‘A weblog is a hierarchy of text, images, media objects and data, arranged chronologically, that can be viewed in an HTML browser.’
Source
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There are many different blogs differing not only in the content but also in the way they are written and the way the message is delivered. Blogs used by organizations are known as Corporate Blogs.After searching the Internet, I have found that more than 12% of the Fortune 500 companies blog externally. Market research done in the first half of 2006 indicated that 34% of large companies had established weblogs. Another 35% planned to do so by the end of 2008, thus bringing the total to nearly 70%. However there are many advantages and dis-advantages of organizations using blogs.Advantages -:
- Leaders can communicate directly with customers, suppliers and investors, as well as employees, helping disseminate and explain strategies. Blogs create a friendly ambience for company members where detailed description about almost anything can be shared.
- People are far more likely to give great feedback if they know someone specific is listening. The power of these feedback loops can generate big benefits for the organization.
- They boost your search engine rankings if you add fresh content on a regular basis. Google and other search engines rewards sites that are updated often, that link to other sites and most importantly, that has many inbound links.
Dis-Advantages -:
- There are plenty of areas of business where people are judged on their knowledge, and the competitive edge - and thus the safety of everyone's jobs - is the thickness of a single good idea. Sharing it all on a weblog, with competitors or (worse) an office rival is not really wise.
- Blogs make many organizations look like disorganizations, with multiple tones and opinions. Contrary to what some might think, the average customer prefers it if the organization they are about to purchase from is at least somewhat coherent.
- Even if senior managers trust staff not to give away the company's commercial secrets - and many don't - there are still enough worries about libel and (for publicly listed companies) stock market disclosure rules to have the legal department waking in sweats for months to come.
To view and example of an active organizational blog click here
| Public (BSE: 532466; NSE: OFSS) | |
| ISIN | |
|---|---|
| Industry | IT services, IT consulting |
| Founded | 1990; 29 years ago |
| Headquarters | Mumbai, India |
Key people | Derek Williams, Harinderjit Singh, Richard Jackson, Robert K. Weiler, Shankar Venkatachalam, Chet Kamat, Samantha Wellington William Corey West (Directors)[1] |
| Services | IT, business consulting and outsourcing services |
| Revenue | ₹45.27 billion (US$650 million) (2018)[2] |
| 8,818 (March 2017)[3] | |
| Parent | Oracle Corporation |
| Website | oracle.com |
Oracle Financial Services Software Limited(ofss) is a subsidiary of Oracle Corporation. It is an IT solution[buzzword] provider to the banking industry. It claims to have more than 900 customers in over 145 countries.[4] Oracle Financial Services Software Limited is ranked[clarification needed] No. 9 in IT companies of India and overall ranked No. 253 in Fortune India 500 list in 2011.[5]
- 1History
History[edit]
Part of Citicorporation (I-Flex Solutions)[edit]
There was a company of CITIBANK in 1990 named as CitiCorp Oversea Software Ltd., (later known as i-flex in world market). Over a period of time, another(?) company was merged into it and new company was started named as Citicorp Information Technologies Industries Ltd was formed. (CITIL) out of COSL and named Rajesh Hukku to head CITIL[citation needed]. While COSL's mandate was to serve Citicorp's internal needs globally and be a cost center, CITIL's mandate was to be profitable by serving not only Citicorp but the whole global financial software market. Largely known as i-flex and then eventually renamed to Oracle Financial Services Software
Early history[edit]
CITIL was started with universal banking product named as MicroBanker (which became successful in some English speaking parts of Africa and other developing regions over the next 3–4 years) and the retail banking product Finware[citation needed]. In the mid-90s, the firm developed Flexcube (stylized FLEXCUBE) at its Bangalore Centre. After the launch of Flexcube, all of CITIL's transnational banking products were brought under a common brand umbrella. Subsequently, company's name was changed to i-flex Solutions India Ltd.,
Oracle Corporation[edit]
Oracle purchased Citigroup's 41% stake in i-flex solutions[buzzword] for US$593 million in August 2005, a further 7.52% in March and April 2006, and 3.2 per cent in an open-market purchase in mid-April 2006[citation needed].
Oracle Flexcube
On 14 August 2006, oracle financial services announced it would acquire Mantas, a US-based anti-money laundering and compliance software company for US$122.6 million. The company part-funded the transaction through a preferential share allotment to majority shareholder Oracle Corporation.
On 12 January 2007, after an open offer price to minority shareholders, Oracle increased its stake in i-flex to around 83%.[6]
On 4 April 2008, Oracle changed the name of the company to Oracle Financial Services Limited.[7]
On 24 October 2010, Oracle announced the appointment of Chaitanya M Kamat as Managing Director and CEO of Oracle Financial Services Software Limited. . The outgoing CEO and MD, N.R.K.Raman retired from these posts after 25 years of service.
Now Oracle Financial Services Software Limited is a major part of Oracle Financial Services Global Business Unit (FSGBU) under Harinderjit (Sonny) Singh who is the Vice President & Group Head of Oracle FSGBU World Wide[8].
Flexcube Software
Products and services[edit]
Oracle Financial Services Software Limited has two main streams of business. The products division (formerly called BPD – Banking products Division) and PrimeSourcing. The company's offerings cover retail, corporate and investment banking, funds, cash management, trade, treasury, payments, lending, private wealth management, asset management and business analytics. The company undertook a rebranding exercise in the latter half of 2008. As part of this, the corporate website was integrated with Oracle's website and various divisions, services and products renamed to reflect the new identity post alignment with Oracle.
Recently, Oracle Financial Services launched products for Internal Capital Adequacy Assessment Process, exposure management, enterprise performance management and energy and commodity trading compliance.
The company promotes its BPO business process outsourcing business via its subsidiary Equinox Corporation which is based in Irvine, California.
See also[edit]
References[edit]
Flexcube Core Banking Manuals
- ^'Company info'. www.oracledeb.com. oracle. 2013. Retrieved 2013.Check date values in:
|accessdate=(help) - ^'Archived copy'. Archived from the original on 5 July 2012. Retrieved 9 July 2012.CS1 maint: archived copy as title (link)
- ^http://www.oracle.com/us/industries/financial-services/ofss-q4fy17-pr-3718561.pdf
- ^'Oracle Financial Software Limited website'.
- ^'Fortune India 500 complete list'(PDF). Fortune Indis. Archived from the original(PDF) on 3 January 2012. Retrieved 18 December 2011.
- ^Oracle stake in i-flex rises to 53% after revised offer, The Economic Times (21 January 2007)
- ^'Archived copy'. Archived from the original on 13 May 2008. Retrieved 23 January 2011.CS1 maint: archived copy as title (link)
- ^'Oracle Financial Services Board of Directors'. Retrieved 1 April 2019.