INVESTBANK to install latest Oracle EBS Banking Services

INVESTBANK joined forces with Savvytek, the International leading provider of IT solutions, to implement the Oracle E-Business Suite (EBS) applications version R12. This version consists of Oracle Financials (General Ledger, Accounts Payable, Fixed Assets, Human Resource Management System (HRMS), (Oracle Payroll, Employee Self-Service) and  the integration with Flexcube Core Banking.

INVESTBANK Chief Executive Officer, Mr. Muntaser Dawwas, expressed that the implementation of the Oracle EBS will positively  contribute to the bank’s operational business and performance as well as aid in building the bank’s staffing capacity .

"The application of this program will enable INVESTBANK to make decisions and implement activities efficiently based on accurate analytical reports with minimum risk” Dawwas pointed out.

Meanwhile, Savvytek President, Mr. Mohammad Tahboub, said: "By adopting these applications, INVESTBANK has made an unprecedented achievement in the Kingdom. Savvytek is pleased to mark this achievement in its successful course with INVESTBANK who is one of our clients well-known for its commitment and clear vision."