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Oracle Buys Vocado

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

Redwood Shores, Calif.—Apr 30, 2018

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

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

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

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

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

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

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

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

Trademarks

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

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

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

Talk to a Press Contact

Deborah Hellinger

  • +1.212.508.7935

Ken Bond

  • +1.650.607.0349

Brazilian Footwear Retailer Paquetá Shoes Creates Competitive Differentiation with Inventory Insights

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

Redwood Shores. Calif,—Apr 30, 2018

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

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

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

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

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

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

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

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

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

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

About Oracle Retail

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Matt Torres

  • 4155951584

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

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

Redwood Shores, Calif.—Apr 30, 2018

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

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

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

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

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

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

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

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

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

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

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

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

About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.925.787.6744

Magic Memories Grows its Business by Capturing Smiles Across the World

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

SUITEWORLD18—LAS VEGAS—Apr 26, 2018

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

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

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

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

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

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

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

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

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

About Oracle NetSuite

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

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

About Oracle

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

Trademarks

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

Talk to a Press Contact

Suzanne Myerson

  • +61 414 101 583

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

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

SUITEWORLD18—LAS VEGAS—Apr 25, 2018

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

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

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

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

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

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

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

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

About Oracle NetSuite

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

For more information, please visit http://www.netsuite.com.

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

About Oracle

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

Trademarks

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

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

VIVOBAREFOOT Makes Giant Strides in Transforming the Footwear Industry

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

SUITEWORLD18—LAS VEGAS—Apr 25, 2018

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

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

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

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

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

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

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

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

About Oracle NetSuite

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

For more information, please visit http://www.netsuite.com.

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

About Oracle

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

Trademarks

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

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

Loot Crate Achieves Explosive Growth on NetSuite

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

SUITEWORLD18—LAS VEGAS—Apr 25, 2018

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

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

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

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

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

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

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

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

About Oracle NetSuite

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

For more information, please visit http://www.netsuite.com.

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

About Oracle

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

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

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Michael Robinson

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

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

Redwood Shores, Calif.—Apr 25, 2018

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

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

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

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

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

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

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

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

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

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

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

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Kristin Reeves
Blanc & Otus
+1.925.787.6744
kreeves@blancandotus.com
About Oracle

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

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

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Nicole Maloney

  • +1.650.506.0806

Kristin Reeves

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

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

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

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

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

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

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

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

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

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

About Oracle NetSuite

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

For more information, please visit http://www.netsuite.com.

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

About Oracle

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

Trademarks

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

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Michael Robinson

  • 781-974-9401

NetSuite Unveils World’s First Intelligent Cloud Suite

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

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

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

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

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

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

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

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

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

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

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

For more information, please visit http://www.netsuite.com.

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

About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

NetSuite Enables Businesses to Launch an Online Store Within 30 Days

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

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

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

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

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

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

SuiteCommerce delivers:

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

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

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

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

For more information, please visit http://www.netsuite.com.

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

About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

NetSuite Industry Innovations Help Businesses Accelerate Growth

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

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

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

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

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

New Industry SuiteSuccess Cloud Solutions

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

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

New Vertical Industry Functionality

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

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

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

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

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

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

About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

NetSuite Empowers Businesses to Capitalize on Opportunities Presented by World’s Largest and Fastest Growing Economies

Tue, 2018-04-24 11:00
Press Release
NetSuite Empowers Businesses to Capitalize on Opportunities Presented by World’s Largest and Fastest Growing Economies NetSuite OneWorld adds localized product capabilities and expands in-country presence for businesses in Germany, France, China, Japan, Brazil and Mexico

SUITEWORLD18—LAS VEGAS—Apr 24, 2018

Extending its commitment to helping businesses across the world grow, scale and adapt to change, Oracle NetSuite today announced localized product capabilities and customer support for businesses in Germany, France, China, Japan, Brazil and Mexico. With the new local capabilities and in-country teams, NetSuite further empowers customers to take advantage of one unified business platform to streamline the management of multi-subsidiary operations, achieve consistent processes across countries, support global compliance and gain real-time global insight.

“With ever-changing regulations and evolving customer expectations, it is getting harder for businesses to drive growth both locally and internationally,” said Jim McGeever, executive vice president, Oracle NetSuite. “With new native localizations and customer support, we are giving our customers a complete solution with language, currency, tax compliance and local support teams in six of the world’s biggest and fastest growing economies.”

Germany, France, China, Japan, Brazil and Mexico are among the top 15 largest and fastest growing economies in the world, but increasing competition, shifting customer expectations and constantly changing regulations mean it is harder than ever to capitalize on the opportunities presented by these economies. With the new localized product capabilities and local in-country teams, NetSuite empowers businesses headquartered or operating subsidiaries in these economies to quickly and easily leverage an integrated suite of modern business applications to drive growth, reduce costs and achieve the benefits of cloud computing. 

With customers now operating in 199 countries and dependent territories around the world, NetSuite is the proven cloud ERP business platform of choice for companies operating and growing internationally. The expanded global support further extends NetSuite OneWorld, a real-time, unified global business management platform that enables global businesses to streamline multi-subsidiary operations and achieve real-time visibility into key business metrics at the local, regional and headquarter levels. In addition, to help businesses across the world successfully grow, OneWorld supports 190 currencies, 24 languages, automated tax calculation and reporting in more than 100 countries.

  • Germany: NetSuite has achieved the local IDW PS 880 certifications necessary to validate NetSuite OneWorld for use by companies headquartered in Germany, and subsidiaries of multinational companies with operations in Germany. In addition, NetSuite OneWorld delivers country-specific features and functionality such automated period end closing entries, general ledger impact locking (Storno) and coming later this year, legal central bank reporting Z4/Z5a, fixed asset reporting – Anlagengitter, and bank and cash management updates.
  • France: NetSuite has achieved the first ever formal certification of NetSuite software in the market. OneWorld for French-based companies delivers period end close journals, FEC reporting, (Fichier d’écritures comptables), general ledger impact locking (Storno), Foreign Currency Gains/Losses variance postings (including custom rules), and coming in the next release support for Lettrage.
  • China: NetSuite customers can now open subsidiaries or new businesses in the world’s fastest-growing economy without the need for third-party products or extensive customization. Support for local Chinese requirements includes China-specific Reports and accounting as well as support for the China Golden Tax System.
  • Japan: NetSuite customers can now benefit from an improve user experience that includes enhanced Japanese summarized invoice support and automatic validation of closing and payment date. Summarized invoice support enables users to easily follow the general practice of sending a consolidated statement of all invoices, while automatic validation of closing and payment date capabilities enables users to automatically adjust the payment due dates on an invoice and credit memos if it falls on a weekend or holiday.
  • Brazil: NetSuite OneWorld can support services-based companies in Brazil, the largest economy in Latin America, with further plans to support product-based companies in the next 12 months. Support for local Brazilian requirements includes Brazilian-specific tax support, Nota Fiscal Eletrônica NFS-e (electronic invoices for services), electronic statutory reports and enabling Electronic Payments integrations to local banks.
  • Mexico: NetSuite customers can now benefit from native support for Mexican-based companies including the latest Electronic Invoicing requirements—CFDI 3.3—and Electronic Accounting 1.3.
Contact Info
Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
michael.s.robinson@oracle.com
About Oracle NetSuite

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

For more information, please visit http://www.netsuite.com.

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

About Oracle

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

Trademarks

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

Safe Harbor

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

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

BPM LLP Helps Clients Achieve Rapid Growth with NetSuite

Mon, 2018-04-23 09:00
Press Release
BPM LLP Helps Clients Achieve Rapid Growth with NetSuite Top 50 Accounting Firm Joins NetSuite Business Process Outsourcing and Solution Provider Program

SUITEWORLD18—LAS VEGAS—Apr 23, 2018

To address fast-growing demand for cloud business management software, Oracle NetSuite today announced that BPM LLP, one of the largest California-based public accounting and advisory firms and a top 50 firm across the U.S., has joined the NetSuite Business Process Outsourcing (BPO) Program and Solution Provider Program. Founded in 1986, BPM combines its technological expertise in financial advisory/ERP with its long history of leadership in tax assurance and advisory services to deliver NetSuite solutions that equip small and midsized organizations to achieve rapid growth.

“NetSuite’s flexible, cloud-based platform has become the choice for organizations seeking a solution that can scale with their growth, while streamlining processes and delivering real-time information for informed decisions,” said Bryan Rhody, Director of BPM’s Technology Solutions Practice. “We wanted to partner with the leading cloud ERP solution that gives us the flexibility to deliver rapid implementations and agile solutions that scale as our clients grow.”

BPM handles NetSuite financials/ERP, CRM, ecommerce, HR and PSA, with industry-specific implementations based on the NetSuite SuiteSuccess methodology. For businesses executing carve-out transactions and other M&A-related activity within the private equity/venture capital sector, BPM is developing NetSuite solutions to provide rapid implementation, accelerate value and streamline transitions. In addition, BPM implementations of NetSuite OneWorld equip fast-growing businesses with the scalability and functionality needed to expand through new subsidiaries and geographic locations far faster than would be possible with on-premises systems.

“BPM delivers a compelling combination of accounting, strategic and technology expertise to help midmarket organizations achieve their growth objectives,” said Craig West, NetSuite Vice President of Alliances and Channels. “We look forward to a close and prosperous partnership that helps joint customers capitalize on the power of cloud ERP to transform business performance.”

Designed for companies that provide Business Process Outsourcing (BPO) or Business Process as a Service (BPaaS), the NetSuite BPO program is the industry's first and only BPO program that provides partners with a unified cloud-based ERP solution to support clients of any size ranging from small businesses and fast-growing start-ups to mid-market organizations and beyond. As a NetSuite Business Process Outsourcing (BPO) partner, BPM provides outsourced accounting and C-level strategic advisory services to clients. To learn more, please visit: www.netsuite.com/bpo.

Launched in 2002, the NetSuite Solution Provider Program is the industry’s leading cloud channel partner program. The program delivers unprecedented benefits that include highly attractive margins and services that range from business planning, sales, marketing and professional services enablement, to training and education. As a NetSuite Solution Provider, BPM gains new flexibility to provide a full range of services that address diverse needs of clients in industries that include technology, financial services, fintech, life sciences, consumer goods and private equity. For more information about the NetSuite Solution Provider Program, visit www.netsuite.com/partners.

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

Founded in 1986, BPM is one of the largest California-based public accounting and advisory firms and ranks as one of the 50 major firms in the country. With six offices across the Bay Area – as well as offices in Oregon, Hong Kong and the Cayman Islands BPM serves emerging, mid-cap, and closely-held businesses, and high net worth individuals in a range of industries. From financial services, technology, life science and consumer business to real estate, nonprofits, wine and craft beverages, BPM is committed to the success of its clients. To learn more, please visit www.bpmcpa.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.

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

Blu Coffee Distributors Brews Success in the Philippines

Mon, 2018-04-23 08:30
Press Release
Blu Coffee Distributors Brews Success in the Philippines B2B Distributor of Premium Italian Coffee and Equipment Achieves Rapid Growth with NetSuite OneWorld

SUITEWORLD18—LAS VEGAS—Apr 23, 2018

Blu Coffee Distributors, an importer and distributor of premium Italian coffee and equipment in the Philippines, has implemented NetSuite OneWorld to support its rapid growth. With NetSuite, Blu Coffee Distributors has been able to capitalize on soaring demand for premium coffees across the Philippines by streamlining its business processes.

Founded in 2013, Blu Coffee has expanded from a two-person startup into a thriving business that has roughly doubled its revenue every year and now has more than 50 employees and a reported PHP 100M ($1.92 million USD). To continue to take advantage of soaring demand for premium coffees across the Philippines, where consumption of roasted coffee grew nearly four-fold between 2010 and 2017 and is expected to increase another 72 percent by 2021, Blu Coffee needed to eliminate the complexity created relying on QuickBooks and Excel as its business management system. After evaluating different solutions, Blu Coffee selected NetSuite OneWorld over SAP Business One.

“The coffee market has really taken off in the Philippines,” said Rolando Villanueva, Blu Coffee Distributors founder and CEO, who also owns gas stations, a realty company and other business interests. “I saw this as an exciting opportunity to bring the experience of premium Italian products to coffee lovers across the country. Today we supply more than 1,000 hotels, cafés, restaurants and other businesses. We knew that as we grew and established showroom branches all over the Philippines, we would need a more scalable solution in the cloud.”

With NetSuite, Blu Coffee Distributors manages an expanded footprint of four showrooms in Baguio City, Angeles City, Cebu City and Davao City, along with its headquarters and showroom in Quezon City. Time needed for monthly financial close has been reduced by about 300 percent, while the company now has the insights needed to easily track expiration dates of perishable coffee beans. To further streamline processes, Blu Coffee Distributors is implementing NetSuite SuiteCommerce to provide a B2B commerce portal that will allow customers to order products online. Blu Coffee Distributors worked with NetSuite Solution Provider PGE Solutions to implement its NetSuite solution.

Building on its success, Blu Coffee Distributors has upgraded to the NetSuite OneWorld global business management solution for two reasons. One, it lets Blu Coffee easily transact in the Euro and U.S. dollar with its international suppliers. Moreover, NetSuite OneWorld is scheduled to be rolled out at Panville Unique Distributors, a parent company headed by Villanueva that’s comprised of Blu Coffee Distributors, gas stations, a newly formed bagel distribution company and other interests. With OneWorld, Panville will be able to treat its multiple businesses as subsidiaries for seamless financial consolidation, supporting improved efficiency, visibility and continued growth.

“Companies like Blu Coffee Distributors that identify an opportunity and move quickly to capture the market are increasingly turning to NetSuite to support that growth,” said Hazel del Rosario-Lee, managing director, Oracle NetSuite Philippines. “We’re excited to see their success and look forward to continuing to support them as their business grows and evolves.”

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

Established in 2013, Blu Coffee Distributors (BCD) was born to be the premier channel partner of highly acclaimed and globally trusted brands of Italian coffee machines and coffee beans in the Philippines.

About Oracle NetSuite

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

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

About Oracle

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

Trademarks

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

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

Russian Retailer O’STIN Turns to Oracle to Keep Shelves Stocked at the Speed of Fast Fashion

Mon, 2018-04-23 08:00
Press Release
Russian Retailer O’STIN Turns to Oracle to Keep Shelves Stocked at the Speed of Fast Fashion Partner Veltio Parlays Data Science and Oracle Demand Forecasting to Automate Manual Inventory Fulfillment Process

Redwood Shores, Calif.—Apr 23, 2018

Today, Oracle announced that O’STIN has deployed Oracle Retail Demand Forecasting, Oracle Retail Planning & Optimization and Veltio APX Supply Chain Planning to create a product replenishment program that proactively anticipates customer demand. With the Oracle Retail and Veltio integration O’STIN sought to improve the effectiveness of inventory fulfillment across 700 stores throughout Russia to better meet customer demand while protecting profitability. Veltio, an Oracle Partner Network Platinum Partner, drove the implementation resulting in a more accurate planning process that can anticipate consumer demand.

“Disparate silos of customer information, store and product performance prevent retailers from having accurate inventory forecasts,” said Chris James, Vice President, Oracle Retail. “Without this holistic perspective brands risk significant decreased margins by having to continually discount inventory to make room for new seasonal merchandise.”

Prior to the upgrade, O’STIN merchants personally managed a 90,000 line product matrix that included the store, style and color. O’STIN management would manually calculate stock levels for each SKU at every store for the previous four weeks, magnifying a scalability problem as the brand operated at the speed of fast fashion.

“The most effective stock level decisions are based on product performance and stock position. The combined Oracle Retail Planning & Optimization complemented by Veltio APX empowers our planning team to better forecast consumer demand and increase their productivity through automation and exception-based reporting. Now we can rely on data science to predict and automate replenishment based on future sales forecasts,” said Prosvirnin Nikolay, Head of Allocation and Replenishment teams, O’STIN.

“By tuning the high-level replenishment parameters, we optimized inventory to hold the right amount of safety stock to meet consumer expectations and manage the end of season inventory,” said Grechin Sergey, Assortment and Planning Director, O’STIN. “In 18 months, we have rolled out the solution to all stores in Russia, Belorussia and Kazakhstan with Veltio.”

“With the ability to directly integrate with Oracle solutions like Oracle Retail Assortment Planning and Oracle Retail Demand Forecasting in a single deployment, Veltio provides clients like O’STIN with an easy-to-use tool that offers increased automation to help predict product lifecycles, size and store split, and initial allocation quantities to feed the supply chain,” said Costas Malamas, Managing Partner, Veltio.

Implementation Benefits:

  • Oracle Retail's Planning and Optimization suite empowers planning teams to combine disparate data sources, including performance, market, and vendor, and leverage retail science to drive intelligent and localized assortments without the increased overhead of full-time data scientists.

  • Oracle Retail Demand Forecasting allows retailers to centralize demand forecasts for their omnichannel enterprise — from operations and vendor collaboration to planning and optimization to marketing and insights — accurately and efficiently.

  • Veltio APX Supply Chain Planning is a set of Oracle Retail Predictive Application Server components developed that provide advanced allocation, replenishment and execution functionality.  Exclusive to Veltio, this cutting-edge retail science can allocate stock to stores using simple or complex packs while optimizing ROI. Veltio APX calculates order quantities at multiple tiers of the supply chain and can create purchase orders at all tiers to be executed by downstream systems. 

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@oracle.com
About O’STIN

O’STIN is European fashion apparel brand, offering products for women, men and kids. O’STIN operates more than 700 stores in Eastern Europe, Russia and Asia. O’STIN is a vertically integrated business that controls the whole value chain across product design production and retail sales. This allows us to assure high product quality at reasonable prices and to keep a direct communication with our customers. For more information about O’STIN, please visit ostin.com.

About Oracle Retail:

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

About Oracle

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

Trademarks

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

Talk to a Press Contact

Matt Torres

  • 4155951584

Bronto Makes Product Recommendations Personal Across Channels

Mon, 2018-04-23 08:00
Press Release
Bronto Makes Product Recommendations Personal Across Channels Integrated Product Recommendations Solution Helps Marketers Quickly and Easily Grow Engagement and Revenue

SUITEWORLD18—LAS VEGAS—Apr 23, 2018

To help marketers increase consumer engagement and revenue, Oracle Bronto, a leading cloud-based email marketing vendor to the Internet Retailer Top 1000, today launched an innovative new product recommendation solution. Integrated within the Bronto Marketing Platform, Recommendations Web enables commerce marketers to leverage a combination of custom business rules and predictive models to automate dynamic, personalized product recommendations for ecommerce websites, without the need for extensive technical support.

“Seeing what the recommendations tool has done for our emails, I cannot wait to get Recommendations Web live,” said Matt Grimm, director of ecommerce at RST Brands, a manufacturer of premium outdoor furniture. “Having a tool like this live on our NetSuite SuiteCommerce site will change how we interact with our site visitors. The Bronto team has put great thought into how this solution works, and we couldn’t be more excited to launch it.”

Consumers increasingly expect a personalized and relevant shopping experience whenever and however they interact with a brand. To help commerce marketers meet these rapidly changing expectations and maximize conversion and engagement, Recommendations Web makes it easy to provide a seamless transition from email to the web by ensuring consistent branding and appearance of product recommendations across channels - all while helping to guide customers down the path to purchase with tailored recommendations. The user-friendly solution enables marketers to quickly and easily create business rules and personalize content to maximize conversion and engagement.

“Recommendations Web is game-changing for our customers,” said Bronto General Manager, George Moser. “Our goal has always been to help merchants maximize engagement and drive revenue by elevating the omnichannel shopping experience. The launch of Recommendations Web is another example of how we’re helping our customers stay ahead of increasing expectations and achieve their business goals.”

Recommendations Web is part of the Bronto Marketing Platform, a sophisticated marketing automation platform that powers personalized multichannel content to generate higher shopper engagement to maximize revenue opportunities. An extension of Bronto’s recommendations offerings for email, Recommendation Web empowers marketers to easily and quickly add dynamic, personalized product recommendations anywhere on their ecommerce website.

Unlike other marketing automation platforms that offer integrated web recommendations, the Bronto Marketing Platform makes it quick and easy for marketers to select the predictive rules or customize the display layout. Third-party providers often also require marketers to add custom code to every page where the recommendations appear. With Recommendations Web, the same set of recommendations can be used on multiple pages, minimizing the need to update or implement custom code when recommendations rules or designs change.

Recommendations Web is available now as an extension of Bronto’s email recommendations solutions.

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

Oracle Bronto arms high-growth retailers with sophisticated marketing automation to maximize revenue opportunities. The Bronto Marketing Platform powers personalized multichannel content that generates the higher engagement needed for retail success. Keenly focused on the commerce marketer, Bronto continues its longstanding tradition as a leading email marketing provider to the global Internet Retailer Top 1000 and boasts a client roster of leading brands, including Rebecca Minkoff, Timex, Lucky Brand, Theory, Brooks, Ashley Homestore and Christopher & Banks. For more information visit bronto.com or follow Bronto’s blog, Facebook page and @Bronto Twitter handle for real-time updates.

About Oracle

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

Trademarks

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

Talk to a Press Contact

Michael Robinson

  • 781-974-9401

Businesses Struggle to Protect Sensitive Cloud Data According to New Oracle and KPMG Cloud Threat Report

Thu, 2018-04-12 13:18
Press Release
Businesses Struggle to Protect Sensitive Cloud Data According to New Oracle and KPMG Cloud Threat Report Despite defined security policies, eight in 10 organizations worry about employee compliance and four in 10 say detecting and responding to cloud security incidents is a top cyber security challenge

REDWOOD SHORES, Calif. and NEW YORK—Apr 12, 2018

In a recent survey of 450 global IT professionals conducted by Oracle (NYSE: ORCL) and KPMG LLP, results show that organizations are struggling to protect their data amidst a growing number of security breaches. The Oracle and KPMG Cloud Threat Report, 2018 found that 90 percent of information security professionals classify more than half of their cloud data as sensitive. Furthermore, 97 percent have defined cloud-approval policies, however, the vast majority (82 percent) noted they are concerned about employees following these policies.

For enterprises storing sensitive data in the cloud, an enhanced security strategy is key to monitoring and protecting that data. In fact, 40 percent of respondents indicate that detecting and responding to cloud security incidents is now their top cyber security challenge. As part of apparent efforts to address this challenge, four in 10 companies have hired dedicated cloud security architects, while 84 percent are committed to using more automation to effectively defend against sophisticated attackers.

“As organizations expand their cloud footprint, traditional security measures are unable to keep up with the rapid growth of users, applications, data, and infrastructure,” said Akshay Bhargava, vice president, Cloud Business Group, Oracle. “Autonomous security is critical when adopting more cloud services to easily deploy and manage integrated policies that span hybrid and multi-cloud environments. By using machine learning, artificial intelligence and orchestration, organizations can more quickly detect and respond to security threats, and protect their assets.”

“The pace of innovation and change in business strategies today necessitate flexible, cost-effective, cloud-based solutions,” said Tony Buffomante, U.S. Leader of KPMG LLP’s Cyber Security Services. “As many organizations migrate to cloud services, it is critical that their business and security objectives align, and that they establish rigorous controls of their own, versus solely relying on the cyber security measures provided by the cloud vendor.”

Additional Key Findings
  • Changing threat landscape poses challenges: Only 14 percent surveyed are able to effectively analyze and respond to the vast majority (75-100 percent) of their security event data.
  • Cyber security spending on the rise: 89 percent surveyed expect their organization to increase cyber security investments in the next fiscal year.
  • Inconsistency in cloud policies: 26 percent cited a lack of unified policies across disparate infrastructure as a top challenge.
  • Rethinking cloud strategies and providers in the face of changing regulations: General Data Protection Regulation (GDPR) will impact cloud strategies and service provider choices, according to 95 percent of respondents who must comply.
  • Mobile users are creating identity and access management (IAM) challenges for organizations: 36 percent said mobile device and application use make IAM controls and monitoring more difficult.
  • Automation can help: 29 percent surveyed are using machine learning on a limited basis, 18 percent do so extensively, and another 24 percent are now adding machine learning to existing security tools.
 

To find out more about the Oracle and KPMG Cloud Threat Report, 2018, visit Oracle at the RSA Conference, April 16–20 in San Francisco. (Booth #1115—Moscone South)

About the Report

The data in the Oracle and KPMG Cloud Threat Report, 2018 is based on a survey of 450 cyber security and IT professionals from private and public-sector organizations in North America (United States and Canada), Western Europe (United Kingdom), and Asia (Australia, Singapore).

Contact Info
Jesse Caputo
Oracle
+1.650.506.5967
jesse.caputo@oracle.com
Michael Rudnick
KPMG LLP
+1.201.307.7398
mrudnick@kpmg.com
Kristen Morgan
KPMG LLP
+1.410.949.2668
kmorgan@kpmg.com
About Oracle

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

About KPMG LLP

KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the independent U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International’s independent member firms have 197,000 professionals working in 154 countries. KPMG International has been named a Leader in the Forrester Research Inc. report, The Forrester Wave™, Information Security Consulting Services, Q3 2017. Learn more at www.kpmg.com/us. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates. 

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

Michael Rudnick

  • +1.201.307.7398

Kristen Morgan

  • +1.410.949.2668

“Retail 2018: The Loyalty Divide” Reveals Brands Underestimate the Opportunity for Social Advocacy and Personalization to Drive Continued Revenue

Thu, 2018-04-12 07:00
Press Release
“Retail 2018: The Loyalty Divide” Reveals Brands Underestimate the Opportunity for Social Advocacy and Personalization to Drive Continued Revenue Oracle Retail Report Highlights Four Consumer Typologies and the Role of Emerging Generations and Technology in Creating More Meaningful Consumer Interactions

Oracle Industry Connect—New York, NY.—Apr 12, 2018

Oracle today announced the findings of a global study titled “Retail 2018: The Loyalty Divide” auditing consumer perceptions and brand realities of loyalty programs and influences. “Retail 2018: The Loyalty Divide” reveals that retailers are out of touch with consumers that demand more personalized experiences and discover brands and affirm purchase decisions through social influencers.

“In our primary research, we have uncovered a disparity between consumer and retailer expectations. Retailers put significant focus on transactional activity metrics and less focus on emerging behavioral expressions of loyalty. We found that retailers are overly confident in their ability to deliver relevant incentives and consumers are demanding more personalized engagement,” said Mike Webster, senior vice president and general manager, Oracle Retail and Hospitality. “Retailers need to take a critical eye at the culture of shoppers that only engage based on convenience and price. Social influence brings an additional dynamic for retailers to navigate the loyalty paradigm as they reward brand advocacy and feed enthusiasts content to affirm their purchases.”

The Oracle study was conducted in February 2018 among 13,000 consumers and 500 operators across retail, hotels and restaurants in five key regions: EMEA (France, Germany, UK and India), North America (USA), Latin America (Brazil and Mexico) and JAPAC (Australia and China).

The Great Divide

While 58 percent of retailers believe that consumers are eager to sign up to every loyalty program, 50 percent of consumers are much more selective only signing up to select, relevant programs and 19 percent of consumers rarely joining loyalty programs. Relevancy of loyalty incentives also further highlights the divide between brands and consumers: 58 percent of retailers believe their offers are mostly relevant compared to 32 percent of consumers believing those brand offers are relevant. Retailers continue to underestimate the impact of social influencers with only 45 percent of brands collaborating with influencers while consumers are more likely to trust brands reviewed by YouTubers (48 percent) and brands mentioned on social media (45 percent).

Navigating the New Loyalty Paradigm The Future of Loyalty

Despite the great divide, the future of loyalty is promising with younger demographics having a higher propensity to join loyalty programs and note their loyalty is growing. However a majority of retailers have a skewed focus on measuring loyalty with intrinsic values like brand perception and purchase history.

  • 44 percent of millennials (25-34) and 43 percent of pre-millennials (18 to 24) note they are more loyal to brands than they were five years ago
  • Baby boomers (55+) are discerning when it comes to signing up for programs with 56 percent of respondents noting they will only sign up to select, relevant programs

The Rise of Social Advocacy

Consumers have clearly indicated the necessity for retailer’s to have a strong social presence and the importance of social influencers in discovering new brands and affirming purchases.

  • 53 percent of consumers are likely to research brands on social media before buying
  • 46 percent are likely to save ideas on social media about products or retailers
  • 43 percent are likely to share photos of retail experiences/products on social media
  • 43 percent are likely to follow influencers that post about favorite retail brands
  • 41 percent of consumers agree that YouTube reviews are more trustworthy than branded advertising or communications
  • 37 percent of consumers agree that retailers used and recommended by social media influencers are more trustworthy than those recommended by celebrities
  • Despite this trend, 28 percent of retailers will only take into account measures of loyalty based on activities such as loyalty card membership or transaction frequency

Personalization: Connected and Immediate

For brands to remain relevant they need to create loyalty programs that recognize consumers as individuals with a level of service that goes beyond the traditional brand experience.

  • Connected

    • 69 percent of consumers note personalized offers based on stated preferences as appealing

    • 66 percent of consumers note personalized offers based on purchase history as appealing

    • 58 percent of consumers note personalized content and communications as appealing

  • Immediate

    • 82 percent of consumers note store proximity is most important in driving loyalty

    • 74 percent of consumers note immediate benefits are more appealing than accumulating points

    • 72 percent of consumers note an effortless loyalty program with automatic offers is appealing

“Retailers are heavily invested. The future of loyalty will be a balancing act between consumers desire for more anonymity, or at least direct control of their data, and an expectation for meaningful personalization that is targeted and timely,” said Webster. “Oracle Retail is helping our customers defend the right to be forgotten and pivot to earn the right to be remembered.  We believe the answer is a new approach to segmentation that integrates advanced algorithms and machine learning into the retail business process that govern planning, inventory and pricing.”

The Right to Data and the Role of Technology

Both consumers and retailers recognize that technology has a key role in driving connection and convenience in loyalty programs. Retailers, however, need to walk a fine line between enabling deeper connections without being invasive.

  • 30 percent of consumers find receiving recommendations for products or brands based on social influencers subscribed to or followed as unappealing compared to 90 percent of retailers that think this would be appealing to consumers
  • 26 percent of consumers find artificial intelligence on a mobile device that gets to know the user through voice recognition and is able to make intelligent recommendations based on this as unappealing compared to 91 percent of retailers that think this would be appealing to consumers
  • 91 percent of consumers note being able to accept or reject offers so that the retailer loyalty program can learn what products and offers are of most interest as appealing
  • 86 percent of consumers note a personalized experience with retail brands where staff and customer support know personal preferences to better service customers as appealing
  • 52 percent of retailers think consumers are concerned about data being passed onto third parties while 81 percent of consumers say they’d consider removing their personal information if they could and 53 percent of consumers are concerned that their data is being passed onto third parties

Four Loyalty Typologies

Retail 2018: The Loyalty Divide uncovered four typologies of consumer behavior including: The Broadcaster who may flit between brands but shouts about their experiences good or bad; The Enthusiast an engaged retail brand follower who is loyal but not loud; The Lazy Loyal typically unengaged but tend to be loyal to brands because it’s easy to be; and, The Seeker who likes to shop around for the best value and holds little affinity to retail brands.

The Broadcaster
  • 32 percent of consumers will recommend to others the retailers they are most loyal to
  • 41 percent would share photos on social media of great retail experiences in exchange for rewards
  • 47 percent would feature the retailer or its products on their social media accounts in exchange for offers/rewards
  • 42 percent would submit a product review through YouTube in exchange for an offer/reward

The Enthusiast
  • 43 percent of consumers are most loyal to brands that they have a high opinion of
  • 1 in 5 consumers (20 percent) will follow their favorite brands on social media
  • 71 percent say product quality and 59 percent an enjoyable shopping experience are most important to them
  • 51 percent say it’s important that they can engage with new and exciting products from brands they are loyal to

The Lazy Loyal
  • 60 percent say convenient store locations are most important to them
  • More than 1 in 3 (40 percent) will typically stick to the brands they like rather than shop around
  • 1 in 4 consumers would not find a loyalty program that can be used across multiple brands appealing
  • 72 percent think an effortless loyalty program where points are automatically redeemed is appealing

The Seeker
  • 66 percent choose a retailer because of competitive prices/promotions
  • 56 percent would exchange personal details in exchange for a personalized offer or promotion
  • 53 percent of consumers would always ‘shop around’ for different retailers to shop with
  • Almost 1 in 5 (19 percent) would rarely sign up to retailer loyalty programs
Contact Info
Matt Torres
Oracle
4155951584
matt.torres@oracle.com
About Oracle

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Oracle’s Moat Unveils New Invalid Traffic Detection Capabilities, Achieves Rigorous MRC Accreditation for SIVT of Desktop and Mobile Web Traffic

Thu, 2018-04-12 06:00
Press Release
Oracle’s Moat Unveils New Invalid Traffic Detection Capabilities, Achieves Rigorous MRC Accreditation for SIVT of Desktop and Mobile Web Traffic Moat’s Advanced Functionality Uses Insights from Oracle’s Proprietary Data Assets to Help Identify Bots & Other Invalid Traffic

Redwood Shores, Calif.—Apr 12, 2018

Oracle’s Moat, a SaaS analytics measurement provider for marketers and publishers that is part of the Oracle Data Cloud, today announced new capabilities to detect invalid traffic, including traffic from sophisticated bots designed to look like consumers. Moat’s new functionality utilizes insights gained from Oracle’s proprietary data assets, including its Zenedge and Dyn acquisitions.

Highlighting the importance of these efforts, Moat also announced it has achieved the rigorous accreditation standards set by the Media Rating Council (MRC) for its desktop and mobile web Sophisticated Invalid Traffic (SIVT) detection.

“Collaborating with teams across Oracle has given us access to proprietary intelligence and approaches that uniquely position us to deliver even deeper insights for our customers and help drive business outcomes,” said Jonah Goodhart, SVP of Oracle Data Cloud and Co-Founder of Moat. “Along with our MRC accreditation, this strengthens the value of our invalid traffic detection capabilities as we continue equipping brands to make smarter decisions, improve transparency and move our industry forward.”

In addition, Moat has been granted accreditation by the Media Rating Council (MRC) for its detection of Sophisticated Invalid Traffic (SIVT) across desktop and mobile web. The milestone comes at a more crucial time than ever, as sources of invalid traffic have grown in complexity over the past year. In accordance with MRC guidelines, Moat’s platform includes a new breakout of GIVT and SIVT rates to give publishers and marketers an extra level of insight into traffic sources. These metrics are mutually exclusive, filtered first for GIVT before reporting SIVT.

Other enhancements to Moat’s platform arm brands with advanced metrics, including:

  • Hidden Ad Rate—As part of Moat’s SIVT detection, this metric quantifies ads that are hidden from users for the entire duration of an impression, including the detection of different types of Hidden Ads.
  • Session Hijacking—Another component of Moat’s SIVT detection, this metric detects manipulated human activity, such as when a user session is forcibly redirected to another website, tab, or app store.
  • Invalid Domain Rate—An update to Moat’s Invalid Domain detection captures sophisticated domain-spoofing that attempts to take advantage of marketers and premium publishers alike.

“We congratulate Moat on the significant achievement of earning MRC accreditation for its Sophisticated Invalid Traffic detection and filtration capabilities for desktop and mobile web traffic,” said George W. Ivie, Executive Director and CEO of the MRC. “With the industry focused on improving transparency and reducing waste throughout the digital media supply chain, Moat’s MRC accreditation for SIVT once again clearly demonstrates that it’s at the forefront of industry leaders in promoting high quality digital measurement.”

“Transparency is critical to overcoming the impact of invalid traffic. Our integration with Oracle’s Moat opens new doors to greater measurement and gives us a better understanding of how viewability metrics, media quality and inventory integrity holistically impact the bottom line,” said Robert Stone, Senior Director, Digital Center of Excellence, Dr Pepper Snapple Group.

“The threat of invalid traffic impacts the overall health of our ecosystem,” said Luis Di Como, Senior Vice President of Media, Unilever. “Now more than ever we need technology offerings, like Moat’s platform, that deliver greater transparency and accountability by providing advanced metrics. It’s equally important that solutions providers work with the MRC to meet its rigorous standards for traffic validation and filtration.”

To learn more about invalid traffic, register for Moat’s webinar here: http://info.moat.com/invalid-traffic-webinar.html.

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Simon Jones
Oracle
650.506.0325
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About Oracle’s Moat

Oracle’s Moat is a global analytics provider focused on making marketers and publishers more effective. From real-time attention metrics and intelligence to cross-platform measurement and new currencies, Moat offers solutions that make branding and storytelling work better. Its products include Moat Pro, which provides users with detailed snapshots of ad activity on the web, and Moat Analytics, a measurement platform that goes beyond traditional metrics like impressions or clicks to focus on attention. Moat was acquired by Oracle in 2017 and remains an independent platform within Oracle Data Cloud, which uses data and analytics to enhance media for leading marketers and publishers. Some of largest brands and publishers in the world rely on Moat as a trusted provider. For more information on Oracle’s Moat, please visit www.moat.com.

About Oracle

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

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