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Oracle Delivers Industry’s Only Cloud-Based SaaS Solution for Core Administration and Digital Engagement with Healthx

Mon, 2017-10-30 08:00
Press Release
Oracle Delivers Industry’s Only Cloud-Based SaaS Solution for Core Administration and Digital Engagement with Healthx

Redwood Shores Calif—Oct 30, 2017

Today Oracle announced a global collaboration with Healthx Inc., a leader in cloud-based digital engagement solutions for healthcare payers and other stakeholders. The collaboration offers health plans and other healthcare payers the industry’s first and only 100 percent cloud-based software-as-a-service (SaaS) solution for core administration and digital engagement.
 
Designed from the ground up to be a SaaS, cloud-powered solution, the combination of Oracle and Healthx’s technology expertise provide functionality, scalability and security at a level previously unavailable to the market.
 
“The combination of Oracle health insurance cloud services and Healthx capabilities creates a unique offering for healthcare payers,” said Sean Downs, CEO for Healthx. “For the first time ever, healthcare payers can now power their entire enterprise operations through the cloud on a SaaS platform. This integrated solution will drive both administrative and medical cost savings for payers while providing the industry’s best digital experience for their members and providers.”
 
This solution covers end-to-end core administration capabilities including membership management, enrollment, authorizations, claims adjudication, value-based payments, claims analytics, digital self-service, digital payer/provider/patient collaboration and mobile member engagement.
 
“Healthx’s digital engagement platform combines the configurability and proven scalability that our customers demand,” said Vice President of Oracle Financial Services Global Business Unit, Srini Venkat. “When combined with Oracle Health Insurance Cloud Services, health plans can seamlessly connect, activate and engage their members and providers.”
Contact Information
Alex Moriconi
Oracle Corporation
 +1-650-607-6598
 
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.
 
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.
 
About Healthx, Inc.
At Healthx, we put our nearly 20 years of industry experience and best practices to work to serve the needs of more than 190 healthcare payers representing 25 million members and 700,000 providers. We develop and implement secure, cloud-based member-centric digital portals that connect payers with members and providers. We partner with health plans and third-party administrators to build comprehensive, configurable solutions that improve clinical, operational and financial performance. Through our platform, our customers can engage members and providers, close gaps in care, achieve regulatory compliance, improve quality ratings and reduce costs. Our customers achieve a rapid return on investment by moving more transactions from costly channels to efficient online portals. For more information, visit www.healthx.com. Follow Healthx on Twitter, LinkedIn and Facebook.
 
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
 
Safe Harbor
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

Oracle Health Sciences Collaborates with dMed in China to Enhance Pharmacovigilance Management with Oracle Health Sciences Argus Safety

Sun, 2017-10-29 11:23
Press Release
Oracle Health Sciences Collaborates with dMed in China to Enhance Pharmacovigilance Management with Oracle Health Sciences Argus Safety

Suzhou, China—Oct 29, 2017

Today Oracle announced that is collaborating with dMed in China as rapidly emerging local Chinese biopharma companies look to meet growing regulatory compliance and safety management requirements but do not have the resources, systems and skills in-house to do so.

There is an increase in clinical trials in China, deepening regulatory reform at CFDA, and China’s new membership at ICH. All of these changes have heightened the importance of global alignment on clinical development and post approval responsibilities. One of the areas lagging is drug safety and pharmacovigilance. This has resulted in the strong need for a reliable drug safety database that helps meet international safety standards.

“This is why dMed decided to work with Oracle Health Sciences,” said Dr. Lingshi Tan, Chairman and CEO, dMed Biopharmaceutical Co., Ltd. “The Oracle Argus Safety system enables our Pharmacovigilance experts to provide comprehensive case management and safety reporting services. The ability of accessing a reliable drug safety database helps customers meet international safety standards and make better safety decisions.”

“We are pleased to announce our collaboration with dMed Biopharmaceutical Co., Ltd as an Argus Safety customer in China. dMed has right drug safety surveillance and pharmacovigilance professionals who can make best use of our system to support product safety monitoring in compliance with local and global regulatory requirements,” said Mr. Steve Rosenberg, senior vice president and general manager of Oracle Health Sciences. “We believe there will be fantastic synergy between dMed’s in-depth knowledge in pharmacovigilance and Oracle’s comprehensive pharmacovigilance platform.”

By collaborating with Oracle Health Sciences on business process services, dMed aims to help its clients to optimize global compliance and integrate risk management into key processes. Local sponsors such as Hua Medicine, Zai Lab and others are leveraging these services and the Argus platform to meet their Safety and compliance requirements.

Contact Info
Valerie Beaudett
Oracle
+1.650.400.7833
valerie.beaudett@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle, please visit us at www.oracle.com.

About dMed Biopharmaceutical Co., Ltd

dMed, http://www.dmedglobal.com/), a clinical development services and solutions provider based in China that partners with both local and global pharmaceutical, biotech and medical device companies, is now an Argus Safety Business Process Service (BPS) partner for deployment of latest Argus multi-tenant bilingual system. Its services include scientific, strategic, regulatory and quality assurance related consultation for clinical development and product registration; clinical trial design and execution; clinical data management, biostatistics and programming, medical writing, pharmacovigilance and risk management; and clinical trial quality assurance and inspection readiness.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Valerie Beaudett

  • +1.650.400.7833

Oracle Hospitality Ushers Sports and Entertainment Marketplace to the Cloud

Wed, 2017-10-25 08:00
Press Release
Oracle Hospitality Ushers Sports and Entertainment Marketplace to the Cloud Fan Experience Taken to a Whole New Level Thanks to Next Generation Point-of-Sale, Venue Management Software and Strategic Relationships and Integrations

Redwood Shores, Calif.—Oct 25, 2017

With advanced and powerful new products and services ranging from next generation POS technology to integrated loss prevention and data science cloud services, major companies across the sports and entertainment marketplace continue to find a foundation for innovation with Oracle Hospitality.

The combination of cloud-based food and beverage management software and ruggedized mobile POS from Oracle Hospitality enables sports and entertainment venues, such as stadiums and theme parks, to increase speed of service, maximize operational efficiency, and manage loyalty and season-ticket holder programs—all while receiving detailed real-time reporting and analytics.

“Oracle Hospitality’s proven track record and commitment to the sports and entertainment marketplace is evident by our progress in product innovation,” said Dan Bell, Vice President, Sports & Entertainment, Oracle Hospitality. “Oracle is investing millions in R&D and support to enable venue operators to deliver the service that fans want and expect. Our food and beverage platform scales to support the largest sporting and entertainment venues and offers the ability to conduct iterative innovation through cloud deployment to improve the overall fan experience.”

Research conducted by Oracle Hospitality makes it abundantly clear what fans want: speed and reliability. Forty-five percent of fans around the world had abandoned lines at events because the wait was too long. The Simphony Cloud platform can reduce waiting time with high-performance cloud POS delivered on integrated hardware for kiosks and mobility. Oracle Hospitality’s flexible Gift & Loyalty solution integrates with the POS to support fan recognition and personalization. An integrated back office suite offers cloud solutions designed to minimize costs, waste, and theft while delivering extensive reporting capabilities.  

In addition to driving more personalized fan experiences, Oracle Hospitality also provides stadiums with tools to optimize event-day operations from beginning to end through Simphony Venue Management, which can track inventory and food costs, and Simphony Suites Management, which can help streamline production of advance food orders, pantries and the timed distribution of orders to event suites.

Product and Service Innovation

Oracle Hospitality also continues to release significant new products and services to support ongoing customer innovation and fan engagement, including:

  • The launch of the Oracle MICROS 720 tablets—durable and rugged mobile POS engineered for hospitality and large venue environments;
  • The launch and integration of Oracle Hospitality Data Science Cloud Services—on-demand data mining services that give operators access to the latest machine-learning tools to help improve forecasting and deliver up- and cross-selling insights directly on the POS terminals;
  • Powerful new reporting capabilities with Oracle Hospitality Reporting and Analytics 9.0 – operators can take advantage of an extended reporting platform, from KPIs via dashboards on mobile devices to comprehensive pivot tables and drill-down analysis. Reporting and Analytics offers the power of Oracle Business Intelligence at no charge for users of Simphony Premium;
  • The launch of Oracle Hospitality Simphony Cloud 2.9—extending the core functionality of the Simphony food and beverage management platform with new events management enhanced functionality that is optimized for the sports and entertainment industry.

Industry-wide Domain Expertise and Insight

With more than 35 years of experience in the sports and entertainment space, Oracle Hospitality understands the complexities that comprise this unique environment. We share this insight through providing original research to our customers, partners and the industry, to shed light on fan and guest trends and opportunities. Recent reports include the Oracle Hospitality Fan Experience Report, which details how consumers want technology to fuel their experience at sporting and concert venues, and the Oracle Hospitality Restaurant 2025 Report which outlines how consumers expect new and innovative technologies to reinvent their hospitality experience by the year 2025.

From stadiums to theme parks, the cloud-based delivery of the Simphony platform combined with extensibility and integration capabilities, allow the sports and entertainment industry to continuously innovate the experience for fans and guests at events and concerts. The inclusion of new apps and trends is key. In the past 12 months, Oracle Hospitality has added additional value to the Simphony platform through a variety of strategic relationships and integrations, including with QikServe and FreedomPay.

Contact Info
Judi Palmer
Oracle PR
+1.650.784.7901
judi.palmer@oracle.com
Patty Oien
Blanc & Otus
+1.510.303.7289
patty.oien@blancandotus.com
About Oracle Hospitality

Oracle Hospitality brings 35 years of experience in providing technology solutions to food and beverage operators. We provide hardware, software, and services that allow our customers to deliver exceptional guest experiences while maximizing profitability. Our solutions include integrated point-of-sale, loyalty, reporting and analytics, inventory and labor management, all delivered from the cloud to lower IT cost and maximize business agility.

For more information about Oracle Hospitality, please visit www.Oracle.com/Hospitality About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Judi Palmer

  • +1.650.784.7901

Patty Oien

  • +1.510.303.7289

Oracle Recognized as a Leader in Sales Force Automation Solutions by Gartner

Wed, 2017-10-25 07:00
Press Release
Oracle Recognized as a Leader in Sales Force Automation Solutions by Gartner Positioned as a leader for its ability to execute and completeness of vision

Redwood Shores, Calif.—Oct 25, 2017

Oracle today announced it has been named a leader in Gartner’s 2017 Magic Quadrant for Sales Force Automation. The company was recognized for its ability to execute and completeness of vision.

Sales force automation has long been viewed as a sales management tool, with features and functionality designed primarily around the needs of sales professionals. However, as customer behavior evolves, legacy sales technology has grown outdated and less effective. Designed to serve the needs of today’s empowered customer, Oracle Sales Cloud enables sales professionals to engage customers earlier and accelerate and close deals using a complete, innovative and proven sales solution.

“Customers today have information at their fingertips and require real-time support and service. As such, delivering a responsive customer experience is more important than ever,” said Stephen Fioretti, vice president, CX Engagement Solutions at Oracle. “Oracle Sales Cloud helps businesses thrive in this modern sales environment by leveraging innovative technologies, such as artificial intelligence (AI) and data to create a smarter sales experiences for sales teams and customers. We believe Gartner’s recognition of Oracle’s position as a leader in this space showcases our commitment to helping our customers achieve measurable sales results.”

According to Gartner, vendors positioned as leaders have the ability to execute their vision through products, services and demonstrate solid business results in the form of revenue and earnings. Leaders have significant successful customer deployments in North America, EMEA and Asia/Pacific in a wide variety of industries, and with multiple proof points for deployments above 500 users. They also consistently demonstrate above-average customer experience satisfaction.

Oracle Sales Cloud is part of Oracle CX Cloud Suite. Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences and achieve predictable and tangible business results. The Oracle CX Cloud Suite includes Oracle Commerce Cloud, Oracle Marketing Cloud, Oracle Sales Cloud and Oracle Service Cloud.

Download the Gartner’s 2017 Magic Quadrant for Sales Force Automation report here: http://bit.ly/2xMdoww

Gartner Disclaimer
Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Contact Info
Simon Jones
PR for Oracle
+1.415.856.5155
sjones@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Simon Jones

  • +1.415.856.5155

Oracle Recognized as a Leader in Independent Analyst Report on Sales Force Automation

Wed, 2017-10-25 07:00
Press Release
Oracle Recognized as a Leader in Independent Analyst Report on Sales Force Automation Oracle Sales Cloud positioned as a leader and cited for its broad portfolio of selling applications all on a common platform

Redwood Shores, Calif.—Oct 25, 2017

Oracle today announced it has been named a leader in sales force automation solutions in a report from Forrester Research. The Forrester Wave™: Sales Force Automation Solutions, Q2 2017 recognized Oracle for its “broad portfolio of selling apps on a common platform”—the report also noted that “Oracle extends the platform for a wide array of verticals, allowing AD&D professionals to shorten their time-to-value across these applications.”

According to Forrester, the biggest pain point around legacy sales force automation has been its negative impact on productivity, primarily due to the amount of manual data entry required by end users. Oracle Sales Cloud, available via any device and integrated directly with key applications, eliminates these legacy challenges by enabling sales professionals to easily input and access all the information they need to engage customers earlier and accelerate and close deals using a complete, innovative and proven sales solution.

“Sales professionals across industries and business models are faced with the heightened needs of empowered buyers, who require responsive, engaging and intelligent customer experiences,” said Stephen Fioretti, vice president, CX Engagement Solutions at Oracle. “Integrating cutting edge technology such as AI, Oracle Sales Cloud helps sales professionals address these needs to elevate customer engagements and drive competitive differentiation. I believe that being positioned by Forrester as a leader in this space further demonstrates Oracle’s commitment to helping our customers achieve superior sales results.”

Of the 10 vendors Forrester evaluated for sales force automation, Oracle Sales Cloud was among three companies recognized as a leader across 35 criteria, which were grouped into three categories of current offering, strategy and market presence. Oracle was cited for the strength of its balance of solution breadth, horizontal innovation and industry specialization.

Oracle Sales Cloud is part of Oracle CX Cloud Suite. Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences and achieve predictable and tangible business results. The Oracle CX Cloud Suite includes Oracle Commerce Cloud, Oracle Marketing Cloud, Oracle Sales Cloud and Oracle Service Cloud.

Download The Forrester Wave™: Sales Force Automation Solutions, Q2 2017 report here: http://bit.ly/2yQgLrb

Contact Info
Simon Jones
PR for Oracle
+1.415.856.5155
sjones@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Simon Jones

  • +1.415.856.5155

Wyevale Garden Centres to Enhance the Customer Experience with the Oracle Retail Stores Suite of Solutions

Tue, 2017-10-24 08:00
Press Release
Wyevale Garden Centres to Enhance the Customer Experience with the Oracle Retail Stores Suite of Solutions Specialty UK Retailer to Deploy Modern Omnichannel Platform

Redwood Shores Calif—Oct 24, 2017

Today, Oracle announced that Wyevale Garden Centres (“Wyevale”) has invested in the Oracle Retail Stores suite of solutions including the latest version of Oracle Retail Xstore Point-of-Service, Oracle MICROS Hardware and Oracle Retail Customer Engagement with Oracle Retail Consulting. This significant investment builds on the relationship between Oracle Retail and Wyevale as the brand transitions from MICROS solution Retail J to Oracle Retail Xstore Point-of-Service. Wyevale is a well-respected chain of 149 garden centers throughout England and Wales and is the largest garden center group in the U.K.

“Oracle Retail Xstore Point-of-Service will deliver a substantially improved experience for both customers and colleagues and is the foundation for our future development of an integrated omnichannel platform. With the migration, we look forward to taking advantage of the benefits of the integration and modern functionality of the Stores Suite with the Oracle MICROS hardware,” said Andrew Parr, IT Director, Wyevale Garden Centres.

“Oracle Retail Consulting has been working hard to create a rapid deployment model for our Oracle Retail Stores Suite of Solutions. We are committed to Wyevale’s success from pilot through the rollout,” said Lou Frio, Vice President, Oracle Consulting.

“We are thrilled with the expansion of our partnership with Wyevale. Our hardware and software are engineered to work better together. We have integrated design and user experiences that give consistent content delivery across multiple devices, from tablets to workstations to empower associates and consumers,” said Ray Carlin, Senior Vice President and General Manager, Oracle Retail.

Contact Info
Judi Palmer
Oracle PR
+1.650.784.7901
judi.palmer@oracle.com
Patty Oien
Blanc & Otus
+1.510.303.7289
patty.oien@blancandotus.com
About Oracle Retail

Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware that are engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Judi Palmer

  • +1.650.784.7901

Patty Oien

  • +1.510.303.7289

Cloud Communications Critical to Delivering Stellar Customer Experiences and Growth, but Many Companies Behind the Deployment Curve

Mon, 2017-10-23 07:00
Press Release
Cloud Communications Critical to Delivering Stellar Customer Experiences and Growth, but Many Companies Behind the Deployment Curve New Oracle study reveals that enterprises want a more agile approach but lack the expertise to deploy new communications technologies

Redwood Shores, Calif.—Oct 23, 2017

A new Oracle Communications study The Cloud Redefines Customer Experience revealed that enterprises view in-application communications technologies as critical to enhancing customer experiences and gaining a competitive edge and higher growth. While 65 percent of enterprise IT decision makers polled noted that embedded communications will become the dominant way of communicating with employees, suppliers and customers moving forward, nearly half (46 percent) noted they lack the expertise to deploy new communications technologies. 

View the entire survey here for more information.

Enterprises risk losing customers, revenue and competitive advantage if they don’t meet their customers’ expectations of engagement and experience. As such, enterprises are increasingly turning to cloud-based communications solutions to effect this change and achieve their business objectives, although many are still behind the curve when it comes to infusing critical communications capabilities into their business transactions. Industries including education, energy, engineering and construction, financial services, public sector, technology, healthcare/life sciences, hospitality and retail rated their companies “below a C” in this regard.

“Businesses are under increased pressure to accelerate digital change to improve customer experiences and employee productivity, all while lowering costs,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “Businesses need the agility to take advantage of the latest communications technologies—be they chatbots, HD Voice, HD video, screen sharing, and annotation—to achieve these objectives, but many lack the infrastructure and expertise to do so. The race is on for companies to quickly implement these technologies, and they are increasingly looking to the cloud to help them achieve success.”

The survey also found that:

  • Fast adoption means faster growth: Those that described their communications adoption culture as “Leader” or “Aggressive” tended to achieve a higher revenue growth rate relative to their plan (more than 10 percent).
  • Cloud drives better business outcomes: the majority of enterprises (74 percent) agreed that cloud-based communications are a key factor in achieving business objectives, and nearly three-quarters expect to accelerate the deployment of cloud-based communications technologies over the next five years. 65 percent agree that communications embedded within cloud applications will become the dominant way of communicating with employees, suppliers, and customers.
  • Adoption comes with specific benefits: Enterprises see benefits in using communications cloud services, including increasing flexibility, reducing costs, and increasing worker productivity.
  • Security remains a top concern: Even though security concerns are the number one barrier to adopting the cloud, 60 percent of respondents consider cloud-based communications more than or at least as secure as on-premises solutions.

The survey polled 323 enterprises IT decision makers with buying authority for communication hardware and software across North America. To learn more about how you can transform your enterprise through embedded communications technologies, visit here.

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Kristin Reeves
Blanc & Otus PR for Oracle
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.415.856.5145

Ribeiro Selects Oracle Retail to Anticipate Demand and Gain More Omnichannel Agility

Tue, 2017-10-17 08:00
Press Release
Ribeiro Selects Oracle Retail to Anticipate Demand and Gain More Omnichannel Agility Argentinean Hardline Retailer Improves Pricing, Replenishment and Centralized Management Capabilities

Redwood Shores, Calif.—Oct 17, 2017

Today, Oracle announced that Argentinian hardline retailer Ribeiro has selected Oracle Retail Merchandising, Planning & Optimization and Supply Chain solutions to empower operational discipline to attract, retain and serve their Omnichannel customers. Ribeiro is a family owned company offering household items and electronics that established operations in 1910. Today Ribeiro is managed by the third family generation that operates over 82 stores, the call center and a robust online presence. To stay relevant to the changing consumer, the company decided to modernize and incorporate more technology to anticipate consumer demand.

In this journey, Ribeiro realized the need to adopt worldwide best practices by replacing its’ proprietary legacy software, to allow the company to structure its Omnichannel operations, and integrate physical stores with e-commerce and the back office. After analyzing several market solutions, the company chose to extend its’ relationship with Oracle Retail. Ribeiro will implement Oracle Retail Allocation, Oracle Retail Replenishment Optimization, Oracle Retail Regular Price Optimization and Oracle Retail Store Inventory Management in a staged approach. In 2012 Ribeiro partnered with Oracle to drive growth in the online channel. Ribeiro implemented Oracle Commerce in less than 5 months with great results.

“We were looking for a tool that would allow us to act faster instead of building design interfaces with legacy systems. We needed to improve pricing, replenishment and centralized management to accelerate our response to customer demands. We considered Oracle Retail as the best solution in the market to help Ribeiro to address this challenge.” says Dan Attie, Commercial Director at Ribeiro.

The modernization of Ribeiro with Oracle Retail solutions is planned to simplify the reorganization of internal processes, allowing for the definition of pricing goals, commercial action planning and logistics management organization. The implementation will be delivered in stages by Oracle PartnerNetwork Gold Level Partners SkillNet and Veltio. The staged implementation will follow a prescriptive plan to minimize the impact on the company’s operations and maximize the return on their investment with Oracle.

“With this implementation, we will gain real-time control of our stores and we will ensure that the same information is shared throughout the company, giving us better decision-making process,” explains Attie.

“Our global consumer research, Retail in 4 Dimensions, shows that consumers are open to personalized shopping experiences, communications and tailored offers. We believe that inventory is fundamental to a personalized shopping experience,” said Ray Carlin, Senior Vice President and General Manager, Oracle Retail. “With this investment, Ribeiro will gain a single view of inventory to fully support the connected shopper experience.”

About Oracle Retail

Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware that are engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Oracle Defines Path to Open API Banking with an Unparalleled Array of Solutions

Mon, 2017-10-16 08:00
Press Release
Oracle Defines Path to Open API Banking with an Unparalleled Array of Solutions With regulation and competition challenging banks in unprecedented ways, Oracle offers one of the most comprehensive open API banking solutions

Redwood Shores Calif—Oct 16, 2017

In today’s economy, banks seek to adapt a more customer-centric business model by delivering new services with greater transparency. Traditional banks understand that they must equip themselves with digital capabilities to avoid being disintermediated by new players in the industry. Oracle’s open API banking solution set can help banks make the difference they need. Packaged and ready for integration with any financial institution’s tech ecosystem, Oracle’s  end-to-end solution is well suited for open API initiatives that require design, documentation, simulation, management, identity/security management and monetization backed by business analytics.
 
With both, the rise of fintechs and increased scrutiny from regulatory agencies dominating industry conversation, banks must look to embrace change rather than simply comply with it. This means going beyond acting as traditional banks and begin operating as ‘platforms’ that enable direct integration from third party applications. Open API protocols have even gained global prominence through region-specific initiatives that focus on end-customer benefits. PSD2 regulation in the European Union and initiatives by the Singapore Monetary Authority, U.K. Financial Conduct Authority and Australia Economic Committee are ongoing efforts to make open banking and open APIs standard.
 
This environment ushers an age of transparency that demands an open API architecture, which typically requires components from several vendors if it is to be executed successfully. Oracle today, eliminates the need of engaging with multiple vendors, and offers customers an end-to-end open API solution under one roof. It also provides the added benefit of an unparalleled hyper-connected experience.
 
“Times have changed and today, more than ever, a two-fold approach is necessary when implementing customer facing technology,” said Oracle Senior Vice President Chet Kamat. “Quite simply, the two aspects are acquiring plug-and-play lifecycle experience products—like mobile applications and omni-channel user experience solutions—and adopting open API banking. Oracle offers a solution versatile enough to cater to both these needs.”
 
Oracle’s open API banking solution enables financial institutions to roll out their API initiatives quickly. Banks can gain new revenue streams, rethink their operating and business models, all without disrupting their pre-existing tech architecture. This is made possible by the sheer breadth of offerings within Oracle’s toolset.
 
Oracle’s open API banking solution set includes:
  • Oracle Banking Digital Experience: This full spectrum multi-channel solution provides over 1000 fine grained APIs which can be leveraged for Open Banking.
  • Oracle Revenue Management and Billing: Allows the bank to price each API call based on rate plans blended with enterprise class relationship pricing. This provides a unique API monetization model for financial institutions.
  • Oracle Identity Cloud Service Management: A next-gen security and identity platform that helps banks define and manage their API security policy.
  • Apiary: This cloud banking platform can be leveraged to design, prototype, document and test APIs.
  • Oracle API Platform Cloud Service: Manages the entire API lifecycle beginning with design and standardization to documenting, publishing, and parameterization and testing of prototypes.
  • Oracle Banking Payments: With payments underlining most API regulations, banks need a robust payments engine to deliver rich payment experiences. Built grounds up on ISO20022 Oracle’s payments solution gives banks the ability to cater to rich API workloads.
Contact Information
Alex Moriconi
Oracle Corporation
 +1-650-607-6598
 
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.
 
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
 
Safe Harbor
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

Oracle Financial Services Transaction Filtering Now Available

Mon, 2017-10-16 08:00
Press Release
Oracle Financial Services Transaction Filtering Now Available Offering includes screening options for SWIFT, SEPA, ISO 20022 and more

Redwood Shores Calif—Oct 16, 2017

Announced today, Oracle Financial Services Transaction Filtering product is now widely available. The solution, which integrates tightly with Oracle Financial Crime and Compliance Management (FCCM), holds the sanctioned transactions in real-time with accuracy and efficiency. The offering enables compliance with current legal and regulatory requirements with the ability to filter against key watch lists—such as the U.S. treasury, European Union and United Nations—via pre-integrated Oracle architecture. Powering the FCCM suite is Oracle Financial Services Analytical Applications (OFSAA), a leading provider of financial crime, risk and compliance solutions.
 
Today’s financial climate demands evolved sanctions screening technology that not only narrows down false positives, but learns from previous instances. False positives can clog up banking systems and result in transactions remaining on hold until a full investigation has been conducted. When coupled with mounting regulatory obligations that levy sanction-based fines and penalties, instantaneous vetting is no longer a nice-to-have, but a necessity. While proper transaction filtering continues to be top-of-mind for financial institutions, many systems are marred by ineffectiveness and productivity hurdles.
 
“The release of our Transaction Filtering product re-affirms Oracle’s understanding that compliance and risk are of paramount importance to c-suites at financial institutions,” said Oracle Financial Crime and Compliance Management Vice President Sunil Mathew. “To operate smoothly, financial institutions need an integrated Financial Crime & Compliance solution; and there’s currently not an offering like ours that provides a complete package for fraud, crime and compliance.”
 
The demand for an integrated FCCM solution that combines everything from customer screening to AML and sanctions has grown. Oracle’s sophisticated matching algorithms and data management capabilities reduce the possibility of false positives while maintaining real-time detection standards and automatically generating an audit trail that denotes alterations (a regulatory requirement).
 
There are hundreds of transaction filtering compliance lists globally that change frequently, leaving companies struggling to find new innovative solutions to keep up with the changing regulatory landscape. Oracle’s solution monitors these regulations in all relevant jurisdictions and possesses the technological excellence to meet this challenge in an automated way with the launch of their Transaction Filtering product.
 
To learn more about Oracle Transaction Filtering please view our datasheet.
Contact Information
Alex Moriconi
Oracle Corporation
 +1-650-607-6598
 
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.
 
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
 
Safe Harbor
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

NetSuite Accelerates Business Expansion in EMEA

Mon, 2017-10-16 05:15
Press Release
NetSuite Accelerates Business Expansion in EMEA Leveraging Oracle Resources, NetSuite Adds More Capabilities to Help Ensure Customer Success

NEXT READY BUSINESS TOUR 2017, London—Oct 16, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today launched SuiteSuccess editions for Ireland and UK headquartered companies and announced more EMEA-specific product enhancements, more new offices in the region and more customer and partner wins. With the resources of Oracle, NetSuite is able to accelerate growth and product innovation, and strengthen its commitment to customer and partner success in the region.

“EMEA has long been a strategic region for NetSuite and a key factor in our growth,” said Mark Woodhams, VP EMEA for Oracle NetSuite. “With the backing of Oracle’s resources, we are doubling down on our commitment to the region to help ensure more customer and partner success.”

MORE LOCALISED FUNCTIONALITY

The new NetSuite OneWorld features unveiled today deliver more global financial capabilities to allow businesses in EMEA to gain greater financial control over intercompany accounting across multiple jurisdiction countries, improve auditing process, reduce financial close time, and provide businesses with an exceptional experience when conducting bank reconciliation. In addition, building on the momentum of localised product releases for the Nordics, Benelux, Southern Europe and Middle East headquartered companies, NetSuite not only released more localised functionality for existing customers across these regions, but launched NetSuite OneWorld localized features to help meet business requirements, tax and regulatory compliance in Spain and Portugal, allowing businesses in those countries to run their mission critical business processes in the cloud.

Read the full press release.

MORE SUITESUCCESS

NetSuite today announced the availability of SuiteSuccess, one of the first unified industry cloud solutions, for companies based in the UK and Ireland. SuiteSuccess gives customers access to leading industry practices, pre-built KPIs and dashboards, and a path to the cloud in as little as 100 days. The SuiteSuccess Financials First Edition and SuiteSuccess for Wholesale Distribution Industry Solution are the first SuiteSuccess solutions to be offered in the region.

Read the full press release.

MORE SUITECLOUD DEVELOPMENT NETWORK PARTNERS

NetSuite today announced significant expansion of its SuiteCloud Developer Network (SDN) programme, on a global basis. Under the initiative, NetSuite is increasing the growth of SDN partnerships with independent software vendors (ISVs) that build specialised and complementary solutions, to extend the NetSuite platform across more countries in EMEA, APJ and Latin America. NetSuite customers can benefit from the globalisation of SDN by gaining access to completely localised solutions that help meet local requirements. The SDN globalisation aligns with NetSuite’s own rapid acceleration of international growth.

By adding and expanding SDN partnerships around the world, NetSuite is driving partner development of add-on solutions, called SuiteApps, that enrich NetSuite with process- and industry-specific functionality localised to the unique requirements of individual countries. SDN partner SuiteApps with “last-mile localisation” give customers country-specific functionality for accounting standards, tax calculations, regulatory and reporting requirements, compliance, billing and prevailing business standards. The expansion also promotes development of SuiteApps that address unique needs in industry verticals and microverticals on a country and regional level.

MORE PARTNER SUCCESS

NetSuite continues to strengthen its channel in EMEA, adding new partners in the UK, Sweden, Finland, Belgium, South Africa, Middle East and more, to meet the growing demand for cloud ERP in the region. NetSuite announced today that SystemsAccountants, a leading specialist recruitment and resourcing solutions company, has joined the NetSuite Alliance Partner Program after having first-hand experience growing its own business as a customer.

Read the full press release on SystemsAccountants.

MORE CUSTOMER SUCCESS

EMEA-Based Customers Get Ready for Next with NetSuite
Many fast growing, innovative companies adopt NetSuite to ready themselves for next. Along with SystemsAccountants, other customers announced today include London-based home fashion label, Buster + Punch, and OSL Cutting Technologies, a manufacturer and importer of magnetic drilling machines and cutting tools.

Read the full press release on Buster+Punch.

Read the full press release on OSL Cutting Technologies.

MORE OFFICES, MORE COUNTRIES, MORE EMPLOYEES, MORE INFRASTRUCTURE

Delivering on its pledge to expand globally, NetSuite announced today that it has quadrupled the sales force in EMEA since January of this year. That investment includes direct sales forces in the Netherlands, Sweden and Germany, as well as direct sales forces in Dubai and Qatar to serve the Middle East and South Africa. NetSuite is also adding marketing and services personnel in the region and development staff to continue to localise NetSuite to address country- and region-specific requirements.

With the rapid expansion across Europe, NetSuite plans to build a data centre in Germany in the coming year to remedy the lack of modern cloud computing offerings in the country. NetSuite currently operates six data centres, four in North America, most recently opening a data centre in Chicago. In addition, NetSuite currently operates two data centres in EMEA, one in Amsterdam, Netherlands and one in Dublin, Ireland.

Contact Info
Sarah Heinz
Public Relations
+44 (0) 208 118 6013
OracleNetSuite@cmgrp.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.co.uk.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuiteEMEA Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Sarah Heinz

  • +44 (0) 208 118 6013

SystemsAccountants Supports Expansion into New Markets with NetSuite

Mon, 2017-10-16 05:00
Press Release
SystemsAccountants Supports Expansion into New Markets with NetSuite Recruitment and consulting leader also becomes NetSuite Alliance Partner

NEXT READY BUSINESS TOUR 2017, London—Oct 16, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce, today announced that SystemsAccountants, a leading specialist recruitment and resourcing solutions company, has chosen NetSuite OneWorld to underpin its global expansion. With new offices opening in Paris and New York, SystemsAccountants has moved to NetSuite’s cloud business platform to help it scale into new markets with ease.

SystemsAccountants’ previous systems were almost a decade old and based on manual input, making them unfit for its increasingly complex global business. By replacing its mid-office systems with NetSuite OneWorld, the company has gained a single platform which sits across its entire global business and allows it to quickly and easily manage the specific needs in each market. For instance, SystemsAccountants now has better capability to adapt to fast-changing US regulations in Chicago and New York, while also respecting local regulations in the Netherlands, France and the UK all on the same platform.

“After 20 years of serving everyone from FTSE 100 and Fortune500 companies to SMEs and NGOs, we are ready to take on new challenges in new markets” said Nicola Sutcliffe, Group Finance Director, SystemsAccountants. “With NetSuite OneWorld, we have gained a platform that can grow with us as we continue to expand and take on new customers.”

SystemsAccountants Becomes NetSuite Alliance Partner

SystemsAccountants increasingly serves businesses that are undergoing digital transformation and want to better integrate their IT and Finance departments as part of their transition. As a NetSuite Alliance Partner, SystemsAccountants can now deliver on this need with the same platform it is using to grow its business – NetSuite OneWorld.

Within two months of becoming a NetSuite Alliance Partner, SystemsAccountants had already secured its first customer, Cubico Sustainable Investments, a world leader in renewable energy infrastructure.

“SystemsAccountants is one of the leading companies going digital to transform its business and capitalise on new market opportunities. Who better then to help its own clients achieve their digital transformation goals with NetSuite OneWorld than an organisation that has seen the benefits first hand,” said Mark Woodhams, Managing Director EMEA at NetSuite.

SystemsAccountants Featured at the Next Ready Business Tour London

SystemsAccountants is the sole sponsor of NetSuite’s ‘Next Ready’ Business Tour’s London event, which will focus on how leading organisations are using the cloud to transform the way they work. The event is taking place today, October 16th, 2017, at the Park Plaza Westminster Bridge in London. To learn more, visit www.netsuite.com/nrbtlondon

Follow the discussions from the event on Twitter by tracking #NextStartsNow.

Contact Info
Sarah Heinz
Public Relations
+44 (0) 208 118 6013
OracleNetSuite@cmgrp.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.co.uk.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuiteEMEA Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Sarah Heinz

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From Garage to Global: Buster + Punch Chooses NetSuite Cloud

Mon, 2017-10-16 04:45
Press Release
From Garage to Global: Buster + Punch Chooses NetSuite Cloud SuiteSuccess Financials First and SuiteSuccess for Wholesale Distribution Industry Deliver Faster Time to Value and Increased Efficiency, Flexibility and Customer Success

NEXT READY BUSINESS TOUR 2017, London—Oct 16, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, announced today that London-based home fashion label, Buster + Punch, has chosen NetSuite OneWorld as the foundation to support its growth beyond Western Europe. With a B2C ecommerce website, showroom in London, retail store in Stockholm and over 71 stockists selling its select products across 27 countries, the company was ready for its next move to build a physical presence in the United States. With NetSuite OneWorld, Buster + Punch will be able to standardise, streamline and scale its operations across its multichannel business within one unified cloud solution to support this continued global growth.  

“Our business has gained massive popularity over the last couple of years. In order to keep up and continue to deliver the premium service and products our customers expect, we realised our back-end systems needed a revamp,” said Martin Preen, CEO, Buster + Punch. “NetSuite’s capabilities have the ability to make us smarter. With it, we will be able to manage our operations on a single platform, all while combining data from across our manufacturing plants in Asia, physical locations in Sweden and the UK, and from retail channels across the world, to get the insights we need to keep driving Buster + Punch forward with certainty.”

Architect and industrial designer, Massimo ‘Buster’ Minale, launched Buster + Punch in an East London garage in 2013. In a matter of two years, the company was selling its unique items to customers across 84 countries. Inspired by London’s distinctive fashion, music and sub-culture scenes, the company has quickly grown to create a wide range of products from lighting and home hardware to custom motorcycles, collaborating with street artists, bike builders, musicians and fashion designers. Those collaborations include a contemporary version of the Edison light bulb created with Rolls Royce, new packaging with renowned British design firm ILOVEDUST and a steel candle holder for chef Tom Seller’s FAT CANDLE dish, a beef fat candle created in homage to Seller’s father who saved the fat and juices from family lunches to eat later with bread.

Buster + Punch selected NetSuite OneWorld to provide it with a real-time view across its operations, from its manufacturing facilities and warehouses, to its supply chain and customer service. This will allow it to align its business across all markets and get products to customers faster and at a lower cost, all while maintaining the high product quality and service that have shaped its success to date.

With visibility across its entire global operation, Buster + Punch will have the ability to more precisely forecast product demand and consequently scale its manufacturing and delivery processes to prevent supply bottlenecks. Buster + Punch will also be able to use the data from the NetSuite OneWorld platform to successfully roll-out new product lines.

NetSuite OneWorld supports 190 currencies, more than 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries. Further, to help today’s B2B and B2C businesses with omnichannel commerce, NetSuite OneWorld delivers commerce-ready capabilities that can help both B2B and B2C commerce businesses to move from siloed online, in-store and phone consumer shopping channels to an integrated commerce solution, connecting ecommerce and in-store POS to order management, inventory, merchandising, marketing, financials and customer service, while delivering a seamless brand experience and exceeding customer expectations.

Contact Info
Sarah Heinz
Public Relations
+44 (0) 208 118 6013
OracleNetSuite@cmgrp.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.co.uk.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuiteEMEA Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Sarah Heinz

  • +44 (0) 208 118 6013

OSL Cutting Technologies Modernises with NetSuite OneWorld

Mon, 2017-10-16 04:30
Press Release
OSL Cutting Technologies Modernises with NetSuite OneWorld International manufacturer streamlines operations across complex business

NEXT READY BUSINESS TOUR 2017, London—Oct 16, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that OSL Cutting Technologies, a manufacturer and importer of magnetic drilling machines and cutting tools, has improved its on-time delivery, reporting and streamlined its financial operations with the implementation of NetSuite OneWorld in May 2017. OSL Cutting Technologies, a division of the OSL Group, is using NetSuite OneWorld to manage financials, multi-currency accounting and financial consolidation, Customer Relationship Management (CRM), email marketing and advanced manufacturing processes.

Amongst its market leading brands, OSL Cutting Technologies owns Rotabroach, G & J Hall and Taylor and Jones and has a more than 100-year history in the cutting technology industry. Based in Sheffield, England – the traditional heart of the steel industry in the UK, it manufactures drills, drill bits and related equipment and distributes to over 100 countries worldwide, to customers that range from small tools shops to large national distributors like Cromwell and Buck & Hickman. When the company acquired G & J Hall, a provider of specialist tools for the fabrication and engineering industries in 2015, it found itself struggling to manage its business in two separate systems. The multiple systems limited overall business visibility and impacted everything from managing sales teams to production to its two warehouses. Moreover, as the company expanded to launch a new subsidiary in the United States, it needed to account for the complexities of a new currency, taxation rules and additional financial consolidation.

The company considered consolidating on Efacs, the system used by G & J Hall, or Microsoft Navision, the system Rotabroach had implemented a few years earlier, but determined NetSuite would better suit its needs. Microsoft Navision didn’t have the manufacturing functionality the company needed, forcing it to do planning in Excel spreadsheets and the CRM functionality was limited. OSL Cutting Technologies determined NetSuite’s cloud-based architecture, unified platform and advanced manufacturing capabilities presented the best method to modernise its existing systems.

“NetSuite really took the time to understand our business and our needs,” said Graeme Swift, Operations Manager at OSL Cutting Technologies. “With the flexibility of NetSuite, I feel it can mold around any business model you can think of. We do more and more customisation every day. That’s what makes it so powerful.”

With on-site assistance from the NetSuite implementation team, OSL Cutting Technologies was able to combine the processes of the two companies into one on NetSuite OneWorld. As a result, the company has seen significant savings in the warehouse, where two separate teams had previously been working with paper-based pick and pack processes. Now, they receive automated orders in NetSuite via iPads. On-time delivery has improved from 85 percent to 95 percent, and the company has been able to reassign two members of the five-person team to other roles. Purchasing staff, who used to manage processes across as many as 10 different spreadsheets, now have real-time dashboards automatically displaying task lists, orders overdue and stock levels, while purchase orders can be created with the click of a button.

In finance, the two companies have now been consolidated into one. NetSuite OneWorld – with support for 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries – will allow OSL Cutting Technologies to quickly and easily set up its US operations as a subsidiary and expand into other regions as opportunities arise.

The sales team has also seen the benefits of the implementation with synchronisation between NetSuite OneWorld and its Outlook accounts and visibility across the customer record with a unified system. In manufacturing, OSL Cutting Technologies has real-time visibility into backlogs and bottlenecks, enabling the company to continue to innovate and improve on the manufacturing process.

Contact Info
Sarah Heinz
Public Relations
+44 (0) 208 118 6013
OracleNetSuite@cmgrp.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.co.uk.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuiteEMEA Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Sarah Heinz

  • +44 (0) 208 118 6013

NetSuite Announces SuiteSuccess for UK- and Ireland-based Companies

Mon, 2017-10-16 04:15
Press Release
NetSuite Announces SuiteSuccess for UK- and Ireland-based Companies SuiteSuccess Financials First and SuiteSuccess for Wholesale Distribution Industry Deliver Faster Time to Value and Increased Efficiency, Flexibility and Customer Success

NEXT READY BUSINESS TOUR 2017, London—Oct 16, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced the availability of SuiteSuccess, one of the first unified industry cloud solutions, for companies based in the UK and Ireland. SuiteSuccess delivers to customers leading industry practices, pre-built KPIs and dashboards, and a path to the cloud in as little as 100 days. The SuiteSuccess Financials First Edition and SuiteSuccess for Wholesale Distribution Industry Solution are the first SuiteSuccess solutions to be offered in the regions.

“SuiteSuccess has already proven to be incredibly popular with our customers and extremely valuable,” said Jim McGeever, Executive Vice President Oracle NetSuite. “We’ve entirely reimagined how to implement, support and optimise a cloud business solution. We’re pleased to now bring the first industry cloud solution to our customers in the UK and Ireland and introduce Financials First, our latest edition.”

SuiteSuccess is the culmination of a multi-year transformation effort to combine the NetSuite unified suite, 20 years of industry leading practices, a new customer engagement model, and business optimisation methods into a unified, industry cloud solution. SuiteSuccess was engineered to solve unique industry challenges that historically have limited a company’s ability to grow, scale and adapt to change. Most ERP vendors have tried to solve the industry solution problem with templates, rapid implementation methodologies, and custom code. NetSuite took a holistic approach to the problem and productised domain knowledge, leading practices, KPI’s, and an agile approach to product adoption. The benefits are faster time to value, increased business efficiency, flexibility, and greater customer success. To learn more about SuiteSuccess, please visit www.netsuite.com/suitesuccess.

The four key pillars of SuiteSuccess are:

  • BUILD. A complete suite to support the modern business including ERP, CRM, PSA, omnichannel commerce, HR, and Business Intelligence (BI) built on the NetSuite cloud platform, continually updated with leading edge capabilities and technologies to support all eight industries.
  • ENGAGE. Leading practices for each industry and role including workflows, KPI’s, reports, dashboards and metrics, with the flexibility to personalise on the NetSuite platform from the initial sales contact to ongoing support. With these leading practices, value is added at each stage of engagement.
  • CONSUME. Intelligent staged approach via NetSuite’s industry ‘stairway’ allows companies to consume capabilities based on their business needs. Re-imagined consumption model drives faster time to value, better ROI and greater user adoption. Companies can now go from zero to cloud in as little as 100 days.
  • OPTIMISE. Customers benefit from continuous engagement, updated leading practices, new feature releases, value added SuiteCloud partners, and movement up the stairway. Customers are also always on the latest release.

Financials First Provides Foundation for Cloud Expansion

The Financials First SuiteSuccess edition, available today, allows companies to quickly and easily transition from their legacy financials system to NetSuite’s cloud-based platform. With more than 40,000 organisations and subsidiaries as customers, NetSuite has extensive experience with moving companies across all sectors to the cloud. With Financials First, businesses can automate financial processes, speed month-end close, improve reporting and gain real-time visibility into the true financial status of the organisation – in as little as 100 days.

Financials First includes pre-defined roles, KPIs, dashboards and workflows, all designed with finance departments in mind. Of specific importance to UK and Ireland-based companies, the Financials First Edition also includes fixed assets electronic payments, enabling automated payments to reduce payment processing times, improve payment accuracy and timeliness and automated tracking of fixed assets to account for depreciation.

With a foundation in place for financials, customers can then progress through the NetSuite ‘stairway’, adding modules such as inventory management, ecommerce or industry-specific features. NetSuite customers running Financials First that plan to expand globally are immediately able to take advantage of NetSuite’s OneWorld global capabilities. NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries, enabling businesses to quickly and easily set up new subsidiaries.

SuiteSuccess for Wholesale Distribution Jump Starts Cloud Transitions in the UK, Ireland

One of the first SuiteSuccess solutions developed, SuiteSuccess for Wholesale Distribution is now available for customers in the UK and Ireland. It gives wholesale distributors a structured, agile path to the cloud enabling them to quickly and easily add features and modules as their business grows.

The key components of SuiteSuccess for Wholesale Distribution include:

  • Tailored roles with built-in workflows specific to wholesale distribution such as supply chain manager, warehouse operations and AP analyst.
  • Industry leading best practices built into the system spanning inventory utilisation and visibility, order orchestration and more.
  • More than 150 Pre-built KPIs and reports, giving wholesale distributors real-time insight into the business from Day 1.
Contact Info
Sarah Heinz
Public Relations
+44 (0) 208 118 6013
OracleNetSuite@cmgrp.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.co.uk.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuiteEMEA Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Sarah Heinz

  • +44 (0) 208 118 6013

NetSuite Unveils New OneWorld Features for EMEA Companies

Mon, 2017-10-16 04:00
Press Release
NetSuite Unveils New OneWorld Features for EMEA Companies New Features Give EMEA Companies Access to Country-Specific Business Requirements to Succeed in the Cloud

NEXT READY BUSINESS TOUR 2017, London—Oct 16, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced more NetSuite OneWorld features localised for EMEA headquartered companies. The new features unveiled today deliver the global financial capabilities to allow businesses to gain greater financial control over intercompany accounting across multiple jurisdiction countries, improve auditing processes, reduce financial close time, and provide businesses with an exceptional experience when conducting bank reconciliation. NetSuite additionally announced today new localized features in Spain and Portugal, to help meet country-specific business requirements and tax and regulatory compliance.

Already in use by more than 3,000 subsidiaries and legal entities of global companies running businesses across EMEA, NetSuite OneWorld, winner of the 2017 UK Cloud award for ERP Product of the Year, provides a unified and cloud-based suite of software that is flexible enough to meet the needs of diverse business models, legal structures and geographies. NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries.

EMEA Companies Receive More Global Financial Features for Operational Efficiency

Companies with headquarters in EMEA and local subsidiaries continue to confront challenges managing accounting across multiple countries while maintaining auditability. The new features released in NetSuite OneWorld give organisations across EMEA rich new capabilities, including book-specific intercompany journal entries, cross book reporting, deferred expense roll forward report, and GL audit numbering in searches and reports to fulfill Storno requirements for reversing transactions. The new features also improve auditability, giving companies even greater financial controls.

“With these new OneWorld features, companies in EMEA are reaping the benefits of NetSuite’s ongoing commitment to the region, now backed by the resources of Oracle,” said Craig Sullivan, Group Vice President of Product Development for NetSuite. “From dealing with the complexities of acting global in operating across multiple jurisdictions, to easier bank reconciliation, to being local and keeping up with the latest taxation and regulatory changes, NetSuite customers know they have a platform and partner that is ready to support their needs now for their next.”

Other features include country-specific support depreciation for Benelux companies and support for the EU Sales Listing for Belgium. For Middle East headquartered countries, NetSuite OneWorld includes new country-specific features, including support for the new Unified Value Added Tax (VAT) Agreement, set to take effect for Saudi Arabia and the United Arab Emirates (UAE) in 2018 with more Gulf Cooperation Council (GCC) countries expected to follow.

Additionally, NetSuite OneWorld has made significant additions to its bank reconciliation and transaction matching capabilities. As EMEA-based companies see increasing utilisation and modernisation of electronic banking systems and more complex reconciliation requirements, NetSuite OneWorld has delivered support for: industry-standard commercial banking statement formats including BAI2 and MT940 using ISO20022 (CAMT053.006.001); a new UI and side-by-side matching; an advanced transaction matching engine; and user-defined rules to support additional matching criteria. The new bank reconciliation provides an exceptional, modern user experience and is just the first in a number of advancements planned over the next few releases.

NetSuite Extends Localisations for Spain and Portugal

Leveraging Oracle’s global resources, NetSuite has accelerated business expansion into more and more countries throughout EMEA. Following recent announcements of new operations in the United Arab Emirates and South Africa, NetSuite has extended its product localizations and support for Spain and Portugal, where it currently has an expanding partner network, to include:

  • Country-specific indirect tax support for Spain – support for the new VAT management system (the SII) that went into effect in Spain 1 July, 2017. The new system requires companies to submit the VAT register books through the tax administration’s online platform on a real-time basis.
  • Country-specific indirect tax support for Portugal – support for the updated SAFT-PT requirement for Portugal. The latest release of NetSuite OneWorld includes localised features for Nordics-headquartered companies across indirect tax reports for EU Sales listing and Intrastat reports in Denmark and Finland, and support for the Swedish Svenska Enskilda Banken (SEB) payment format.
 

NetSuite OneWorld delivers a real-time, unified global business management platform for companies that manage multinational and multi-subsidiary operations and provides real-time visibility at the local, regional and headquarter levels. With NetSuite OneWorld, companies can easily manage multiple subsidiaries, business units and legal entities all from a single cloud-based ERP system, while seamlessly handling different currencies, taxation rules, compliance and reporting requirements. To learn more about NetSuite OneWorld, visit www.netsuite.com/portal/products/global-business-management.shtml

Contact Info
Sarah Heinz
Public Relations
+44 (0) 208 118 6013
OracleNetSuite@cmgrp.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.co.uk.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuiteEMEA Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Sarah Heinz

  • +44 (0) 208 118 6013

Oracle Utilities, Navigant Research Unveil Dual Innovation Blueprint Study for Utilities

Thu, 2017-10-12 06:45
Press Release
Oracle Utilities, Navigant Research Unveil Dual Innovation Blueprint Study for Utilities Utility executives worldwide share innovation best practices

Redwood Shores, Calif.—Oct 12, 2017

Oracle Utilities today unveiled a new research paper, titled ‘Utility Innovation Blueprint: How to Manage the Challenge of Dual Transformation,’ which explores how utilities can approach innovation across their people, processes and technology. Commissioned from Navigant Research, the paper combines short case studies with an action-oriented framework that offers a global perspective from executives interviewed in the United States, Europe, and Asia/Australia, across electric, gas, and water utilities. Participants included executives from Avista, Exelon, National Grid, UK Power Networks, Eesti Energia and Yarra Valley Water.

Historically, utilities have focused on core business objectives around safety, security, reliability and shareholder returns. However, massive disruption is currently occurring within the industry, with the advancement of distributed energy resources, IoT, big data and increasing customer expectations. These factors and more are signaling fundamental changes to business as usual. The new paper explains that simply knowing that disruption is coming is not enough. A blueprint for a new innovation path is required, one that needs to be agile and pragmatic.

The research takes a close look at a Dual Innovation Blueprint, a practice whereby a utility pursues two tracks simultaneously: one focuses on increasing the efficiency and resiliency of the core business, while the second centers around increasing agility to enable the iteration of new business models. 

Innovation Blueprint

While many industries have been faced with similar challenges, the approach detailed in the Navigant Research paper is a platform for innovation specific to the utilities industry, one that encompasses not only technology, but also the people and processes within the utility’s organization. According to the report, utilities looking to address innovation challenges should:

  • Adopt a set of processes that will optimize the success of innovation projects by evaluating accountability by project type, balancing finance with risk, and constantly monitoring progress.
  • Understand which technologies will enable innovation by digitizing then automating, deploying cloud analytics and iterating on new services.
  • Create a culture in which innovation can flourish by securing executive sponsorship, embracing new organizational perspectives and empowering employees.
 

“Changing business culture to incorporate innovation is one of the hardest things to do. Innovation teams must influence the business, but this can be very difficult to achieve. Increased communication around innovation is critical” said Ian Cameron, Head of Innovation, UK Power Networks.

“Utilities are increasingly facing the challenge of how to maintain reliability while simultaneously operating in an agile manner conducive to innovation,” said Rodger Smith, senior vice president and general manager of Oracle Utilities. “We believe the framework for dual innovation described in this paper provides an actionable model for utilities to respond to disruption.”

The executives interviewed for this research represent 16 utilities on three continents, serving 42 million customers, with 162,000 employees, selling electricity, water and gas.

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
Christina McDonald
Burson-Marsteller
+1 212.614.4221
christina.mcdonald@bm.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

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Valerie Beaudett

  • +1 650.400.7833

Christina McDonald

  • +1 212.614.4221

Oracle Names IBM as Strategic HR BPO Provider

Tue, 2017-10-10 07:00
Press Release
Oracle Names IBM as Strategic HR BPO Provider Oracle recognizes IBM as a strategic HR BPO provider on the Oracle HCM Cloud platform

Redwood Shores, Calif.—Oct 10, 2017

Oracle today named IBM (NYSE: IBM) as a strategic partner to provide Business Process Outsourcing for Human Resources delivered on the Oracle HCM Cloud platform. Together, IBM and Oracle will enable organizations to seamlessly migrate to Oracle’s HCM Cloud platform, transform HR operations and processes, and capitalize on the efficiencies of a managed service giving access to a global network of HR professionals. 

“Oracle has witnessed Human Resource departments adopt Oracle HCM Cloud at an unprecedented rate,” said Tony Kender, Senior Vice President, North America HCM Cloud Business, Oracle. “The inherent benefits of consuming HR as a service has allowed CHROs around the world to focus on strategic talent and HR direction with providing surety of high quality next generation HR operations. Increasingly forward thinking CHRO’s are recognizing that progressive Business Process Outsourcing (BPO) provides a significant quantitative business case for HR transformation. Oracle is excited to collaborate with a globally recognized BPO provider and world-class consulting partner such as IBM, who is superbly qualified to provide our clients a seamless transition on that journey.”

IBM is widely recognized as a leader in consulting and managed services for all aspects of Human Resources enabled by cloud and cognitive technology innovations. IBM’s BPO HR and talent solution footprint spans all areas of the HR domain from talent acquisition to talent development and HR operations. The transformation of the employee and manager experience is significantly fueled by the shift to cloud based talent and HR systems. IBM delivers HR operations services using cloud enabled solutions enhanced by automation, robotics, cognitive technology, voice of the client analytics, closed loop incident management automation, and analytics-based defect reduction.

IBM focuses on delivering a high quality and consistent employee experience using technology to liberate people to achieve more. IBM is truly differentiated by the range of cognitive solutions for HR enabling business to make faster, smarter decisions with insight and foresight. Attracting talent, growing career paths and extending and personalizing learning are some examples of the possibilities with AI solutions also highly complementary to the Oracle HCM cloud platform.

 

“This announcement expands upon a 30 year relationship between Oracle and IBM, where IBM has achieved Cloud Elite Partner status in addition to being an Oracle Diamond Partner,” said Dan Eybergen, North America Oracle Service Line leader within IBM. “We look forward to the opportunity to successfully bring our clients live on the Oracle HCM Cloud platform to continue to transform the way HR services are delivered.”

Contact Info
Scott Thornburg
Oracle
+1.415.816.8844
scott.thornburg@oracle.com
Kristin Reeves
Blanc & Otus PR for Oracle
+1.415.787.6744
kreeves@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

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Scott Thornburg

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Kristin Reeves

  • +1.415.787.6744

NetSuite Expands Middle East Operations

Sun, 2017-10-08 02:00
Press Release
NetSuite Expands Middle East Operations Cloud leader offers support for new VAT, adds dedicated sales team and strengthens partner ecosystem to meet growing demand for cloud ERP in region

Dubai, UAE and SAN MATEO, Calif.—Oct 8, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced the expansion of operations in the Middle East to meet the increasing demand for cloud ERP in the market. With the support of Oracle’s global resources, NetSuite added a dedicated sales team with new leadership; new solution provider partners to strengthen its existing partner ecosystem; and increased customer adoption of NetSuite OneWorld. Additionally, NetSuite will offer support for the new Unified Value Added Tax (VAT) Agreement, set to take effect for Saudi Arabia and the United Arab Emirates (UAE) next year with more Gulf Cooperation Council (GCC) countries expected to follow.

“Local and global companies with regional headquarters in the area are already reaping the benefits of cloud ERP,” said Mark Woodhams, Oracle NetSuite Vice President, EMEA. “With today’s announcement, we’re signalling our ongoing commitment to the region and the success of our customers and partners here.”

NetSuite to Provide VAT Support, Enabling Businesses to Comply with New Tax Rules

With the Unified Value Added Tax (VAT) Agreement signed by the Gulf Cooperation Council (GCC) countries set to go into effect in the UAE and Saudi Arabia January 1, 2018, with other countries in the region expected to follow, NetSuite will build support for the new changes directly into the system. The VAT will impact every part of the business, including cash flow, pricing of products and services, financial reporting, tax accounting and reporting and, of course, technology. NetSuite already has a highly flexible in-house tax engine that supports over 110 countries for VAT, both rules and reporting, creating a solid foundation on which to build out functionality specific to the GCC VAT. Tax codes for the standard rate, zero rates, reverse charges, as well as VAT on imports, will all be part of NetSuite’s International Tax Reporting SuiteApp. Existing customers will enjoy full business systems compliance with new changes in the value-added tax (VAT) rate without having to lift a finger. NetSuite’s cloud computing model and the flexible, powerful NetSuite Tax Engine inside NetSuite’s financial software ensure that NetSuite customers immediately benefit from this update.

NetSuite Adds Direct Sales Team and Leadership

NetSuite is extending its focus on the Middle East and the surrounding region with a dedicated sales team, pre-sales, country manager, marketing and other support functions, all operating out of a new Dubai office, which will be the center of East, Central Europe, Middle East and Africa (ECEMEA) operations. The dedicated sales team has been established and trained to address the UAE and Saudi Arabian markets. NetSuite will also continue to recruit local implementation partners with experience in ERP to support continued growth in the region.

The dedicated sales office will be led by Khaled Ismail, Vice President, Oracle Digital Application Business, ECEMEA, who will manage sales and marketing strategy for the region. In this role, Ismail will manage an organization of 250 sales professionals with almost 20 managers and directors. He is also responsible for all the supporting functions for ECEMEA from pre-sales, sales development, marketing and customer success.

“The UAE has been a strong growth engine for NetSuite in recent years,” Ismail said. “Now, with the additional global resources of Oracle, we intend to continue that growth and expand not only our sales operations and partnership, but build out additional functionality specific to the region.”

NetSuite Strengthens Partner Presence in the Region

NetSuite already has a strong partner presence in the region with 16 partners serving customers in the region. In 2017 alone, NetSuite added the following seven businesses to its Solution Provider Program: Azdan Business Analytics; Trinamix Business Solutions; Wolfrayet Business Consulting; Masterkey Software; Foresee Solutions; UnitedofOQ; and Digital Trends. As part of its expansion in the region, NetSuite will actively be recruiting qualified partners to continue to provide local businesses with a leading cloud ERP solution.

NetSuite OneWorld, a Game-Changer for Middle Eastern Businesses

Businesses seeking to gain efficiency, grow revenues, expand globally and enter new markets often find themselves held back by software systems siloed by department, geography or legal entity structures, leaving them unable to deliver an optimal customer experience and gain insights into their operations. The agility, flexibility and scalability that NetSuite OneWorld provides is difficult to achieve by businesses running legacy on-premise software. Meanwhile, other available cloud financial software solutions only offer basic product functionality that cannot scale and support changing business needs, growth and international expansion.

NetSuite OneWorld provides a unified and cloud-based suite of software that is flexible enough to meet the needs of diverse business models, legal structures and geographies. NetSuite OneWorld supports 190 currencies, more than 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries.

Further, to help today’s B2B and B2C businesses with omnichannel commerce, NetSuite OneWorld delivers commerce-ready capabilities that can help both B2B and B2C commerce businesses to move from siloed online, in-store and phone consumer shopping channels to an integrated commerce solution, connecting ecommerce and in-store POS to order management, inventory, merchandising, marketing, financials and customer service, while delivering a seamless brand experience and exceeding customer expectations.

NetSuite OneWorld Supports Growth for Local Businesses

M.R.S. Packaging (www.mrspackaging.com), a food and beverage distributor for the concession industry operating across nine countries in the region, has been a NetSuite customer since 2015. As the company grew, management determined it needed to replace its custom-built accounting software with a new, modern system to manage the business. M.R.S. selected NetSuite for its cloud-based architecture, intuitive user interface and comprehensive functionality. M.R.S. is now using NetSuite to manage financials, Customer Relationship Management (CRM) across sales and customer service, inventory management and human resources. The move to NetSuite enabled M.R.S. to avoid the costs and disruption associated with on-premise systems, while staying up to date on the latest version of the software thanks to regular upgrades that automatically carry customizations forward. M.R.S. is now adopting NetSuite OneWorld to manage subsidiaries in UAE and Bahrain.

“NetSuite has proven to be the most cost effective, user friendly system for a midsized company like ours,” said Manu Soni, Managing Director of M.R.S. “We expect to be a $100 million company in three years and we feel confident NetSuite can scale with us.”

Aigue Marine DMCC, the parent company for Gearbox (www.gearbox.ae) and Aquae Jewels (www.aquae-jewels.com), implemented NetSuite when it launched the Gearbox business, an ecommerce business that offers a rent, try and buy service for cameras, and camera and video equipment. John Massaut, the Managing Director for Aigue Marine DMCC, founded the business when he realized how difficult it was to find reasonably priced equipment for a photo shoot for the jewelry business. Aigue Marine DMCC had an existing KPI.com system, however it was difficult to integrate with the new website and didn’t provide the comprehensive visibility into the business he needed. Massaut selected NetSuite for its comprehensive functionality and inventory management capabilities. Aigue Marine implemented NetSuite in May 2017 and is now running both Gearbox and Aquae Jewels on a single instance of NetSuite, managing financials, customer relationship management (CRM) and inventory management.

Inventory management is especially critical for Aigue Marine DMCC. NetSuite OneWorld gives the Gearbox business full visibility into equipment availability and location to maximize profits. In addition, the flexibility and agility of NetSuite is also critical as Gearbox seeks to add fitness monitors to its rent, try & buy offerings, as well as making demographic data available to the companies that manufacture and market the products. Aquae Jewels is able to track 5,000 pieces of inventory across several locations automatically, improving delivery and customer satisfaction, while reducing manual workloads.

“NetSuite has done everything I hoped it would, managing inventory, financials and helping to put process and procedures in place to manage the business efficiently,” Massaut said. “It’s a comprehensive solution that can scale to accommodate our ambitious plans for growth.”

Contact Info
Gaurav Bhatnagar
Director, Corporate Communications – Middle East & Africa Oracle
+971 55 100 1407
gaurav.b.bhatnagar@oracle.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.oracle.com/netsuite.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Gaurav Bhatnagar

  • +971 55 100 1407

Moss Adams Joins NetSuite Solution Provider Program

Wed, 2017-10-04 11:45
Press Release
Moss Adams Joins NetSuite Solution Provider Program Leading Accounting and Consulting Firm Launches Cloud ERP Practice with NetSuite

ORACLE OPENWORLD — SUITECONNECT — SAN FRANCISCO, Calif.—Oct 4, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Moss Adams LLP, one of the largest accounting, consulting and wealth management firms in the U.S., has joined the NetSuite Solution Provider Program to address rising demand for cloud business management solutions.

The move is the result of Moss Adams’ existing alliance with NetSuite offering accounting services as a member of the NetSuite Business Process Outsourcing (BPO) Program since 2015. Moss Adams will now be able to offer a best-in-class solution to clients of any size, from pre-revenue start up to well-established midmarket firms. In addition, by leveraging NetSuite and its deep industry knowledge Moss Adams will also be able to provide enhanced insights to clients in a wide variety of areas such as IPO readiness and process optimization.

“We’re thrilled to work with a firm of Moss Adams’ scope and expertise,” said Craig West, Oracle NetSuite Vice President of Alliances and Channels. “The combination of over 100 years of industry experience and the leading Cloud ERP offers an incredibly powerful value proposition to clients in a wide variety of industries.”

Founded in 1913 and headquartered in Seattle, Moss Adams has approximately 2,600 employees across 29 locations, with an annual revenue of approximately $600 million. After a comprehensive evaluation of other cloud software in the marketplace, Moss Adams determined that NetSuite was the optimal solution to offer to most clients, based on its own success with the BPO program and feedback from the marketplace.

As a NetSuite solution provider, Moss Adams will provide market development, consulting and implementation services for NetSuite financials/ERP, CRM, ecommerce, HR and PSA across high technology, biotech, apparel, and beverage industries. The company will deploy its experienced technology development resources to build these industry-specific versions of the solution using NetSuite’s SuiteCloud development platform. 

“NetSuite provides best-in-class cloud ERP that allows us to better serve customers with a scalable solution that meets the need for business efficiency, visibility and agility,” said Labi Rabiu, Managing Director, Enterprise Systems Practice at Moss Adams. “Building on our existing NetSuite BPO relationship, we are fully prepared to bring vertical solutions to market.”

Launched in 2002, the NetSuite Solution Provider Program is the industry’s leading cloud channel partner program. Since its inception, NetSuite has been a leader in partner success, breaking new ground in building and executing on the leading model to make the channel successful with NetSuite. A top choice for partners who are building new cloud ERP practices or for those expanding their existing practice to meet the demand for cloud ERP, NetSuite has enabled partners to transform their business model to fully capitalize on the revenue growth opportunity of the cloud. The NetSuite Solution Provider Program delivers unprecedented benefits that include highly attractive margins and range from business planning, sales, marketing and professional services enablement, to training and education. For more information about the NetSuite Solution Provider Program, please visit www.netsuite.com/partners.

Contact Info
Christine Allen
Oracle NetSuite
603-743-4534
PR@netsuite.com
About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

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Christine Allen

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