24 October 2017
visit www.atos.net

Bank of America picks Oracle cloud for ERP and financial applications

27 June 2017  |  2609 views  |  0 Source: Oracle

Oracle (NYSE: ORCL) announced today that Bank of America (NYSE: BAC) has selected Oracle’s cloud-based ERP and financial applications for both its international general ledger and its broker-dealer systems.

Oracle is the world leader in Cloud ERP systems. The company now has more than five thousand Fusion Financial cloud applications customers installed worldwide.

“Bank of America is among the most sophisticated applications customers in the world,” said Mark Hurd, CEO, Oracle. “Companies in record numbers are migrating legacy ERP applications to Oracle ERP Cloud. Oracle will deliver Bank of America the most modern, complete, global ERP applications in the world.”

“Our continued focus on technology modernization has positioned Bank of America as a contemporary technology company,” said Cathy Bessant, Chief Operations and Technology Officer. “Our agreement with Oracle is about our technology and culture; we’ll learn with and from each other to deliver the best solutions. We anticipate 80 percent of our technology workloads will be delivered on the cloud within the next few years, and this solution for general ledger reflects our evolving strategy and the improvements in cloud security and economics.”
 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.niceactimize.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20592 views comments | 31 tweets | 44 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15555 views comments | 24 tweets | 33 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11172 views comments | 12 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job