Oracle Press Release

Oracle® E-Business Suite Release 12.1 Now Available to Help Organizations Achieve Better Business Value with New Products and Functionality

Latest Release of the Oracle E-Business Suite Provides Rapid Value Solutions, Global Enterprise Platform and Industry-Specific Capabilities

COLLABORATE 2009, ORLANDO, FL – May 4, 2009

News Facts

Oracle today announced general availability of the Oracle® E-Business Suite Release 12.1 to help companies and organizations more effectively compete in today’s economy.
This latest release of the Oracle E-Business Suite provides product enhancements across human resources, supply chain management, procurement, projects, master data management, customer relationship management and financials.
With the Oracle E-Business Suite Release 12.1, organizations can achieve rapid value today, as well as standardize and simplify their infrastructure and business processes for long-term results.
The Oracle E-Business Suite Release 12.1 also features industry specific features and solutions that help drive greater value across the enterprise. Industries with significant new functionality advancements include Wholesale Distribution, Public Sector, High Technology, Engineering & Construction, Life Sciences, Retail, Professional Services, Communications, Consumer Goods and Utilities.

Oracle E-Business Suite Release 12.1 Details and Features

The Oracle E-Business Suite Release 12.1 helps companies achieve rapid value by offering stand-alone solutions that complement existing Oracle E-Business Suite 11i or Release 12 environments. Customers can take advantage of rapid value solutions without having to upgrade to this latest release.
A few examples of stand-alone solutions available with this release include new value chain planning solutions for Supply Chain Management, Oracle Procurement On Demand, Oracle Incentive Compensation and Oracle Warehouse Management.
In addition, the Oracle E-Business Suite Release 12.1 delivers integrated analytics from Oracle Business Intelligence Applications, which are comprehensive, prebuilt intelligence solutions for Oracle and non-Oracle applications that provide insight into key business processes so they can proactively make informed, actionable decisions and drive toward optimized performance.
New customers can take advantage of a global business platform that will help drive standardization and simplification throughout their enterprises for long-term benefits.
Key features of the Oracle E-Business Suite Release 12.1 include an integrated talent management solution with enhancements to Recruiting, Succession Planning, and Performance and Learning Management.
A new product called Oracle Landed Cost Management will give organizations financial visibility into their extended supply chain costs.
Companies can increase agility by leveraging pre-built, sustainable integrations that enable reduced implementation risk and cost with Oracle Application Integration Architecture for the Oracle E-Business Suite.
This latest release of the Oracle E-Business Suite includes several rich industry-specific solutions that help companies strengthen their position in the market.
Distributors will benefit from greater visibility into ROI of promotional funds, accrued assets, the effect of supplier price changes and related liabilities with Oracle Supplier Ship and Debit and Oracle Price Protection for Wholesale Distribution.
Oracle Site Hub helps organizations centralize information to help eliminate the problems associated with fragmented, incomplete and inconsistent site data resulting from rapid business expansion or mergers and acquisitions.
Retail businesses can leverage Oracle Product Information Management for Retail (PIM for Retail) to centralize product information from heterogeneous systems into a single view that can be used across all functional departments.
Oracle E-Business Suite Release 12.1 provides out of the box Federal accounting support with Project Accounting for automating funds consumption and billing in compliance with funding rules, supporting advance processing and ultimately helping to reduce overhead.
Oracle Subcontractor Payments for Engineering & Construction helps owners and general contractors manage cash flow and ensure their subcontractors are satisfying contract deliverables by controlling the payment of subcontractor invoices.

Supporting Quotes

“Oracle customers have increasingly expressed the importance of achieving rapid return on their IT investment, in addition to the need to standardize and simplify processes globally throughout the enterprise,” said Cliff Godwin, Senior Vice President, Oracle Applications. “With Oracle E-Business Suite Release 12.1, we wanted to provide options for all organizations to choose the focus that made the most sense for them strategically. We have addressed this with the three-pronged approach of stand alone solutions, new features within the global enterprise platform and industry-specific solutions.”
“In today’s economy, customers may not be inclined to implement large-scale upgrades of their core operational systems,” said Bruce Richardson, AMR Research Chief Research Officer. “The ability to recognize rapid value in the near term without requiring an upgrade could be viewed as an effective way to build a strategic IT roadmap and lay the ground work for long-term success.”

Supporting Resources

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Contact Info

Danielle Cormier
Oracle
+1.610.949.6735
danielle.cormier@oracle.com

Susie Penner
Oracle
+1.650.506.1973
susanne.penner@oracle.com