The AMA Education Group (AMA), the pioneering and largest ICT university in Asia, has decided to replace its outdated financial system with Oracle E-Business Suite. AMA faced challenges as its corporate growth and restructuring activities rendered their present financial system unable to cope with new demands and requirements. The current system was also unable to provide reliable support, and made it difficult for AMA to upgrade or re-implement other applications or technology.
AMA needed an enterprise system that could grow when rolled out across the company's diversified interests. Oracle E-Business Suite is a comprehensive, industry-focused suite of business applications for the enterprise. It is an integrated and scalable solution that can be rapidly implemented. The entire AMA education system will implement a centralized, financial system through a 'shared services' environment that utilizes the Financial Shared Services capabilities of Oracle E-Business Suite, along with Purchasing and Inventory modules. Adopting the shared services delivery method, AMA also expects to benefit from the other capabilities of Oracle E-Business Suite to achieve significant cost savings, generate accurate financial reports, access timely and consistent information, provide better customer service, and provide a consolidated end-to-end view of AMA's diverse lines of business. After a successful implementation of the Financial System, a roll-out into a shared service model for AMA's franchisees is also expected to take place. AMA has chosen to implement the applications solutions through distributor Active Business Solutions, Inc.