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Oracle’s Moat Selected by LinkedIn as Video Viewability Partner

Wed, 2018-05-09 06:00
Press Release
Oracle’s Moat Selected by LinkedIn as Video Viewability Partner Moat to Offer Video Viewability and Attention Measurement Across the Major US Digital Platforms

Redwood Shores, Calif.—May 9, 2018

Oracle’s Moat, a SaaS analytics measurement provider for marketers and publishers that is part of the Oracle Data Cloud, today announced it has been selected to measure viewability and attention signals on the LinkedIn platform. The collaboration will focus on LinkedIn’s video for Sponsored Content. With the integration, Moat will be the first provider to offer video viewability and attention measurement across the major US digital platforms.

“Moat measurement on LinkedIn marks a significant moment for marketers, who will have independent viewability and attention measurement in one place, on Moat, across all major US digital platforms,” said Jonah Goodhart, SVP of Oracle Data Cloud and Co-Founder of Moat. “We are proud to collaborate with LinkedIn as we share a positive vision of the future of digital marketing.”

“In today’s video advertising landscape, marketers require independent viewability insights to truly understand how their campaigns perform,” said Tomer Cohen, VP of Product, LinkedIn Marketing Solutions. “Our work with Moat will enable marketers on LinkedIn to leverage Moat’s industry-leading digital measurement platform, so they can make more informed advertising decisions.”

The collaboration will equip marketers with a deeper understanding of their campaign performance and results garnered from LinkedIn video inventory—and intends to make these services available to customers later this year. This reinforces Moat’s vision of providing widespread trusted and independent measurement in order to empower brands to make smarter media and creative decisions.

Contact Info
Simon Jones
Oracle
650.506.0325
s.jones@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 (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.

Talk to a Press Contact

Simon Jones

  • 650.506.0325

Oracle Marketing Cloud Transforms Sales Process with Powerful New Data Integrations

Tue, 2018-05-08 07:00
Press Release
Oracle Marketing Cloud Transforms Sales Process with Powerful New Data Integrations New Oracle Eloqua integrations with 6sense, Demandbase, LookBookHQ and Mintigo streamline and optimize sales process

REDWOOD SHORES, Calif.—May 8, 2018

Helping sales teams engage customers and accelerate and close more deals, Oracle today announced new product integrations with the Oracle Marketing Cloud. The new integrations between Oracle Eloqua and 6sense, Demandbase, LookBookHQ and Mintigo deliver powerful data-driven insights that empower sales teams to identify high-potential buyers, drive engagement and close deals faster.

A new integration between Oracle Eloqua and 6sense helps sales teams increase pipeline conversion. The product integration enables Oracle Eloqua customers to leverage AI-powered in-market predictions from the 6sense Demand Orchestration Platform and achieve a unified view of account activity that includes the prospect’s anonymous website intent, competitor research and other relevant need-based intent.

“Understanding as much as possible of an account’s behavior provides a competitive edge to sales organizations to convert pipeline to revenue,” said Amar Doshi, VP of Product, 6sense. “Many of our customers that use Oracle’s Eloqua Profiler and rely on 6sense AI have asked for an integrated experience to support their account-based marketing and sales efforts. We’re excited to be a part of this customer-driven initiative for B2B companies.”

A new integration between Oracle Eloqua and Demandbase helps sales teams quickly and easily access the insights needed to accelerate and close deals. The new product integration improves the sales process by delivering AI-enabled intent data and insights from Demandbase’s Conversion Solution within Oracle Eloqua so that sales teams can contact the right accounts with the right messages at the right time to move deals forward.  

“Marketers need to work hand-in-hand with sales teams across the entire buying cycle,” said Dom Lindars, VP of product, Demandbase. “We’re excited to be part of the launch for Oracle’s Sales Tools Extensions with our Conversion Solution, which will allow sales teams to truly understand the behavior and needs of their target accounts and increase their close rates.”

A new integration between Oracle Eloqua and LookBookHQ gives sales teams rich, actionable insight into buyer education, based on how leads and accounts are engaging with content. The new product integration provides a full summary of content engagement "after the click" (assets viewed in session, time spent, account rollup) within a contact’s profile in Oracle Eloqua and allows for the exploration of other contacts at the same account.

“LookBookHQ's ability to show the depth and quality of leads' engagement, coupled with the ability to see total engagement at account level over time, equips sales with a powerful extension to Oracle Eloqua Profiler,” says Stephen Streich, VP of product and engineering, LookBookHQ. “And this in turn provides better alignment between sales and marketing teams on buyer readiness and content performance.”

A new integration between Oracle Eloqua Profiler and Mintigo enables sales teams to learn, discover and engage their prospective buyers in personalized ways at scale. The new product seamlessly integrates Mintigo’s AI powered prospecting application, Sales Coach 360, with Oracle Eloqua Sales Tools.

“Prospecting is hard and the current CRM solutions do very little to enable sellers to engage their prospective buyers intelligently,” said Atul Kumar, chief product officer, Mintigo. “Understanding who is in-market to buy, why, when and how you should engage them is critical in achieving positive outcomes. This is what Oracle Eloqua Profiler and Mintigo’s Sales Coach 360 delivers to sales.”

Oracle Marketing Cloud is part of Oracle Customer Experience (CX) Cloud Suite, which 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.

For additional information about Oracle CX, follow @OracleCX on Twitter, LinkedIn and Facebook or visit SmarterCX.com.

Contact Info
Kimberly Guillon
Oracle
209.601.9152
kim.guillon@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 (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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Kimberly Guillon

  • 209.601.9152

Oracle Raises the Bar with New Free Platinum-Level Support Services for Fusion Cloud Applications

Mon, 2018-05-07 07:10
Press Release
Oracle Raises the Bar with New Free Platinum-Level Support Services for Fusion Cloud Applications

REDWOOD SHORES, Calif.—May 7, 2018

Oracle (NYSE: ORCL) CEO, Mark Hurd today unveiled new customer support offerings designed to help customers get more value from Oracle Fusion SaaS applications including Fusion ERP, EPM, HCM, Supply Chain, Manufacturing, Sales and Service. Hurd described Oracle’s new SaaS Support Services as a new standard in the SaaS industry, designed to ensure customer success.

“As the software industry moves to the cloud, our application support offerings need to become more agile and responsive,” said Hurd. “We need to provide our SaaS customers with everything they need for rapid low-cost implementations and a successful rollout to their users.  In response to those needs, we are announcing that our highest level service, Oracle Platinum-Level Support, will now be provided to all of our Fusion Oracle SaaS customers at no extra cost. In addition, we are also announcing a new set of Custom Support Services that can be flexibly tailored to the particular requirements of any individual customer.”

Oracle SaaS applications customers will be able to take advantage of the new SaaS Support Services at no extra cost. The comprehensive base-support package features 24/7 rapid response technical support, proactive technical monitoring, success planning and adoption guidance, and a new digital experience platform for on-demand education resources.

Oracle has also launched a set of Advanced Services, which enable SaaS customers to gain a deeper level of support and customized services based on their specific business requirements. These tailored offerings can be added as and where needed, enabling the customer to choose which services they buy instead of being charged for bundled services they may not want or need.

“We have a good relationship with Oracle and get a lot of value out of Oracle SaaS solutions,” said Robert Sukharev,” IT manager for the Digital Product Team at AIG. “We have more than 100 users of Oracle tools and having a single location for relevant information and free education resources will allow us to use these tools in a more effective, productive and successful way.”

Large SaaS vendors currently upsell customers on premium support, charging for faster response times, dedicated support and rarely utilized services within premium support packages. In contrast, Oracle SaaS Support Services will be offered free of charge to Oracle SaaS customers including cloud Enterprise Resource Planning, Supply Chain, Human Capital Management, Marketing, Sales, Service and Commerce customers.

“The rapid adoption of SaaS has accelerated the evolution of support services away from technical support to support for the business,” said Elaina Stergiades, research manager at IDC.  “Most SaaS providers include only basic remedial support as part of the subscription, and additional support can add significant cost. Offerings like Platinum-Level Support from Oracle for SaaS, provided at no additional cost, can help ensure customer success in the cloud with expanded access to support for severity 1 issues, personalized training and adoption guidance for specific functional areas.”

“We have a shared interest in our customers’ success so we’re going above and beyond to ensure our customers have everything they need to succeed,” said Catherine Blackmore, group vice president of North America Customer Success at Oracle. “Oracle SaaS Support Services raise the bar for the SaaS industry and further reduce friction for companies moving to the cloud.”

Oracle SaaS Support Services will include:

  • 24/7 technical support: To help customers resolve issues faster, without adding to costs, the new SaaS Support Services will enable all customers to receive a technical support response typically in less than 15 minutes for severity one issues.
  • Dedicated implementation support: Customers will receive a dedicated, named engineer to provide guidance and hands-on support through the implementation process.
  • Proactive technical monitoring: Oracle’s technical team will take advantage of the latest machine learning technology to diagnose and resolve technical problems without the customer having to file a service request. In fact, the customer may not even realize there was a problem.
  • Success planning support: Oracle will work with customers on a technical and business execution strategy to help ensure the successful deployment and end-user adoption of Oracle SaaS applications.
  • Business process monitoring and guidance: Oracle will leverage data and process efficiency insights to save the customer time and money by analyzing customer use cases and providing recommendations for business process improvements.
  • Education on-demand: Oracle is investing in free education courses and the creation of a new on-demand knowledge center, which is expected to feature more than 2,000 new training guides, as well as guided learning starter packs to walk users through how to execute processes in the application. Customers can also attend QuickStart events on the cloud service of their choice.
  • Customer Success Portal: To help customers expertly adopt SaaS and achieve their business objectives, Oracle SaaS Support Services will include a new digital platform where customers can: find Oracle resources such as education, training, technical support and consulting; interact with relevant expert content to help achieve specific business goals; and design personalized training and education paths.

Oracle Advanced Services will include:

  • Additional tailored services: Extended services designed to provide customized dedicated support through the entire SaaS lifecycle.
  • Certified resources: Oracle certified-to-know experts have deep expertise, product and domain knowledge and extensive experience driving change so customers get the right knowledge and experience to drive business outcomes.
Contact Info
Jessica Moore
Oracle
650.506.3297
Jessica.moore@oracle.com
Evelyn Tam
Oracle
650.506.5936
evelyn.tam@oracle.com
Additional Information

For additional information on Oracle SaaS Support Services, visit 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 (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.

Talk to a Press Contact

Jessica Moore

  • 650.506.3297

Evelyn Tam

  • 650.506.5936

Oracle Delivers Next Set of Autonomous Cloud Platform Services

Mon, 2018-05-07 07:05
Press Release
Oracle Delivers Next Set of Autonomous Cloud Platform Services Expands scope of autonomous capabilities with built-in AI and machine learning in its application development, integration, and analytics services

Redwood Shores, Calif.—May 7, 2018

As part of its pledge to extend autonomous capabilities across its entire Cloud Platform, Oracle today announced the availability of Oracle Autonomous Analytics Cloud, Oracle Autonomous Integration Cloud, and Oracle Autonomous Visual Builder Cloud. With built-in advanced artificial intelligence (AI) and machine learning algorithms, these groundbreaking new PaaS services automate and eliminate key tasks to enable organizations to lower cost, reduce risk, accelerate innovation, and get predictive insights.

Earlier this year, Oracle made available the world’s first Autonomous Database for data warehouse workloads. The company is committed to adding self-driving, self-securing, and self-repairing capabilities to all of its PaaS services coupled with specific autonomous capabilities for each functional area. In addition to today’s news, Oracle plans to release more autonomous services later in calendar year 2018 focused on mobile and chatbots, data integration, Blockchain, security and management, and additional database workloads, including OLTP.

“Embedding AI and machine learning in these cloud services will help organizations innovate in revolutionary new ways,” said Amit Zavery, executive vice president of development, Oracle Cloud Platform. “These new cloud services are the latest in a series of steps from Oracle to incorporate industry-first autonomous capabilities that will enable customers to significantly reduce operational costs, increase productivity, and decrease risk.”

As organizations focus on delivering innovation fast, they want a secure set of comprehensive, integrated cloud services to build new applications and run their most demanding enterprise workloads. Only Oracle’s cloud services can automate key operational functions like tuning, patching, backups and upgrades while running to deliver maximum performance, high availability, and in demand security features.

Brake Parts Speeds Ahead with Oracle Autonomous Integration Cloud

Brake Parts, a global company that supplies the world’s top brake brands for cars, vans, SUVs, light trucks and heavy duty vehicles, has partnered with Oracle to build an intelligent sales operation. By automating its end-to-end customer change, RFQ, and new product introduction processes, Brake Parts was able to eliminate manual steps and increase customer responsiveness.

“Using Oracle Autonomous Integration Cloud with Oracle Sales Cloud, we were able to modernize our applications and automate customer-facing activities across departments—transforming our sales operations,” said Lisa Oliver, Sales Operations, Brake Parts. “Oracle’s autonomous PaaS services enable us to digitize many of our manual processes so we can decrease costs, increase business insights, and better innovate.”

New Oracle Autonomous Cloud Platform Services

Newly available autonomous services include Oracle Autonomous Analytics Cloud, Oracle Autonomous Integration Cloud, and Oracle Autonomous Visual Builder Cloud. These services help organizations easily build and deploy modern applications, as well as integrate and analyze critical organizational data. 

Oracle Autonomous Analytics Cloud

Oracle Autonomous Analytics Cloud combines machine learning, adaptive intelligence, and service automation to create an analytics platform that breaks down barriers between people, places, data, and systems, fundamentally changing the way people analyze, understand, and act on information. Learn more here.

  • Empowers business users to uncover more insights, quickly. Users can ask questions on their mobile devices, and natural language processing converts those questions into queries in the backend to deliver rich visualizations on their device. It uses machine learning to gain intelligence and proactively suggest insight on data the user might not even have asked for.
  • Reveals hidden patterns and performance drivers through predictive insights and automatic natural-language explanations powered by machine learning.
  • Provides predictive analytics on IoT data applying domain specific machine learning algorithms on large volumes of sensor data and historical patterns of failure.
  Oracle Autonomous Integration Cloud

Oracle Autonomous Integration Cloud accelerates digital transformation by enabling business processes spanning multiple Oracle and non-Oracle SaaS and on-premises applications through a combination of machine learning, embedded best-practice guidance, and pre-built application integration and process automation. Learn more here.

  • Speeds up integrations in the complex process of mapping attributes of objects across two different applications by using crowd sourced data of all executed integrations, and machine learning to deliver visual recommendations of how to connect those objects.
  • Delivers intelligent dynamic adaptive case management by providing APIs to embed AI/machine learning frameworks, and suggest the next best action in an automated process flow.
  • Increases resiliency and performance by providing self driven and tuning Integrations to manage large workloads intelligently.
  • Enables Robotic Process Automation with AI/machine learning to automate the last mile of case management or process automation with systems that are not API enabled.
  Autonomous Visual Builder Cloud

Oracle Autonomous Visual Builder Cloud helps to accelerate mobile and web application development and deployment by enabling business users and developers to build these applications with no coding. Learn more here.

  • Automates code generation using the latest industry-standard technologies with single click deployment enabling rapid application development even by line-of-business users.
  • Automates delivery of mobile applications across multiple platforms including iOS and Android.
  • Easily extensible and based on standard open-source technology (Oracle JET, Swagger)
 

Oracle Cloud Platform services all share foundational autonomous capabilities including:

  • Self-Driving to Lower Costs and Increase Productivity: Eliminate human labor to provision, secure, monitor, backup, recover and troubleshoot. Automatically upgrade and patch itself while running. Instantly grow and shrink compute or storage without downtime.
  • Self-Securing to Lower Risk: Protect from external attacks and malicious internal users. Automatically apply security updates while running to protect against cyberattacks, and automatically encrypt all data.
  • Self-Repairing for Higher Availability: Provide automated protection from all planned and unplanned downtime with up to 99.995 percent availability, resulting in less than 2.5 minutes of downtime per month including planned maintenance.
 

Organizations can try Oracle Autonomous Cloud Platform services, including Oracle Autonomous Data Warehouse Cloud by signing up for a Free Oracle Cloud Trial via http://cloud.oracle.com/tryit

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Kristin Reeves
Blanc and Otus
+1.925.787.6744
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

Nicole Maloney

  • +1.650.506.0806

Kristin Reeves

  • +1.925.787.6744

Organizations Worldwide Turn to Oracle Cloud to Fuel their Modernization Efforts

Mon, 2018-05-07 07:00
Press Release
Organizations Worldwide Turn to Oracle Cloud to Fuel their Modernization Efforts

Redwood Shores, Calif.—May 7, 2018

Companies and organizations around the globe are rapidly adopting Oracle Cloud solutions. Offering its customers a unique advantage, Oracle is the only provider to deliver a complete cloud portfolio, spanning Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS). Today, companies in 195 countries and territories are processing more than 55 billion transactions a day through the Oracle Cloud. Recent wins and expansions include: Alsea, Broadcom Limited, Exelon, Gonzaga University, Heineken Urban Polo, Providence St. Joseph Health, Sinclair Broadcast Group, and T-Mobile US Inc.

“Oracle Cloud is redefining how organizations modernize, innovate and compete,” said Thomas Kurian, president, product development, Oracle. “Regardless of where organizations want to start their cloud journeys, Oracle delivers complete and integrated cloud services that deliver faster innovation and business transformation. The momentum and adoption we have seen over the past few quarters is a testament to the value Oracle Cloud provides.”

Industry’s Most Complete, Integrated Cloud Platform

The combined power of Oracle’s Cloud IaaS and PaaS offerings enable customers to extend, enrich, and customize their application environments with unprecedented intelligence, security, speed and predictability. Driving the future of business, Oracle Cloud integrates its deep product knowledge, along with the latest emerging technologies, such as artificial intelligence (AI), machine learning (ML), blockchain, IoT and chatbots into every layer of the stack to allow customers to drive innovation and scale.

Further transforming the market, Oracle today announced the general availability of new autonomous capabilities across its PaaS portfolio. With self-driving, self-securing and self-repairing capabilities for analytics, data integration, mobility, content management and more, customers can focus on accelerating business results by limiting human labor, human error and manual tuning. The availability of Oracle Autonomous Data Warehouse Cloud, the first service based on the revolutionary new Oracle Autonomous Database, was also recently announced.

Intelligent Business Applications

Oracle Cloud Applications help organizations around the world grow faster, differentiate from competitors and better serve their customers.

With Oracle Cloud Applications, organizations across all industries can deliver the experiences customers expect, attract and retain the talent to succeed, and achieve the performance the market demands. To further empower business users, Oracle has embedded AI capabilities across Oracle Cloud Applications for finance, human resources, supply chain, manufacturing, commerce, customer service, marketing and sales professionals.

Additional recent customer wins and expansions across Oracle IaaS, PaaS and SaaS include:

Atomitech Inc., Edith Cowan University, Future Robot, Barrick Gold Corporation, C’s NEXT, Colegio de Bachilleres, Contribute NV, DP World Ltd, Dubai Airport Freezone Authority, Emirates Flight Catering, Hytera Communications Ltd, Ildong Pharmaceutical Co., Ltd., Konyang University, Land O’Lakes, Inc., Leshan City Commercial Bank, McDermott, MCore Group, New Hope Liuhe Co. LTD, Promata, Stallion Oilfield, Ornua Co-Operative, RecVue, Saga d.o.o Beograd., TCI, TaskUs, University of Wisconsin Hospital and Clinics Authority, and Zeneral Heatpump Industry Co Ltd. 

“We needed a robust system to ensure business continuity in the event of a disaster,” said Punit Rastogi, AVP and head of IT, TCI. “We chose Oracle Cloud and saved both time and money in establishing our disaster recovery system. Oracle Cloud also eliminated the need for regular maintenance, patching, and upgrades of our systems.”

"We considered providing a service to monitor on-premises and public clouds as an added-value improvement for the IT monitoring service we deliver,” said Katsuhiro Kawasaki, managing director, Atomitech Inc. “By adopting Oracle Management Cloud, we were able to build a new business pillar with monitoring infrastructure and reduce the operational burden."

“Our focus is to be one of the world's most innovative free zones and provide services that exceed expectations in every way,” said Amna Lootah, assistant director general, Dubai Airport Freezone Authority (DAFZA). “Oracle Cloud helps us deliver superior customer service and enhance management's ability to proactively ensure continuous business improvement, anytime and anywhere.”

“It normally took our team at least one week to prepare executive reports,” said Arun Tewary, CIO, Emirates Flight Catering (member of Emirates Group). “Finally, with modern BI Interactive tools in the cloud, we can generate daily intelligence reports which will improve data accuracy, accessibility and our entire decision making process.”

"Oracle Management Cloud offers powerful log analytics functionality, enabling us to efficiently predict patterns and anomalies, and resolve performance issues for our online store,” said Jae Yoo Kim, information strategy team manager, Ildong Pharmaceutical Co., Ltd. “Oracle Cloud is the perfect solution to increase our productivity and business agility."

“Oracle Cloud Applications will support our vision of digital innovation in our business processes, agility in our deployment of solutions, and long-term value and scalability,” said Janice Newell, executive vice president, information services and CIO at Providence St. Joseph Health.

Contact Info
Christine Allen
Oracle
16037434534
christine.allen@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 (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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Christine Allen

  • 16037434534

B2B Sellers Need Digital Boost to Meet Expectations of Modern Buyers, Report Says

Thu, 2018-05-03 07:00
Press Release
B2B Sellers Need Digital Boost to Meet Expectations of Modern Buyers, Report Says Online marketplaces and digital channels are the most popular buying methods, but need improvements to meet buyers’ expectations, according to research by Oracle and Mirakl

REDWOOD SHORES, Calif.—May 3, 2018

In a recent study of 200 B2B buyers conducted by Oracle Commerce Cloud and Mirakl, results show that there is a clear gap between experiences offered by B2B sellers and B2B buyer’s needs for purchasing. The Next Generation of B2B Purchasing Report 2018 studied not only the behavior of today’s B2B buyers but also the differences in attitudes across three generations—Baby Boomers, Gen-X and Millennials.

B2B sellers are missing opportunities as B2B buyers are becoming more comfortable with digital buying experiences. In fact, the report’s key findings conclude:

  • 87 percent of business buyers across all age ranges are already purchasing in online marketplaces, more than any other channel.
  • 73 percent of respondents state they like to purchase in digital channels but only 11 percent chose digital channels as their preferred choice overall, indicating there is a demand for better digital experiences.
  • 14 percent of respondents prefer person-to-person sales as their top purchasing channel, although it’s still the least utilized channel with 70 percent of engaging with a person to purchase. This indicates that B2B buyers want a mix of channels to purchase from.
 

“The B2B purchasing channels offered today are not cutting it for today’s business buyers. As a result, buyers are still relying on outdated purchasing channels and businesses are left with missed sales opportunities,” said Jeri Kelley, senior product strategist, Oracle Commerce Cloud. “It is imperative that B2B businesses of all sizes invest in a commerce platform that can provide an integrated experience across multiple channels and scale to meet the ever-changing needs of B2B buyers. Those that can drive integrated experiences will thrive.”

“This report clearly validates all age ranges are moving a portion of business purchasing to marketplaces like Amazon and Alibaba,” said Adrien Nussenbaum, CEO and co-founder, Mirakl. “As part of their digital transformation agenda, leaders at B2B companies need to incorporate a marketplace strategy to remain relevant to all ages of buyers and accelerate eCommerce.”

Additional Key Findings
  • Millennial, Gen-X and Baby Boomer B2B buyers are all purchasing in online marketplaces already: 97 percent of Millennials, 81 percent of Gen-X and 83 percent of Baby Boomers generally buy through online marketplaces.
  • Age group still plays a role: Millennials are 14 percent more likely to make business purchases through online marketplaces than Baby Boomers, and 16 percent more likely than Gen-X.
  • Business buyers in North America prefer marketplaces over any other channel: 38 percent of respondents prefer purchasing on marketplaces over other digital channels, RFP/tender process, eProcurement systems and person-to-person channels.
  • The less negotiation, the better: In each age group, approximately 70 percent of business buyers value the fewer negotiations and improved sales processes associated with marketplaces and online buying channels
  • Outdated purchasing channels still used despite preference: Only 8 percent of overall respondents prefer eProcurement systems for B2B purchasing but 71 percent of respondents continue to purchase through this channel. In addition, 59 percent of respondents overall do not prefer RFPs but 84 percent continue to use this channel as well.
 

To find out more about the Oracle Commerce Cloud and Mirakl Next Generation of B2B Purchasing Report, 2018, visit Oracle at the O-Zone Customer Experience Lounge and Mirakl (booth 300) at the B2B Online Conference, May 7-8 in Chicago, IL.

About the Report

The data in the Oracle Commerce Cloud and Mirakl Next Generation of B2B Purchasing Report, 2018 is based on a survey of 200 B2B buyers across Europe, Latin America and North America. The report was conducted by WBR Insights. All respondents are directly involved in their company’s buying process and represent companies with more than $500 million in annual revenue.

Contact Info
Kimberly Guillon
Oracle
209-601-9152
kim.guillon@oracle.com
Adrienne Newcomb/Greg Earl
Ketner Group Communications (for Mirakl)
512-794-8876
miraklpr@ketnergroup.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

Kimberly Guillon

  • 209-601-9152

Adrienne Newcomb/Greg Earl

  • 512-794-8876

Veltio Becomes Oracle PartnerNetwork Platinum Level Member

Wed, 2018-05-02 08:00
Press Release
Veltio Becomes Oracle PartnerNetwork Platinum Level Member Global Partner Expands into Eastern Europe, Latin America and the Middle East

Redwood Shores, Calif.—May 2, 2018

Oracle today announced that Veltio, a market leader in retail planning and optimization consulting, has achieved Platinum level member status in the Oracle PartnerNetwork (OPN).  By attaining Platinum level membership, Oracle has recognized Veltio for its commitment to excellence in delivering complex planning, supply chain and optimization solutions on Oracle Retail Predictive Application Server (RPAS) and for uniquely addressing the challenges of joint customers both on premises and in the cloud.

Veltio’s clients represent a wide range of retail companies, from tier-1 multinational corporations to smaller, privately held companies and across verticals including grocery, fast fashion and specialty retailers globally.  Veltio, one of the largest dedicated Oracle RPAS integrators worldwide, has recently opened a new office in Santiago, Chile, to further Oracle and Veltio’s success in the region. The combined growth and expansion naturally led to Oracle and Veltio strengthening their collaboration.

“As an Oracle Partner for nearly 15 years and now one of the world’s largest Oracle Retail Planning and Optimization integrator, Veltio is proud to have achieved Platinum Level in OPN,” said Costas Malamas, Co-founder and Managing Partner of Veltio. “It is a significant milestone towards our global expansion into new geographies in Eastern Europe, Latin America and the Middle East.”

“Solution oriented relationships like Veltio are crucial to the Oracle ecosystem. Veltio’s growth in this environment is a testament to their drive for cutting-edge technology and investment in high quality people,” said Jeff Warren, Vice President, Oracle Retail.  

With its Platinum status, Veltio receives the benefit of developing specializations that will allow them to grow their business, increase their expertise, reach higher levels of customer retention, and create differentiation in the marketplace. Platinum members also become eligible to resell all Oracle Technology products and can apply to resell Oracle Applications and Industry Solutions. In addition, they receive access to Oracle account representatives and My Oracle Support updates for all products, discounts on training, limited free assessment/exam vouchers, reduced rates on the purchase of Oracle licenses for internal use, discounts on advances customer services and more.

For more information about the benefits of becoming an OPN Platinum level partner, please visit: http://www.oracle.com/us/partnerships/index.htm

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@oracle.com
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.

About Veltio

In 2004, Veltio was founded by a team of highly respected retail and technology specialists who were intimately involved in the development and implementation of the Oracle Retail Planning and Optimization suite of products. This core group of leaders drives the ethos and direction of the business and is supported by an experienced pool of business consultants, technical specialists and scientists based in North America, Latin America, Europe and Russia. No matter who we work with, all our customers benefit from Veltio’s truly incomparable perspective on retail planning and optimization, as well as a passion for continuous innovation in retail technology.

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 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.

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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Matt Torres

  • 4155951584

New Groundbreaking Customer Cloud Service Helps Utilities Improve Service, Reduce Costs and Accelerate Time to Go Live

Tue, 2018-05-01 08:00
Press Release
New Groundbreaking Customer Cloud Service Helps Utilities Improve Service, Reduce Costs and Accelerate Time to Go Live Oracle Utilities' cloud customer information system of the future has arrived

CS Week—Tampa, Fla.—May 1, 2018

Oracle Utilities today unveiled its Oracle Utilities Customer Cloud Service, the industry’s only end-to-end SaaS customer platform. The new cloud service is the first to deliver the full scope of SaaS benefits for customer information systems and meter data management in one solution, enabling utilities to reduce their total cost of ownership by 30 percent and dramatically shorten deployment times to months versus years for a full-function customer platform.

With the continued increase in smart meters, growing customer expectations and a significant influx of data from various sources, utilities are recognizing that upgrading their customer information systems is required to fully take advantage of digital transformation and move toward more interactive customer engagement and improvements in back office processes.

Oracle Utilities Customer Cloud Service combines the power of a leading meter-to-cash platform with the scale, agility and simplicity of the Oracle cloud, eliminating the risks and costs associated with new CIS deployments.

“Utilities are now recognizing that to truly engage with their customers, in the ways in which their customers want to engage, it will be necessary to deploy a next generation customer platform. We are excited about the launch of our Customer Cloud Service because for the first time, utilities have access to the full scope of benefits that the cloud brings, including accelerated implementation times and standardization of processes through Oracle Modern Best Practices.  This will enable utilities to focus on new and innovative strategies and technologies to drive growth,” said Rodger Smith, general manager and senior vice president, Oracle Utilities.

Built on the blueprint of the market-leading Oracle Utilities Customer Care and Billing and Oracle Utilities Meter Data Management applications, the Customer Cloud Service delivers a modern, integrated customer platform to meet next-generation needs while freeing valuable resources to focus on business innovation. By leveraging the Oracle cloud, the new solution is inherently secure as Oracle delivers the most robust security technology available and continuously adapts to stay ahead of evolving security threats.

Contact Info
Valerie Beaudett
Oracle Corporation
+1 650.400.7833
valerie.beaudett@oracle.com
Wendy Wang
H&K Strategies
+1 979 216 8157
wendy.wang@hkstrategies.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

Valerie Beaudett

  • +1 650.400.7833

Wendy Wang

  • +1 979 216 8157

Oracle Buys Vocado

Mon, 2018-04-30 15:00
Press Release
Oracle Buys Vocado Adds the Most Advanced Financial Aid Solution to Oracle Student Cloud

Redwood Shores, Calif.—Apr 30, 2018

Oracle today announced that it has completed the acquisition of Vocado, which provides a leading student-centric, cloud-based financial aid solution for higher education institutions.

Vocado works with thousands of financial aid sources to optimize funding for any type of higher education learning model. The solution helps students identify eligibility and obtain financing so they can achieve their academic goals. Vocado integrates its financial aid solution with both cloud and on-premise Student Information Systems (SIS).

Oracle Student Cloud is Oracle’s next-generation, cloud-based SIS designed for all academic models across every stage of the modern student lifecycle. Vocado adds the most advanced financial aid solution with a highly-automated and scalable platform. Together, Oracle and Vocado offer institutions the most complete SaaS solution suite in higher education.

“The education industry is undergoing an unprecedented digital transformation,” said Steve Miranda, Executive Vice President of Product Development, Oracle. “Oracle Student Cloud is architected for the modern student journey and the addition of Vocado helps our customers and their students manage financial aid more strategically, thereby solving one of the most complex problems inhibiting academic success.”

“Our passion for the education industry guided us to solve the biggest pain points for both schools and students, resulting in a solution that drives deep institutional transparency, regulatory compliance, and superior student visibility and control of their education financing options,” said Dan Driscoll, CEO of Vocado. “We are absolutely delighted to join forces with Oracle. The combination with Oracle allows us to advance our collective vision for higher education.”

More information about this announcement is available at www.oracle.com/vocado.

Contact Info
Deborah Hellinger
Oracle Corporate Communications
+1.212.508.7935
deborah.hellinger@oracle.com
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, SCM 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), 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 is currently reviewing the existing Vocado product roadmap and will be providing guidance to customers in accordance with Oracle’s standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle’s review of Vocado’s product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Vocado or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.

Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and Vocado, including statements that involve risks and uncertainties concerning Oracle’s acquisition of Vocado, anticipated customer benefits and general business outlook. When used in this document, the words “anticipates”, “can”, “will”, “look forward to”, “expected” and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Vocado, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business may deteriorate and/or Oracle or Vocado may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Vocado. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Vocado is under any duty to update any of the information in this document.

Talk to a Press Contact

Deborah Hellinger

  • +1.212.508.7935

Ken Bond

  • +1.650.607.0349

Brazilian Footwear Retailer Paquetá Shoes Creates Competitive Differentiation with Inventory Insights

Mon, 2018-04-30 08:00
Brazilian Footwear Retailer Paquetá Shoes Creates Competitive Differentiation with Inventory Insights Oracle Retail Planning Solutions with Embedded Machine Learning Improve Gross Margin by 300%

Redwood Shores. Calif,—Apr 30, 2018

Today, Oracle announced that Brazilian footwear retailer Paquetá has deployed Oracle Retail Clearance Optimization Engine to drive profits and streamline inventory planning. This deployment rounds out Paquetá’s existing planning portfolio including Oracle Retail Merchandise Financial Planning, Oracle Retail Assortment Planning, and Oracle Retail Warehouse Management System.

With an established brand in Brazil, Paquetá The Shoe Company is a leader in style, quality, manufacturing and retail producing more than 65,000 pairs of shoes per day. However, like many retailers today, they are challenged to drive strong profit despite falling foot traffic for their 300+ stores across Brazil and abroad. This challenge led Paquetá to Oracle Retail solutions to create an innovative data-led approach, to establish a competitive edge and build a culture of trust and optimism in a tough economy.

“Driving and converting foot traffic requires fresh assortments, but that must be balanced very carefully when your customers have less disposable income,” said Eduardo Smaniotto, VP Supply Chain, Paquetá. “We cannot afford to have a customer disappointed due to lack of inventory and we also cannot hold excess inventory or take severe markdowns. Our margin for error is very small and therefore it’s essential that we have one source of truth across the business and manage to plan on a very granular level, on a daily basis.”

The Oracle Retail Planning suite offers a real-time, single view of inventory across 400,000 SKUs, 52 categories, 132 subcategories and 4 store formats enabling Paquetá to act with agility at scale. This single view empowers management to drive significant margin improvements by optimizing promotions and assortment strategies with machine learning. These intelligent solutions help predict and understand future demand to equip buyers with better, more accurate insight to what styles are most likely to sell and in what quantities.

“Prior to the transformation, each department worked with different metrics and had a different approach to planning. With Oracle Retail, we know what to buy, how much to buy, at what time and where it must be for customer fulfillment,” said Smaniotto. “By leveraging machine learning inherent in the Oracle solutions, we have reduced inventory by 26%, eliminated more than 20 categories with little sacrifice to top line growth, and improved profit margin by a factor of 3X.”  

Paquetá began their transformation with the implementation of Oracle Retail Merchandise Financial Planning to allocate inventory more profitably and Warehouse Management System to gain control of orders throughout the distribution process in 2015. Based on the success of that deployment, Paquetá pursued the remaining solutions in the portfolio and most recently completed the implementation of Clearance Optimization and Assortment Planning. Oracle PartnerNetwork Gold Level Partner Logic Information Systems provided knowledge and best practices, to ensure implementations were completed on time and on budget.

“By implementing the integrated suite of Oracle Retail solutions, Paquetá has set a foundation for growth.  These solutions will help the business to deliver a better customer shopping experience, to drive growth and performance, and to enable the business to identify and address new market opportunities,” said Ray Carlin, senior vice president and general manager, Oracle Retail.

“One of the greatest advantages of adopting a robust Planning and Optimization solution is the rapid return these solutions offer through a smart implementation plan. Our local Brazil Planning Optimization teams bring the right balance of business, technical and science understand to empower our clients by deploying highest-value returns first,” said Amber Naqvi, President, Logic Information Systems.

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@oracle.com
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.

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.

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 following 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. 

Talk to a Press Contact

Matt Torres

  • 4155951584

Oracle Named a Leader in the Gartner 2018 Magic Quadrant for Operations Support Systems

Mon, 2018-04-30 07:00
Press Release
Oracle Named a Leader in the Gartner 2018 Magic Quadrant for Operations Support Systems Oracle positioned as a Leader for seventh consecutive time based on its ability to execute and completeness of vision

Redwood Shores, Calif.—Apr 30, 2018

Oracle Communications today announced that Oracle has been named a Leader in Gartner’s 2018 Magic Quadrant for Operations Support Systems1 for the seventh consecutive time. The report evaluates vendors that provide end-to-end operations support systems (OSS) to communications service providers, assessing them on their completeness of vision and ability to execute.

For a complimentary copy of the report, please visit: Gartner Magic Quadrant

The report notes “The ongoing current evolution toward digital infrastructure operations paves the way to the next big evolution in the industry: a fully automated, highly configurable, self-orchestrating horizontal software layer that supports hybrid physical and virtual resources.”

As Communications Service Providers (CSPs) strive to increase their agility, embrace digitalization, and adopt new technologies—such as NFV/SDN, IoT and cloud—they are encountering hurdles presented by their existing systems and processes. Oracle Communications Service and Network Orchestration an open, agile, model-driven approach that insulates IT systems from network complexity and accelerates CSPs’ digital transformation efforts. With new innovations that support both physical and virtual environments, Oracle enables customers to accelerate the introduction of new technologies and the provisioning of services across them.

According to the report, “OSS solutions depicted in this Magic Quadrant are spanning service-facing digital IT solutions that are tightly coupled with customer-facing IT. Without an adequate process alignment, CSPs will fail to monetize investments on the back end.”

Oracle Communications Service and Network Orchestration supports the end-to-end concept-to-cash-to-care process through seamless process integration with Oracle Customer Experience (CX) and Oracle’s Siebel CRM solutions and, through open integrations, with Oracle and most third party CX and CRM solutions.

“Modern OSS systems are becoming increasingly critical as CSPs embrace a digital future as integrated digital service providers,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “Oracle continues to deliver new innovations that enable our customers to embrace this change, helping dramatically reduce time-to-market for new services while also supporting scalable operations that reduce IT complexity and costs. We feel that our position as a Leader for the seventh consecutive time reflects our ongoing commitment to, and investment in, our OSS technologies and to ensuring the success of our customers today and well into the future.”

According to the report, “Leading vendors in this Magic Quadrant cover both the traditional OSS and the new OSS orchestration architectures in the form of SDN/NFV orchestration solution capabilities. The underlying functionality will be the same for both worlds. However, architectures will shift from vertical solution stacks—often purpose-tailored to specific technologies—to horizontal, fully integrated OSS functionality. The new OSS orchestration will encompass the same functionality, encapsulated in pre-integrated, real-time, self-configurable, metadata-driven architectures.”

1. Gartner, "Magic Quadrant for Operations Support Systems,” Martina Kurth, Amresh Nandan, 22 February 2018.

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
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Kristin Reeves
Blanc & Otus
+1.925.787.6744
kreeves@blancandotus.com
About Oracle Communications

Oracle Communications provides integrated communications and cloud solutions for Service Providers and Enterprises to accelerate their digital transformation journey in a communications-driven world from network evolution to digital business to customer experience. www.oracle.com/communications. To learn more about our Communications industry solutions, visit www.oracle.com/communications or join the conversation on LinkedIn and Twitter.

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.

Safe Harbor

The following 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. 

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.925.787.6744

Magic Memories Grows its Business by Capturing Smiles Across the World

Thu, 2018-04-26 11:00
Press Release
Magic Memories Grows its Business by Capturing Smiles Across the World Global tourist experience business accelerates international growth with NetSuite

SUITEWORLD18—LAS VEGAS—Apr 26, 2018

Magic Memories, a business that is revolutionising the guest experience at tourist destinations around the world, has successfully implemented NetSuite OneWorld to support its growth from humble beginnings in Queenstown, New Zealand, to a US$120 million business with a presence at over 170 attractions.

Magic Memories was founded by John Wikstrom and Stuart Norris in 1995 when they saw an opportunity to help travellers capture memories amidst their travels. Wikstrom and Norris realised that not everyone has the talent, skill or equipment to capture high end photographs and video while on vacation and established Magic Memories to provide innovative photography and video products, such as personalised photobooks and shareable digital content. It now partners with some of the most iconic tourist attractions in the world, including Legoland in California, Barcelona Football Club, London Sea Life Aquarium and Warner Bros. Movie World on Australia’s Gold Coast.

Magic Memories has grown from US$30 million in 2015 to US$120 million currently and now operates in ten countries, with approximately 2,500 staff, across its 170 partner attractions around the world. The rapid growth meant Magic Memories needed systems in place that could manage the demands of a sophisticated global business. The business had outgrown its existing management systems, including Xero and manual spreadsheets, and needed an integrated solution that could support operations in multiple countries and across multiple tax systems and currencies.

“Expansion has always been a key aim for Magic Memories, since we first started out and we wanted to be prepared for the future and equip the business with a sophisticated ERP system that could integrate our processes in a single source of truth. Oracle NetSuite gives us exactly that—a future-proof system that expands with us,” said Simon Robinson, acting chief financial officer, Magic Memories. “OneWorld supports our core financial, procurement and supply chain needs and enables us to continue to grow and expand, without operational challenges. When we chose NetSuite as we wanted to build a long-term strategy on a robust system that could grow and scale with the business.”

NetSuite OneWorld has allowed Magic Memories to simplify its reporting processes from days to just hours. These time savings are an added bonus to the flexibility the cloud-based system already provides, which include remote access and its ability to localise the platform to service the region in which it operates. NetSuite’s support for multi-currency, multi-language operations, also means the business remains compliant no matter of its geographic location.

Robinson continued, “we chose NetSuite OneWorld as our ERP system in December 2013 as we were confident that it could meet the needs of our increasingly geographically dispersed business, integrate the whole supply chain and set us up for growth. It’s a system that is well suited to the US$200-500 million company we want to be, as well as the size we were then and are now.”

“It’s been encouraging to see the successful evolution of Magic Memories over the past five years. We’re proud to have played a key role by supporting its growth across multiple regions, and providing Magic Memories with a flexible, global system needed to sustain its global expansion,” said Lee Thompson, group vice president and general manager, Asia Pacific and Japan (APJ) Cloud/ERP at Oracle NetSuite.

Contact Info
Suzanne Myerson
Oracle NetSuite Public Relations
+61 414 101 583
suzanne.myerson@oracle.com
About Magic Memories

Founded in 1995, Magic Memories is the global leader in making people smile. Our Smile Teams are passionate about capturing your once-in-a-lifetime moments at iconic attractions around the globe. We’re always looking for new, innovative ways to help you personalize and commemorate your most exciting experiences. To learn more, visit https://www.magicmemories.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 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.

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

Suzanne Myerson

  • +61 414 101 583

Alex’s Lemonade Stand Foundation Continues One Girl’s Fight Against Childhood Cancer

Wed, 2018-04-25 11:30
Press Release
Alex’s Lemonade Stand Foundation Continues One Girl’s Fight Against Childhood Cancer NetSuite Enables Nonprofit to Focus on What’s Important as it Undergoes Rapid Growth, Extends its Mission to Research

SUITEWORLD18—LAS VEGAS—Apr 25, 2018

Alex’s Lemonade Stand Foundation (ALSF), a national foundation dedicated to raising funds for research into new treatments and cures for all children battling cancer, has selected NetSuite to optimize its financial, donor relations and marketing programs. With NetSuite, the Foundation can increase efficiencies, support its growth and focus on its mission while expanding into new areas such as data-driven research.

Established in 2004, Alex’s Lemonade Stand Foundation is focused on changing the lives of children with cancer through funding impactful research, raising awareness, supporting families, and empowering everyone to help cure childhood cancer. Inspired by Alexandra Scott’s personal battle with neuroblastoma, a childhood form of cancer, and her initial lemonade stand that she opened when she was just four years old, the foundation has raised more than $150 million. To manage its growth, grant distribution, an expanding range of fund raising events, and keep administration costs low to make sure donors’ money is going to the mission, Alex’s Lemonade Stand Foundation selected NetSuite.

“We’re focused on continuing Alex’s fight to bring an end to childhood cancer and support the many families and medical professionals involved in that struggle,” said Liz Scott, Alex’s mother and co-executive director of the Foundation. “As we continue to expand into research of our own, we needed a system that could support our growth and help us better manage our operations. NetSuite was the answer.”

With NetSuite, Alex’s Lemonade Stand Foundation has been able to streamline financial management and marketing. By eliminating previously manual and time-consuming processes, NetSuite has enabled the Foundation to focus on its mission and launch new initiatives, including the way the funds are dispersed. Since 2005, the Foundation has funded more than 800 research projects at 135 hospitals and since 2008, it has also provided support for families that are forced to travel get cancer treatments. In 2017, Alex’s Lemonade Stand Foundation created the Childhood Cancer Data Lab. It has built out a team of data scientists, engineers and designers to create an informatics lab using publicly available sources to make cancer data and analysis widely available, easily mineable and broadly reusable.

“Alex’s Lemonade Stand Foundation is truly inspirational and has shown just how far one person’s vision can reach,” said Evan Goldberg, executive vice president of development, Oracle NetSuite. “We’re thrilled to support nonprofits like ALSF and are happy that we are able to provide the tools they need to focus on the things that will advance their mission.”

NetSuite will host its own lemonade stand at SuiteWorld18. Attendees can make greeting cards for children undergoing treatment, learn about their inspirational stories and are encouraged to share their experience via social media using the hashtags #GiveBack2Alex and #SuiteWorld18. For 2,000 posts, NetSuite will donate $5,000 to Alex’s Lemonade Stand Foundation and for 3,000 posts, NetSuite will donate $10,000 to help find a cure.

Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
michael.s.robinson@oracle.com
About Alex’s Lemonade Stand Foundation

Alex's Lemonade Stand Foundation (ALSF) emerged from the front yard lemonade stand of cancer patient Alexandra “Alex” Scott (1996-2004). In 2000, 4-year-old Alex announced that she wanted to hold a lemonade stand to raise money to help find a cure for all children with cancer. Since Alex held that first stand, the Foundation bearing her name has evolved into a national fundraising movement, complete with thousands of supporters across the country carrying on her legacy of hope. To date, Alex’s Lemonade Stand Foundation, a registered 501(c)3 charity, has raised more than $150 million toward fulfilling Alex’s dream of finding a cure, funding over 800 pediatric cancer research projects nationally. In addition, ALSF provides support to families affected by childhood cancer through programs such as Travel For Care and SuperSibs. For more information on Alex’s Lemonade Stand Foundation, visit AlexsLemonade.org.

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 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.

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

Michael Robinson

  • 781-974-9401

VIVOBAREFOOT Makes Giant Strides in Transforming the Footwear Industry

Wed, 2018-04-25 11:15
Press Release
VIVOBAREFOOT Makes Giant Strides in Transforming the Footwear Industry Leading London-based Barefoot Shoe Company Turns to NetSuite to Support Growth and Shift in Focus to Ecommerce

SUITEWORLD18—LAS VEGAS—Apr 25, 2018

VIVOBAREFOOT, a global barefoot shoe company, has selected Oracle NetSuite to support its transition to an ecommerce business model and its ambitious plans for international growth that include a goal to reach £100 million within the next five years. With NetSuite, VIVOBAREFOOT will be able to eliminate the complexity of its previous systems so that it can quickly and easily monitor and act on critical business data.

Galahad Clark, a 7th generation descendent of the Clark Shoes company founded VIVOBAREFOOT with his cousin Asher Clark in 2012. Their mission is to change the footwear industry based on one simple insight—shoes should let your feet do their natural thing. Every shoe features a patented, ultra-thin, puncture-resistant sole that protects the foot and allows maximum sensory feedback.

To accelerate its growth, VIVOBAREFOOT decided to increasingly focus on ecommerce and delivering great customer experiences and has gone from selling 6,000 pairs of shoes online in 2012 to 120,000 pairs in 2017. In order to manage this growth, support its transition to an ecommerce business and maintain control over its brand and customer experience, VIVOBAREFOOT implemented NetSuite.

“NetSuite is the perfect complement to VIVOBAREFOOT’s omnichannel approach, allowing us to sell through multiple channels and preparing us for the growth we expect over the coming years,” said Damian Peat, Operations Director at VIVOBAREFOOT.

With NetSuite, VIVOBAREFOOT is able to track and manage inventory of the roughly 100 different lines of shoes it produces each year across manufacturing facilities in Portugal, China and Ethiopia. In addition, VIVOBAREFOOT can track financials across its London store, online and franchises in Europe. By unifying inventory, orders and financials on one platform, VIVOBAREFOOT is able to eliminate the complexity of its legacy systems from Prima, Sage 50 and Divendo and focus on continuing to innovate in footwear. For example, VIVOBAREFOOT recently added a vegan line of shoes, an Internet of Things-based smart shoe and an amphibious adventure shoe that features a foam sole made from algae blooms, not only ending the reliance on petrochemicals traditionally used in shoes, but also removing harmful freshwater algae.

“Innovative, fast-growing companies like VIVOBAREFOOT that recognize a new market and capitalize on it quickly are exactly the types of businesses NetSuite has been supporting for nearly two decades,” said Mark Woodhams, vice president EMEA, Oracle NetSuite. “The innovation, intelligent leadership, and drive are what make VIVOBAREFOOT special. By helping them meet their customers’ expectations and expand into new markets we are fulfilling our mission of helping our customer grow today and beyond.”

Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
michael.s.robinson@oracle.com
About VIVOBAREFOOT

VIVOBAREFOOT launched in 2012 as a standalone brand, and is based in London, England. VIVOBAREFOOT is on a mission to change the footwear industry based on one simple insight—shoes should let your feet do their natural thing. The shoes feature a patented, ultra-thin, puncture-resistant sole in every shoe that protects the foot and allows maximum sensory feedback. Designed using ancient wisdom with modern technology VIVOBAREFOOT is a complete shoe collection for off road, exercise and everyday wear, as well as a line for kids. Created by two cousins from a long line of cobblers, Galahad and Asher Clark are on a quest to make the perfect shoe—perfect for feet. VIVOBAREFOOT footwear is produced sustainably using recycled, locally sourced materials in independently monitored factories. For more information on VIVOBAREFOOT, visit www.vivobarefoot.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 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.

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

Michael Robinson

  • 781-974-9401

Loot Crate Achieves Explosive Growth on NetSuite

Wed, 2018-04-25 11:00
Press Release
Loot Crate Achieves Explosive Growth on NetSuite Innovator in Subscription Fandom Finds Flexibility and Success Through Collaboration with NetSuite

SUITEWORLD18—LAS VEGAS—Apr 25, 2018

Loot Crate, the worldwide leader in fan subscription boxes, has implemented NetSuite to manage the rapid growth its undergone in just five years. With NetSuite, Loot Crate has a unified and flexible platform to scale with its growth and handle the complex requirements of its business model.

Ranked #1 on the 2016 Inc. 5,000, and named the fastest growing company in the U.S., Loot Crate is a fan commerce and subscription business delivering themed crates to the world’s most passionate fans. By partnering with more than 250 licensors in sports, entertainment, anime and video games, Loot Crates offer exclusive collectors’ items, from apparel to unique fan experiences to action figures. Loot Crate has delivered over 14 million crates to subscribers in 35 territories globally since it was launched in 2012. To manage the increasing business complexity presented by rapid subscription growth-two warehouses, more than 5,000 active SKUs, and in-house kitting and assembly-Loot Crate selected NetSuite.

“Our success has been built on a unique business model that pairs fandom with the customer experience,” said Erich Gazaui, CIO at Loot Crate.  “Our customers, called Looters, can subscribe to a crate that specifically speaks to their fandom, but they won’t know what items are going to be included until the crate arrives. This creates anticipation, surprise and excitement and has enabled us to create a tight knit community that is rapidly growing. With our high volume of transactions and revenue model, getting the right systems in place was critical to our continued growth.”

NetSuite has provided Loot Crate with the flexibility and scalability required to support its business model, which is based on recurring billing, similar to a software company where payment is time-based rather than fulfillment-based. With NetSuite, Loot Crate is able to manage over 70,000 transactions for fulfillment each day while modernizing and streamlining financials, order management, inventory management, customer relationship management (CRM) and business intelligence systems.

To further streamline business operations and enhance the experience it offers to customers, Loot Crate took advantage of the agility and flexibility offered by NetSuite’s SuiteCloud Development Platform to build a custom tool - The LC Assortment Planner’ - to identify the optimal products to include in each crate and gain real-time insights into business operations. This includes how target unit costs are affected, product weight thresholds for shipping, the ability to update order quantities as sales forecasts change, and a built-in SKU encoder that automates the creation of SKU IDs at the item level.

“Loot Crate’s unique approach to merchandise for fans all over the world and the growth the company has achieved in such a short time is a testament to innovative thinking and execution,” said Jim McGeever, executive vice president, Oracle NetSuite. “With NetSuite helping to manage its operations and automating cumbersome tasks, Loot Crate and other businesses like it can focus on the things that drive growth.”

Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
michael.s.robinson@oracle.com
About Loot Crate

Founded in 2012, Loot Crate™ is a leading subscription commerce platform targeting super fans of entertainment franchises. Loot Crate partners with major studios, game companies, comics publishers, professional sports leagues and personalities in the shared curation of premium and exclusive consumer products in themed mystery boxes, delivered directly to subscribers’ doorsteps. Loot Crate was ranked #1 fastest-growing private company by Inc. magazine’s Inc. 5000 as well as #1 on Deloitte’s Fast 500 list for 2016. For more information and to sign up for a Loot Crate subscription, please visit www.lootcrate.com and for sports subscriptions please see www.sportscrate.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 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.

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Michael Robinson

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Oracle Named a Leader Again in 2018 Gartner Magic Quadrant for Enterprise Integration Platform as a Service

Wed, 2018-04-25 07:00
Press Release
Oracle Named a Leader Again in 2018 Gartner Magic Quadrant for Enterprise Integration Platform as a Service Oracle evaluated based on its ability to execute and completeness of vision

Redwood Shores, Calif.—Apr 25, 2018

Oracle today announced that it has been named a Leader in Gartner’s 2018 “Magic Quadrant for Enterprise Integration Platform as a Service” report¹ for the second consecutive year. Oracle believes that the recognition is testament to the continued momentum and growth of Oracle Cloud Platform in the past year.

Oracle Cloud Platform, which includes Oracle’s iPaaS offerings, has rapidly expanded its installed base in the last year, reaching almost 3,000 customers—nearly triple its size from fiscal year 2017.

“In our view, being recognized as a Leader for two years in a row further demonstrates the value Oracle Cloud Platform is delivering to thousands of enterprises every day,” said Vikas Anand, vice president of product management, Oracle.  “Our comprehensive iPaaS offering has eliminated the barriers between various Oracle and non-Oracle ERP, HCM, and CX applications to provide a seamlessly connected business spanning cloud and on-premises. This comprehensive and easy to use offering, combined with strong synergy with the rest of the Oracle Cloud portfolio, continues to help our customers successfully transform and evolve their businesses by leveraging modern integration technologies, including artificial-intelligence and machine learning-powered services.”

Oracle recently announced autonomous capabilities across its entire Oracle Cloud Platform portfolio, including application and data integration. Autonomous capabilities include self-defining integrations that help customers rapidly automate business processes across different SaaS and on-premises applications, as well as self-defining data flows with automated data lake and data prep pipeline creation for ingesting data (streaming and batch). Oracle also recently introduced Oracle Self-Service Integration, enabling business users to improve productivity and streamline daily tasks by connecting cloud applications to automate processes. Thousands of customers use Oracle Cloud Platform, including global enterprises, along with SMBs and ISVs to build, test, and deploy modern applications and leverage the latest emerging technologies such as blockchain, artificial intelligence, machine learning and bots, to deliver enhanced experiences.

Gartner positions vendors within a particular quadrant based on their ability to execute and completeness of vision.  According to Gartner, “During 2017, the Leaders quadrant accounted for almost 30,000 clients and more than $600 million in revenue, representing more than half of the entire EiPaaS market. The vendors in this quadrant have client numbers in the thousands for their EiPaaS offering, and often many thousands of indirect users via embedded versions of the platform and through "freemium" options. They have a solid reputation, with notable market presence and a proven track record in enabling multiple integration use cases — often supported by the large global networks of their partners. Their platforms are well-proven and functionally rich, with regular releases to rapidly address this fast-evolving market. As the market evolves to provide further capabilities over the coming months and years, it is the Leaders that are best positioned to continue pushing their dominance, although leadership cannot be taken for granted. In the fast-moving EiPaaS market, one misstep could have catastrophic consequences.”

“GE leverages Oracle Integration Cloud to streamline commercial, fulfilment, operations and financial processes of our Digital unit across multiple systems and tools, while providing a seamless experience for our employees and customers,” said Kamil Litman, vice president of software engineering, GE Digital. “Our investment with Oracle has enabled us to significantly reduce time to market for new projects, and we look forward to the autonomous capabilities that Oracle plans to soon introduce.”

Gartner states, “An integration platform as a service (iPaaS) solution provides capabilities to enable subscribers (aka "tenants") to implement data, application, API and process integration projects involving any combination of cloud-resident and on-premises endpoints.” The report adds, “This is achieved by developing, deploying, executing, managing and monitoring integration processes/flows that connect multiple endpoints so that they can work together.”

Oracle’s iPaaS offerings include Oracle Integration Cloud and Oracle SOA Cloud, both part of Oracle Cloud Platform. Oracle Integration Cloud is a simple and powerful integration platform targeting ad hoc integrators with tools such as process automation, while Oracle SOA Cloud delivers a high-control platform for specialist integrators. With more than 100 adapters, customers can quickly integrate and scale Oracle, third-party, and on-premises applications, APIs, people and devices. Additionally, Oracle has many other cross-PaaS offerings that can be combined with Oracle’s iPaaS services to deliver greater productivity.  Those services include Oracle Data Integration Platform Cloud, to support real-time data streaming, batch data processing, and enterprise data quality and governance; Oracle API Platform Cloud, for API first design and management; and Oracle IoT Cloud, for IoT integration. Oracle API Platform Cloud, leveraging Apiary’s unique API-first design tool used by over 300,000 developers and 400,000 APIs, is designed to eliminate the complexities associated with transforming on-premises API solutions into the cloud, so companies can thrive in the digital economy.

Download a complimentary copy of Gartner’s 2018 “Magic Quadrant for Enterprise Integration Platform as a Service” here.

¹ Gartner, “Magic Quadrant for Enterprise Integration Platform as a Service,” by Keith Guttridge, Massimo Pezzini, Eric Thoo, Bindi Bhullar, Betty J. Zakheim, April 18, 2018

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
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Kristin Reeves
Blanc & Otus
+1.925.787.6744
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 www.oracle.com.

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Nicole Maloney

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Kristin Reeves

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From Home Kitchen to Multimillion Dollar Business: hint® Achieves Rapid Growth on NetSuite

Tue, 2018-04-24 12:00
Press Release
From Home Kitchen to Multimillion Dollar Business: hint® Achieves Rapid Growth on NetSuite NetSuite Helps Pioneering Healthy Lifestyle Company Innovate and Scale in a Crowded Market

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

hint inc., a San Francisco-based provider of unsweetened, fruit flavored water, has grown from a family-run business to a multimillion-dollar company in just a decade with NetSuite. As its founder eyes growth targets of $1 billion, NetSuite will enable hint® to scale its critical business systems as it goes toe-to-toe with industry giants.

Started by Kara Goldin in the kitchen of her San Francisco Bay Area home in 2005, hint was inspired by Goldin’s personal health journey. To replace her 10-can-a-day Diet Coke habit and stay off the soda, Goldin wanted to make water more drinkable and started to experiment by adding fruit into pitchers of water. After rave reviews from her friends and family, and the failure to find a similar unsweetened flavored water in the market, Goldin pitched the idea to Whole Foods. An initial 10 cases sold out overnight and within six months, hint water was on the shelves of Whole Foods stores nationwide. To support this rapid growth, scale the business and ensure products are manufactured as close as possible to the point of distribution, hint selected NetSuite.

“I didn’t set out to launch a beverage company, but as I learned more about the options available to consumers, I realized that it was time to shake things up,” said Goldin, a former long-time AOL executive. “The market was ready, but it was still dominated by centuries-old stalwarts. To have our voice heard in such a crowded space, we needed to couple all of our startup energy and enthusiasm with business processes that allowed us to operate like a much larger firm. NetSuite has given us a platform to grow our business so that we can focus on delighting our customers.”

With NetSuite, hint has been able to avoid IT complexity as its business has grown by automating inventory and order management practices with financial and accounting processes from a very early stage. By adopting business process best practices of much larger organizations from the beginning, hint has been able to quickly capitalize on market opportunities. Building on this success, hint started selling direct to consumers in 2014 and B2C sales now make up a huge percentage of hint’s business.

“hint offers so many lessons on purposeful growth, from its very inception, to the way it continues to influence the industry,” said Jim McGeever, executive vice president Oracle NetSuite. “We are excited to partner with the hint team to help support its next stage of growth.”

Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
michael.s.robinson@oracle.com
About hint Inc.

hint inc., the San Francisco-based company founded by entrepreneur Kara Goldin in 2005, is a healthy lifestyle brand known for its delicious unsweetened flavored water. hint® makes it easier and more enjoyable for consumers to live healthier lives. The company’s products have received numerous accolades, including Best Flavored Water (Health, Men’s Health, and SELF), Best New Product (Better Homes and Gardens) and the Silver Stevie Award for Best New Product. Since its launch, hint has been making water taste great without adding any sugar or diet sweeteners. hint’s brands include its flagship product, hint water, its sparkling product line, hint fizz®, and its lightly caffeinated line, hint kick®. hint recently expanded its product offerings into other health and wellness categories with the launch of hint sunscreen spray, a SPF 30 mist that is oxybenzone and paraben-free and scented with hint fruit essences. hint’s products are available nationwide in most major specialty and grocery stores and are available at drinkhint.com for delivery direct to your door. For more information, visit www.drinkhint.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 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.

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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Michael Robinson

  • 781-974-9401

NetSuite Unveils World’s First Intelligent Cloud Suite

Tue, 2018-04-24 11:45
Press Release
NetSuite Unveils World’s First Intelligent Cloud Suite Artificial intelligence and machine learning deliver insights, automation and intelligent interactions

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

Providing customers with the tools and insight required to meet rapidly evolving business demands, Oracle NetSuite today announced the world’s first intelligent cloud suite. By natively building powerful artificial intelligence and machine learning-based capabilities within its leading cloud business management suite, NetSuite can deliver the insight, interaction and automation customers need to grow their business.

“A pioneer in the cloud, NetSuite has long been a leader in providing powerful business intelligence across its suite,” said Jim McGeever, executive vice president, Oracle NetSuite. “With new artificial intelligence and machine learning capabilities within NetSuite, we’re equipping our customers to understand not only what’s happened with their business, but what will happen in the future and how they can stay ahead.”

Businesses can no longer rely on backward-looking data or traditional business intelligence (BI) systems to successfully grow, scale and adapt to change. To provide the real time-insights businesses need today, NetSuite has built upon its existing native BI functionality by incorporating advanced machine learning and sophisticated data science within its unified cloud suite. The new intelligent cloud combines NetSuite and third-party data to enable businesses to make proactive and timely decisions and take action from right within the NetSuite application. 

“A future where AI drives new business models is quickly becoming the present,” said R “Ray” Wang, principal analyst and founder, Constellation Research. “Having business applications that can deliver predictive, prescriptive and automated outcomes is going to be an imperative for businesses that want to grow and succeed in the years to come.”

The new artificial intelligence and machine learning based capabilities enable businesses to glean better insights, drive efficiencies by further automating processes and determine the next best action with predictive actions. The intelligent cloud suite can deliver benefits to business users across the organization.

  • Finance and Procurement Professionals: AI and machine learning enables finance professionals to improve audit risk analysis, analyze past payment history with vendors and customers and enhance cash flow predictions, a key pain point for growing businesses.
  • HR Professionals: AI and machine learning enables HR professionals to create profiles of the best candidate based on existing top performers, predict high performers who might be a flight risk and better automate employee self-service by identifying what questions employees might have based on role, time of year or other factors.
  • Supply Chain Professionals: AI and machine learning offers supply chain professionals the potential to not only identify risks or potential upcoming problems in the supply chain but, as it learns, provide potential solutions.
  • Manufacturing Professionals: AI and machine learning helps manufacturing professionals optimize labor schedules in the warehouse based on past performance or predicted demand and identify machinery in need of maintenance before it becomes a problem.
  • Commerce Professionals: AI and machine learning helps commerce professionals significantly boost searchandising and improve online sales and conversions by serving up products customers are more likely to buy based on key indicators such as past purchases, search history and results of similar buyers.
  • Customer Services Professionals: AI and machine learning provide customer service professionals with more accurate results around total customer lifetime value by using predictions of costs to the support organization, anticipated satisfaction and information on a customer’s likelihood of renewal.
  • Marketing Professionals: AI and machine learning help marketers improve campaign optimization by identifying what type of campaigns lead to a conversion with what frequency and what type of sale based on demographics, a profile within the customer base, and activity on the website, at events or other available data points.
  • Sales Professionals: AI and machine learning for sales teams support intelligent interactions guiding agents through the sales process, personalizing it for the prospect, the product and upsell, and cross-sell opportunities.
 

“Data is the new gold. With NetSuite, we have real-time insights and visibility into all of our key performance indicators, enabling us to make lightning fast decisions,” said Tony Drockton, Founder and CEO of Hammitt, a Los Angeles-based luxury accessories brand. “Building in intelligence and automation will make using NetSuite easier and more powerful than it already is.”

Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
michael.s.robinson@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 http://www.netsuite.com.

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.

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.

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Michael Robinson

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NetSuite Enables Businesses to Launch an Online Store Within 30 Days

Tue, 2018-04-24 11:30
Press Release
NetSuite Enables Businesses to Launch an Online Store Within 30 Days New ecommerce solution gives customers the freedom to grow and evolve their online business

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

Empowering businesses to quickly and efficiently deliver engaging online experiences, Oracle NetSuite today announced an innovative new ecommerce product. The latest release of SuiteCommerce enables businesses to launch a sophisticated online store within 30 days and provides the freedom to grow and evolve to meet the changing needs of shoppers. The first 1,000 customers to sign up for SuiteCommerce get implementation included for pre-defined themes*. To learn more about the offer, sign up here.

“With SuiteCommerce, businesses can quickly and easily launch, manage and enhance their ecommerce site. From day one, they get a single, unified solution that supports their entire business and will be the first and last system they will ever need,” said Jim McGeever, executive vice president, Oracle NetSuite. “Most importantly, our unique approach puts an end to long, costly implementations and allows customers to get the most they can from their commerce investment.”

To keep up with ever-evolving customer expectations, merchants need an ecommerce solution they can easily manage, extend and enhance without development resources. The new NetSuite commerce solution meets this need by providing themes, accelerated deployment, drag-and-drop site management tools and plugins to extend site capabilities. In addition, ecommerce is integrated with the NetSuite platform so businesses gain the advantage of having a single source of real-time order, customer and inventory information to create seamless omnichannel brand experiences and streamline business processes.

“SuiteCommerce is the perfect solution for us,” said Bob Sullivan, CEO and owner of DASH Medical Gloves, a leading supplier of high quality protective gloves for a variety of industries. “It’s amazing how much you can do without a lot of technical knowledge. The fact that we can go in and make changes to the site, add new products or run promotions with simple drag-and-drop tools is extremely valuable. The beauty of this approach is that we can continually evolve our website to meet changing customer needs.”

SuiteCommerce delivers:

  • Full-Featured SaaS Ecommerce: By supporting B2C and B2B ecommerce on the same platform, SuiteCommerce provides uniquely branded, relevant shopping experiences that drive online engagement and conversion. To help businesses further increase engagement, a selection of themes optimized for performance, engagement and conversion are available. All themes are fully responsive to provide a consistent experience no matter how shoppers browse the store.
  • Easy to Implement: Rapid site implementation enables faster time to value, increased business efficiency and greater customer satisfaction. By leveraging the knowledge, experience and best practices from thousands of ecommerce deployments, SuiteSuccess for SuiteCommerce enables customers to get a best-in-class B2C or B2B online store with commerce reports, dashboards and KPIs within 30 days.
  • Easy to Manage: Drag-and-drop site management tools allow non-technical users to edit pages and manage content. This gives business users the ability to update the look and feel of their site without the help of a developer. In addition, users can easily complete multiple changes to the site and then schedule them for future deployment based on business needs.
  • Easy to Extend: Business users can quickly and easily expand the capabilities of their stores with extensions. Extensions are designed to upgrade seamlessly with each release, allowing customers to enhance their site in a way that’s maintainable. To support developers, the NetSuite Commerce Extension Framework provides an API that makes it easy for developers to create their own extensions.
 

* SuiteSuccess for SuiteCommerce implementation service included with the purchase of SuiteCommerce
1. Offer applies only to webstores built with the purchase of NetSuite’s SuiteCommerce Module
2. Offer is available for the implementation of a single webstore hosted under a single domain
3. Offer is only available for implementation services that leverage NetSuite’s pre-defined theme templates for design and functionality of the webstore
4. Offer is valid for webstores that transact in USD only; are subject to a tax jurisdiction(s) within the United States; and display only US English on the webstore
5. Additional descriptions which define webstore functionality, the implementation services, & the provision of training services will be defined in a Statement of Work provided by NetSuite Professional Services
6. Promotional pricing is available for new and current customers who contract for subscription and services on or before 5/31/2018
7. Customers are required to complete the self-paced training class; Getting Ready for Commerce, which is provided at no additional cost, prior to the scheduled start date of any implementation services

Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
michael.s.robinson@oracle.com
About Oracle NetSuite

Oracle NetSuite Global Business Unit 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 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’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.

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.

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

NetSuite Industry Innovations Help Businesses Accelerate Growth

Tue, 2018-04-24 11:15
Press Release
NetSuite Industry Innovations Help Businesses Accelerate Growth New industry-specific solutions, finance, HR, supply chain and data analytics transform and improve business operations

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

Oracle NetSuite today announced a series of new innovations to help organizations across industries drive growth, reduce costs and quickly and easily achieve the benefits of cloud computing. The latest innovations within the NetSuite platform include new SuiteSuccess industry cloud solutions, enhanced financial management, HR and supply chain capabilities, new innovations for product and service companies, and a powerful new data analytics solution.

Successfully growing a business has never been harder. New technologies, rapidly shifting consumer expectations and evolving industry regulations continue to change the game. For business leaders, this can feel like a no-win situation, particularly as competition continues to increase and results are under the microscope. The latest innovations from NetSuite help business leaders navigate this change, overcome the barriers to growth and successfully scale by delivering industry best practices, new customer engagement models and business optimization methods, more than 20 major enhancements to core business applications and powerful data processing and visualization capabilities.

“Many companies are able to get their businesses up and running only to struggle when the time comes to reach the next stage of growth,” said Jim McGeever, executive vice president of Oracle NetSuite. “With continuous innovation, we give our customers the tools to overcome the barriers to growth.”

New Industry SuiteSuccess Cloud Solutions

To deliver faster time to value, increased efficiency and provide the flexibility to foster growth and customer success, NetSuite is introducing 14 new editions of SuiteSuccess. A unified, and pre-configured industry cloud solution, SuiteSuccess is built on industry leading practices, combining deep domain knowledge with pre-built KPIs and dashboards. The latest editions are designed to meet the unique requirements of micro-verticals and span a variety of specific industries, company sizes and maturity in the cloud ERP journey. The new SuiteSuccess editions include:

  • Starter: Designed for small and rapidly growing company needs, including finance and accounting, order-to-cash and procure-to-pay.
  • Commerce: Designed for retailers and other ecommerce-focused business needs, including website development and order management.
  • Technology Services: Designed for technology services provider needs, including project management, sales, order and financial management.
  • Consulting Services and Consulting Services Emerging: Two new editions designed for consulting services organizations at different stages of growth with finance and accounting, project and resource management.
  • Manufacturing and Manufacturing Emerging: Two new editions support manufacturers at different stages of growth with inventory, supply chain and order management.
  • Food and Beverage Manufacturer: Designed for food and beverage manufacturers, including features for demand planning, tracking and traceability.
  • Advertising, Media and Publishing: Three new editions designed for agencies, media and entertainment and publisher needs, including features for resource allocation, time and expense, and reporting.
  • OneWorld, Administrator and Accounting: Three new editions for existing NetSuite customers are designed to support global growth, enhance the capabilities and knowledge of NetSuite administrators and ensure accounting features within NetSuite are being maximized.

New Vertical Industry Functionality

To help customers accelerate growth while reducing costs, NetSuite has introduced more than 20 major enhancements to its core application. The enhancements include new industry-specific capabilities for product and services companies as well as innovative HR and financials functionality. The latest updates include:

  • Innovations for Product Companies: For companies in industries like manufacturing, wholesale distribution and retail, NetSuite is delivering new features that increase efficiency, deliver greater insights and improve the customer experience. The enhancements include new supply chain control tower, warehouse management, fulfillment, engineering change management, quality management system and landed costing capabilities.
  • Innovations for Services Companies: To help service companies improve profitability, resource management, revenue management and revenue recognition, NetSuite has introduced enhanced project profitability reporting, advanced revenue management enhancements, charge-based billing for ‘time-based rules,’ a new UI for weekly timesheets, a deferred expense waterfall report and new resource allocation grid filters.
  • Innovative Financial Features: To ensure customers have a leading-edge financials solution, NetSuite has reworked its cash management and bank reconciliation functionality in order to streamline the process and give companies better control of one of their key assets - cash. The latest additions include an enhanced online bank statement reconciliation and transaction matching engine, improved bank statement import record capabilities, full translation support for electronic payments and new multi subsidiary customer support.
  • Innovative HR Features: Building on the launch of NetSuite SuitePeople, an HR offering natively built on NetSuite’s unified cloud suite, NetSuite has introduced a range of new capabilities to help HR professionals attract, manage, train and retain talent. New capabilities include a mobile employee directory, payroll dashboard, headcount and turnover analytics, absence management enhancements and integration with Oracle Taleo Business Edition.
  SuiteAnalytics

To help customers make better business decisions, NetSuite has introduced new SuiteAnalytics capabilities, including a powerful consumer grade data exploration tool that brings rapid, secure and meaningful data exploration capabilities to non-technical users enabling them to gain real-time insight into the business without needing to wait for data warehouses to be updated, outdated reports to be written our moving large amounts of important company data to unsecure spreadsheets.

Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
michael.s.robinson@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 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.

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.

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