Here’s a conundrum for the CFO. You give the green light for the company to invest more than US$774,000 on a software suite that is meant to strengthen controls in financial management and procurement, as well as enhance the quality and delivery times of financial reporting.
Why Oracle? The CITIC group had opted to use Oracle’s ERP system, and so it made sense for CITIC Telecom to build Oracle EBS on top of that stack. The linkage between procurement and financial systems was also a plus. In addition, “we wanted a system that has a large [capacity for] database management,” says Lee.
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