New and Enhanced Oracle Business Intelligence Applications Help Organizations Extract Strategic Insights from Business Data
Increases Visibility and Intelligence by Extending Data Access, Expanding Existing Applications and Delivering New In-Memory Analytic Applications
Redwood Shores, Calif. – May 13, 2013
Providing organizations with greater insight more quickly, efficiently and enabling lower total cost of ownership, Oracle today announced the general availability of Oracle Business Intelligence (BI) Applications Release 22.214.171.124.1.
Completely redesigned to increase implementation productivity, the new release incorporates significant enhancements across the entire BI Applications product line and introduces new in-memory analytic applications for indirect spend planning and student information analysis.
Use of new visualizations, improved user interface and significant data access updates allow users to easily interact with analytics to achieve rich insights.
Pre-built for a range of data sources and business applications, Oracle BI Applications deliver intuitive, role-based intelligence to enable better decisions, actions and business processes.
Built on Oracle Business Intelligence Foundation Suite and part of Oracle Business Analytics, Oracle BI Applications enable organizations to reap the value of a best-of-breed, packaged BI solution, while tight integration with a single, common BI architecture allows businesses to easily extend those solutions to meet their specific needs or build completely custom BI applications.
First In-Memory Application for Spend Analysis and Forecasting Helps Customers Optimize Spending
Oracle Indirect Spend Planning, the industry’s first and only in-memory planning application for spend analysis and forecasting, enables procurement and line of business teams to uncover high-opportunity spend reduction areas; monitor and evaluate spend performance; and improve future planning cycles.
By combining powerful what-if analysis and scenario modeling with historical data, users can predict spending amounts and patterns over time to rapidly develop detailed spend plans, enabling them to purchase the right products at the right price from the best sources.
The new application leverages Oracle Essbase server to deliver a rich modeling environment with extremely fast aggregation and calculation. In addition, it integrates directly with Oracle E-Business Suite and Oracle’s PeopleSoft to incorporate established ERP business rules and constraints, allowing for more realistic modeling scenarios and the creation of actionable plans.
New In-Memory Application Enables Academic Institutions to Make Better, More Strategic Decisions
Oracle Student Information Analytics provides academic institutions with best-in-class reporting and analytic capabilities to increase faculty, staff and student productivity; streamline operations and institutional advancement; and ensure student success.
With pre-built analytics tailored to help higher education institutions match up resources with student needs, the new in-memory analytic application enables institutions to maximize student recruiting efforts, shorten time-to-graduation, improve retention rates, identify successful and unsuccessful courses and optimize faculty workloads.
To speed adoption and time-to-value, Oracle Student Information Analytics provides source-specific business adapters for Oracle’s PeopleSoft Campus Solutions and supports third-party solutions through universal adapters.
Enhanced BI Applications Deliver Richer Insights Faster and More Efficiently
Oracle is delivering richer and deeper insight into business applications by incorporating significant functionality across its existing Oracle BI suite of applications.
A new optional pre-packaged solution, that leverages Oracle GoldenGate, virtually eliminates the need for a data extraction batch window and minimizes the impact on the source system, while providing near real-time reporting.
New features in Oracle Financial Analytics deliver front-line managers greater visibility into budgets and assets, helping them monitor and improve financial performance. Enhancements include:
Fixed Assets analysis provide a complete picture of the asset life cycle from acquisition through retirement of both transactions and period value.
Budgetary Control analysis allow managers to monitor budget and spending more effectively, helping easily identify top areas of spending and detect exceptions in timely manner.
Updates to Oracle Human Resources Analytics provide organizations valuable insights to increase workforce productivity and better align pay and performance. New features include:
Time and Labor analysis allows managers to gain insight into hidden causes and costs of overtime, absenteeism and low productivity by reconciling reported time with time posted to projects.
Payroll analysis provides complete information on earnings, deductions and taxes for employees, allowing organizations to view payroll information at a high level, as well as drill down to better analyze compensation, benefits, taxes and overtime. Customers can rapidly source payroll analysis from EBS, PeopleSoft – including PeopleSoft Global Payroll and third-party solutions through the universal adapters.
Workforce Gains and Losses deliver insight into employee headcount across divisions and supervisors over monthly, quarterly and yearly time periods, allowing organizations to monitor and analyze movement.
Oracle Project Analytics have been enhanced with new features that enable project managers and accountants to monitor projects and control the risks that lead to overruns. Updates include:
Resource Management analysis provides project stakeholders with visibility into project requirements, resources, jobs and competencies to monitor utilization trends, identify underperforming organizations and anticipate resource shortages.
Project Subledger Reconciliation aid project accountants in reconciling differences between the subledger and the general ledger for transactions.
Enhanced Inventory Analysis gives organizations deeper insight into inventory levels, including cycle count, aging, expiration/obsolescence and balance.
Item Cost History Analysis help manufacturers track the historical cost of supply chain-related items.
Oracle Procurement and Spend Analytics now include Sourcing Analysis, which provide increased visibility into corporate spend and complete source-to-pay process with the ability to analyze negotiations, supplier responses and savings opportunities.
By adding support for the Oracle E-Business Suite to Oracle Price Analytics, organizations have a ready means to assess pricing performance, arrest revenue and margin leakage, enabling users to more easily make data-driven pricing decisions.
Additionally, support for the Oracle E-Business Suite in Oracle Service Analytics provides organizations direct access to customer service data, helping them improve the productivity of service centers and increase customer satisfaction.
“The business applications our customers rely on daily to manage operations contain a wealth of valuable data about their business, including resources, finances, employees and customers. Unlocking this data can deliver undeniable competitive advantages, yet many businesses still struggle to gain access to the intelligence they need quickly and easily,” said Paul Rodwick, vice president of product management, Oracle. “The latest enhancements and additions to Oracle BI Applications help organizations implement rich analytics more surely and quickly, and provide business users across the enterprise the insights they need to analyze and transform business processes.”
“Real-time business insights provide a strategic advantage for our clients, and they are always seeking new ways to leverage existing data to become more nimble and competitive,” said Mark Rittman, EMEA technical director and co-founder, Rittman Mead. “The updates to usability and new integrations in the latest release of Oracle BI Applications make it even easier to unlock this information, helping our clients speed decision-making and time-to-value.”