Oracle has positioned its latest enhancement to Oracle 11i E-Business Suite as the solution that will put management "back in control" of the business.
The Daily Business Close feature delivers daily organisational metrics for all lines of business, including sales, inventory, HR; and performance metrics within those lines of business.
The new solution was announced by Larry Ellison at the Oracle AppsWorld conference, which ended in Amsterdam on 18 January 2002.
The conference was attended by Oracle partners and customers from Europe, Middle East and Africa, and showcased Oracle`s latest business solutions.
The information is delivered through a personalised portal, which is selected over 200 pre-built, role-based portals for any individual within an organisation, such as executives, line-of-business managers and warehouse workers.
Daily Business Close sends exactly the information businesses need into these portals, when they need it. These portals are delivered in ways that best support an individual user - for example, e-mail for executives, RF devices for warehouse workers, and Excel over the Web for accountants.
Through the personalised portal Oracle avoids traditional extraction, transformation and loading for daily and weekly summaries, and rather provides management summaries directly from the transaction data.
"Up-to-the-minute intelligence relies on information being complete, up-to-date and immediately available," says Oracle South Africa marketing director Marc Gower. "Oracle`s software is developed with integrated business systems at its heart, which makes it easy to deliver this information daily."
Oracle claims its ability to deliver the new feature is a result of its commitment to integration and automation of applications across the business.
Its information architecture is built on a single, global database off which all applications run, ensuring consistency across a business. The software developer reports that it was able to cut the staff travel expenses within its application development division by half after implementing the enhancement on its own system.
"It usually takes at least weeks to consolidate information from multiple systems across an organisation, and present decision-makers with accurate information," Gower comments.
"On a daily basis they tend to operate by guesswork. Using the Daily Business Close function, problems within a business can be identified faster, and resolved before they become bigger problems."
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