JAKARTA, 22 July 2008 – PT. Bussan Auto Finance (BAF), o­ne of the leading multifinance companies in Indonesia, today announced that the company has chosen various components of Oracle Applications through Sigma Solusi Integrasi to address the increasing complexity of the financial and procurement process and compliance requirements.

BAF has selected applications including Oracle Financials, Oracle Purchasing, Oracle expenses, and Oracle Inventory.  Oracle Applications is part of an integrated applications suite of comprehensive enterprise applications that run o­n an open architecture to provide the strongest strategic road map for the company. Oracle solutions enable BAF with effective business operations and reduce operation expenditure to achieve the highest cost-effective business operation.

BAF will be more effective in delivering innovative services for their clients by restructuring its complex procurement process. Furthermore, BAF will increase their ability to answer the demand of compliance in global operations, such as Sarbanes Oxley and GAAP for their accounting practices.

BAF has selected Oracle Applications as it is recognized as being ‘best-in-class’, with pre-configured asset management methodology and software solution that uses proven best-practice techniques to help maximize returns, strengthen compliance, and reduce costs. Oracle also ensures the technology invested by the company is protected with a comprehensive, well-defined product roadmap, backed with Oracle's Lifetime Support and Applications Unlimited policies.

The implementation will be carried out by PT. Sigma Solusi Integrasi, a certified Oracle Partner in Indonesia. PT Sigma Solusi Integrasi, part of Sigma group, a service provider company that provides innovative business solutions which is trusted by the well-known multifinance company, BAF, to be its partner in implementing the Business Suite Human Capital Management and Financial Management Solutions module. Both products are from the international IT vendor, Oracle. Sigma Solusi Integrasi’s (SSI) selection to be the implementer of the Oracle E Business Suite Human Capital Management and Financial Management Solution cannot be separated from the company’s track record in 9 years, which shows the company’s success in a number of industries in Indonesia. The partnership with Oracle has substantially increased both companies’ strength in supporting the success of this mutual partnership.

“Sigma is proud to take part in BAF’s success through the implementation of business solutions that is very relevant to recent business needs. For Sigma, this is accordance with our vision to deliver IT benefits for both our partners and clients,” said Djarot Subiantoro, President Director PT Sigma Cipta Caraka.

Andre Kurniawan, BAF IT General Manager said, “We believe that this strategic implementation and partnership with Sigma & Oracle gives us great performance as well as control when dealing with our large number and rapid growing transactions. BAF has implemented good corporate governance through internal control to comply with Sarbanes Oxley Act 404 and BAF will ensure stable compliance to maintain company’s credibility by using Oracle application. Flexible but simple solution is also our consideration in order to deliver better service to our customer. “

“Oracle Applications is a very comprehensive, integrated solution portfolio for managing all aspects of business from major business process such as finance to the smallest operations,” said Rajendhiran Sanggaran, Senior Director, ASEAN, Commercial Accounts, Oracle Asia Pacific  “We are confident that BAF will benefit from Oracle’s scalable applications solution as it grows and expands with their business, thanks to its underlying architecture. With these applications, BAF will be able to answer increase in regulatory pressures, complex business operations, and rising demand for innovative customer service. They deliver a powerful combination of technology and comprehensive, pre-integrated business applications, including key functionality built specifically for an industry.”

About PT Sigma Cipta Caraka
PT Sigma Cipta Caraka, which has become part of PT Telekomunikasi Indonesia since early 2008, is an innovative business solutions provider using Information Communications Technology (ICT) for over 20 years.  PT Sigma Cipta Caraka is an Indonesian-based company currently employing more than 700 professional staff.

SIGMA is committed to delivering the benefits of technology to communities.  In seeking innovative solutions to changing requirements, SIGMA has been at the forefront in providing IT solutions for the industries the company serves.

SIGMA offers comprehensive technology services consisting of software products, applications, software development services and data center operation in the financial, including the commercial and shariah banking, telecommunications, manufacturing and distribution industries.

SIGMA Solutions are implemented by more than 150 banking corporations in Indonesia and scores of financial/multi finance institutions as well as major companies in the telecommunications, manufacturing and distribution industries.

SIGMA has gone international with the implementation of SIGMA Solutions in several countries.

About Oracle
Oracle (NASDAQ: ORCL) is the world’s largest enterprise software company.  Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners. For more information about Oracle, please visit our Web site at http://www.oracle.com.

The profile of PT Bussan Auto Finance
http://www.baf.co.id/index.php/section/profile

Oracle in Financial Services
http://www.oracle.com/industries/financial_services/index.html