HR Applications Specialist - Oracle HRMS & OD (Human Resource) at Meezan Bank Ltd. in Human Resources at Meezan Bank Limited (10,001+ employees employees)

Use Cases and Deployment Scope

I am a frequent user of FLEXCUBE, I use it to make development to automate the existing manual processes within the organization. Oracle Application is currently used for various purposes such as HR Module, Payroll Module, and procurement module and makes integration with the other applications/software for the enhancement of the processes.

Pros

Core banking functionality.
Data privacy and regulatory.
Biometric face recognition.

Cons

Need effort for regression testing and impact analysis.
Improved on the UX side of the branch channels.
Agility in case of multiple customization.

Most Important Features

Flexibility of customization.
Interoperability option.
Performance and accuracy of the system.

Return on Investment

Wholesale banking for cash trade.
Payments of cash.
Treasury and lending.

Alternatives Considered

Finastra Fusion Treasury and SAP for Banking

Other Software Used

OMS Office Master System, Finastra Fusion Treasury, Oracle Cloud HCM

Muhammad Adil Mujeeb View profile

Senior System Analyst in Information Technology at United Bank Limited (1001-5000 employees employees)

Use Cases and Deployment Scope

After version 14.4 of Oracle FLEXCUBE, it was the best option for our financial institute. It covers universal parameters of our business needs plus retail banking operations. It is a very stable and trusted architecture banking system. It's easy to use and customization is not a big problem. Learning to develop new functionality according to your business is a big key factor that comes naturally to even people who are not tech-savvy.

Pros

Retail banking.
API integration.
Customization flexibility.
User experience.

Cons

Cloud base system.
Customer support.
Data migration.

Most Important Features

Reliable
Robust
Easy customization

Return on Investment

Increased customers.
Fast processing.
Easy to customize.

Alternatives Considered

Temenos Transact - Core Banking

Other Software Used

Temenos Infinity, Temenos Payments, Oracle API Manager

Verified User

Consultant in Professional Services (51-200 employees employees)

Use Cases and Deployment Scope

I support users of Oracle FLEXCUBE, most of my clients are primarily financial institutions. I have also implemented the solutions across banks in the African region. Oracle FLEXCUBE has been the choice for many financial institutions in the [region] due to the fact that it [addresses] both the basic operations and complex operations of banking. It is a robust system, multi-lingual and in terms of the technology stack, it stands as one of the best amongst core banking applications.

Pros

Scalability
Multi Lingual
The modules covers all areas of banking
Integration with other solutions

Cons

Reducing complexity with installation
Reducing bugs especially those that have existed across the many different versions over the years.
Providing a more standardized way of treating common errors e.g ED-12001

Most Important Features

User Friendly
Scalability
Its robust integration options

Return on Investment

Increase in customer base
Huge impact on turnaround time when serving customers
Availability and Repiability of the solution

Alternatives Considered

Oracle WebLogic Application Server, Oracle Database and Oracle Analytics Server (formerly Oracle BI Foundation Suite)

Other Software Used

Microsoft 365 (formerly Office 365), Notepad++, Oracle SQL Developer

Verified User

Manager (51-200 employees employees)

Pros

Parameterised
Flexible product set-up
Multiple modules available
User-friendly

Cons

Improve workflow for frontline user
Established own implementation resource rather than use a partner
It would be good if Oracle maintained a local support office in Cambodia

Return on Investment

A little bit of high-cost investment in both hardware and license
High maintenance cost
Even at the high cost it has the capacity and allows the bank to integrate with other systems and enable us to go into the Cambodian market faster.

Verified User

Manager in Finance and Accounting (1001-5000 employees employees)

Pros

It's adaptability is useful, and it's customization perform well.
It is generally reliable.

Cons

It is utterly non-intuitive and not user-friendly for the front-end user. This applies to v.11.
Customization, though reliable, is costly.
Millennials have a hard time to adapt to it given that they are used to the intuitive app world.

Return on Investment

Reliable.
Needs onsite support, which tends to be expensive.

Alternatives Considered

PeopleSoft Financials

Other Software Used

PeopleSoft Financials, Blue Prism, Tableau Desktop

Temenos Transact - Core Banking

MX Technologies

Alacra now part of NICE Actimize

Oracle FLEXCUBE

What is Oracle FLEXCUBE?

Categories & Use Cases

Most Frequent Users

Professional, Scientific, and Technical Services

Health Care and Social Assistance

Information

Reviews

Use Cases and Deployment Scope

Pros

Cons

Most Important Features

Return on Investment

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Most Important Features

Return on Investment

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Most Important Features

Return on Investment

Alternatives Considered

Other Software Used

Pros

Cons

Return on Investment

Pros

Cons

Return on Investment

Alternatives Considered

Other Software Used

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