Oracle to supply automated system to Russian Treasury

A contract for the development and implementation of the Federal Treasury Automated System under the Russian Federation Treasury System Modernisation project was signed last month between the Federal Treasury of the Russian Federation and the consortium of Oracle Corporation and Oracle Nederland BV.

Oracle was selected as the prime contractor for the provision of the application software to be based on the Oracle e-Business Suite. Oracle will be working with a number of Russian partners who have a proven success in large-scale public sector projects.

The Federal Treasury Automated System will provide automated budget execution and business processes within central, regional and local offices. A unified automated system will be based on the Oracle e-Business Suite and Remote Financial Documents Flow System (SUFD), developed on the Oracle Database.

The project is expected to cover 367,000 workplaces and will include over 30,000 users at all levels of the Federal Treasury, Russian Federation Ministry of Finance and Audit Chamber.

Additionally, 337,000 other users who deal with budgets in the federal, Russian Federation member territories and municipal governments' level are scheduled to benefit from the system.

Oracle Applications, including the Oracle e-Business Suite, enable information-driven business processes that connect and automate an organisation. Developed to deliver business insight, adaptive industry processes and a superior ownership experience, Oracle Applications enable efficient management of all core business functions, including customer interactions, financial management, HR and supply chain management.

"With our local partners, we look forward to providing the Russian Federal Treasury with a superior system," Sergio Giacoletto, executive vice-president, Oracle Europe, Middle East and Africa, said. "Russia is a growing economy and information technology can play a significant role in making the country more competitive."

The project, which starts this month, is funded by the World Bank and co-financed from the funds of the Russian Federation budget.

Oracle and its partners will provide staff training services as well as the necessary licenses. The contract follows an open tender, which began in June 2004, with bids evaluated by both the Federal Treasury and the World Bank.