to note that the HNB Assurance Finance Team together with MillenniumIT ESP and Oracle jointly achieved the implementation of the Oracle Cloud ERP platform in the short time period of 7 weeks, making it a record-breaking achievement,” said Deepthi Lokuarachchi, Managing Director/CEO HNB Assurance. “I wish to thank the teams at MillenniumIT ESP, Oracle and HNB Assurance Finance for their individual and collective efforts which made this implementation possible during a period coinciding with the year-end financials. My sincere congratulations to everyone who worked tirelessly for this achievement,” he added.
MillenniumIT ESP is a subsidiary of Ambeon Holdings PLC, a medium sized conglomerate reputed for its market dominance in the areas of financial services, manufacturing, real estate, technology and strategic investments. The Company is one of Sri Lanka’s leading information systems solutions providers delivering IT solutions for many industries; including banks and finance, telecommunications, apparel and leading conglomerates. Solutions provided by the Company include Core Infrastructure, Information Security, Business Collaboration, Near-Field Communications, Business Productivity, Cloud, Networking and Managed Services. The Company also boasts about the several global partnerships with leading firms including Oracle, Microsoft, IBM, Dell, Hitachi, Cisco and Infosys. It has also received several excellence, innovation and performance-based awards across various markets for its services around the globe.
About Oracle Cloud
Oracle Cloud is the industry’s broadest and most integrated public cloud. It offers best-in-class services across software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS), and even lets customers put Oracle Cloud in their own data center. Oracle Cloud helps organisations drive innovation and business transformation by increasing business agility, lowering costs, and reducing IT complexity. Oracle Cloud today conducts 34 billion transactions a day supporting 70+ million users. It runs in 19 strategic data centers around the world.
About HNB Assurance (HNBA)
As a subsidiary of Hatton National Bank PLC; an internationally acclaimed commercial bank in Sri Lanka, HNB Assurance PLC is a leading life insurance service provider in the country, with a wide spectrum of solutions in its portfolio ranging from individual life policies to corporate life policies and Takaful services.