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Oracle Applications are available to implement as a complete suite or incrementally by module. Based on the market-leading Oracle Database 10g and deployed on the Internet using the secure, robust Oracle Fusion Middleware, Oracle Applications provide a single, easy-to-use system for the management of the entire asset lifecycle.
Key features for public-sector organisations include:
• A central asset register providing a single and up-to-date source of asset data
• A Web-based architecture allowing employees and external parties to access the system securely from any Web-enabled computer or device
• Full financial management features including value and depreciation tracking
• Configurable to meet local legislative and compliance requirements
• Delivers the ability to budget, plan, predict, track, analyse and adjust asset spend
• Full asset lifecycle management from procurement to disposal
• Low overall cost of ownership
Saudi's Saline Water Conversion Corporation (SWCC) is one of the leading public-sector entities in The Kingdom of Saudi Arabia that has implemented this comprehensive asset management system, linking 27 desalination plants via online business processes.
"Following an exhaustive market review, we selected Oracle as a long-term technology partner based on the integrated and complete nature of the Oracle E-Business Suite, as well as the strength and market reach of Oracle's operations in Saudi Arabia," said Loay Musalem, Director of IT at SWCC.
There is a close relationship between government-owned assets and the citizens who make use of them. Whether it is state-owned housing, park benches or lampposts, government organisations need to be able to respond to citizen enquiries, problems, requests and complaints relating to the asset portfolio.
Oracle Customer Relationship Management (CRM) applications allow them to do this in a way that is completely integrated with the rest of the asset management lifecycle. For example, a contact centre agent using Oracle Service can gain immediate access to asset information in the central asset register upon receiving a call from a citizen, and thus provide relevant, timely and useful information relating to the asset in question.
Effective financial management
With assets usually representing the second-largest cost area for any government organisation, effective financial management is key to ensuring a good return on investment and the most efficient use of taxpayers' money. Oracle Financials, widely used in the public sector, provides a suite of financial management, analysis and planning software that allows for sophisticated asset tracking and accounting and the identification of areas for potential cost savings.
Efficient and cost-effective management of assets can only come from having an integrated and standard computer system that can handle all aspects of asset management from procurement to disposal, and which integrates with all other computer systems in which assets are represented.
Oracle is addressing this need with the comprehensive asset lifecycle management functionality in the Oracle E-Business suite. The world's first Web-enabled suite of enterprise resource planning applications, Oracle Applications provides integrated software modules to manage assets in a holistic manner throughout the lifecycle, including:
• Planning and Budgeting
• Procurement
• Construction
• Maintenance/Service
• Collections/Customer Service
• Compliance & Legal
• Financial Accounting including Value Calculation and Depreciation
• Property Management
• Analysis
Public-sector organisations clearly face many challenges as they struggle to maintain a balance between asset serviceability and expenditure. The asset management functionality in Oracle Applications is helping central and local government organisations to manage properties, plant and other assets in an efficient, well-planned, compliant, accountable and cost-effective manner.
Oracle Middle East
