Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > MAJOR SOFTWARE UPGRADES DON’T HAVE TO BE EXPENSIVE
    Technology

    MAJOR SOFTWARE UPGRADES DON’T HAVE TO BE EXPENSIVE

    MAJOR SOFTWARE UPGRADES DON’T HAVE TO BE EXPENSIVE

    Published by Gbaf News

    Posted on November 28, 2013

    Featured image for article about Technology

    By Vince Blockley, Head of Customer Support at Crocus Consulting

    Crocus Consulting is an Oracle Gold Partner and the UK’s most experienced PeopleSoft consultancy. Motivated by the pressures of the current economic back-drop on our clients, we recently saw an opportunity to use this experience to develop a cost-effective alternative for delivering inexpensive software upgrades to major corporations.  The solution was to develop a dedicated upgrade laboratory which could update client’s systems inexpensively and with minimum disruption.

    Vincent Blockley

    Vincent Blockley

    As a unique resource, the laboratory can carry out successful upgrades for Oracle PeopleSoft Financials, HCM or Global Payroll systems at a fraction of the cost previously required. Typically the systems that require upgrading are found in some of the UK’s leading banking and financial institutions, many of whom use Crocus for a wide range of IT support services and consultancy. Crocus is also the company of choice for American and other overseas corporations seeking to update their systems in keeping with European employment laws, tax regimes and compliance standards.

    The relatively recent launch of Oracle PeopleSoft version 9.2 has really driven interest in upgrades and our laboratory resource. We have just announced, therefore, that this version is now available through the upgrade lab. When users are ready to make the move, Crocus consultants analyse an organisation’s system upfront and give the users a fixed price for the upgrade.

    Having agreed the scope and rationale for the upgrade, Crocus will take secure copies of their PeopleSoft Financials, Payroll or HCM systems to the Upgrade Laboratory to have their system upgraded to this latest version through a risk-free, non-disruptive process. Through the laboratory approach these upgraded files are then returned to the user for their own internal testing and deployment. This is done without any interference to normal working practices. Crocus Consulting can also host the new version for users seeking to reduce the cost of ownership. Simply put, the new scheme represents a painless, low-cost route for those users who are keen to ensure that their PeopleSoft systems are kept up to date. For users with international operations Crocus is also able to add in the latest language packs.

    Crocus is able to mix and match the way that it performs the upgrades. It will for example take into account how much technical involvement the customer wants. The real cost saving to the customer comes from Crocus doing all the technical heavy lifting and upgrading the system in situ, whilst leaving the data intact as the system is rebuilt around it. Upgrading PeopleSoft systems this way has slashed the costs by up to half.

    Crocus believes that by upgrading, users not only benefit from the latest features and security standards of Version 9.2 but that they also have the potential of integrating with Oracle’s new OBIEE analytics product set. This will ensure that not only are users operating with the latest technology in place but that they are also able to use OBIEE to boost decision making and business process optimisation. It is also an ideal platform should the users wish to consider Oracle’s latest Fusion products.

    Spending time with customers and understanding what they really want from a software version upgrade clearly makes sense. The main driver for change is nearly always the need to be on a credible platform and supported version of the software. Customers will also acknowledge that the latest software version will be more compliant and less exposed to security vulnerabilities if sitting on the more advanced technology platforms. If you are a Global Payroll customer staying on a supported version becomes a necessity.

    So with the new methodology in place, upgrading PeopleSoft systems to the latest release is not as expensive as many customers first thought. But it’s not just a matter of budget. Although IT budgets are under pressure, our customers are also looking for quality of delivery and operational certainty once the upgrade is complete. It is a virtuous circle therefore that in having the quality of consultants with the experience to drive such upgrades successfully; it also ensures that the cost-effective upgrades supplied can meet quality criteria laid down by customers in advance. There is no reason of course why this approach could be expanded to other vendors market and it could be we consider IBM projects for example in time.

    By Vince Blockley, Head of Customer Support at Crocus Consulting

    Crocus Consulting is an Oracle Gold Partner and the UK’s most experienced PeopleSoft consultancy. Motivated by the pressures of the current economic back-drop on our clients, we recently saw an opportunity to use this experience to develop a cost-effective alternative for delivering inexpensive software upgrades to major corporations.  The solution was to develop a dedicated upgrade laboratory which could update client’s systems inexpensively and with minimum disruption.

    Vincent Blockley

    Vincent Blockley

    As a unique resource, the laboratory can carry out successful upgrades for Oracle PeopleSoft Financials, HCM or Global Payroll systems at a fraction of the cost previously required. Typically the systems that require upgrading are found in some of the UK’s leading banking and financial institutions, many of whom use Crocus for a wide range of IT support services and consultancy. Crocus is also the company of choice for American and other overseas corporations seeking to update their systems in keeping with European employment laws, tax regimes and compliance standards.

    The relatively recent launch of Oracle PeopleSoft version 9.2 has really driven interest in upgrades and our laboratory resource. We have just announced, therefore, that this version is now available through the upgrade lab. When users are ready to make the move, Crocus consultants analyse an organisation’s system upfront and give the users a fixed price for the upgrade.

    Having agreed the scope and rationale for the upgrade, Crocus will take secure copies of their PeopleSoft Financials, Payroll or HCM systems to the Upgrade Laboratory to have their system upgraded to this latest version through a risk-free, non-disruptive process. Through the laboratory approach these upgraded files are then returned to the user for their own internal testing and deployment. This is done without any interference to normal working practices. Crocus Consulting can also host the new version for users seeking to reduce the cost of ownership. Simply put, the new scheme represents a painless, low-cost route for those users who are keen to ensure that their PeopleSoft systems are kept up to date. For users with international operations Crocus is also able to add in the latest language packs.

    Crocus is able to mix and match the way that it performs the upgrades. It will for example take into account how much technical involvement the customer wants. The real cost saving to the customer comes from Crocus doing all the technical heavy lifting and upgrading the system in situ, whilst leaving the data intact as the system is rebuilt around it. Upgrading PeopleSoft systems this way has slashed the costs by up to half.

    Crocus believes that by upgrading, users not only benefit from the latest features and security standards of Version 9.2 but that they also have the potential of integrating with Oracle’s new OBIEE analytics product set. This will ensure that not only are users operating with the latest technology in place but that they are also able to use OBIEE to boost decision making and business process optimisation. It is also an ideal platform should the users wish to consider Oracle’s latest Fusion products.

    Spending time with customers and understanding what they really want from a software version upgrade clearly makes sense. The main driver for change is nearly always the need to be on a credible platform and supported version of the software. Customers will also acknowledge that the latest software version will be more compliant and less exposed to security vulnerabilities if sitting on the more advanced technology platforms. If you are a Global Payroll customer staying on a supported version becomes a necessity.

    So with the new methodology in place, upgrading PeopleSoft systems to the latest release is not as expensive as many customers first thought. But it’s not just a matter of budget. Although IT budgets are under pressure, our customers are also looking for quality of delivery and operational certainty once the upgrade is complete. It is a virtuous circle therefore that in having the quality of consultants with the experience to drive such upgrades successfully; it also ensures that the cost-effective upgrades supplied can meet quality criteria laid down by customers in advance. There is no reason of course why this approach could be expanded to other vendors market and it could be we consider IBM projects for example in time.

    Related Posts
    Treasury transformation must be built on accountability and trust
    Treasury transformation must be built on accountability and trust
    Financial services: a human-centric approach to managing risk
    Financial services: a human-centric approach to managing risk
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    How Integral’s CTO Chidambaram Bhat is helping to solve  transfer pricing problems through cutting edge AI.
    How Integral’s CTO Chidambaram Bhat is helping to solve transfer pricing problems through cutting edge AI.

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Technology PostCOMBATING THE RISE OF CYBER SECURITY
    Next Technology PostFORTINET’S FORTIGUARD LABS REVEALS TOP 4 SECURITY PREDICTIONS FOR 2014

    More from Technology

    Explore more articles in the Technology category

    Why Physical Infrastructure Still Matters in a Digital Economy

    Why Physical Infrastructure Still Matters in a Digital Economy

    Why Compliance Has Become an Engineering Problem

    Why Compliance Has Become an Engineering Problem

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    How Nclude.ai   turned broken portals into completed applications

    How Nclude.ai turned broken portals into completed applications

    The Silent Shift: Rethinking Services for a Digital World?

    The Silent Shift: Rethinking Services for a Digital World?

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    View All Technology Posts