Project Finance
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DBE’s 3rd Quarter Meeting Held
Third Quarter Management Members Meeting of the Development Bank of Ethiopia /DBE/ held on 11 & 12 of May 2019 at the Ministry of Trade and Industry Conference Hall.
Opening the speech, President of the Bank, Ato Haileyesus Bekele said this meeting will mainly discus on the third quarter and nine months performance Report of the Bank and from the discussion important inputs will be gathered for the next year plan preparation.
Following the remark, three selected districts namely Addis Ababa, Mekelle and Wolayita Sodo districts as well as third quarter performance report at the corporate level was presented by responsible working units and important discussion was held.
The Report covered the change related activities, credit operations, financial, HR and other function’s performance of the Bank for the third quarter and nine months, problems encountered, corrective measures taken, strengths and weaknesses observed and the way forward.
According to the Report, the credit operations performance of the Bank for this quarter is better than the previous year same period. Overall, the Bank registers satisfactory level performance by approving birr 2.79 billion, disbursement of birr 2.2 billion and collection of birr 1.62 billion both in project and lease financing.
The Bank also sold Grand Renaissance Bond amounted to birr 278.39 million during the quarter.
The Reform Plan of the Bank and the International Financial Reporting Standards /IFRS/ activities was also presented during the second day of the meeting and discussed in detail for the next subsequent action.
President of the Bank, Ato Haileyesus Bekele finally said the Bank is undertaking transformation initiatives both in internal capacity and external consultants and every individual in the Bank should collaborate for the successful achievement of the reform plan including IFRS, work aggressively to improve loan collection, bond sale and minimize NPLs by half at the end of this budget year.
Bank’s ERP Project Office gives workshop on Oracle HR Self Service Module-
Following the go-live of EBS modules that are in the Bank’s ERP Project implementation scope the ERP Project Office has organized a workshop on Oracle HR Self Service Module to directorate employees under Vice President Corporate Services, that is, HRM, Property & Facility Management, ITS and Research and Project Data Management Directorates.
As implied form its name the module, Oracle HR Self Service Module, empowers employees and managers to access and update their own information on-line to facilitate paperless environment, reduce wait time and streamline process; as such it is going to be used by all employees of the Bank for it has functionalities that are linked to each employee:
- View and update Personal Information,
- View Employment and Other related details,
- View Payroll Payslip,
- Capture Transfer Request,
- Update Educational and Qualification Status,
- Submit Grievance to HR Manager,
- Upload Pertinent Document.
Thus, the workshop is intended to give an overview of theses functionalities of the module including how to login and access the system so that employees can start using it, and for that end the project office will continue organizing similar workshop for employee under the other VPs as well.
The project office is with the conviction that making use of the implemented functionalities of the HRSS module will have paramount importance in transforming the Bank’s community in to a techno-savvy society, as the time demands too.
EBS Payroll Module is Ready for Business Use
The Bank ERP Project Management Office (PMO) has announced it has published Payroll Module and made ready for business use. Accordingly, HRM Directorate in collaboration with the PMO and the implementer company will process employees’ payroll through this module as of March 2019.
Payroll Module is one of the modules in HRM track in Oracle e-Business Suite (EBS) where the other modules in the Bank’s ERP Project implementation scope viz: CoreHR and Self-Service have been already put in production or are in use.
It is a standard in Oracle ERP System in particular in EBS that all modules to work in an integrated fashion as such the payroll module is fully integrated with the above mentioned HRM modules as well as Finance Modules and Supply Chain Management (SCM) modules for ease of tracking employees’ related data be it Bio, Job Position, Asset at hand, Salary, etc.
EBS payroll module is also interfaced with the Bank’s Core Banking System to transfer Employees’ net pay through an out-bound interface and loans & other deductions from the Core Banking System to the EBS system through an in-bound interface.
Finally, all employees’ payroll data are seamlessly posted to the Bank’s master GL i.e. EBS GL. The payroll module is going to be rolled-out in phase to branches however currently implemented in HO and East, West, North and South Addis Branches.
In compliance with Project Management Standard, Key Users from HRM Directorate and PMO have tested all the implemented functionalities of the payroll module and proofed that it meets the Bank’s requirements for the module. Besides, the Bank’s IT Steering Committee has endorsed the UAT completion report of payroll module by the PMO.
It is to be known that the HRM Directorate generates different kinds of reports related to payroll where pay slip is one of it, and the Consumer Loan Management Team of HRM Directorate prints this report and distribute for HO employees through their respective directorates.
However, the PMO has implemented this pay slip as part of the EBS Payroll module that is accessible through the HRM Self-Service module. Therefore, the PMO is planning to give an overview workshop on Self-Service Module just cluster wise starting from employees in VP Corporate Service. It is based on this premises that the GO-LIVE of the Payroll module is a turning point for making use of Self-Service Module with added features.
