Oracle Unveils Business Process Integration to Help Retailers Improve Financial Control of the Merchandising Lifecycle
Oracle Financial Operations Control Integration Pack for the Oracle® Retail Merchandising Suite and Oracle E-Business Suite Financials Part of Oracle Application Integration Architecture Release 2.5
NRF 99th ANNUAL CONVENTION & EXPO, NEW YORK – January 11, 2010
As part of an ongoing effort to help retailers improve financial control over merchandising operations and derive greater value from their business, Oracle today announced end-to-end business process integration for retailers using the Oracle® Retail Merchandising Suite and Oracle Financials.
The Oracle Financial Operations Control Integration Pack for the Oracle Retail Merchandising Suite and Oracle E-Business Suite Financials is expected to help retailers more effectively control key merchandising financial operations, including providing them with enhanced inventory valuation, more timely revenue recognition and streamlined merchandising procure to pay.
By integrating Oracle Retail merchandising applications with its best-in-class financial operation control applications, Oracle expects to give retailers better visibility to the challenges facing their merchandising and accounting managers. This includes achieving synchronization among various operating groups, knowing when financial postings occur and ensuring that supplier payments take place.
The retail financial control integration pack is also expected to help retailers maintain and extend integration environments between applications, eliminating the burden of costly point-to-point integrations or custom mapping of data attributes.
Wipro served as the co-development partner on the retail financial control integration pack.
“The Oracle Retail Merchandising Integration Packs for Oracle Financials and PeopleSoft Enterprise Financials are part of a fundamental, long-term commitment to enable customers to gain greater value from their Oracle investment,” said Duncan Angove, General Manager and Senior Vice President, Oracle Retail. “We are focused on reducing complexity and making it easier for retailers to take advantage of opportunities for short-term value creation within their businesses while also helping to build long-term competitive advantage.”
“The new process integration pack for retail financial control is a great example of how Oracle AIA Release 2.5 further extends the breadth and depth of support across industries,” said Jose Lazares, Vice President of Application Development and Product Strategy, Oracle. “Oracle AIA Release 2.5 is our most extensive release yet and reinforces our unwavering commitment to reducing the cost of integration for our customers while also helping them save time and preserve valuable resources.”
Oracle is the number one provider of innovative and comprehensive industry software solutions for retailers – enabling organizations to serve their customers better by applying insight into daily business decisions for more profitable results. With software that provides supply chain, operations, merchandising, store systems, optimization as well as enterprise applications and infrastructure software, Oracle partners with the world’s leading retail companies, including 20 of the 20 top retailers worldwide, to transform the economics of their businesses.
Oracle (NASDAQ: ORCL) is the world's largest business software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.