Organizations Achieve Operational and Management Excellence with Oracle(R) Enterprise Performance Management System

Industry-leading Software Helps Customers Drive Greater Value from Current and Future Oracle Investments

Industry-leading Software Helps Customers Drive Greater Value from Current and Future Oracle Investments

SAN FRANCISCO, Sept. 23 /PRNewswire-FirstCall/ — Oracle OpenWorld –

News Facts

— Following the July 16, 2008 announcement of the Oracle(R) Enterprise Performance Management System, Oracle today announced that organizations including Bank Austria, Bank of the West, Chiquita Brands International, Continental Airlines, Hyundai Steel, interRel Consulting, Nycomed International Management GmbH/Pharmaceutical, Ranzal and Associates, Snam Rete Gas SpA, STX Corp., The Stanley Works and Vodafone have recently selected or evaluated, the latest release of Oracle's Enterprise Performance Management (EPM) System. — Since July, there have been more than 1,000 software downloads of the new release of the Oracle Enterprise Performance Management System from www.oracle.com/. — Oracle's EPM system helps organizations achieve management excellence by uniting category-leading performance management applications, pre-built Business Intelligence (BI) applications and BI tools, into a complete and integrated system for managing and optimizing performance across business functions. — A component of Oracle Fusion Middleware, Oracle EPM System supports strategic, financial and operational management processes across a common foundation and helps organizations become smart, agile, aligned and better positioned to optimize enterprise-wide performance. — Oracle EPM System is hot-pluggable and complies with Service-Oriented Architecture (SOA) standards, enabling a seamless integration with non-Oracle data sources and platforms including SAP. The architecture also allows organizations to extend the value of their Oracle investments by integrating Oracle's EPM System with current and future releases of Oracle Applications.

Supporting Quotes

— "The enhancements delivered in the new release of Oracle's EPM System will help us improve our financial compliance processes and user productivity throughout our whole Central and Eastern European network," said Franz Brauchart, senior manager, Bank Austria. "By having access to all of our Oracle BI tools and applications within a single Web interface, our users can log into one system and enjoy consistent navigation across all of the tools and information they need to perform their duties." — "As we begin deployment of Oracle's new Hyperion Profitability and Cost Management (HPCM) application, we are seeing the potential," said Debbye Deister, vice president of Bank of the West. "The application will provide us flexibility in allocation calculations, and will provide users with excellent visibility into cost and allocation flows. The end result should be improved visibility into business line performance and the ability to measure our product costs and profitability effectively. Bank of the West will also be able to leverage and integrate HPCM into its current Oracle-Hyperion applications." — "The latest release of Oracle's EPM System includes hundreds of feature enhancements that will help improve user experience and simplify application administration for our customers," said Edward Roske, CEO of interRel Consulting. "The new Hyperion Calculation Manager redefines enterprise integration and user accessibility while the enhancements to Oracle Essbase solidifies its position as the world's leading OLAP server." — "Our clients require their financial reporting and planning to be responsive, reliable, available and easy to maintain. The new release of Oracle's EPM System will certainly address our clients' needs in these areas," said Robin Ranzal, president of Ranzal and Associates. "With new features, including the Common Calculation Manager and Life Cycle Management, the effort of administrating the products is going to be reduced. With these enhancements and other time-saver capabilities for administrators, we are recommending that our clients migrate to the new release. This release will extend Oracle's leadership in this space." — "When implemented, the enhancements in the new release of Oracle's Enterprise Performance Management System will add features to the financial compliance process and help improve user productivity," said Ken Kordana, internal reporting manager, The Stanley Works. "This release should also make it easier and more efficient for our administrators to deploy and manage our applications within this space, thereby lowering our cost of ownership." — "Our SAP ERP rollout is enabling us to focus on improving the efficiency of our operational processes," said Nick Handy, Vodafone's Chief Management Information Officer. "But standardizing on Oracle's EPM System will enable us to further support world class management processes that will leverage the investments and data from our transactional systems, drive improved decision-making and insight across the business, and to deliver long-term sustainable business value."

Supporting Resources

— Information about Oracle Enterprise Performance Management and Business Intelligence — Oracle Unveils Oracle Enterprise Performance Management System — Oracle Announces Oracle Hyperion Profitability and Cost Management Application — Oracle Achieves Key Integration Milestones and Delivers Enhancements for Comprehensive, Hot-Pluggable Enterprise Performance Management System — Oracle Expert Blog: Frank Buytendijk — Oracle Enterprise Performance Management Webcast

About Oracle

Oracle (Nasdaq: ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.

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SOURCE Oracle Corporation

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