Mitsubishi Electric Automotive India Invests in Oracle® Applications for Better Decision Making


REDWOOD SHORES, Calif., Jan. 29 // -- Mitsubishi Electric Automotive India Private Limited (MEAI) has selected the Oracle(R) E- Business Suite to help the company make better, more informed decisions. MEAI also expects to improve online and real-time accounting processes through close integration with its existing Oracle systems at MEAI's parent company in Japan. MEAI will use the Oracle E-Business Suite for original equipment parts ordering, financial accounting, generating real-time reports and analysis and managing quarter-end and year-end accounting processes.

"After meeting all of our requirements, we selected the Oracle Enterprise Resource Planning (ERP) applications to help us make better and more informed decisions and improve the efficiency and cost-effectiveness of our business operations, " said MEAI Managing Director Mr. Shigeru Matumoto. "Additionally, 'Kaizen' and 'Muda' concepts can be enforced more efficiently as a result of the Oracle implementation, and we'll be better equipped to integrate our overall business processes."

MEAI chose the Oracle E-Business Suite as the company's existing production control system is based on Oracle technology. MEAI plans to deploy Oracle Procurement, Oracle Financial Management, Oracle Order Management and Oracle Warehouse Management among other modules as a part of this implementation.

With the Oracle E-Business Suite, MEAI should now be able to:
o Streamline operations and enhance efficiency of its business processes
o Include Indian specific tax requirements in its financial accounting
o Close financial books within 6 days compared to the earlier 12 days
o Provide availability and sharing of data across the organization, and
eliminate disparate software, business process and practices

Customers and media looking for information are encouraged to attend Oracle's "Applications Unlimited" program launch scheduled for January 31st - February 1st. This global launch will highlight the release of 5 new products and is being held on 6 continents around the globe in 24 hours. In addition to hearing about Oracle's applications strategy and new releases, Oracle senior executives will discuss Oracle's next-generation technology and applications. For more information and to find an event near you, please visit: http://www.oracle.com/events/applications-unlimited/index.html.

About MEAI

Mitsubishi Electric Automotive India Pvt. Ltd. (MEAI) is a 100% owned subsidiary of Mitsubishi Electric Corporation (MELCO), Manufacturing Distributors, Electronic Control Unit (ECU) and Alternators for cars using MELCO advanced technologies.

MEAI was established in 1998 at Chennai as a joint venture company between Mitsubishi Electric Corporation - holding 74% shares & Mitsubishi Corporation holding balance 26%. The total capital investment was Rs.70 millions. MEAI shifted to its existing plant at Manesar, Distt-Gurgaon in order to be in the close vicinity of its main customers, MARUTI & HONDA, so as to service them even better. The capital investment is Rs.190 millions currently. The Company is targeting massive growth in near future.

About Oracle

Oracle Corporation (NASDAQ:ORCL) is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com/.

Trademarks

Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

Source: Oracle

CONTACT: Jessica Epple, +1-650-506-8741, or jessica.epple@oracle.com, or Susie Penner, +1-650-506-1973, or susanne.penner@oracle.com, both of Oracle

Web site: http://www.oracle.com/
http://www.oracle.com/events/applications-unlimited/index.html

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