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Bank and Insurance Innovators to Benefit from European Oracle Fintech Innovation Program with B-Hive Europe

Thu, 2018-06-28 07:00
Press Release
Bank and Insurance Innovators to Benefit from European Oracle Fintech Innovation Program with B-Hive Europe European Bank and Insurance Innovators to Benefit from Accelerated Monetization of Fintech Capabilities, Oracle and B-Hive Europe to collaborate on Fintech Innovation Program

Redwood Shores, Calif.—Jun 28, 2018

Oracle has chosen Brussels as a European gateway to roll out its Fintech Innovation Program to Europe. Oracle plans to dedicate additional European staff and resources to set up mutually monetizable relationships with fintechs and digital banking innovators. Oracle plans to work with B-Hive Europe to accelerate enterprise readiness for participating fintechs and banks.

Brussels was chosen as Oracle’s European fintech hub because of its central location and the presence of leading institutions of the European Union. Oracle’s customers will benefit from a renewed focus on European affairs.

Johan Van Overtveldt, Belgium’s Minister of Finance, said, “I wholeheartedly support the decision of Oracle to organize their European rollout from Brussels. Oracle is a global, reliable, technology company and B-Hive Europe is an important public and private sector collaboration. I expect this relationship to create real momentum in the acceleration of financial innovation in Belgium and Europe. It further strengthens Brussels as a pan-European hub for fintech and thus contributes to our strategy to focus on attracting niche financial activities, such as fintech, insurance and market infrastructures.”

“At Oracle, we realize that in Europe, results-driven digital innovation is thriving because of the historical roots of banking. We are choosing Brussels as our fintech center for mainland Europe because of its excellent location,” said Rik De Deyn, senior innovation director, Oracle, who’ll be leading the European rollout. “Brussels is easy to reach from most European financial hubs, close to the European Commission, and an ideal location to bring together fintech innovators and financial institutions,” he added. “Our work with B-Hive Europe will inevitably result in a faster time to innovation value for banks and insurers, and accelerated monetization for fintechs.”

B-Hive Europe is a collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players to work on common innovation challenges and build bridges to the start-up and scale-up community.

“Adding BigTech firms to our ecosystem is an important part of our strategy to grow and expand innovation for our start-ups, scale-ups and financial service partners,” said Fabian Vandenreydt, Executive Chairman, B-Hive Europe. “With Oracle, we share a focus on accelerated productization and monetization of fintech innovation for the benefits of the full ecosystem. As our strategic cloud infrastructure collaborator, we welcome Oracle’s expertise to help our start-up and scale-up community reach higher levels of enterprise readiness, security and scalability. And this will benefit our bank, insurance and market infrastructure partners in the short term.”

The European fintech market is growing rapidly and banks have an appetite for tangible results. A number of fintech firms have previously worked with Oracle and B-Hive Europe, and welcome the collaboration.

Hanna Zubko, CEO and Co-Founder of IntellectEU Inc, a smart integration and development company focused on blockchain for financial services, explained: “IntellectEU is proud to be part of the unique ecosystem that Oracle and B-Hive Europe have created. This important work offers industry leading technology and strong business relations that our customers need."

Alain Vansnick, Senior VP at TAS Group, a mature fintech running payments and credit card software, said, “Our collaboration with Oracle as a cloud technology provider has been transformational to our business over the past years, generating real revenue opportunities. We are now joining B-Hive Europe because we believe that a collaboration between big tech, fintech, banks and public sector can also transform the market.”

NGDATA, the Intelligent Customer Data Platform, has benefited from B-Hive Europe’s programs from the start, and runs on Oracle technologies. Luc Burgelman, CEO, looks forward to this collaboration: “Oracle and B-Hive share a focus on enterprise-ready, scalable results. We believe in data-based innovation. Oracle and B-Hive Europe combining forces couldn’t have come at a better time.”

The fintech program is globally spearheaded by Mark Smedley, VP Financial Services Solutions; De Deyn will be leading the European effort.

Contact Info
Paul de Lara
Oracle
+44 7471 020937
paul.de.lara@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.

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

Paul de Lara

  • +44 7471 020937

The Executive Centre Expands Network and Services to Deliver Ultimate Work Experience

Tue, 2018-06-26 15:00
Press Release
The Executive Centre Expands Network and Services to Deliver Ultimate Work Experience Leading Provider of Serviced and Virtual Offices Streamlines Critical Business Processes to Support Rapid Global Growth with NetSuite OneWorld

Hong Kong—Jun 26, 2018

The Executive Centre, a provider of premium serviced office facilities, shared co-work spaces and virtual offices in Asia-Pacific, implemented NetSuite to support its rapid global growth and expanding service portfolio. Headquartered in Hong Kong, The Executive Centre has averaged 20 percent annual growth for the past 10 years and now operates 115 centers in 13 countries.

Founded in 1994, The Executive Centre offers a member-centric experience that promotes connection, personal growth and professional achievement and serves clients ranging from startups to multinationals such as Pfizer, Expedia and Twitter.

To meet the demands of distributed, global and mobile businesses, The Executive Centre has added properties in prime locations across Asia Pacific and the Middle East, while also introducing new technology, contemporary interior design and a wide range of business services such as concierge, accounting, professional translation and people management. In order to manage the business complexity presented by rapid international expansion and an increasingly diverse service portfolio, The Executive Centre implemented NetSuite OneWorld four years ago.

“Businesses today need more than just basic office space, they need to be able to offer an experience that meets the demands of a global and mobile workforce,” said Jason Wong, CTO, The Executive Centre. “As we expanded our network and services to meet those requirements, we needed to rethink our business operations. With NetSuite we have a global business management platform that has reduced operating complexity and enabled us to focus time and resources on delivering the ultimate work experience for our clients.”

By switching from Microsoft Dynamics NAV (Navision) to NetSuite OneWorld, The Executive Centre has been able to improve operational efficiency by taking advantage of a real-time, unified global business management platform. As a result, The Executive Centre has been able to streamline and modernize financials, multi-subsidiary management, revenue recognition, billing, multi-currency transactions and multi-country tax compliance. This has enabled The Executive Centre to meet the evolving business needs of its clients across its 34 subsidiaries that span China, India, Hong Kong, Indonesia, South Korea, Japan, Taiwan, Singapore, Australia, Sri Lanka, Macau and Vietnam as well as its recently opened location in Dubai, United Arab Emirates.

“The Executive Centre has achieved incredible success over the last 10 years and the member-centric experience it offers its clients is really impressive,” said Lee Thompson, group vice president and general manager, Asia Pacific and Japan at Oracle NetSuite. “We are thrilled to play a key role in its future expansion in Asia Pacific and beyond.”

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Contact Info
Suzanne Myerson
Oracle NetSuite
+61 414 101 583
suzanne.myerson@oracle.com
About the Executive Center

The Executive Centre offers a personalized approach to the constantly evolving landscape of workspace solutions. For the last two decades, TEC has been a leading provider of Serviced and Virtual Offices, in addition to Coworking, Meeting Rooms and Conference Spaces. The company operates 115 centres in 13 countries. Learn more about at https://www.executivecentre.com/.

About Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials/Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 40,000 organizations and subsidiaries in 199 countries and territories.

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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Suzanne Myerson

  • +61 414 101 583

Oracle Empowers Customers to Embrace Cloud Innovation

Tue, 2018-06-26 07:30
Press Release
Oracle Empowers Customers to Embrace Cloud Innovation Free online learning platform helps customers gain more value from Oracle Cloud Applications with comprehensive learning paths and modules, live events and an introduction to guided learning

Redwood Shores, Calif.—Jun 26, 2018

An entry look at the new Oracle LaunchPad

Oracle (NYSE: ORCL) today unveiled a free digital learning platform designed to help customers quickly and easily take advantage of the continuous innovation within Oracle Cloud Applications. Developed by Oracle University, the new Oracle LaunchPad online learning platform provides comprehensive learning paths and task-focused modules with video tutorials and step-by-step instructions. Oracle is also offering SaaS customers free live ‘Quick Start’ learning events and a ‘Starter Pack’ for guided in-app overlays to further accelerate end-user adoption.

“Cloud technology changes rapidly and new features and capabilities are constantly being added to our cloud applications,” said Damien Carey, senior vice president, Oracle University. “Oracle LaunchPad makes it easier for customers to take advantage of the continuous innovation within our suite of cloud applications. This is powered by the industry’s most comprehensive learning platform and platinum-level support services that are offered at no additional cost.”

In addition to its easy-to-navigate learning platform, Oracle is the only SaaS vendor that provides free live ‘Quick Start’ events and a ‘Starter Pack’ for guided, in-app learning to accelerate onboarding and cloud adoption.

“Oracle’s success in cloud applications is closely linked to our customers’ success so we’re continually raising the bar for baseline support,” said Catherine Blackmore, group vice president, Oracle North America Customer Success. “Oracle LaunchPad online learning resources are a key feature of our no-cost platinum-level SaaS support offering, which also includes 24/7 rapid support, proactive technical monitoring, success planning and adoption guidance. Oracle SaaS Support Services along with Oracle Soar, our innovative cloud migration offering, make it easy for customers to upgrade and thrive in the cloud.”

A sample view of Oracle University's Guided Learning Solution

Part of Oracle’s new platinum-level SaaS Support Services, Oracle LaunchPad will include:

  • 24/7 on-demand training: Oracle’s on-demand digital learning platform enables customers to search and learn topics and tasks of their choosing, on their own schedule.
  • Essential training and best practice content: Oracle LaunchPad features the latest digital training on thousands of topics spanning the Oracle Cloud Application portfolio. There are currently around 2,000 topics on 70 cloud services.
  • Comprehensive learning paths for all positions: Tailored to the specific needs of administrators, implementers, and business users, learning paths guide users through their cloud learning experience by grouping training modules on specific skills and topics.
  • Searchable content: Powerful filtering capabilities help users find the training they need. Users can search and choose where to get started by filtering for role, skill level, cloud service, and functional area within a cloud service.
  • Personalized Dashboard: Users can edit their learning profile to better identify training topics that meet their specific needs.
  • Gamification and tutorials: Modules feature product images and embedded videos with demonstrations. As users complete modules, they can take quizzes, and earn points and badges that accumulate throughout the process.
 

In addition, Oracle offers two free introductory programs:

  • Guided learning Starter Pack: Oracle’s unique guided learning experience enables end users to learn while completing real tasks.
  • Quick Start Live events: Quick Start live events enable customers to learn from Oracle experts and ask questions in a live forum.
 

The full suite of Oracle’s free platinum-level SaaS Support Services are now available for North American customers using Oracle ERP Cloud, Oracle EPM Cloud, Oracle SCM Cloud, Oracle HCM Cloud and Oracle CX Cloud.

For additional information on Oracle SaaS Support Services, visit oracle.com

Contact Info
Bill Rundle
Oracle
1.650.506.1891
bill.rundle@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.

Safe Harbor Statement

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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Bill Rundle

  • 1.650.506.1891

Oracle Extends Cloud-based Warehouse Management to Give Customers Enhanced Logistics Performance and Global Inventory Visibility

Tue, 2018-06-26 07:02
Press Release
Oracle Extends Cloud-based Warehouse Management to Give Customers Enhanced Logistics Performance and Global Inventory Visibility Improvements to Oracle Warehouse Management Cloud include yard management, enhanced solution extensibility, and integrations to Inventory Management Cloud

Redwood Shores, Calif.—Jun 26, 2018

To help customers reduce logistics costs, optimize inventory levels and improve customer service, Oracle today announced extended Oracle Warehouse Management (WMS) Cloud capabilities. The latest global enhancements offer heightened inventory visibility through yard management and integration with Oracle Inventory Management Cloud, as well as improved extensibility with the addition of new REST Application Programming Interfaces (APIs).

Legacy transportation and warehouse management systems are often unable to provide insight into trailers in the yard, which creates a significant gap into visibility that can lead to fulfillment delays. Oracle WMS Cloud yard management capabilities directly address this challenge, making it easier to locate shipments in trailers in order to expedite unloading for high priority inventory.

Oracle Integration Service (ICS) based integrations between Oracle WMS Cloud and Oracle Inventory Management Cloud will enable Oracle Enterprise Resource Planning (ERP) and Supply Chain Management (SCM) Cloud customers to rapidly implement source-to-settle and order-to-cash flows to improve business responsiveness. The addition of REST web service APIs improves extensibility and enables customers to customize Oracle WMS Cloud for their specific business and industry needs.

“We were consistently running out of inventory and needed a scalable solution that would deliver real-time visibility into inventory to grow our business,” said Eduardo Gonzalez de Boado Halcon, vice president of Supply Chain at Supermercados Peruanos, “Since implementing Oracle WMS Cloud, our stock outs have reduced by 80 percent and our market share has increased by six percent, which equates to a lot of revenue.”

“Today’s eCommerce driven economy has changed customer expectations for fulfillment, and delays or inconsistencies can significantly impact customer satisfaction and loyalty,” said Diego Pantoja-Navajas, vice president, WMS Product Development at Oracle. “The extended capabilities to Oracle WMS Cloud enable companies to gain greater visibility of inventory so they can implement more rapidly, reduce costs, optimize inventory levels and deliver consistent, high-quality customer experience.”

The enhancements further strengthen Oracle’s position as the leader in cloud-based Warehouse Management Systems, and Transportation Management Systems, delivering end-to-end logistics capabilities including Oracle Warehouse Management Cloud, Oracle Transportation Management Cloud, and Oracle Global Trade Management Cloud.

The latest improvements to Oracle WMS Cloud include:

  • Yard Management: Offers organizations inventory visibility into trailers and their contents in the yard. This allows companies to expedite unloading high priority trailers and shipments needed to speed-up order fulfillment.
  • Solution Extensibility: Allows customers/partners to build customized extensions to standard cloud-based WMS capabilities using REST web service application programming interfaces. These tailored functionalities enable personalized timelines to meet specific business requirements while reducing cost.
  • Oracle Inventory Management Cloud Integration: Oracle Integration Service (ICS) based integrations to Oracle Inventory Management Cloud for inbound logistics, inventory operations and outbound fulfillment. This enables Oracle ERP and SCM Cloud customers to implement source-to-settle and order-to-cash flows at an accelerated pace.
  • Improved User Experience: A new browser-based user interface look and feel helps to simplify the user experience.
  • Global Support: Ten additional languages are supported, including traditional Chinese, traditional French, German, Italian, Japanese, Korean, Polish, Russian, Thai and Turkish.
  • Barcode Scanning: Allows processing of multi-element 1D barcodes and 2D barcodes.
Contact Info
Vanessa Johnson
Oracle
+1.650.607.1692
vanessa.n.johnson@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.

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

Vanessa Johnson

  • +1.650.607.1692

Pharmas Turn to Oracle to Meet New Drug Safety Reporting Regulations in China

Tue, 2018-06-26 07:00
Press Release
Pharmas Turn to Oracle to Meet New Drug Safety Reporting Regulations in China

Shanghai, China—Jun 26, 2018

Luoxin Biotechnology (Shanghai) Co., Ltd. (“Luoxin Bio”) and Innovent Biologics, Inc. (“Innovent Bio”) have selected Oracle Argus to help them comply with new drug safety regulations and reporting in China.

Since 2018 the regulatory landscape for drug safety and pharmacovigilance in China has changed dramatically. The China Food and Drug Administration (CFDA) has been driving reforms to improve the quality of drugs and to encourage innovation in the development of new drugs and medical devices. This change is driving demand for pharmacovigilance and drug safety reporting solutions that can help pharmaceutical and medical device companies meet regulatory demands while shortening time to market for life-altering therapies.

Luoxin Bio has selected Oracle Argus to meet the FDA and CFDA’s regulatory compliance on clinical report submissions for their international study. With Oracle Argus, Luoxin will have a single global safety database and an integrated workflow for superior safety reporting.  

Innovent Bio selected Oracle Argus to eliminate manual processes associated with reporting its adverse events (AEs) and serious adverse events (SAEs). The company’s pharmacovigilance team turned to Oracle Argus to eliminate manual data entry and potential errors on narrative drafting and to automatically track and support changing regulations in various global regions for timely reporting.

Oracle Argus is a comprehensive pharmacovigilance platform that enables biopharma companies to make faster and better safety decisions, optimize global compliance and integrate risk management into key processes.

Contact Info
Valerie Beaudett
Oracle Corporation
+1 650.400.7833
valerie.beaudett@oracle.com
Meghan Roman
Blanc and Otus
+1 415.260.1857
meghan.roman@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

Valerie Beaudett

  • +1 650.400.7833

Meghan Roman

  • +1 415.260.1857

Oracle Recognized as a Leader in Email Marketing by Independent Analyst Firm

Mon, 2018-06-25 07:00
Press Release
Oracle Recognized as a Leader in Email Marketing by Independent Analyst Firm Oracle Responsys, part of Oracle Marketing Cloud, cited for up-leveling its operations, tech and creative services

Redwood Shores, Calif.—Jun 25, 2018

Oracle Marketing Cloud has been named a leader in email marketing solutions by Forrester Research. The Forrester Wave™: Email Marketing Service Providers, Q2 2018 recognizes Oracle Responsys for its “great services combined with already strong reporting, collaboration, and global support.” The report also notes Oracle believes up-leveling its “operations, tech, and creative services to its strategy and analytics offerings will differentiate Oracle from other marketing clouds.” A complimentary copy of the full report can be downloaded here.

“If you’ve ever had to create personalized customer experiences across multiple channels, you know how difficult it can be to do this at scale,” said Tony Castiglioni, VP of Product Management, Oracle Marketing Cloud. “By integrating cutting edge technology such as AI into our email personalization and sending capabilities, we empower our clients to improve customer engagements and drive competitive differentiation. In our view, being recognized by Forrester as a leader in this space underscores Oracle’s commitment to delivering robust marketing solutions that help our customers increase ROI and drive more impactful customer experiences.”

According to Forrester, “email marketing [is] the old salt of your digital toolkit, and still the most cost effective promotional channel.” The evaluation criteria in this year’s report focused on email marketing fundamentals as well as capabilities that help marketers advance their email marketing applications. Of the eight vendors Forrester evaluated, Oracle Marketing Cloud was one of two companies recognized as a leader across 26 criteria, which were grouped into three categories: current offering, strategy and market presence. Oracle received the highest possible scores for the collaboration, security, distributed business model support, globalization, agency relationships, strength of management team, and employee retention criteria.

“It’s the combination of the best platform and best services offering—including strategic and creative services—that empowers our customers to do innovative, award-winning and highly profitable digital marketing,” said Lisa Harmon Stephens, VP of Creative Services, Oracle Marketing Cloud. Forrester’s report noted one client reference described the value of balancing “great services combined with already strong reporting, collaboration, and global support,” saying,  “The Oracle platform is more robust [than competitors’]. But its creative side is the key to its success.”

Oracle Responsys is part of Oracle Marketing Cloud, an integrated portfolio of best-in-class B2B and B2C applications that empowers marketers to deliver irresistible, consistent and connected customer experiences that help drive sales and increase brand loyalty. Harnessing the power of artificial intelligence, Oracle Marketing Cloud provides contextually informed, personalized experiences at scale and in real-time so marketers can reach customers wherever they are, and however they choose to engage.

To learn more about Oracle’s position within the Forrester Wave for Email Marketing Solutions, check out the corporate blog. Additional information on Oracle Marketing Cloud can be found at www.oracle.com/marketingcloud/index.html.

Like this story? Tweet this: @Forrester names @Oracle a leader in email marketing and notes its great services combined with already strong reporting, collaboration, and global support. Get the report now https://bit.ly/2IjXtLf

Contact Info
Siobhan Lyons
Oracle PR
650-506-3753
siobhan.lyons@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.

Talk to a Press Contact

Siobhan Lyons

  • 650-506-3753

KCR Streamlines Drug Safety Reporting with Oracle

Mon, 2018-06-25 07:00
Press Release
KCR Streamlines Drug Safety Reporting with Oracle Taps Oracle Argus to grow its pharma, biotech and medical device pharmacovigilance business

Redwood Shores, Calif.—Jun 25, 2018

KCR, a full-service contract research organization (CRO) for pharmaceutical, biotechnology and medical device companies, is improving the way it meets its clients’ pharmacovigilance and drug safety reporting needs with Oracle Argus.

The increase in drug consumption and the rise in drug reactions are fueling the need for improved monitoring and reporting of adverse events during clinical trials and after drug approval. With its eye on growth, KCR is streamlining the recording and tracking of its clients’ serious adverse events (SAEs) reported during clinical studies by leveraging modern technology to replace manual, repetitive data entry.

“Many of our clients are developing breakthrough medications, especially in oncology and CNS, so it is critical that we are able to support their safety reporting needs with a solution to process SAEs to regulatory authorities worldwide,” said Anna Baran, chief medical officer, KCR. ”We need to provide constant expertise on global and local safety requirements and this is the reason we selected Oracle Argus safety and pharmasol’s rapidLIVE. We have been able to dramatically streamline the process of recording, tracking and reporting adverse events during clinical studies and have seen significant increased efficiencies and time savings.”

Oracle Argus provides KCR with a safety database and system that tracks all regulatory submissions giving clients peace of mind by enabling them to meet stringent regulatory compliance mandates. For example, in the European Union, adverse events reported into the European Medicines Agency’s Eudravigilance database must meet the new ICH E2BR3 reporting standard. Oracle Argus enables this seamlessly with a click of a button, helping eliminate manual, time consuming and error-prone processes.

A trusted KCR partner, pharmasol, helped implement the hosted Argus solution using its rapidLIVE Software as a Service solution. 

“We are pleased to report that the time it took from KCR’s selection of Oracle Argus and their full implementation was approximately 7 weeks,” said Tim Billington, pharmasol’s chief sales officer.

Contact Info
Valerie Beaudett
Oracle Corporation
+1 650.400.7833
valerie.beaudett@oracle.com
Sarah Heinz
CMG
+ 44(0) 207 067 0424
sheinz@cmgrp.com
About Oracle

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

About KCR

KCR is a Contract Research Organization (CRO) providing clinical development solutions for the pharmaceutical, biotechnology and medical device industries. The company supports clients with full-service capabilities across three main services: Trial Execution (TE), Functional Service Provision (FS) and Late Phase (LP) over a broad range of therapeutic areas. KCR operates across four main regions: North America (NA), Western Europe (WE), Central Europe (CE) and Eastern Europe (EE) with hubs located in Boston, US, Berlin, Germany, Warsaw, Poland and Kiev, Ukraine respectively. The company’s geographical set up suits perfectly to deliver optimized trial execution strategies for life-changing therapies. For more information, visit www.kcrcro.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

Sarah Heinz

  • + 44(0) 207 067 0424

Expanded Oracle Accelerator Gives Texas Startups a Boost

Fri, 2018-06-22 06:00
Press Release
Expanded Oracle Accelerator Gives Texas Startups a Boost New Austin-based program offers enterprise customer network, mentoring, resources and cloud technology, as well as Capital Factory collaboration, to help startups grow and compete globally

Redwood Shores, Calif.—Jun 22, 2018

Oracle today announced the opening of the Oracle Startup Cloud Accelerator in Austin, Texas, the global program’s first U.S. location and part of the Oracle Global Startup Ecosystem. The new accelerator provides statewide startups with access to a network of more than 430,000 Oracle customers, technical and business mentors, state-of-the-art technology, co-working space at Capital Factory, introductions to partners, talent, and investors, and free Oracle Cloud credits. In addition to local expertise, the program offers an ever-expanding global community of startup peers and program alumni.

Austin Startup Cloud Accelerator

The Oracle Startup Cloud Accelerator, which is open to early-stage technology and technology-enabled startups, is accepting applications through August 7. Startups will begin the six-month program in early September.

Oracle’s Austin Startup Cloud Accelerator is run by JD Weinstein. Weinstein, a former Principal at WPP Ventures and previously a Venture Associate at Capital Factory, brings a deep understanding of the local startup ecosystem and scaling startups through enterprise relationships.

“Austin and the State of Texas are thriving centers of innovation, and we are proud to dive in and support the startup community with cutting edge resources, including enterprise customer channels, hands-on experience with Oracle technical and product teams, mentoring from top business leaders, executives, and investors, as well as connections to thousands of entrepreneurs and corporate partners through our collaboration with Capital Factory,” said JD Weinstein, head of Oracle Startup Ecosystem in Austin.

Capital Factory & Austin Network

Oracle is working with Capital Factory to provide connections to the organization’s expansive network of local entrepreneurs, prominent CEOs, venture capitalists, corporations, and government officials. Startups in Oracle’s accelerator will also receive access to Capital Factory’s Mentor Network, free co-working space, and will benefit from the reach of the organization’s social media and event communities. Members of Oracle’s broader Global Startup Ecosystem will also benefit from the relationship with Capital Factory.

“We are excited that Oracle has invested in Austin as the first U.S. location of its global accelerator,” said Joshua Baer, founder and executive director, Capital Factory. “The combination of our mentor network and Oracle’s cloud platform and customer connections will provide startups a major advantage in growing their business.”

The Startup Cloud Accelerator is supported by Oracle’s rapidly growing presence in Austin. The company recently opened a state-of-the-art campus on Lady Bird Lake. Oracle’s expanding employee base and the new facility will provide additional resources and support for startups in the accelerator program.

Commitment to Global Startups

“Rooted in its own entrepreneurial beginnings, Oracle has long believed that startups are at the heart of innovation,” said Reggie Bradford, senior vice president, Oracle Startup Ecosystem and Accelerator. “The Austin accelerator is key to our mission of creating a global ecosystem of co-development and co-innovation where everyone—the startups, customers, and Oracle—can win.”

The Oracle Global Startup Ecosystem offers residential and nonresidential startup programs, plus a burgeoning higher education program, that power cloud-based technology innovation. The residential Oracle Startup Cloud Accelerator has locations in Austin, Bangalore, Bristol, Delhi–NCR, Mumbai, Paris, São Paulo, Singapore and Tel Aviv. Oracle Scaleup Ecosystem is the nonresidential, virtual-style program available for growing companies around the globe. Interested startups, venture capital firms and other organizations, regardless of their location, can apply for Oracle Scaleup Ecosystem here.

Contact Info
Julia Allyn
Oracle Corporate Communications
+1.650.607.1338
julia.allyn@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.

Talk to a Press Contact

Julia Allyn

  • +1.650.607.1338

Oracle Introduces New Java SE Subscription Offering for Broader Enterprise Java Support

Thu, 2018-06-21 09:00
Press Release
Oracle Introduces New Java SE Subscription Offering for Broader Enterprise Java Support Java SE Subscription Provides Licensing and Support for Java SE on Servers, Desktops, and Cloud Deployments

Redwood Shores Calif—Jun 21, 2018

In order to further support the millions of worldwide businesses running Java in production, Oracle today announced Java SE Subscription, a new subscription model that covers all Java SE licensing and support needs. Java SE Subscription removes enterprise boardroom concerns around mission critical, timely, software performance, stability and security updates. Java SE Subscription complements Oracle’s long-standing and continued free Java SE releases and stewardship of the OpenJDK ecosystem where Oracle now produces open source OpenJDK binaries, enabling developers and organizations that do not need commercial support or enterprise management tools.

Java SE Subscription provides commercial licensing, including commercial features and tools such as the Java Advanced Management Console to identify, manage and tune Java SE desktop use across the enterprise. It also includes Oracle Premier Support for current and previous Java SE versions.  For further details please visit FAQ list at: http://www.oracle.com/technetwork/java/javaseproducts/overview/javasesubscriptionfaq-4891443.html

“Companies want full flexibility over when and how they update their production applications.” Said Georges Saab, VP Java Platform Group at Oracle. “Oracle is the world’s leader in providing both open source and commercially supported Java SE innovation, stability, performance and security updates for the Java Platform. Our long-standing investment in Java SE ensures customers get predictable and timely updates.”

“The subscription model for updates and support has been long established in the Linux ecosystem. Meanwhile people are increasingly used to paying for services rather than products.” said James Governor, analyst and co-founder of RedMonk. “It’s natural for Oracle to offer a monthly Java SE subscription to suit service-based procurement models for enterprise customers.”

"At Gluon we are strong believers in commercial support offerings around open source software, as it enables organizations to continue to produce software, and the developer community to ensure that they have access to the source code." said Johan Vos, Co-founder and CTO of Gluon. "Today's announcement from Oracle ensures those in the Java Community that need an additional level of support can receive it, and ensures that Java developers can still leverage the open-source software for creating their software. The Java SE Subscription model from Oracle is complementary to how companies like Gluon tailor their solutions around Java SE, Java EE and JavaFX on mobile, embedded and desktop."

To learn more about Java SE Subscription, please visit https://www.oracle.com/java/java-se-subscription.html. Java is the world’s most popular programming language, with over 12 million developers running Java. Java is also the #1 developer choice for cloud, with over 21 billion cloud-connected Java virtual machines.

Contact Info
Alex Shapiro
Oracle
+1 415-608-5044
alex.shapiro@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.

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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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Alex Shapiro

  • +1 415-608-5044

Intercollegiate Tennis Association and Oracle Announce Multi-Year Extension

Thu, 2018-06-21 07:00
Press Release
Intercollegiate Tennis Association and Oracle Announce Multi-Year Extension

TEMPE, Ariz. and Redwood Shores, Calif.—Jun 21, 2018

The Intercollegiate Tennis Association and Oracle are excited to announce a multi-year extension to their alliance, as Oracle continues to strengthen its ongoing commitment to collegiate tennis.

The Oracle ITA alliance includes Oracle’s ongoing sponsorship of the Oracle ITA Collegiate Tennis Rankings, the Oracle ITA Masters and Oracle ITA National Fall Championships, while adding title sponsorships to the ITA Summer Circuit (now branded as the Oracle ITA Summer Circuit Powered By UTR) and the Division I and Division III National Team Indoor Championships.

“Our partnership with ITA has been a great success to date, and we’re eager to keep expanding the game,” said Oracle CEO Mark Hurd. “We want to ensure that young players understand that collegiate tennis offers terrific opportunities to improve their games, play in great venues in a team environment, all while getting an education that will serve them well for the rest of their lives.”

ITA CEO Timothy Russell added, “The ITA is thrilled to be continuing our wonderful working relationship with Oracle; an incredibly innovative company with an astonishing forward-thinking CEO. Both parties are committed to positively shaping the future of college tennis. Oracle’s attention to creating events of high distinction, in which the best players in college want to participate and fans want to watch, either in person or from the comfort of their own home via television and live streaming, is elevating our game.”

The newly-christened Oracle ITA Summer Circuit Powered by UTR will serve as a model for level-based play in the near 50 tournaments contested during the Summer Circuit’s six-week duration. The Oracle ITA Summer Circuit Powered by UTR, which began in 1993, provides college tennis players, along with junior players, alumni and young aspiring professionals, the opportunity to compete in organized events during the summer months. For the third consecutive year, the Oracle ITA Summer Circuit Powered by UTR will feature nearly 50 tournaments across 23 different states, during a six-week stretch from late June to the end of July. The circuit will culminate at the ITA National Summer Championships, hosted by TCU from August 10-14, which will feature prize money for the first time.

“The ITA Summer Circuit is yet another great opportunity to influence the quality of American tennis and Oracle is excited to play a part in it,” said Hurd. “The summer circuit is the ideal opportunity for all players, from collegians to juniors, to play competitively year-round.”

Oracle will now have an expanded presence in the dual-match portion of the college tennis schedule by becoming the title sponsor of all four National Team Indoor Championships. Contested during the months of February and March, the Oracle ITA National Team Indoor Championships feature 16 of the nation’s top men’s and women’s teams from Division I, and eight highly-ranked men’s and women’s Division III teams vying for a national indoor title.

“We are excited that Oracle will serve as the title sponsor for the National Team Indoor Championships,” said Russell. “The National Team Indoor Championships feature elite fields and stand as a good season-opening barometer for how the dual-match season will play out.”

Serving as the culmination to the fall season, the Oracle ITA National Fall Championships will take place November 1-5, 2018, at the Surprise Tennis & Racquet Complex in Surprise, Arizona, which recently hosted the 2018 NCAA Division II National Championships and previously hosted the 2016 ITA Small College Championships.

The Oracle ITA National Fall Championships features 128 of the nation’s top collegiate singles players (64 men and 64 women) and 64 doubles teams (32 men’s team and 32 women’s teams). In its second year, having replaced the ITA National Indoor Intercollegiate Championships, it is the lone event on the collegiate tennis calendar to feature competitors from all five divisions playing in the same tournament.

Created in 2015, the Oracle ITA Masters has established itself as one of the premier events of the collegiate tennis season. The Oracle ITA Masters features singles draws of 32 for men and women, and a mixed doubles event with a 32-draw. Players are chosen based upon conference representation, similar to the NCAA Tournament.

Contact Info
Deborah Hellinger
Oracle Corporate Communications
212-508-7935
deborah.hellinger@oracle.com
Dan Johnson
ITA Marketing and Communications
303-579-4878
djohnson@itatennis.com
About the ITA

The Intercollegiate Tennis Association (ITA) is committed to serving college tennis and returning the leaders of tomorrow. As the governing body of college tennis, the ITA oversees women’s and men’s varsity tennis at NCAA Divisions I, II and III, NAIA and Junior/Community College divisions. The ITA administers a comprehensive awards and rankings program for men's and women’s varsity players, coaches and teams in all divisions, providing recognition for their accomplishments on and off the court. For more information on the ITA, visit the ITA website at www.itatennis.com, like the ITA on Facebook or follow @ITA_Tennis on Twitter and Instagram.

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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Deborah Hellinger

  • 212-508-7935

Dan Johnson

  • 303-579-4878

Bourbon Ibirapuera Streamlines Property Operations, Creates New Guest Experiences with Oracle Cloud

Wed, 2018-06-20 08:00
Press Release
Bourbon Ibirapuera Streamlines Property Operations, Creates New Guest Experiences with Oracle Cloud Brazilian Hotel Implements Integrated Suite of Hospitality, ERP and CX

Redwood Shores, Calif.—Jun 20, 2018

Oracle today announced that Bourbon Ibirapuera has selected a suite of Oracle solutions including OPERA and Simphony Cloud, Fusion ERP, OPERA Loyalty, OPERA OWS, Oracle Sales Cloud, Eloqua and Hyperion as part of an initiative to streamline operations across properties and arm hotel associates with new insights that inform personalized guest experiences. Bourbon Ibirapuera initially invested in OPERA Cloud, Simphony Cloud and ERP Cloud solutions before adding Oracle Sales Cloud and Eloqua products for a full suite of operations, back-office and customer facing technologies. Bourbon Ibirapuera will be the first hotel in Brazil to install these solutions and arm staff with cloud tools that enable deeper guest interaction and loyalty.

“Bourbon Ibirapuera’s choice of Oracle is a testament to the value that Oracle horizontal and vertical products bring to all segments of the hospitality market,” said Bernard Jammet, senior vice president, Oracle Hospitality. “With these new tools Bourbon Ibirapuera will be able to augment their guest experience and compete with larger chains and properties in region.”

“The hospitality industry as a whole spends too much time and effort managing multiple vendors and building integrations across solutions to maximize the value from IT investments,” said John Chen, CEO, Bourbon Ibirapuera. “After an initial investment in OPERA and Simphony Cloud we quickly realized the value of investing in a suite of solutions with existing integrations. With our new suite of solutions we are arming our business with deeper insights to empower informed management decisions, streamlining the reservation process and optimizing hotel operations in an integrated way.”

As a longtime customer of Oracle Hospitality, Bourbon Ibirapuera’s experience with OPERA delivering value for hospitality operations established Oracle as a clear front runner for the upgrade project. A phased integration approach, first focusing on the back end operational infrastructure before adding new marketing tools, allowed Bourbon Ibirapuera to effectively manage digital transformation and prepare staff for a cloud transition. Bourbon Ibirapuera’s implementation will also bring several new customer-facing features to the region including web and mobile check-in and more targeted incentives for new or repeat guests including personalized rates and promotions.

Bourbon Ibirapuera will bring these point of sale, online reservation, financial and budget planning and CRM and marketing tools online in June 2018 after a four month implementation process.

Contact Info
Matt Torres
Oracle
415-595-1584
matt.torres@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

About Oracle Hospitality

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

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

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

Matt Torres

  • 415-595-1584

St. HOPE Accelerates Mission to Support Sacramento Youth

Wed, 2018-06-20 08:00
Press Release
St. HOPE Accelerates Mission to Support Sacramento Youth Nonprofit Founded by Former NBA All-Star and Sacramento Mayor Turns to NetSuite to Support Growth Beyond the Classroom

SAN MATEO, Calif.—Jun 20, 2018

 

St. HOPE, a nonprofit community development corporation, has leveraged Oracle NetSuite to support its mission to create one of the finest urban pre-kindergarten through 12th grade public school systems in the United States. With NetSuite SuiteSuccess for Nonprofits, St. HOPE has been able to streamline critical business functions in order to focus its time and resources on providing high quality public education and creating living-wage sustainable jobs.

Founded by former NBA All-Star and Sacramento mayor Kevin Johnson in 1989, St. HOPE began as a single, portable classroom that served as an afterschool program for Sacramento High School students. Today, it serves 1,800 students through five charter schools and manages residential properties as well as an Art and Cultural Center that includes a cafe, bookstore, barbershop, art gallery and 200-seat theater. The charter school network focuses on students from urban communities and aims to graduate self-motivated, industrious and critical-thinking leaders who are committed to serving others, passionate about lifelong learning and prepared to earn a degree from a four-year college.

“As we found success with the schools, the organization realized that we had an opportunity to do more in the community,” said Julian Love, chief financial officer, St. HOPE Community Development. “That meant we needed a system that could better track and manage finances. SuiteSuccess fit exactly what we needed.”

With the preconfigured roles, dashboards and nonprofit industry best practices within SuiteSuccess, St. HOPE has been able to shorten payroll processes by 87 percent, digitize and gain greater control over purchasing processes, and achieve real-time visibility into its financial performance. As a result, St. HOPE has been able to manage the increasing business complexity presented by its growth and expanding scope. St. HOPE selected NetSuite SuiteSuccess for Nonprofits in March 2017 and went live with a full-fledged Enterprise Resource Planning (ERP) system in less than three months.

“NetSuite has a proud history of helping organizations in the nonprofit sector,” said David Geilhufe, Senior Director, Social Impact & Nonprofit, Oracle NetSuite. “With SuiteSuccess, we’re able to help thriving organizations like St. HOPE to quickly and easily manage critical business functions so they can focus on their mission and on helping the community.”

Contact Info
Danielle Tarp
Oracle NetSuite Corporate Communications
650-506-2904
danielle.tarp@oracle.com
About St. HOPE

St. HOPE began in 1989 in a portable classroom at Sacramento High School as an after-school program named St. HOPE Academy. Founded by NBA All-Star and Oak Park native Kevin Johnson, St. HOPE is a nonprofit community development corporation whose mission is to revitalize the Oak Park community through public education, and economic development. Learn more at www.sthope.org.

About Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials/Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 40,000 organizations and subsidiaries in 199 countries and territories.

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

he 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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Danielle Tarp

  • 650-506-2904

Oracle Utilities Ranks No. 1 in Home Energy Management

Wed, 2018-06-20 07:00
Press Release
Oracle Utilities Ranks No. 1 in Home Energy Management Navigant names Oracle the leader in customer engagement and demand side management technology

Redwood Shores, Calif.—Jun 20, 2018

Oracle, the largest provider of cloud technology for the utility industry once again earned the top spot in a Navigant Research Leaderboard report that ranks companies in the home energy management (HEM) space. Oracle Utilities, which acquired Opower in 2016, received the highest ranking in this 2018 report due to significant market penetration of its home energy management solution across 100 utilities and its ability to offer utility companies a comprehensive, end-to-end utility software solution at scale around the world.

“This is significant validation of our continued leadership and support of our utility customers,” said Rodger Smith, SVP and general manager of Oracle Utilities. “Since acquiring Opower we have continued to innovate in the rapidly evolving home energy management market to deliver the strongest results in the category. Our investment in scalable solutions that connect every customer enables tighter customer-to-grid integration for the utility of the future.”

Prior to joining Oracle, Opower has been consistently ranked as the top provider since Navigant introduced the HEM Leaderboard, due to its leading capabilities in this category including home energy reports, behavioral demand response, smart meter and rates engagement, billing insights and alerts and embeddable online tools.

“Home energy management (HEM) is a broad market of technologies and services that consumers use to better manage and control their home energy consumption and production. With the development of the smart home and connected devices, energy management has become a critical part of the digitization of the home. Oracle Utilities’ Opower solutions are at the forefront of monitoring energy usage, demand side management programs and increasing customer engagement to increase energy efficiency,” said Paige Leuschner, Research Analyst at Navigant.

The Navigant Research Leaderboard Report examines the strategy and execution of 14 companies that offer HEM software solutions and rates them on 10 criteria: vision, go-to-market strategy, partners, technology, geographic reach, sales and marketing, product performance, product portfolio and integrations, pricing, and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked to provide an objective assessment of each company’s relative strengths and weaknesses in the global HEM market.

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 Utilities

Oracle Utilities delivers business critical applications that help electric, gas and water utilities worldwide enhance customer experience, increase operational efficiency and achieve performance excellence. Our customer care and billing, network management, work and asset, field services, meter data management and analytics solutions integrate with Oracle’s leading enterprise applications, BI tools, middleware, database technologies, servers and storage. We are the largest provider of cloud services in the industry today, serving the entire utility value chain from the grid to the meter to end customers. Our software enables customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands, and deliver on energy efficiency commitments. Find out how we can become your trusted advisor—visit www.oracle.com/utilities.

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

Q4 FY18 GAAP EPS UP 8% TO $0.82 and NON-GAAP EPS UP 11% TO $0.99

Tue, 2018-06-19 14:21
Press Release
Q4 FY18 GAAP EPS UP 8% TO $0.82 and NON-GAAP EPS UP 11% TO $0.99 Q4FY18 Total Revenue Up 3% to $11.3 Billion and FY18 Total Revenue Up 6% to $39.8 Billion

Redwood Shores, Calif.—Jun 19, 2018

Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q4 results and fiscal 2018 full year results. In Q4, Total Revenues were up 3% to $11.3 billion compared to Q4 last year. Q4 Cloud Services and License Support revenues were up 8% to $6.8 billion. Q4 Cloud License and On-Premise License revenues were down 5% to $2.5 billion.

Q4 GAAP Operating Income was up 8% to $4.4 billion, and GAAP Operating Margin was 39%. Q4 Non-GAAP Operating Income was up 6% to $5.3 billion, and non-GAAP Operating Margin was 47%. Q4 GAAP Net Income was $3.4 billion, and non-GAAP Net Income was $4.1 billion. Q4 GAAP Earnings Per Share was up 8% to $0.82, while non-GAAP Earnings Per Share was up 11% to $0.99.

At the end of Q4, short-term deferred revenues were up 2% to $8.4 billion, while Operating Cash Flow on a trailing twelve-month basis was up 9%, or $1.3 billion, to a record $15.4 billion.

For the full fiscal year 2018, Total Revenues were up 6% to $39.8 billion compared to fiscal 2017. FY18 Cloud Services and License Support revenues were up 10% to $26.3 billion. FY18 Cloud License and On-Premise License revenues were down 4% to $6.2 billion.

FY18 GAAP Operating Income was up 8% to $13.7 billion, and GAAP Operating Margin was 34%. FY18 Non-GAAP Operating Income was up 9% to $17.6 billion, and non-GAAP Operating Margin was 44%. FY18 GAAP Net Income was $3.8 billion, and non-GAAP Net Income was $13.2 billion. FY18 GAAP Earnings Per Share was $0.90, while Non-GAAP Earnings Per Share was $3.12.

“Last year, I forecast double-digit non-GAAP earnings per share growth for FY18 and we delivered 14% growth this year, largely driven by strong growth in our cloud businesses,” said Oracle CEO, Safra Catz. “Looking ahead to FY19, I expect revenue growth will enable us to deliver double-digit non-GAAP earnings per share growth once again.”

“We had a great fourth quarter with total revenues more than $200 million above our constant currency forecast,” said Oracle CEO, Mark Hurd. “Our strategic Fusion ERP and HCM SaaS cloud applications suite revenues grew over 50% in the fourth quarter, and we expect continued strong growth from our Fusion SaaS suites throughout FY19.”

“Some of our largest customers have now begun the process of moving their on-premise Oracle databases to the Oracle Cloud,” said Oracle Chairman and CTO, Larry Ellison. “For example, AT&T is moving thousands of databases and tens of thousands of terabytes of data into the Oracle Cloud. We think that these large scale migrations of Oracle database to the cloud will drive our PaaS and IaaS businesses throughout FY19.”

The Board of Directors also declared a quarterly cash dividend of $0.19 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on July 17, 2018, with a payment date of July 31, 2018.

Q4 Fiscal 2018 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the live webcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q4 results and fiscal 2018 financial tables are available on the Oracle Investor Relations website.

A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Pass Code: 6866209.

Contact Info
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
Deborah Hellinger
Oracle Corporate Communciations
+1.212.508.7935
deborah.hellinger@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/ or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.

Trademarks

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

“Safe Harbor” Statement

Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding our expectations for future growth in revenues, non-GAAP earnings per share and our Fusion SaaS suite of products, and our beliefs that large scale customer cloud migrations will drive our PaaS and IaaS businesses in FY19, are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Our cloud computing strategy, including our Oracle Cloud SaaS, PaaS, IaaS and data as a service offerings, may not be successful. (2) If we are unable to develop new or sufficiently differentiated products and services, enhance and improve our products and support services in a timely manner or position and price our products and services to meet demand, customers may not buy cloud licenses and on-premise licenses, cloud services or hardware products or purchase or renew support contracts. (3) If the security measures for our products and services are compromised or if our products and services contain significant coding, manufacturing or configuration errors, we may experience reputational harm, legal claims and reduced sales. (4) Economic, political and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (5) Our international sales and operations subject us to additional risks that can adversely affect our operating results, including risks relating to foreign currency gains and losses. (6) We have an active acquisition program and our acquisitions may not be successful, may involve unanticipated costs or other integration issues or may disrupt our existing operations. (7) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, fluctuations in currency exchange rates, delays in delivery of new products or releases or a decline in our renewal rates for support contracts. A detailed discussion of these factors and other risks that affect our business is contained in our U.S. Securities and Exchange Commission (SEC) filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. All information set forth in this press release is current as of June 19, 2018. Oracle undertakes no duty to update any statement in light of new information or future events. 

Talk to a Press Contact

Ken Bond

  • +1.650.607.0349

Deborah Hellinger

  • +1.212.508.7935

Oracle Hospitality OPERA Reporting and Analytics Cloud Service Arms Hoteliers with Critical Insights to Improve Operational Efficiencies and Create Rewarding Guest Experiences

Tue, 2018-06-19 08:00
Press Release
Oracle Hospitality OPERA Reporting and Analytics Cloud Service Arms Hoteliers with Critical Insights to Improve Operational Efficiencies and Create Rewarding Guest Experiences New Analytical Tools Empower Corporate Revenue Managers, Property General Managers and Front Desk Managers to Make More Strategic Decisions

Redwood Shores, Calif.—Jun 19, 2018

Oracle Hospitality today unveiled OPERA Reporting and Analytics Cloud Service, a new offering providing hotel management with access to business data and performance metrics, intuitive data visualization and customized reporting. OPERA Reporting and Analytics Cloud Service is powered by Oracle Business Intelligence (OBI) an industrial-strength analytics engine known for its capability to develop, design and deploy reports that is used by Fortune 100 organizations to leapfrog their competitors. With Oracle Business Intelligence at the core, OPERA Reporting and Analytics Cloud Service empowers corporate hotel executives and front-desk staff to make more strategic decisions that optimize operational efficiency, enhance guest experience, and drive continued revenue.

“OPERA Reporting and Analytics was developed with the goal of simplifying reporting, creating a common reporting platform for both our restaurant and hotel customers and integrating with OPERA platform to provide actionable insights to the hospitality industry faster than ever,” said Laura Calin, vice president strategy and solutions, Oracle Hospitality. “With these new tools hotel staff at every level can make more accurate and strategic decisions that align to corporate growth objectives while enabling meaningful guest interactions that enhance guest loyalty.”

OPERA Reporting and Analytics enables smarter decisions and better forecasts by allowing management to easily analyze and visualize data on property financial performance, guest profiles, reservations, room rates and revenue metrics, restaurant sales, catering events, and blocks. The solution can be fully customized to reflect performance indicators and metrics unique to individual properties and multiple tiers of hotel staff.

Empowering Staff at Every Level to Execute Better

OPERA Reporting and Analytics provides hotel staff at all levels to drive revenue and better guest experiences with a variety of use cases including:

  • Allowing corporate and area revenue managers to analyze performance across multiple properties in a region and understand the factors that cause revenue to fluctuate year to year.
  • Providing general managers with deep analysis of daily operations and measurement against room revenue, food and beverage revenue and occupancy which can be aligned with monthly, quarterly and annual performance goals.
  • Empowering front desk management to offer better guest experience by accelerating guest check-in and prioritizing room availability for loyal or VIP guests with near real-time perspective on departures and room inventory.

Contact Info
Matt Torres
Oracle
415-595-1584
matt.torres@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.

About Oracle Hospitality

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

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

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 above 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

Matt Torres

  • 415-595-1584

Italian Core Banking Market Takes Major Leap Forward with Cabel and Oracle

Fri, 2018-06-15 07:00
Press Release
Italian Core Banking Market Takes Major Leap Forward with Cabel and Oracle Invest Banca S.p.A. is the first Italian bank to implement Oracle FLEXCUBE, localized and integrated by banking outsourcer Cabel Industry S.p.A.

Redwood Shores, Calif.—Jun 15, 2018

Cabel, an IT service provider for the financial services market in Italy since 1985, and Oracle Financial Services Global Business Unit, announced the availability today of Oracle FLEXCUBE for the Italian market. Oracle FLEXCUBE is a core banking solution that has been adopted by more than 600 financial institutions around the world.

Cabel and Oracle have collaborated since 2016 to localize the Oracle FLEXCUBE solution to improve the process of marketing new products and services to the Italian market, where client requirements are evolving rapidly. In recent months, the Oracle FLEXCUBE solution has been adapted to the regulations governing the Italian banking market and is now fully able to support the typical activity of the Italian banking system.

“The attitude of the banking system towards innovation is changing and at the same time there is a growing interest in the world of fintech. Invest Banca, thanks to the Oracle FLEXCUBE solution, has taken a decisive step forward. We went live with this Open Banking Platform May 7th and Oracle FLEXCUBE now allows us to easily and efficiently integrate with a series of specialized solutions already in use by our retail and institutional clients, but moreover, it allows us to keep apace with ever more demanding banking regulations, such as MiFID, PSD2 and GDPR. It also facilitates our interaction and experimentation with the latest technology advances such as Robo-Advisor, artificial intelligence, data science, social trading and blockchain,” said Stefano Sardelli, Managing Director of Invest Banca.”

Cabel implemented the Italian version of Oracle FLEXCUBE making it possible to integrate in an already live and running banking system covering other banking operations. The solution can be outsourced or used on premise.

"This is a radically innovative solution, because it is a technology that facilitates the creation of lean products and services that are independent and based on completely different and more modern logic than traditional core banking systems in Italy,” said Francesco Bosio, President of Cabel Holding S.p.A.

“Oracle’s strategy is to work with leading local partners, who bring local domain skills to our best-in-class global solutions," said Chet Kamat, Senior Vice President, Banking, Oracle Financial Services. "Cabel is an innovation-oriented company and we chose to work with Cabel knowing it could fully utilize our modern, flexible technology to respond to the changes imposed by the digital age. As a result, Italian banks will see a significant improvement in their own productivity and market offerings—and their customers will get the benefit of excellent customer experience.”

Contact Info
Stefano Cassola
Oracle
39 022 495 9032
stefano.cassola@oracle.com
Sara D’Agati
Cabel Industry S.p.A.
39 339 8610096
sara.dagati@hfilms.net
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

Stefano Cassola

  • 39 022 495 9032

Sara D’Agati

  • 39 339 8610096

Oracle Launches Internet Intelligence Map Providing a Unique View into the Global Internet

Wed, 2018-06-13 11:25
Press Release
Oracle Launches Internet Intelligence Map Providing a Unique View into the Global Internet Free dashboard delivers insight into the impact of internet disruptions

VELOCITY, San Jose, Calif.—Jun 13, 2018

Oracle (NYSE:ORCL) today announced availability of the Internet Intelligence Map, providing users with a simple, graphical way to track the health of the internet and gain insight into the impact of events such as natural disasters or state-imposed interruptions. The map is part of Oracle’s Internet Intelligence initiative, which provides insight and analysis on the state of global internet infrastructure. To access the free Internet Intelligence Map, visit internetintel.oracle.com.

For more than a decade, members of Oracle’s Internet Intelligence team have broken some of the biggest stories about the internet. From BGP hijacks to submarine cable breaks, Oracle’s Internet Intelligence team frequently publishes objective data and analysis that informs public understanding of the technical underpinnings of the internet and its effects on topics like geopolitics and e-commerce. With today’s news, Oracle is now making core analytic capabilities available to everyone via the Internet Intelligence Map. Using one of the world’s most comprehensive internet performance data sets and backed by years of research and analytics, Oracle has developed the premier resource and authority for reliable information on the functioning of the internet.

“The internet is the world’s most important network, yet it is incredibly volatile. Disruptions on the internet can affect companies, governments, and network operators in profound ways,” said Kyle York, vice president of product strategy for Oracle Cloud Infrastructure and the general manager for Oracle’s Dyn Global Business Unit. “As a result, all of these stakeholders need better visibility into the health of the global internet. With this offering, we are delivering on our commitment to making it a better, more stable experience for all who rely on it.”

The Internet Intelligence Map presents country-level connectivity statistics based on traceroutes, BGP, and DNS query volumes on a single dashboard. By presenting these three dimensions of internet connectivity side-by-side, users can investigate the impact of an issue on internet connectivity worldwide.

“It’s important to have a global view of the internet in order to understand how external events prevent users from reaching your web-based applications and services. It is only when you have this insight that you can work around those issues to improve availability and performance,” said Jim Davis, Founder and Principal Analyst of Edge Research Group.

The Internet Intelligence Map is just one of many advanced awareness and visibility tools that help Oracle improve the experience of the cloud by making it better and more reliable every day. This offering is powered by Oracle Cloud Infrastructure, which offers a set of core infrastructure services to provide customers the ability to run any workload in the cloud. Only Oracle Cloud Infrastructure provides the compute, storage, networking, and edge services necessary to deliver the end-to-end performance required of today's modern enterprise.

Contact Info
Danielle Tarp
Oracle
+1.408.921.7063
danielle.tarp@oracle.com
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
About Oracle Cloud Infrastructure

Oracle Cloud Infrastructure combines the benefits of public cloud (on-demand, self-service, scalability, pay-for-use) with those benefits associated with on-premises environments (governance, predictability, control) into a single offering. Oracle Cloud Infrastructure takes advantage of a high-scale, high-bandwidth network that connects cloud servers to high-performance local, block, and object storage to deliver a cloud platform that yields the highest performance for traditional and distributed applications, as well as highly available databases. With the acquisitions of Dyn and Zenedge, Oracle Cloud Infrastructure extended its offering to include Dyn’s best-in-class DNS and email delivery solutions and Zenedge’s next-generation Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) capabilities.

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

Danielle Tarp

  • +1.408.921.7063

Nicole Maloney

  • +1.650.506.0806

New Oracle Autonomous Cloud Services Ease Mobile Development, Data Integration

Wed, 2018-06-13 07:00
Press Release
New Oracle Autonomous Cloud Services Ease Mobile Development, Data Integration AI-based PaaS services cut costs and speed development of chatbots, data integration, and API management

Redwood Shores, Calif.—Jun 13, 2018

Oracle (NYSE: ORCL) today announced the availability of its next-generation Oracle Cloud Platform services featuring built-in autonomous capabilities, including Oracle Mobile Cloud Enterprise, Oracle Data Integration Platform Cloud, and Oracle API Platform Cloud. With embedded artificial intelligence (AI) and machine learning, these platform services automate operational tasks to enable organizations to lower cost, reduce risk, accelerate innovation, and get predictive insights.

To continuously innovate while keeping pace with dynamic business environments, enterprises need secure, comprehensive, integrated cloud services to build new applications and run their most demanding workloads. Only Oracle’s cloud services can intelligently automate key operational functions, including tuning, patching, backups, and upgrades giving organizations more time to focus on strategic business activities, while delivering maximum performance, high availability, and critical security features.

“There is tremendous value for our customers in embedding AI and machine learning capabilities throughout our entire cloud portfolio,” said Amit Zavery, executive vice president of development, Oracle Cloud Platform. “Customers have embraced our vision for an autonomous enterprise. With Oracle’s autonomous platform services, organizations can capitalize on AI to reduce costs, speed innovation, and transform how they do business.”

Last year, Oracle outlined its vision for an autonomous enterprise, unveiling the world’s first Autonomous Database. Since then, the company announced it would extend autonomous capabilities to its entire cloud platform portfolio. Delivering on that promise, Oracle recently made available a number of autonomous platform services, including Oracle Autonomous Data Warehouse Cloud, Oracle Analytics Cloud, Oracle Integration Cloud, and Oracle Visual Builder. With today’s availability of another set of autonomous platform services, Oracle continues to build momentum. Later in 2018, Oracle plans to release more autonomous capabilities focused on Blockchain, security and management, and additional database workloads, including OLTP and NoSQL.

Mutua Madrid Open Develops MatchBot with Oracle Cloud Platform

Mutua Madrid Open became the first ATP World Tour Masters 1000 and Premier WTA tournament to incorporate an AI-equipped chatbot to improve communication with tennis fans. Implemented with Oracle Cloud Platform, the chatbot, named “MatchBot,” used AI to maintain natural conversations that provided fans with information on the event, players, and results, as well as details on hospitality services, discounts on merchandise, ticket sales, access, and parking.

“We wanted to position the Mutua Madrid Open as the tournament of the 21st century,” said Gerard Tsobanian, president and CEO of Mutua Madrid Open. “Development of the MatchBot positions us at the forefront of technology and innovation. With this new technology, we were able to provide visitors with an amazing experience—a pleasant, simpler, and faster way to get the information they wanted about the tournament.”

New Oracle Cloud Platform Services Featuring Built-in AI

By adding autonomous capabilities to its latest set of Platform Cloud services, Oracle helps organizations easily develop new innovative user experiences with chatbot and voice capabilities, enables business users to perform intelligent data integration tasks, and exposes business logic and data via robust API design/management.

Oracle Mobile Cloud Enterprise

Oracle Mobile Cloud Enterprise provides a complete, open, and proven enterprise platform to develop, deliver, analyze, and manage mobile apps and AI-powered chatbots that connect and extend any backend system in a secure, scalable manner. Learn more here.

  • Self-learning chatbots observe interactions, preferences to automate frequently performed actions.
  • Automated learning from conversations ensures higher accuracy in the machine learning for the smart bots, including seamless handoffs to human agents via trained AI algorithms.

     

  • Automatic generation of QnA chatbots extract knowledge from unstructured data by leveraging machine learning.
  Oracle Data Integration Platform Cloud

Oracle Data Integration Platform Cloud helps organizations make better and faster decisions by providing access to all data, and unlocking value from data faster through a combination of machine learning and artificial intelligence powered features that stream, migrate, transform, enrich, and govern data from anywhere. Learn more here.

  • Simplifies and automates creation of big data lakes and data warehouses through one click self-defining tasks to deliver streaming or batch data, thereby improving standardization and efficiency for big data projects.
  • Delivers self-optimizing data pipelines for rapid data delivery into Oracle Autonomous Data Warehouse Cloud.
  • Enables trusted, governed cloud-based analytics through system-guided data sharing between SaaS, on-premises, and hybrid business applications.
  • Speeds up self-service data preparation through machine assisted data curation and eliminates manual work when creating data pipelines.
  Oracle API Platform Cloud

Oracle API Platform Cloud supports agile API-first design and development, enabling hybrid deployment of the API gateway across Oracle Cloud, on-prem and 3rd party clouds.  It provides insight on KPIs covering every aspect of the API lifecycle, while employing the most up-to-date security protocols. Learn more here.

  • Continuously learns about usage patterns, and recommends plans allocation limits and configurations.
  • Based on other policy usage and configurations, recommends policies and policy configurations using predictive algorithms to API Managers.
  Oracle Developer Cloud

Oracle Developer Cloud is a complete development platform included with all Oracle Cloud services that automates software development and delivery cycles, and helps teams manage agile development processes. With an easy-to-use web interface and integration with popular development tools, it helps deliver better applications faster. Learn more here

  • Builds automation for multiple development languages and environments supporting a variety of popular build frameworks such as Maven, Ant, Gradle, npm, Grunt, Gulp, and Bower.
  • Tests automation with popular testing frameworks such as JUnit and Selenium enables automation of both logic and UI testing.
  • Environment provisioning automation via command line interfaces for Docker, Kubernetes, and Terraform.
  • Continuous integration automation through visual pipeline flows. Monitor live execution of pipelines and build job execution history from a central location.
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

Oracle Empowers Retailers to Detect Omnichannel Theft with Embedded Science

Tue, 2018-06-12 08:00
Press Release
Oracle Empowers Retailers to Detect Omnichannel Theft with Embedded Science New Innovations in Oracle Retail XBRi Cloud Service Reveal New Sources of Omnichannel Risk and Provides Investigators with Automated Alerts and Actionable Insights

Redwood Shores, Calif.—Jun 12, 2018

Today Oracle announced enhancements to Oracle Retail XBRi Loss Prevention Cloud Service that help retailers quickly identify and investigate fraudulent activities across store and online transactions. With embedded science, Oracle Retail XBRi can detect new data anomalies and alert loss prevention analysts to potential risks and drive quick resolution by providing the transactional insight needed to investigate. The Oracle Retail XBRi enhancements also include embedded science developed over 20 years of research and development in retail including more than 4,000 reporting metrics and attributes representing experiences and best practices of global retailers.

“The opportunity for retail theft grows as retailers reach to meet customer expectations and struggle to manage individual channels of engagement,” said Jeff Warren, vice president, Oracle Retail. “The updates to Oracle Retail XBRi provide customers with the tools to protect their margins and is another example of the continued value we aim to deliver through cloud services.”

“This new generation of cloud services accelerates the path to ROI within months of deployment,” said Chris Sarne, senior director of omnichannel strategy, Oracle Retail.  “The result is a smart, holistic approach to preventing fraud and saving money that scales to grow with your business.”

Oracle Retail XBRi Loss Prevention Cloud Service provides the retail community with:
  • Agility, Security and a Path to Lower Total Cost of Ownership. One of the goals of using embedded science is to clarify and lower the total cost of installation, set up, and maintenance of solutions by taking advantage of iterative cloud updates. The cloud-based solution offers even greater precision, building on existing knowledge and adding new features and analytics automatically.
  • Prompt Investigation. Upon deployment, the solution immediately identifies exceptions and escalates them to analysts and investigators without requiring manual intervention to initiate the process.
  • Comprehensive Discovery. The cloud service employs embedded science to quickly surface anomalous behavior and potential cases. With new insight to emerging fraudulent activities comes opportunities to help store managers train their associates to detect and avoid potential loss before it happens.
  • Intuitive Configuration. The Oracle Retail XBRi interface allows analysts to easily configure reports that reflect the unique needs of omnichannel brands without incurring additional costs or relying on IT specialists.
  • POS Integration that Streamlines Investigation.  A heightened degree of integration between Oracle Retail XBRi Cloud Service and Oracle Retail Xstore Point-of-Service further enhances the ability of XBRi’s embedded science to pinpoint new sources of risk and deliver purpose-build reports that streamline and support investigative activities while leveraging the best practices built into the Oracle Retail portfolio.

Oracle will continue to add new knowledge from the Oracle Retail customer community to combat new patterns of fraud that emerge in the complex omnichannel retail environment.

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@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.

About Oracle

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

Trademarks

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

Talk to a Press Contact

Matt Torres

  • 4155951584

Wholesale Distributors Build Foundation for Growth

Wed, 2018-06-06 08:00
Press Release
Wholesale Distributors Build Foundation for Growth Thousands of wholesale distributors including Kitchen Art and Circle Valve Technologies improve business operations with NetSuite

San Mateo, Calif.—Jun 6, 2018

To successfully adapt to a rapidly changing business environment, thousands of wholesale distributors have selected NetSuite to improve business performance, increase customer satisfaction and stay ahead of the competition. For example, Kitchen Art, one of the largest distributors of kitchen cabinets in the southeastern United States, and Circle Valve, a distributor of industrial valves, fittings, filters, and measurement control devices, selected SuiteSuccess for Wholesale Distribution and implemented NetSuite to streamline the management of financials, inventory and reporting.

Kitchen Art Improves its Business Systems with NetSuite

Started in 1989, Kitchen Art provides design and installation services out of its three offices in Florida through more than 900 job sites a month. To successfully grow its business and manage increasing complexity, Kitchen Art selected NetSuite SuiteSuccess for Wholesale Distribution in September 2016. With SuiteSuccess, Kitchen Art is able to quickly and easily track orders, inventory, finances and operations, while also customizing business-specific workflows across processes like product selection and order entry. As a result, the Kitchen Art management team has been able to improve decision making and drive efficiencies by gaining unprecedented visibility into business operations.

“As we continue to achieve great success in our industry, NetSuite is helping us expand even further in Florida and the southeast US,” said Rick Cuseo, VP of Finance, Kitchen Art. “NetSuite, along with our outstanding employees and valued customers, are the secret sauce that help to fuel our growth.”

  • Circle Valve Prepares for Next Stage of Growth with NetSuite

Founded by two friends in 1986, Circle Valve Technologies has grown into a world class supplier of precision valves, fittings and controls. Today, the company operates an 8,000-square-foot facility that houses roughly $1.2 million in inventory. To continue to expand its business, Circle Valve Technologies needed a strong business management system. After a careful evaluation, Circle Valve Technologies selected NetSuite SuiteSuccess for Wholesale Distribution in August 2016 for its comprehensive functionality, cloud-based architecture and ease of implementation.

“Circle Valve Technologies has been built on strong technical expertise, inventory management and customer service,” said Chris Simmons, General Manager, Circle Valve Technologies. “To support our next stage of growth, we needed a new business management system and NetSuite has been phenomenal. It’s everything we need all in one system. The amount of detail I can get from a customer record just by clicking the dashboard view is staggering.”

For more information on SuiteSuccess for Wholesale Distribution, visit: www.netsuite.com/suitesuccesswd.

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

Since 1989, Kitchen Art has set the standard for high-end custom kitchen cabinetry design and installation, and quality remodeling. To learn more visit http://kitchenartdesigncenter.com.

About Circle Value Technologies

Circle Valve is a value-added distributor and manufacture rep of industrial valves, fittings, filters and measurement control devices for a variety of industries and applications. To learn more visit https://www.circlevalve.com.

About Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 40,000 organizations and subsidiaries in 199 countries and territories.

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

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