Cambridge may sue Oracle, KPMG for failed system

Cambridge may sue Oracle, KPMG for failed system -...

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Cambridge may sue Oracle, KPMG for failed system By Laura Rohde November 9, 2001 10:02 am PT THE UNIVERSITY OF Cambridge in the United Kingdom is considering possible legal action against Oracle and KPMG Consulting for a faulty computer system that the university estimates it spent $13 million installing, with the aid of the two companies. According to two reports published by the University of Cambridge last week, it spent five years and more than twice as much money than it had budgeted on a computerized financial system, which it calls its CAPSA (commitment accounting software system) project, that still does not produce quarterly statements to the university's satisfaction. And though the report primarily blames the university's management for the problems with CAPSA, it also found fault with some of its outside vendors, including Oracle and KPMG. "CAPSA has caused much pain and inconvenience. It has cost a lot of money, damaged the integrity of the university's financial processes, and soured relationships between academics and administration," the report said. "Any major enterprise system of this size is going to have problems. We have been working with Oracle for the past 12 months. Some bugs remain but much fewer than there once were, and in the future there will be fewer still," Andrew Reid, the newly hired director of finance at Cambridge, told the IDG News Service in a telephone interview on Friday. According to Reid, the most persistent and problematic area of the CAPSA system is with the research
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This note was uploaded on 02/23/2012 for the course COMP 553 taught by Professor Ajay during the Spring '12 term at Ill. Chicago.

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Cambridge may sue Oracle, KPMG for failed system -...

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