Oracle Press Releases

Subscribe to Oracle Press Releases feed Oracle Press Releases
All Oracle Press Releases
Updated: 12 hours 23 min ago

Oracle Expands IoT Cloud Portfolio, Enabling Customers to Accelerate Intelligence and ROI from Connected Assets

Thu, 2017-08-31 07:02
Press Release
Oracle Expands IoT Cloud Portfolio, Enabling Customers to Accelerate Intelligence and ROI from Connected Assets Introduces Digital Twin, Digital Thread, and artificial intelligence and machine learning capabilities

Redwood Shores, Calif.—Aug 31, 2017

Oracle today announced significant enhancements to the Oracle Internet of Things (IoT) Cloud. The offering now features built-in artificial intelligence (AI) and machine learning that powers Digital Twin and Digital Thread capabilities. As such, customers and partners can quickly gain operation-wide visibility and leverage predictive insights from connected assets. These insights can increase deployment times, reduce costs, improve business outcomes, and accelerate new market opportunities. Combining the power of Oracle IoT Cloud and enterprise applications, Oracle also introduced new industry solutions for digital field service, smart connected factories, and digital fleet management.

“IoT holds the potential to transform today’s siloed operations into a modern, interconnected, digital set of workflows with real-time visibility and responsiveness,” said Bhagat Nainani, group vice president, IoT Applications at Oracle. “Oracle continues to push the boundaries of IoT to help our customers significantly simplify their IoT deployments. By receiving real-time data streams enhanced with predictive insights, they can reach new levels of intelligence and a much quicker realization of ROI.”

Today’s expansion follows the recent introduction of new Oracle IoT Cloud Applications for asset monitoring, connected workforce, fleet monitoring, and production monitoring. Also, in the past six months alone, Oracle has more than tripled its IoT application ecosystem of device and systems integration partners. Oracle IoT Cloud is offered both as software-as-a-service (SaaS) applications, as well as platform-as-a-service (PaaS) offerings, enabling a high degree of adaptability for even the most demanding implementations.

“Hitachi Consulting is constantly looking for industry leaders like Oracle to help clients and prospects harness the power of data and IoT to optimize operational and financial performance, outpace their competition and solve significant business problems,” said Garth Carter, vice president North America Sales, Hitachi Consulting. “Our longstanding, strategic relationship with Oracle delivers industrial IoT solutions to digitize the physical world for manufacturing, energy, and transportation. In particular, Hitachi is leveraging Oracle IoT Applications—asset monitoring and production monitoring—that are uniquely engineered to meet specific industry and functional needs. These applications have a depth of OT, IT and IoT functionality that no competitor can match.”

New capabilities introduced today include:

  • Digital Twin for Supply Chain Management
    Digital Twin is a digital representation of a physical asset or equipment that enhances traditional analytics approaches. The object model includes multi-faceted views into current, historical, and predictive data, as well as operational and behavioral dimensions of that asset. This enables remote users to not only monitor the health of that asset to prevent failures before they occur, but also to run simulations of “what-if” scenarios in the context of the business processes. With Digital Twin, organizations have a new operational paradigm to interact with the physical world, allowing lower operational and capital expenditures, minimizing downtime, and optimizing asset performance.
  • Digital Thread for Supply Chain Management
    Supply Chain practitioners have spent millions of dollars in implementing SCM and ERP systems, but most often, data is manually fed into these systems. Digital Thread is a connected business process framework that leverages IoT and creates a “system of systems” by connecting traditionally siloed elements in real-time throughout the digital supply chain. By providing an end-to-end view of an asset throughout the entire manufacturing lifecycle, Digital Thread seamlessly bridges the entire supply chain process—from product design and order fulfillment, to manufacturing and product life cycle management, to warehousing and transportation, to logistics and procurement.
  • Artificial Intelligence and Machine Learning
    Built-in AI and machine learning features are now fully integrated across Oracle’s IoT solutions portfolio. These technologies leverage machine data in the context of business data from applications, such as manufacturing, maintenance, service, and logistics. The built-in operational analytics help detect anomalies, predict equipment failures, and recommend the best course of action. They also provide the intelligence needed to evolve capabilities to increase effectiveness and experiences of applications.
  • Industry Solutions Built on IoT Cloud Applications
    Oracle IoT industry solutions help customers reimagine and innovate business solutions for the connected, intelligent, context-aware, digital enterprise. New solutions introduced today include:
    • Digital Field Service: Showcases intelligent remote monitoring, failure prediction, over-the-air repair, and dynamic technician dispatch. The solution features IoT Asset Monitoring Cloud, CX Service Cloud, CX Engagement Cloud, and CX Field Service Cloud, plus the use of augmented reality (AR) for guided equipment repair.
    • Smart Connected Factory: Demonstrates how incident detection, root cause analysis, and smart resolution are performed within minutes in a connected factory. The solution features IoT Production Monitoring Cloud, SCM Cloud and ERP Cloud, and the use of virtual reality (VR) to navigate the manufacturing floor. It can also be used for remote worker training.
    • Digital Fleet Management: Showcases real-time shipment tracking, risk management, and logistics synchronization. The solution features IoT Fleet Management Cloud and Oracle Logistics Cloud.
Additional Information

For additional information, visit Oracle Cloud and connect with Oracle SCM Cloud and Oracle IoT Cloud Service on Twitter.

Contact Info
Vanessa Johnson
Oracle
+1.650.607.1692
vanessa.n.johson@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5146
kreeves@blancandotus.com
About Oracle

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

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

Vanessa Johnson

  • +1.650.607.1692

Kristin Reeves

  • +1.415.856.5146

Oracle and Mitsubishi Electric Collaborate to Develop Internet of Things Platform for Smart Manufacturing

Thu, 2017-08-31 06:55
Press Release
Oracle and Mitsubishi Electric Collaborate to Develop Internet of Things Platform for Smart Manufacturing Using Oracle Cloud, New FA-IT Open Platform Enables Rapid Collection, Analysis, and Utilization of Production Site Data

Redwood Shores, Calif.—Aug 31, 2017

Oracle today announced its collaboration with Mitsubishi Electric Corporation to develop an Internet of Things (IoT) platform for smart manufacturing. With Oracle Cloud, Mitsubishi Electric developed its new FA-IT Open Platform for factory automation. Using edge computing between devices and business applications, the new platform enables the rapid collection, analysis, and utilization of data at production site.

With organizations rapidly adopting Industry 4.0, manufacturers are increasingly seeking to optimize their total manufacturing processes by using IoT to collect data from all equipment in factories for visualization and analysis. Developing such IoT systems from scratch is an enormous task requiring that data be collected and modeled from a wide variety of production equipment, including existing equipment, for analytical purposes.

With FA-IT Open Platform, vendors can create manufacturing applications for operation on the platform, including connecting the platform to industrial networks to collect data from diverse devices and production equipment. The cloud-connected platform can be used to link manufacturing sites with cloud vendors' own cloud-supported manufacturing-optimization services for supply chains, administration of multiple factories worldwide, and other applications.

FA-IT Open Platform leverages Oracle Database Cloud, Oracle Java Cloud, Oracle BI Cloud, Oracle IoT Cloud, Oracle IoT Production Monitoring Cloud, Oracle SOA Cloud, and Oracle Infrastructure as a Service. Information received in real time from machine tools and production terminals is received by Oracle IoT Cloud, enabling efficient real time processing with the extensible infrastructure. Mitsubishi Electric utilizes machine learning of Oracle Database Cloud, the reporting function of Oracle BI Cloud, and the cost-effective Oracle Cloud Infrastructure in the analysis of accumulated Big Data, contributing to further development of solutions in the factory automation area for customers and to smart manufacturing industry.

Supporting Quote: “Mitsubishi Electric develops advanced technologies and products for rapidly emerging factory automation,” said Toshiya Takahashi, corporate executive group senior vice president, factory automation system, Mitsubishi Electric Corporation. “Our e-F@ctory concept for integrated automation reduces the total cost of developing, producing and maintaining products. Mitsubishi Electric’s new FA-IT Open Platform is based on edge computing to accelerate IoT utilization for smart manufacturing. By adding Oracle Cloud services to this platform, we believe that it will be possible to visualize factories and build an application development environment. In order to provide the platform to customers early, we will also work with partner companies, including IT companies, to develop applications utilizing the platform."

Contact Info
Nicole Maloney
Oracle
+1.415.235.4033
nicole.maloney@oracle.com
Sarah Fraser
Oracle
+1650.743.0660
sarah.fraser@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

Nicole Maloney

  • +1.415.235.4033

Sarah Fraser

  • +1650.743.0660

Luxury Fashion Goods Wholesaler Scales its Hong Kong Business with NetSuite OneWorld

Wed, 2017-08-30 23:00
Press Release
Luxury Fashion Goods Wholesaler Scales its Hong Kong Business with NetSuite OneWorld Lfplaza Grows from a Startup to a $300 Million HKD Business Across Southeast Asia in Just Five Years

Hong Kong—Aug 31, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Lfplaza Group, a wholesale distributor of luxury and designer fashion clothing, bags, shoes and accessories, has scaled its business dramatically since deploying NetSuite OneWorld shortly after its launch in 2012. Based in Hong Kong, the company relies on NetSuite for financials, inventory management, CRM and marketing, as well as multi-subsidiary and multi-currency management for the Hong Kong, Australian and U.S. dollars, Chinese renminbi, British pound, Japanese yen, New Taiwan dollar and the Euro. NetSuite’s unified cloud business management platform has given Lfplaza scalability and agility as its business has soared from the startup phase to $300 million HKD (about $38.4 million USD) in revenue in just five years.

Starting out, Lfplaza had in place an entry-level accounting system from a Chinese software vendor. After evaluating several competing solutions, Lfplaza quickly settled on NetSuite OneWorld as an ideal fit for its objectives of an integrated system that could support rapid growth. NetSuite OneWorld today powers end-to-end processes for Lfplaza’s sales of goods from more than 100 brands to a network of over 600 wholesale clients and about 40 regional multi-brand boutiques across Hong Kong, mainland China, Taiwan, Japan, South Korea, Singapore, Malaysia, Indonesia, Thailand and Vietnam.

“NetSuite forms the core backbone on which we’ve rapidly grown our business,” said Jack Tsao, Lfplaza CEO. “We’ve been able to scale dramatically without adding too many staff. We’re very glad we started early with NetSuite as it gave us room to grow.”

As a cloud-based system, NetSuite enables Lfplaza to avoid the high capital expenditures of servers and software needed with traditional on-premise business systems. Ease of use, efficient workflows and high visibility into mission-critical data have allowed the 100+-person company to minimise administrative and operational costs and instead focus new hires on revenue-driving sales and marketing activities. Easy access to NetSuite across Lfplaza’s 10 wholesale stores, its head office in Hong Kong and three subsidiaries (Hong Kong, China and Macau) enables the company to ensure staff work from the same set of timely, reliable data.

“The advantages with NetSuite are felt across the business,” Tsao said. “We would be hiring more staff if we didn’t have NetSuite. It’s definitely been a very worthwhile investment.”

Implementation and optimisation by NetSuite Solution Provider Fern Limited, in Hong Kong, has helped Lfplaza make the most of its NetSuite OneWorld solution as usage evolved from inventory to accounting and CRM. Benefits that Lfplaza has realised with NetSuite include:

  • Real-time inventory management. NetSuite gives Lfplaza real-time visibility into tens of thousands of SKUs, particularly important as new products are constantly added. It also helps Lfplaza account for subtle variations in products, such as shiny vs. matte leather for the same handbag.
  • Business reporting. Lfplaza makes extensive use of NetSuite’s reporting and analytics capabilities to track revenue and product sales by brand, type of goods, gender, regions and other dimensions. Insights derived are vital to Lfplaza’s ability to adapt the business and product lineup as needed.
  • Agility in a fast-paced market. NetSuite has helped Lfplaza achieve business agility, better manage brand and customer partnerships, and optimise inventory and pricing in the fast-paced and rapidly changing luxury fashion market.
  • Multi-currency, multi-subsidiary management. NetSuite OneWorld lets Lfplaza easily transact in currencies including Hong Kong, Australian and U.S. dollars, Chinese renminbi, British pound, Japanese yen, New Taiwan dollar and the Euro, and manage three subsidiaries with efficient financial consolidation.
  • CRM capabilities. NetSuite CRM gives Lfplaza sales staff a unified record of all customer account, interaction and order history information to help drive sales and provide a superior customer experience.

“The fashion inventory moves very fast, with increasing velocity and sophistication every year,” Tsao said. “With NetSuite OneWorld, it’s very easy to adapt, customise processes and stay current, exploring all the business channels and marketing opportunities out there so we can continue to scale.”

The case study put the workforce at 120 but during the interview the CEO said it was 60. Not sure which is correct.

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

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

For more information, please visit http://www.netsuite.com.hk/portal/hk/home.shtml

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 oracle.com.

Trademarks

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

Talk to a Press Contact

Suzanne Myerson

  • +61 414 101 583

Oracle Hiring Five-Thousand Cloud Professionals in the United States

Mon, 2017-08-28 07:00
Press Release
Oracle Hiring Five-Thousand Cloud Professionals in the United States

Redwood Shores, Calif.—Aug 28, 2017

This year, Oracle is hiring more than five-thousand new engineers, consultants, sales and support people into its rapidly growing cloud business. This injection of talent will help Oracle sustain the momentum in what is already the world’s fastest growing multi-billion dollar cloud business.

“Central to Oracle’s success is our empowered, inspired and engaged workforce,” said Joyce Westerdahl, Oracle Executive Vice President, Human Resources. “We’re hiring experienced sales and engineering professionals eager to contribute to Oracle’s cloud growth and champion our products. We are also recruiting high-performing recent college graduates and offering them a world-class training program to prepare them for a career in the technology industry.”

This year, Oracle has already hired more than 2,650 cloud sales professionals and 1,500 cloud developers in the United States.

To learn more about careers at Oracle and apply for open positions, please visit https://www.oracle.com/corporate/careers/.

Contact Info
Deborah Hellinger
Oracle
+1.212.508.7935
deborah.hellinger@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

Deborah Hellinger

  • +1.212.508.7935

PurCotton Teams with Oracle Retail to Support Aggressive Annual Growth

Wed, 2017-08-16 12:00
Press Release
PurCotton Teams with Oracle Retail to Support Aggressive Annual Growth Renowned Chinese Retailer Builds a Solid Foundation for Continued Omnichannel Success

Redwood Shores, Calif.—Aug 16, 2017

Today, Oracle announced that PurCotton has deployed Oracle Retail Merchandise Operations Management Suite, Oracle Retail Planning and Optimization and Oracle Retail Insights to support the growth of its retail business. As a wholly-owned subsidiary of Winner Medical Group Inc., PurCotton inherits the parent company’s 20-year technology and manufacturing expertise in medical-grade cotton-based products. PurCotton is devoted to providing safe, comfortable and eco-friendly cotton products to meet consumer needs with a focus on quality life, mother and baby care, feminine care and medical care.

Since its founding in December of 2009, PurCotton has grown quickly managing 114 stores in shopping malls across China. In addition PurCotton also operates an online business to meet the demands of omnichannel consumers. PurCotton sales at TMALL.com and JD.com, two of China’s largest ecommerce platforms, have doubled for four consecutive years. Singles’ Day 2016, China’s largest online shopping festival, is an example of PurCotton’s growth with 1,180,000 on-line orders and sales of over 260 million RMB. PurCotton chose Oracle Retail for solutions that could scale and serve as a foundation for continued omnichannel growth.   

“We plan to open between 30 and 40 stores every year, with a goal of increasing our total revenue 100% annually. Our core customer base has grown to about 6 million,” said Li Jianquan, Managing Director of PurCotton Group. “We needed a strong foundation to run our retail business.  Oracle Retail has the industry experience and retail specific solutions to support our growth strategy.”

“Oracle Retail provides a complete and integrated suite of solutions from planning to execution,” said He Kaifeng, Chief Information Officer, PurCotton Group. “We needed a solution which could support our strategy, which includes our brick-and-mortar stores driving sales through multiple channels. With better visibility, insight and planning, PurCotton can better meet high customer demands.”

With the help of Accenture, PurCotton Group deployed Oracle Retail Merchandising System, Oracle Retail Merchandising Insight, Oracle Retail Merchandise Financial Planning, Oracle Retail Assortment Planning and Oracle Retail Allocation.

“Oracle Retail has built end-to-end process capabilities within our suite of applications and cloud services that can deliver individually or collectively to achieve Empowered Commerce,” said Ray Carlin, Senior Vice President and General Manager, Oracle Retail. “We are impressed by the growth trajectory and achievements of PurCotton and look forward to playing a role in their continued success.”

Contact Info
Matt Torres
Oracle
415-595-1584
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

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Matt Torres

  • 415-595-1584

ROLI Harmonizes Its Global Business with NetSuite OneWorld

Wed, 2017-08-16 08:00
Press Release
ROLI Harmonizes Its Global Business with NetSuite OneWorld Music and Technology Innovator Positioned for Accelerated Growth with Agility, Scalability of Cloud ERP

London—Aug 16, 2017

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that ROLI, a music technology innovator and maker of the award-winning Seaboard instrument, has implemented NetSuite OneWorld to manage critical business processes including financials, inventory management, order management, CRM, multi-currency management for the British pound, Euro and US dollar, and multi-subsidiary management for three subsidiaries in the UK and two in the US. As a result of its implementation of NetSuite OneWorld in September 2016, ROLI is better positioned to take advantage of rapid sales growth as innovative products like the Seaboard Block and Lightpad Block become more popular to music-makers.

Founded in 2009 in London, ROLI has revolutionized the world of musical instruments. Its newest product, Seaboard Block, is the most portable and versatile model of the multi-award-winning Seaboard, a digital instrument that is an evolution of the piano keyboard. Seaboards replace the white and black keys of a piano with a pliable, touch-responsive surface that lets musicians control sound in far more ways than they can on acoustic or electronic instruments. Last year ROLI also launched BLOCKS, a modular music-making system that allows musicians to connect musical Blocks together and build their instrument as they go. As demand for its products took off, ROLI determined that it needed more comprehensive and professional business systems to meet the opportunities of its next phase of growth.

ROLI selected NetSuite OneWorld due to its 360-degree customer view, inventory management and cloud-based architecture. NetSuite OneWorld provides the flexibility, agility and scalability ROLI needed for continued growth and a real-time view of business performance.

“As a company, ROLI is focused on innovation, growth and delivering world-class experiences for its customers and music lovers everywhere,” said Mark Woodhams, Managing Director, EMEA for Oracle NetSuite. “NetSuite OneWorld is an ideal fit for those goals, as a flexible, scalable solution with global reach that can serve as the foundation to continue to build upon its success.”

NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries; customer transactions in more than 200 countries; and enables businesses to streamline their mission-critical business processes. NetSuite OneWorld supports ROLI’s worldwide growth and innovation by providing:

  • Real-time global financial consolidation. NetSuite OneWorld gives ROLI real-time visibility across all its subsidiaries, with a single financial system of record.
  • Superior inventory management that enables ROLI to plan for how much inventory it needs, track the movement of goods, and meet customer demand much more quickly.
  • Centralized order management that meets and exceeds rising customer expectations for omnichannel fulfillment across multiple sales channels by eliminating manual bottlenecks, preventing errors and establishing a smooth flow from sales quote to order fulfillment ensuring timely invoicing and payment.
  • 360-degree view of its customers allowing the company to provide better customer support and service across telephone and email channels.
  • Breadth of functionality designed for modern businesses, enabling the company to streamline mission-critical business processes and improve operational efficiency.
  • A highly scalable system with the ability to quickly and easily add functionality as a business evolves.
  • Built-in business intelligence that provides real-time insights into key business performance indicators for a unified view of the organization, and delivers a single version of truth.
  • A flexible and agile platform that enables the company to customize NetSuite to meet its business requirements and to integrate with other third-party systems to meet its specific needs with NetSuite’s SuiteCloud Platform.
Contact Info
Christine Allen
Public Relations, Oracle NetSuite
PR@netsuite.com
About Oracle NetSuite

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

Follow Oracle NetSuite’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.

Oracle Enterprise Performance Management Cloud Empowers Modern Finance Teams

Mon, 2017-08-14 09:00
Oracle Enterprise Performance Management Cloud Empowers Modern Finance Teams New cloud services and capabilities extend industry leading enterprise performance management suite

Redwood Shores, Calif.—Aug 14, 2017

Extending its commitment to helping organizations drive predictable performance and report with confidence, Oracle today announced significant expansions to Oracle Enterprise Performance Management (EPM) Cloud. The latest additions to Oracle EPM Cloud include new offerings for tax reporting, and profitability and cost management as well as new strategic modeling and disclosure management capabilities.

In today’s global economy, organizations need to continually refine their business models to respond to disruptive threats and competitive opportunities. To help organizations successfully manage these changes, from strategy to results, Oracle EPM Cloud empowers finance teams to quickly and effectively embrace digital technologies and modern best practices. As a result, Oracle EPM Cloud enables organizations to drive accurate and agile plans across finance and operational lines of business, accelerate financial close, streamline internal and external reporting, and ensure compliance with tax reporting regulations.

“Today’s business leaders are faced with unprecedented changes that demand a rethink of traditional EPM processes and models,” said Hari Sankar, group vice president, EPM product management at Oracle. “To be effective in this new operating environment, finance leaders need to drive operations with confidence, monitor results continuously, and course correct with agility. With the latest additions to Oracle EPM Cloud, we are empowering our customers to embrace change and take advantage of the cloud to capitalize on opportunities faster than their competition.”

To further extend Oracle EPM Cloud and give organizations fast and intuitive insight into profitability and cost, Oracle has introduced Oracle Profitability and Cost Management Cloud. The new offering enables business users to take ownership of allocation-based business processes such as customer/product profitability, management allocations, and shared services costing. As a result, organizations can enhance business performance by gaining insight into hidden profit and cost drivers across key business dimensions such as products, customers, sales, and channels.

To help organizations gain complete access to the financial data and processes needed to build an efficient and transparent corporate tax function, Oracle has introduced Oracle Tax Reporting Cloud. The new offering helps streamline all tax data collection and analysis processes and enables global organizations to manage complex country-specific tax reporting requirements through automation.

In addition to the new offerings, Oracle has also extended the capabilities of Oracle EPM Cloud to help organizations of all sizes lead with confidence in the digital economy. New Strategic Modeling capabilities enable organizations to create long-range forecast models with sophisticated scenario modeling capabilities and debt and capital structure planning features, while new Disclosure Management capabilities allow users to develop regulatory filings in a unified and collaborative environment.

“Our clients are facing constant and growing disruption in their businesses and highly developed planning and analysis capabilities are a must for leading CFOs,” said Richard Beacham, principal and EPM practice lead for KPMG in the U.S. “With the new offerings and capabilities Oracle is delivering, we believe our clients will continue to adopt our Oracle EPM Cloud-enabled solutions to help transform their business and accelerate competitive advantage.”

In recognition of its Oracle EPM Cloud capabilities, Oracle was recently placed in the Leaders Quadrant in two Gartner Magic Quadrant analyst reports: the Gartner Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions¹, and the Gartner Magic Quadrant for Cloud Financial Corporate Performance Management Solutions (FPCM)².

For additional information on Oracle Enterprise Performance Management (EPM) Cloud, visit Facebook and Twitter or the Modern Finance Leader blog.

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

1. Gartner, “Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions,” by Christopher Iervolino, John E. Van Decker, June 29, 2017. Oracle has acquired distribution rights for this report, expiration June 30, 2018.
2. Gartner, “Magic Quadrant for Cloud Financial Corporate Performance Management Solutions,” by John E. Van Decker, Christopher Iervolino, John E. Van Decker, June 29, 2017. Oracle has acquired distribution rights for this report, expiration June 30, 2018.

Contact Info
Joann Wardrip
Oracle
+1.650.607.1343
joann.wardrip@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 Corporation.

Talk to a Press Contact

Joann Wardrip

  • +1.650.607.1343

Interjet Increases Project Efficiencies with Oracle’s Primavera P6 Enterprise Project Portfolio Management

Mon, 2017-08-14 08:00
Interjet Increases Project Efficiencies with Oracle’s Primavera P6 Enterprise Project Portfolio Management Mexican airline transforms and optimizes the administration and execution of key projects

Mexico City—Aug 14, 2017

ABC Aerolíneas, S.A. de C.V., operating as Mexican airline Interjet, has seen significant efficiency gains from using Oracle’s Primavera P6 Enterprise Project Portfolio Management to coordinate, manage and execute key projects.

Interjet’s projects range from the acquisition of new aircraft to the introduction of new routes to the installation of flight simulators. The airline notes that Primavera P6 EPPM’s flexibility to adapt to different levels of project complexity and size has enabled Interjet to increase its efficiency by more than 50 percent among more than 200 projects.

"With the former tools, planning was more complicated and required us to develop complementary tools to show in a very graphic and simple way the status of each project and each responsible person. Primavera P6 EPPM has reduced the effort and time needed to analyze and present results, with benefits for those who manage the projects, those who execute and those who follow up. Oracle’s software has allowed us to contribute in a coordinated and effective way to the development of the company," said Carlos Núñez Brambila, Project Director of Interjet.

With Primavera P6 EPPM from Oracle Construction and Engineering, Interjet now also has the ability to streamline management responsibilities. It can designate one member of the project management team to control the project development, identify project deviations and bring visibility to key stakeholders to make informed decisions. Additionally, Interjet is able to map clear objectives and responsibilities for each project to corresponding specialists based on their knowledge and skills. The result is that resources are leveraged more effectively through closer coordination between various departments and managers.

Oracle’s Primavera P6 EPPM provides the real-time collaboration, visibility and scalability that enable organizations like Interjet to manage projects of any size efficiently and effectively,” said Andy Verone, Vice President, Product Strategy, Oracle Construction and Engineering. “We are thrilled to deliver transformative solutions that are improving project and business outcomes for customers in Mexico and around the world.”

Using Primavera P6 EPPM, Interjet has been able to eliminate:

  • 93 percent of the time spent on the generation of status reports by specific tasks
  • 67 percent of the time spent on work plan updates
  • 83 percent of the time spent on creating new project reports

"The transformation of Interjet, in its processes of planning, monitoring and execution of projects, through an efficient technological platform, is the mission of Oracle. To understand the challenges Mexican companies face day-by-day and to solve their needs with a platform that empowers its strengths is how Oracle contributes to the transformation of Mexico. Interjet has managed through the planning and database management solutions to support the development of projects that drive the growth and presence of the airline nationally and internationally," said Javier Cordero, Managing Director of Oracle Mexico.

Contact Info
Judi Palmer
Oracle
1-650-506-0266
judi.palmer@oracle.com
About Interjet

Interjet is an international airline based in Mexico City providing air service to 53 destinations in seven countries, including 35 cities in Mexico. Its network includes service to nine U.S. markets: Chicago, Dallas/Ft. Worth, Houston, Las Vegas, Los Angeles, Miami, New York, Orlando/Sanford and San Antonio, Montreal, Toronto. Other international routes include Havana, Santa Clara and Varadero, Cuba; Bogota, Colombia; Guatemala City, Guatemala; Lima, Peru; and San Jose, Costa Rica. The airline operates a fleet of more than 70 aircraft including the three Airbus A320neo, 47 Airbus A320’s, 04 Airbus A321-200’s and 22 Sukhoi Superjet 100’s.

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.

Oracle Construction and Engineering helps companies reimagine their businesses. With best-in-class project management solutions, organizations can proactively manage projects, gain complete visibility, improve collaboration, and manage change. Our cloud-based solutions for global project planning and execution can help improve strategy execution, operations, and financial performance. For more information, please visit www.oracle.com/construction-and-engineering.

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Judi Palmer

  • 1-650-506-0266

Oracle Makes the Most Powerful Database Platform Available on the Industry’s Most Advanced Cloud Infrastructure

Mon, 2017-08-14 07:00
Press Release
Oracle Makes the Most Powerful Database Platform Available on the Industry’s Most Advanced Cloud Infrastructure Oracle Exadata Cloud on Oracle’s next-gen cloud infrastructure further enables enterprises to seamlessly migrate mission-critical database applications and data warehouses, and develop new extreme performance cloud applications

Redwood Shores, Calif.—Aug 14, 2017

Oracle today announced that Oracle Exadata Cloud is now available on Oracle’s next-generation cloud infrastructure. The marriage of Oracle Exadata, the highest performing on-premises and public cloud database platform, with Oracle Cloud’s unique bare metal compute and storage services, delivers a combination of performance and availability for the entire application stack that only Oracle can deliver. These integrated and fully programmable cloud services enhance all stages of application development and deployment through faster connectivity, provisioning, processing, and database access with unmatched technology and industry-leading price performance.

“Oracle’s next-generation cloud infrastructure is optimized for enterprise workloads and now supports Oracle Exadata, the most powerful database platform,” said Kash Iftikhar, vice president of product management, Oracle. “With the power of Oracle Exadata, customers using our infrastructure are able to bring applications to the cloud never previously possible, without the cost of re-architecture, and achieve incredible performance throughout the stack. From front-end application servers to database and storage, we are optimizing our customers’ most critical applications.”

With the increased levels of speed and availability now possible, high-demand applications such as those utilizing real-time targeting, analytics, or personalization now run in the cloud with extreme performance. Only Oracle Cloud Infrastructure offers: self-provisioning of multiple bare metal servers in less than five minutes with each supporting over 4 million IOPS*, block storage that linearly scales by 60 IOPS per GB, and now Oracle Exadata Cloud on the same low latency Virtual Cloud Networks. This combination of features enables applications to run at unparalleled speed. In addition, only Oracle Cloud Infrastructure offers complete compatibility with Oracle Databases deployed on-premises, helping ensure a smooth transition to the cloud, and an efficient hybrid cloud strategy. Oracle Exadata Cloud has expanded its geographical footprint into the US West (Phoenix, Ariz.) region, further enabling organizations worldwide to experience all the benefits of this high-performance system in the cloud, without the burden of managing and maintaining it internally.

"FICO provides real-time fraud, risk management and compliance software solutions to thousands of banks around the globe,” said Doug Clare, vice president for product marketing, FICO. “These clients, including the world’s largest financial institutions, demand the highest levels of solution performance, reliability, and security. When we needed to extend the performance of one of our key compliance risk applications to even higher throughput and resiliency standards, we looked to Oracle, who has been a reliable partner to FICO for many years. In our testing, the combination of Oracle Exadata and bare metal compute running on Oracle’s next-generation cloud infrastructure allowed us to set a new high water mark in performance for this mission-critical application. We were very impressed with both the collaboration and the results Oracle was able to provide, and look forward to bringing these impressive results to our joint clients."

Read more about bare metal compute performance on the Oracle blog here.

*Based on testing with the Gartner Cloud Harmony test suite

Contact Info
Jesse Caputo
Oracle
+1.650.506.5967
jesse.caputo@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Jesse Caputo

  • +1.650.506.5967

Kristin Reeves

  • +1.415.856.5145

Oracle Cloud Platform Customer Momentum Accelerates Globally

Mon, 2017-08-14 07:00
Press Release
Oracle Cloud Platform Customer Momentum Accelerates Globally Organizations choose Oracle Cloud Platform to accelerate innovation and business transformation

Redwood Shores, Calif.—Aug 14, 2017

Oracle today announced that it is gaining incredible customer momentum across the industry’s most comprehensive cloud business. In FY17, Oracle Cloud Platform revenues were up 60 percent from FY16 to $1.4 billion.  Organizations including Advanced Drainage Systems, ARRIS, Australian Finance Group, Benchmark, Detroit Water and Sewerage, Immofinanz AG, Malmo stad, Marz Systems, Mebrom, Nuvias Group, Pernod Ricard Asia, Telesoft, and Total are the latest to choose Oracle Cloud Platform to speed innovation and deliver best-in-class customer experiences.   

Oracle Cloud Platform provides organizations with everything they need to build, deploy, and extend applications and run business-critical workloads in the cloud.  Oracle’s PaaS helps enterprise IT and independent software vendor (ISV) developers rapidly build and deploy rich applications - or extend Oracle Cloud SaaS apps - using an enterprise-grade cloud platform based on the industry's #1 database and application server.  Oracle’s IaaS delivers a comprehensive set of integrated, subscription-based infrastructure services that enable businesses to run any workload in an enterprise-grade cloud managed, hosted, and supported by Oracle.

“Customer adoption of our Oracle Cloud Platform services is at an all-time high,” said Amit Zavery, senior vice president, product development, Oracle Cloud Platform. “We are committed to providing our customers with the most comprehensive, open, integrated, and differentiated cloud platform to help fuel innovation and redefine their businesses.”

Customers Drive Innovation and Business Transformation with Oracle Cloud Platform


"We were able to meet our goals of integration between cloud and on-premise applications, which are core to our business, in a very short time with Oracle Cloud Platform Integration solutions. We not only gained value in short time by reducing test and development time but also will have savings annually in IT expenses,” said Behshad Beheshti, Vice President of Information Technology at ARRIS. "The new system is more secure and agile, and we are excited that this system has met and exceeded our expectations."

“Today's environment is ultra-competitive, driven by nimble organizations born on cloud technology. They are driven to digitalize processes and disrupt the established,” said Andrew McGee, IT Manager, Australian Finance Group.  “To compete we've rebuilt our home loan process on Oracle Process Cloud, Oracle SOA Cloud, and Oracle Content and Experience Cloud.”

“The Detroit Water and Sewerage Department is changing its technology landscape by moving to Oracle Database Exadata Cloud Service in order to lower overall IT costs, and increase deployment flexibility of services to better serve our customers,” said Dan Rainey, CIO, Detroit Water and Sewerage Department.

“Oracle’s PaaS is of tremendous help for Immofinanz AG when it comes to bringing the real estate business from the slow and cumbersome Stone Age into a new digital era by integrating external and internal systems in a seamless and very intuitive way,” said Martin Seiser, CIO, Immofinanz AG.  “Having a heterogeneous environment connected tightly via Oracle PaaS allows us to run an efficient and lean business, which will help make Immofinanz AG one of the top real estate companies in Europe.”

“Oracle Cloud Infrastructure enabled us to dynamically adjust the compute, storage, and network resources to deliver the scale and performance our enterprise customers needed for their mission critical systems,” said Tahir Muhammad, Vice President of Information Technology at Marz Systems. “Oracle Cloud Infrastructure really empowered us to offer dedicated compute horsepower, which resulted in better performance and higher customer satisfaction.”

“With Oracle Business Intelligence Cloud, all the processed information is correct, relevant, and easy to access for all users whenever and wherever they need it,” said Conny Bjorling, Head of Enterprise Architecture, Skanska AB. “It will help to improve decision-making in our global organization.”

“Our Connect platform is core to our business and being able to move it to Oracle Cloud Infrastructure provided performance and availability superior to our own data center,” said Thierry Zerbib CTO, Telesoft.  “Oracle enabled us to get out of the datacenter business and focus on what is truly important to our organization.”

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Sarah Fraser
Oracle
+1.650.743.0660
sarah.fraser@oracle.com
About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Nicole Maloney

  • +1.650.506.0806

Sarah Fraser

  • +1.650.743.0660

Higher Education Institutions Select Oracle EPM Cloud to Drive Student Success

Mon, 2017-08-14 06:59
Press Release
Higher Education Institutions Select Oracle EPM Cloud to Drive Student Success Academic institutions leverage Oracle EPM Cloud to master increasing industry complexity, innovate, and grow

Redwood Shores, Calif.—Aug 14, 2017

Higher education institutions of all sizes across the U.S. have invested in Oracle Enterprise Performance Management (EPM) Cloud solutions for the modern planning and forecasting insights. Oracle EPM Cloud customers in higher education include: Lorain County Community College, San Francisco State University, Shawnee State University, University of Maryland, Baltimore, University of Wyoming, and the University System of New Hampshire.

Oracle EPM Cloud helps higher education institutions better align budget dollars with organizational priorities to achieve academic and financial goals. With an intuitive user experience and prebuilt financial functions, higher education institutions can get greater insights from Oracle EPM Cloud’s automated data analysis. Oracle EPM Cloud also helps with statutory and management reporting requirements higher education institutions may have to stakeholders, including state and local governments, governing boards, or accreditation bodies. The increased visibility into funding and tuition changes also helps them become more efficient and effective with public and private dollars.

A public research university located in San Francisco, California, San Francisco State University (SFSU) offers Bachelor’s, Master’s, and Doctoral degrees to nearly 30,000 students. SFSU has been live on Oracle ERP Cloud and Oracle HCM Cloud for a number of years and wanted to perform advanced planning and analytics for multiple systems. They selected EPM to help them with reporting on their budget, particularly budgeting for headcount planning for future positions.

“San Francisco State University implemented Oracle EPM Cloud this year with the main goal being to reduce our time sifting through multiple systems and data downloads to just put a simple financial report or analysis together," said Elena Stoian, executive director, budget administration & operations at SFSU. "The budget office was spending more time finding data than conducting any analytical work. With Oracle EPM Cloud running, we are able to easily obtain the necessary financial data and spend more time on understanding and analyzing the numbers. Our end goal is to roll out the solution university-wide as our budgeting tool and we are on track to do just that.”

“Oracle’s cloud-based infrastructure offers the University of Maryland, Baltimore a great solution to help us achieve our goals: to minimize the costs of upgrading and maintaining hardware, while at the same time improving the functionality and security of our financial management systems as the fiscal nature of higher education grows more complex,” said Dawn M. Rhodes, chief business and financial officer and vice president. “We are counting on Oracle’s collaboration to make our cloud transition a success.”

Established in 1986 in Portsmouth, Ohio, Shawnee State University is a public university with approximately 3,600 students. As the state now allocates funding to Shawnee State based on performance and graduation rates, it needed to quickly revamp its business processes to become more cost efficient with tuition dollars. The modern features and functionality of Oracle EPM Cloud enable staff to focus on making good decisions about costs and revenue so the university can continue to provide students with a good academic experience.

“Shawnee State combines high-quality programs with affordable tuition to make college possible for students throughout Ohio and the Midwest, said Dr. Rick Kurtz, president of Shawnee State University. “Achieving greater operational efficiencies helps us remain one of the most affordable options for students. We realized immediate and significant streamlining of paper-laden, manual processes with the implementation of Oracle Cloud Applications for ERP, HCM, and EPM. With a very small contingent of staff and the help of Oracle implementation partners, Drivestream and Navigator Management Partners, Shawnee State successfully implemented the entire system in less than a year.”

“We provide higher education institutions with tools that provide transparency into the costs of higher education so they can offer their students the best academic experience possible,” said Hari Sankar, group vice president, EPM product management at Oracle. “By providing departments with insights on the revenue they generate and the resources they consume, Oracle EPM Cloud can help institutions make more informed decisions about resource alignment for their programs.”

Additional Information

Oracle Enterprise Performance Management (EPM) Cloud’s Facebook and Twitter or the Oracle Modern Finance Leader blog.

Contact Info
Joann Wardrip
Oracle
+1.650.607.1343
joann.wardrip@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 Corporation.

Talk to a Press Contact

Joann Wardrip

  • +1.650.607.1343

Thousands of New Customers Improve Business and Gain Insight with Oracle Analytics Cloud

Thu, 2017-08-10 11:29
Press Release
Thousands of New Customers Improve Business and Gain Insight with Oracle Analytics Cloud Oracle delivers industry’s most comprehensive cloud analytics platform featuring new self-learning analytics

Redwood Shores, Calif.—Aug 10, 2017

Connecting people to the information they need through the power of cloud technology, Oracle today announced that Oracle Analytics Cloud is experiencing significant growth with thousands of organizations subscribing to the service globally. In addition to tripling adoption over the last 12 months, nearly 75 percent of customers are new to Oracle Analytics Cloud, ranging from small and medium sized businesses accessing enterprise-class analytics for the first time to large organizations modernizing their analytics platforms. Arlington Orthopedic Associates, Outfront Media, and Skanska AB are among those using Oracle Analytics Cloud to identify new savings, help increase their return on investment, and fuel innovation.

In response to this rapid growth, Oracle released a new version of Oracle Analytics Cloud earlier this year, extending its breadth and depth with new capabilities such as user-driven scenario modeling, next-generation mobile and social analytics, and complete customer control over their cloud environment. 

“Oracle Analytics Cloud makes it easy for customers to gain new insights and reap the rewards of digital transformation by offering the speed, scale, power, and flexibility organizations need in a single platform,” said Rich Clayton, vice president of analytics product strategy, Oracle.  “Customers clearly understand the value, which is driving strong growth across the board – in our base, with new customers, and in utilization, which is the highest of any Oracle Platform as a Service offering.”

Oracle Delivers Most Comprehensive Cloud Analytics Platform

Oracle Analytics Cloud provides the industry’s most comprehensive cloud analytics in a single platform, including everything from self-service visualization and powerful inline data preparation to enterprise reporting, advanced analytics, and self-learning analytics that deliver proactive insights. With support for more than 50 data sources and an extensible, open framework, Oracle Analytics Cloud gives customers a complete, connected, collaborative platform that brings the power of data and analytics to every process, interaction, and decision. 

John Cronin, Group CIO at An Post, explained that Ireland’s postal service chose Oracle Analytics Cloud “to extend and integrate into our existing big data analytics. This modern, agile, platform has enabled us to readily externalize our existing analytics and share insights with key customers.”

As part of this release, Oracle introduced an innovative new service, Oracle Analytics Cloud Day by Day. It is the first enterprise analytic application delivering proactive analytics to mobile devices based on business updates and personal preferences, ensuring the right information is always available, without customers even having to ask for it. Oracle Analytics Cloud Day by Day is complemented by a native mobile application, Oracle Analytics Cloud Synopsis, which enables anyone to visually analyze files on their mobile devices and then combine those insights with business information in Oracle Analytics Cloud Day by Day. The Oracle Analytics Cloud Synopsis app is available for free to all mobile users from the App Store for iPhone and iPad, and Google Play™ Store.

“One of our goals is to help our customers take advantage of cloud analytics,” said Francisco Tisiot, principal consultant at Rittman Mead.  “Oracle Analytics Cloud provides complete and elastic business intelligence, and is customizable and manageable by customers, all in the Oracle Cloud.”

Contact Info
Jesse Caputo
Oracle PR
+1.650.506.5967
jesse.caputo@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

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

Trademarks

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

Talk to a Press Contact

Jesse Caputo

  • +1.650.506.5967

Kristin Reeves

  • +1.415.856.5145

Dubai Duty Free Completes Upgrade of Oracle Retail Release 16 in 8 Months

Wed, 2017-08-09 10:30
Press Release
Dubai Duty Free Completes Upgrade of Oracle Retail Release 16 in 8 Months Airport Retailer Deploys New Tools That Provide Accurate Inventory Visibility and Operational Productivity

Redwood Shores, Calif.—Aug 9, 2017

Dubai Duty Free is the first customer to upgrade to Oracle Retail Release 16, Oracle announced today. One of the largest airport retailers in the world, Dubai Duty Free provides customers with first-class service, excellent value, a wide range of quality products and a world-class shopping environment. Now employing almost 6,000 people, the brand has consistently raised the benchmark for airport retailing while welcoming more than 78 million shoppers in 2016.

In less than 8 months, Dubai Duty Free completed its upgrade of Oracle Retail Merchandising System, Price Management, Invoice Match, Sales Audit, Warehouse Management, Store Inventory Management and Retail Insights from Release 12 to Release 16. The upgrade project also included interfaces to e-commerce, the point-of-sale system, warehouse automation and the Oracle E-business suite.

The new functionality of Release 16 will increase user productivity through exception-based retailing, persona specific dashboards, operational efficiencies, and widespread mobility. Additionally, the new technology allows click and collect with accurate inventory visibility and best-in-class processes with Oracle Commerce and Oracle Retail.

"Oracle understands the Middle Eastern market and is constantly extending the breadth and depth of its applications to match the challenges of modern organizations in all industry sectors,” said Ramesh Cidambi, Chief Operating Officer, Dubai Duty Free. “Dubai Duty Free incorporates Oracle Retail solutions that reflect the retail expertise, knowledge, and understanding that we need as our business continues to grow.”

“Tata Consulting Services (TCS) partnered with my team and Oracle Retail to ensure the project was delivered on time and within budget. Dubai Duty Free established a Train the Trainer program and anointed a User Acceptance Team to ensure a smooth roll out across the enterprise,” said Cidambi. “Setting up an Oracle Customer Management Office for better turnaround time on Service Requests has helped in timely resolution of priority issues. TCS provided expertise, enthusiasm and a collaborative approach to the implementation. The implementation of Oracle Retail is one of the smoothest implementations of my retail career.”

“Airports are by definition the retail environment where speed matters most,” said Ray Carlin, Senior Vice President and General Manager, Oracle Retail. “To deploy Oracle Retail Release 16 in such rapid time reflects the pace at which technology disruption is changing the ways people shop and is an incredible achievement by Dubai Duty Free and TCS.”

About Dubai Duty Free

Founded in 1983, Dubai Duty Free recorded first-year sales of US$20 million and has grown into one of the biggest travel retail operator in the world with sales turnover of US$1.85 billion in 2016.

Now employing almost 6,000 people, the operation has consistently raised the benchmark for airport retailing and it continues to grow. Dubai Duty Free currently operates some 36,000 sqm of retail space at Dubai International Airport and 2,500 sqm at Al Maktoum International that will grow in line with the massive development plans of Dubai South, which ultimately cover some 80,000 sqm of retail. 

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.

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

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Matt Torres

  • 415-595-1584

Oracle Announces Oracle Banking Payments Offering

Tue, 2017-08-08 08:00
Press Release
Oracle Announces Oracle Banking Payments Offering New solution built on ISO standards enables end-to-end payments innovation for banks

Redwood Shores, Calif.—Aug 8, 2017

Oracle today announced the worldwide release of its Oracle Banking Payments solution. The offering was built from the ground up leveraging ISO 20022 and is designed to help banks compartmentalize payments messaging, message transformation and payment processing while providing high fidelity insight. Using the Oracle Banking Payments API, banks can also innovate within the Internet of Payments, collaboration with 3rd parties or curate new business models in collaboration with Fintechs.

“As a core banking vendor we have been supporting payments for over two decades. We run payments for over 500 banks across 140 countries. In many instances our applications cater to a significant proportion of a country or a jurisdiction’s volumes, for example we enable over 20% of the inward and 22% of the outward real time settlements in India” said Chet Kamat, senior vice president, Oracle Financial Services. “With Oracle Banking Payments, financial institutions can improve straight through processing, support real-time and immediate payment settlement and reduce time-to-market while driving innovation.”

Digitization has brought banks to a payments arena tipping point where customers demand constant availability for real-time, frictionless payments. Grappling with increasing levels of operational complexities, banks have increasingly adopted siloed structures and multiple messaging standards leading to a disharmonized payment landscape. At the same time, new players are challenging incumbents by offering personalized products, exemplary efficiency and security. To remain competitive, financial institutions need to adopt a transformational approach that addresses the changing dynamics of the payments marketplace.

With Oracle Financial Services Analytical Applications (OFSAA), Oracle Banking Digital Experience, Oracle FLEXCUBE, Oracle Banking Platform and Oracle Financial Services Revenue management and Billing, today’s announcement of Oracle Banking Payments makes Oracle the most comprehensive solution provider for the payments industry.

Contact Info
Alex Moriconi
Oracle Corporation
+1-650-607-6598
alex.moriconi@oracle.com
Additional Information

Oracle Banking Payments supports global as well as local payment standards like SEPA, SWIFT 2017, Fedwire, US ACH and SWIFT GPI. Banks can easily extend the system themselves to comply with any local and international clearing and settlement messages.

About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Alex Moriconi

  • +1-650-607-6598

Oracle Announces Oracle Banking Liquidity Management and Oracle Banking Corporate Lending

Tue, 2017-08-08 08:00
Press Release
Oracle Announces Oracle Banking Liquidity Management and Oracle Banking Corporate Lending New solutions to enable digitization of corporate banking

Redwood Shores, Calif.—Aug 8, 2017

Oracle today announced the launch of two new solutions: Oracle Banking Liquidity Management and Oracle Banking Corporate Lending. These offerings are designed to meet the needs of banks looking to provide real-time, multi-currency, cross border, multi-entity banking services while maintaining high fidelity insight and multi-jurisdictional compliance.

“The constraints of geographies, currencies, time-zones, cash and credit have lesser relevance in the world of digital corporates,” said Chet Kamat, senior vice president, Oracle Financial Services “With the shift towards digital it is critical that banks transform to cater to the emerging needs of their corporate customers. It is in this context that we have developed next generation liquidity and corporate credit solutions. We abstracted our experience of working across more than 140 countries, transforming the business of some of the largest corporate banks globally, to bring together functionalities that enable our customers to be leaders in the corporate banking space”

With the launch of Oracle Banking Corporate Lending, Oracle now offers banks a full spectrum of assets to enable a performance-driven corporate credit business. The solution supports the entire credit lifecycle from customer onboarding to credit management and loan processing. Banks can now structure profitable financing deals, lower credit risk and embed optimized credit support at every stage of the customer’s business.

Oracle Banking Liquidity Management helps banks adopt techniques such as multi-level sweeping and pooling, interest optimization and reallocations, across currencies, geographies and customer entities.

Oracle is committed to the global banking sector and with the addition of these innovative technologies to an already extensive cadre of offerings banks may rest assured that their customers will be even more efficient. Oracle’s new corporate banking offerings are another step toward financial excellence in a globalized economy while ensuring that banks remain a valued partner to their corporate customers.

Contact Info
Alex Moriconi
Oracle Corporation
+1-650-607-6598
alex.moriconi@oracle.com
Additional Information

Oracle’s solutions for corporate banking include Oracle Banking Liquidity Management, Oracle Banking Corporate Lending, Oracle FLEXCUBE, Oracle FLEXCUBE Enterprise Limits and Collateral Management, Oracle Revenue Management and Billing, Oracle Banking Digital Experience and Oracle Financial Services Analytical Applications.

About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Alex Moriconi

  • +1-650-607-6598

Oracle Empowers Organizations to Meet Accelerating Market Changes with Major Innovations to Supply Chain Management Cloud

Tue, 2017-08-08 07:00
Press Release
Oracle Empowers Organizations to Meet Accelerating Market Changes with Major Innovations to Supply Chain Management Cloud Six new applications and hundreds of new capabilities enhance the user experience and support demand-driven business models with modern, end-to-end supply chain best practices

Redwood Shores, Calif.—Aug 8, 2017

To help organizations meet rapidly changing business demands, Oracle today announced significant expansions to Oracle Supply Chain Management (SCM) Cloud. Part of Oracle Cloud Applications Release 13, the latest release of Oracle SCM Cloud delivers a comprehensive, next-generation supply chain platform that enables organizations to embrace outside-in demand driven processes and capabilities without the complexities and constraints of traditional supply chain architectures. The new release includes a number of innovative solutions including: supplier collaboration, quality management, maintenance, sales and operations planning, demand management, and supply planning, as well as expansions across all existing solutions.

To successfully manage accelerating technology, business and industry changes, organizations must rethink traditional supply chain systems to make them connected, agile and customer-oriented. The latest release of Oracle SCM Cloud empowers organizations to meet these changing market needs and customer service requirements by supporting demand-driven, aligned and digitally connected business models. As a result, organizations can improve customer service and customer-direct channels, while facilitating increased margins, reduced inventory costs and minimized supply disruptions.

“Business leaders recognize the undeniable benefits of digitizing core business functions like the supply chain, yet many still struggle to maintain outdated supply chain systems that are designed for the problems of the past—not the challenges of the future,” said Jon S. Chorley, chief sustainability officer and group vice president of supply chain management product strategy at Oracle. “Oracle SCM Cloud is built from the ground up for the cloud in order to support current and future business challenges. These enhancements go broader and deeper, demonstrating our commitment to supply chain excellence, which includes delivering the visibility, insights and capabilities organizations need to successfully balance supply and demand across increasingly complex global supply chains.”

With the latest release of Oracle SCM Cloud, Oracle is significantly expanding the industry’s broadest cloud-based supply chain management suite. This release includes the introduction of six new applications and hundreds of new capabilities that support demand-driven business models with modern end-to-end supply chain best practices, as well as user experience enhancements, including infolets. The six new products included in the latest release of Oracle SCM Cloud are:

  • Oracle Sales and Operations Planning (S&OP) Cloud: Executes strategy consistently with enterprise-wide alignment and visibility for growth and profitability, helping organizations achieve business goals by quickly evaluating and acting on plans. Organizations can benefit from aggregate planning with social collaboration and S&OP process management by aligning sales and operations to enhance decision making using embedded analytics.
  • Oracle Demand Management Cloud: Enables organizations to achieve business objectives by optimizing new product introductions, improving decision making and synchronizing cross-functional demand plans. Organizations can improve demand visibility, manage demand variability and accurately sense, predict and shape customer demand.
  • Oracle Supply Planning Cloud: Adapts quickly to fluctuating demand with the ability to plan for multiple manufacturing and fulfillment strategies in real time, including planning global supply chain activities, monitoring and prioritizing problem areas, and evaluating and executing the actions that will have the greatest impact. Enables greater agility with a comprehensive Genealogy and Installed base system that tracks as-built details and is leveraged by Maintenance Cloud and the new Service Contracts Cloud.
  • Oracle Supply Chain Collaboration Cloud: Supports increased business velocity by enabling organizations to plan, manage and collaborate with suppliers and contract manufacturers more efficiently. It enables organizations to benefit from integrated planning, orchestration, visibility and execution to better transact with trading partners, collaborate on order forecasts and manage exceptions, track production processes more effectively, and gain control over outsourced operations.
  • Oracle Quality Management Cloud: Delivers exceptional product quality to protect organizations’ brands with the combination of collection, analysis and action. Enables organizations to drive best practices from issue to resolution by providing a comprehensive and integrated solution for auditable, closed-loop quality management.
  • Oracle Maintenance Cloud: Enables improved return on capital and lower costs with the ability to better maintain enterprise assets. Helps organizations to achieve efficient and productive maintenance operations. Organizations can leverage complete integration of maintenance, supply chain and financial applications to transform asset maintenance from a complex and expensive process into one that can open up the ability to gain a competitive advantage.

In addition to these new products, existing Oracle SCM Cloud modules have been significantly enhanced. Highlights include:

  • Information-Driven Navigation: All user functions are now accessible through role-specific dashboards and landing pages composed of analytic infolets that highlight issues and direct users to relevant actions.
  • Inventory: Ability to source all requisitions from internal warehouses.
  • Manufacturing: Full support of outside processing.
  • Mobility: A new mobile application to collect and vote on product innovation ideas.
  • Order Management: Integration with Oracle Configure, Price and Quote (CPQ) Cloud and the ability to use the SCM Configurator within CPQ.
  • User Experience: Completely redesigned self-service procurement constructed around the familiar shopping cart experience.

Additional Information

For additional information on Oracle Supply Chain Management (SCM) Cloud, visit Facebook, Twitter or the Oracle SCM blog.

Contact Info
Joann Wardrip
Oracle
+1.650.607.1343
joann.wardrip@oracle.com
About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Joann Wardrip

  • +1.650.607.1343

Oracle Named a Leader in the 2017 Gartner Magic Quadrant for Web Content Management

Mon, 2017-08-07 07:00
Press Release
Oracle Named a Leader in the 2017 Gartner Magic Quadrant for Web Content Management Oracle positioned as a leader based on completeness of vision and ability to execute

Redwood Shores, Calif.—Aug 7, 2017

Oracle today announced that it has been named a leader in Gartner’s 2017 “Magic Quadrant for Web Content Management*” report. Oracle believes this placement is another proof point of momentum for Oracle’s hybrid cloud strategy with Oracle WebCenter Sites and growth for Oracle Content and Experience Cloud, part of the Oracle Cloud Platform.

“We believe this placement is further validation of Oracle’s continued momentum in the content as a service space and larger PaaS and SaaS market,” said Amit Zavery, senior vice president, product development, Oracle Cloud Platform. “Without proper tools, organizations cannot manage all types of content in a meaningful way. Not only does our solution put content in the hands of its owners, but it also offers the versatility and comprehensiveness to support a broad range of initiatives.”

According to Gartner, “Leaders should drive market transformation. Leaders have the highest combined scores for Ability to Execute and Completeness of Vision. They are doing well and are prepared for the future with a clear vision and a thorough appreciation of the broader context of digital business. They have strong channel partners, a presence in multiple regions, consistent financial performance, broad platform support and good customer support. In addition, they dominate in one or more technologies or vertical markets. Leaders are aware of the ecosystem in which their offerings need to fit.”

Oracle’s capabilities extend beyond the typical role of content management. Oracle provides low-code development tools for building digital experiences that exploit a service catalog of data connections. Oracle Content and Experience Cloud enables organizations to manage and deliver content to any digital channel to drive effective engagement with customers, partners, and employees. With Oracle Content and Experience Cloud, organizations can enable content collaboration, deliver consistent omni-channel experience with one central content hub.

Download Gartner’s 2017 “Magic Quadrant for Web Content Management” here.

Oracle WebCenter Sites and Oracle Content and Experience Cloud enable organizations to build rich digital experiences with centralized content management, providing a unified repository to house unstructured content, enabling organizations to deliver content in the proper format to customers, employees and partners, within the context of familiar applications that fit the way they work.

* Gartner, “Magic Quadrant for Web Content Management,” Mick MacComascaigh, Jim Murphy, July 2017

Contact Info
Kristin Reeves
Blanc & Otus
+1.415.856.5145
+1.415.856.5145
Sarah Fraser
Oracle
+1.650.743.0660
sarah.fraser@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.

Disclaimer

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

Talk to a Press Contact

Kristin Reeves

  • +1.415.856.5145

Sarah Fraser

  • +1.650.743.0660

Oracle, SafeLogic and OpenSSL Partner on Next Generation FIPS Module

Thu, 2017-08-03 07:00
Press Release
Oracle, SafeLogic and OpenSSL Partner on Next Generation FIPS Module Oracle dedicates seed funding towards developing FIPS module for OpenSSL 1.1 and calls on corporate sponsors in the FOSS ecosystem to join the effort

Redwood Shores, Calif.—Aug 3, 2017

Oracle, OpenSSL and SafeLogic today announced a seed investment in developing the next generation open source OpenSSL 1.1 FIPS 140-2 module, and called for others to join the effort. OpenSSL is the most widely used and respected cryptographic library protecting data transfers across computer networks. 
 
The Federal Information Processing Standard (FIPS) 140-2 is a joint U.S. and Canadian government security standard for testing cryptographic modules, the objective of which is to ensure the use of strong and validated cryptographic protection in U.S. and Canadian government systems. However, it’s also widely respected and informally accepted by other countries and non-government industries as a strong and trustworthy standard for cryptographic modules used within commercial products. The current FIPS module for OpenSSL has not had a significant upgrade since 2012, during which time encryption standards have significantly evolved. Helping drive the updated OpenSSL FIPS project forward, Oracle has made a $50,000 seed investment to start the project, with another $50,000 to follow based on the progress of the effort.
 
“Ensuring that OpenSSL maintains an up to date FIPS implementation is critical to helping maintain the security posture of sensitive data on government systems and the continuous safety of millions of transactions performed daily. We as a community have a responsibility to maintain the confidence of users in these systems,” said Jim Wright, Chief Architect, Open Source Policy, Strategy, Compliance and Alliances at Oracle. “Given the complexity of the task at hand, we encourage other software vendors to join us in and donate to this project to deliver a free, open-source FIPS module that will benefit everyone.”
 
In addition to working closely with the OpenSSL Foundation’s team, Oracle and SafeLogic have worked closely on both investments in and the project framework of this effort. SafeLogic has been actively working with OpenSSL on this project since July 2016.
 
“This is what we've been waiting for—getting this effort off to a good strong start—and with a few more partners from the community, we'll be on our way toward a complete FIPS 140-2 solution for OpenSSL releases 1.1 and later,” said Steve Marquess, President of OpenSSL Validation Services, Inc. “We're already hard at work on the initial stage of designing a new module to accommodate the many changes in FIPS 140 validations over the past five years, and looking forward to a modernized implementation that can support the community for years to come.” 
 
“Oracle has made a significant pledge, underscoring their crucial role in the future of open source FIPS 140-2 capabilities,” said SafeLogic CEO Ray Potter. “Other sponsors with a vested interest should get in touch with SafeLogic to arrange their own donations, as we are administering contributions to directly fund both the hard and soft costs of the OpenSSL 1.1 FIPS Module project.”
 
For more information about the project, how to contribute or the future roadmap, please contact OpenSSL@SafeLogic.com.
Contact Info
Scott Thornburg
Oracle
+1 (415) 816-8844
scott.thornburg@oracle.com
Kris Reeves
Blanc & Otus
+1 (415) 856-5145
kristin.reeves@blancandotus.com
About Oracle

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

About SafeLogic

SafeLogic provides innovative encryption products for applications in mobile, server, and appliance environments. Our flagship product, CryptoComply™, provides drop-in FIPS 140-2 compliance with a common API across platforms, while our RapidCert process has revolutionized the way that FIPS 140-2 validations are earned. SafeLogic is privately held and is headquartered in Palo Alto, CA. For more information about SafeLogic, please visit www.SafeLogic.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

Scott Thornburg

  • +1 (415) 816-8844

Kris Reeves

  • +1 (415) 856-5145

Seaman Paper Asia Streamlines Business Operations with NetSuite OneWorld

Wed, 2017-08-02 13:00
Press Release
Seaman Paper Asia Streamlines Business Operations with NetSuite OneWorld Wrapping Paper Supplier Speeds Processes and Boosts Revenue 25 Percent Since Upgrading from MYOB

SAN MATEO, Calif. and HONG KONG—Aug 2, 2017

Oracle NetSuite Global Business Unit, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Seaman Paper Asia (SPA), a leading B2B supplier of lightweight decorative tissue papers for retail packaging and consumer products, has realised significant business benefits since replacing MYOB accounting software with NetSuite OneWorld in 2013. Based in Hong Kong with two locations in China, and one in Vietnam, SPA relies on NetSuite OneWorld to manage its mission-critical financial processes, distribution, inventory and order management, and customer relationship management (CRM) as well as multi-currency transactions in U.S., Hong Kong, and Singapore dollars and the Euro. Since deploying NetSuite OneWorld, the company has reduced the time needed to manage key business processes by half, and has seen a double-digit increase in top-line revenue.

With its previous MYOB system, SPA struggled with limited reporting capabilities and inefficient double-entry of data. Additionally, the company could not easily scale and lacked the CRM and international capabilities it needed for growth. SPA selected NetSuite OneWorld to gain the scalability and flexibility it.

“Our goal is to be a truly global supplier, but we wouldn’t have been able to sustain our business on MYOB,” said Sam Jones, office manager at SPA. “NetSuite’s powerful customisations and access to information anywhere streamlines our processes and helps us grow.”

Since going live on NetSuite OneWorld, top-line revenue has increased 25 percent at SPA, which produces gift wrapping paper for consumers, as well as branded wrapping paper for footwear and apparel brands such as Prada, Victoria’s Secret and Louis Vuitton. SPA has eliminated the manual process of creating separate sales and purchase orders in MYOB, as NetSuite automatically generates a PO from a sales order, reducing time required by more than one-half. “All our processes have been streamlined, from sales orders to invoicing and fulfillment,” Jones said.

In addition, SPA has greatly improved visibility into key business metrics with customisable NetSuite dashboards and robust reporting and analytics that allow users to drill down from transactions into details. A single source of unified data makes it easy to track trends, identify challenges and opportunities, and continuously optimise the business.

“NetSuite gives us a very powerful reporting and analysis environment,” Jones said. “I’ve set up my dashboard in a way that I can see a cross section of sales performance data — it’s all very intuitive, easy and at my fingertips.”

“SPA is a great example of how organisations in Hong Kong and Southeast Asia can improve business performance with NetSuite”, said Herman Yong, Chief Solution Architect at One Pacific Services, a NetSuite Solution Provider in Hong Kong that implemented OneWorld at SPA.

“We’ve seen soaring demand in Hong Kong and Southeast Asia at large for cloud-based business management software that offers scale and agility not possible with outdated systems,” Herman said. “The results that SPA has seen reflect just how transformational moving to NetSuite is for companies in a range of industries.”

NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and transactions in more than 200 countries.

Additional benefits that SPA has realised with NetSuite OneWorld include:

  • Multi-currency transactions. NetSuite OneWorld enables SPA to streamline transactions in U.S., Hong Kong and Singapore dollars and the Euro, while Seaman Paper Europe transacts in the Euro and U.S. dollar.
  • International tax compliance. Working with NetSuite Solution Provider Alta Via, the German subsidiary uses NetSuite OneWorld to improve its European Union and Germany tax compliance.
  • Anytime, anywhere cloud access. Ability to access business-critical information in NetSuite OneWorld from anywhere in the world has proven vital to help SPA staff keep their fingers on the pulse of the business while traveling or working remotely.
  • Inventory visibility. SPA has real-time insights into inventory availability at warehouses in Hong Kong, Germany and the U.K., helping it better fulfill orders and manage production volume.
  • CRM capabilities. NetSuite CRM gives SPA sales staff a unified record of all customer account, interaction and order history information to help drive sales and provide a superior customer experience.
About Oracle NetSuite Global Business Unit

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

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

About Oracle

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

Trademarks

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

Industry Customers Modernize Business with Oracle Cloud

Wed, 2017-08-02 10:46
Press Release
Industry Customers Modernize Business with Oracle Cloud Oracle Global Business Unit cloud solutions drive innovation and accelerate success

Redwood Shores, Calif.—Aug 2, 2017

Companies in growing numbers across industries are gaining new efficiencies while modernizing their businesses with Oracle Cloud. Retail, Hospitality, Financial Services, Health Sciences, Construction & Engineering, Utilities, and Communications customers are able to innovate faster, increase productivity, and lower costs with a growing array of Oracle Global Business Unit solutions. AT&T, gnTel, Cordoba Corporation, Lenox and Al Nadhi are just a few of the latest customers who are benefiting from these cloud solutions.

“The worldwide cloud services market continues to display strong growth, as companies across verticals increasingly seek industry cloud applications and cloud-based solutions. Technology providers who can help companies more seamlessly share data and integrate multiple facets of the business will be best positioned to succeed,” Eric Newmark, Program Vice President, SaaS and Industry Cloud, IDC.

While each industry faces unique challenges, there are underlying complexities that transcend them all—meeting increasing customer demands, speeding data intelligence to action and enhancing agility. With a focus on providing solutions that serve as the backbone of companies’ digital transformations, Oracle Global Business Units deliver a powerful business proposition: industry specialization at a global scale and in the cloud. 

“With digital technologies now woven through every facet of society, at the heart of today’s new business environment is an even more informed and empowered customer,” said Bob Weiler, Executive Vice President, Global Business Units at Oracle. “Businesses must quickly evolve and innovate to keep pace with ever changing and growing demands, making the cloud a necessity. No one is better positioned than Oracle to help our customers navigate this new reality.”

Customers Driving Success in the Cloud

“Our focus is providing customers enduring luxury products and trend-setting brands with a fresh, engaging shopping experience. Oracle Commerce Cloud keeps us current in a rapidly changing consumer environment across online and mobile channels with over 25 percent improvement in year-over-year mobile sales,” said Ravi Kurumety, CIO, Lenox Corporation. “Consumers are inspired and empowered by a more visual, intuitive shopping experience where they can easily discover new complementary items and designs to patterns they already own.”

“Oracle’s Primavera Unifier enables Cordoba to share information fluidly between the office and the field, improve document management, and drive efficiency across business processes—all of which are critical in managing complex construction projects. A best-in-class project lifecycle solution, Primavera Unifier delivers the reliability of the Oracle cloud and many other benefits of having Oracle as a partner,” said Stephanie Lightner, Program Scheduler for Cordoba Corporation.

“At gnTel, we recognize the fast pace of technology evolution in the telecom industry. We wanted to invest in a proven solution from a company that brings together expertise in cloud, virtualization, IT, and telecommunications,” said Onno Speekenbrink, gnTel. “Oracle’s solution will position us well for future growth.”

Oracle Leading Industry Innovation in the Cloud

Oracle Global Business Units continue to unveil new cloud-based advancements, empowering users to modernize their customer experience, remove operational silos, meet new regulatory requirements and make data more accessible. Recent cloud innovations include:

  • Health Sciences: Oracle Health Sciences Clinical One Platform, a new cloud-based eClinical solution, unifies clinical development operations and information in a single environment with shared functions that saves time for everyone involved in clinical trials.
  • Utilities: Oracle Utilities Work and Asset Cloud Service is an innovation foundation for asset performance management which enables utilities to increase asset reliability by finding asset failures faster and performing predictive maintenance with integrated APM and analytics. Recently announced, Oracle Utilities Operational Device Cloud Service (ODCS) also enables utilities to further automate the management of their smart grid assets and IoT devices, at a lower total cost of ownership.
  • Construction & Engineering: Oracle Prime, Oracle Construction and Engineering’s cloud-based project success platform, features several recent enhancements. With new innovations for field management, Lean scheduling and capital planning, Oracle Prime further improves decision-making and project delivery to drive better outcomes across the project life cycle. Mobile ready and with built-in analytics, Oracle Prime connects field and office to improve collaboration and provide real-time visibility into project cost, schedules, risk and performance data.
  • Communications: Empowering innovative businesses to launch competitive pricing models in the era of digital commerce, Oracle Monetization Cloud service accelerates time to market for digital and subscription-based products and services. The solution delivers the full life cycle of customer onboarding, offer creation, robust rating and discounting, billing, customized invoicing and reporting.
  • Retail: Oracle Retail Release 16 includes cloud solutions for merchandising, planning, supply chain and omnichannel operations designed to empower retailers of all sizes to maximize margins, encourage associate engagement with consumers and free IT departments to focus on innovation projects.
  • Hospitality: Hoteliers are using Oracle Hospitality OPERA Cloud property management to simplify IT across its network of properties and create a singular guest profile to help drive loyalty and an overall better guest experience. Food and beverage operators are using Oracle Hospitality Simphony Cloud to increase revenues and operational efficiency in restaurants, bars, and stadiums through faster adoption of new guest engagement channels and centralization of menus, promotions, and reporting.
Contact Info
Judi Palmer
Oracle
650-506-0266
judi.palmer@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

Judi Palmer

  • 650-506-0266

Pages