Oracle has introduced Oracle Fusion Applications, its next generation of business applications, at the company's annual OpenWorld event, in San Francisco, this week.
“By setting the standard for application architecture, design and deployment, customers will be able to extend the value of their applications environment by using Oracle Fusion Applications components side-by-side with their existing applications portfolio,” says the company.
Oracle says the applications were delivered as a complete suite of modular applications, and coexists with existing Oracle applications. “As one module, a product family or the entire suite, customers can choose to leverage the advances pioneered by Oracle at a pace that matches business needs for a new level of performance.”
"Oracle Fusion Applications bring a new era of application software and technology investments going forward," says Steve Miranda, SVP of Oracle Application Development. "To set a new standard, we listened and gathered the best practices from thousands of customers to deliver the first 100% open and standards-based business applications. Beginning today, Oracle Fusion Applications define how organisations innovate, work and adopt technology."
He says the applications were designed from the ground-up, leveraging the latest technology advances and incorporating best practices gathered from Oracle's thousands of customers. The applications are 100% open standards-based business applications that set a new standard for users to innovate, work and adopt technology.
According to Oracle, the applications provide rich functional capabilities with over 100 modules in seven different product families, providing functionality for many industries and geographies - financial management, procurement and sourcing, project and portfolio management, human capital management, CRM, supply chain management, as well as governance, risk and compliance.
The applications were built on a services-oriented architecture foundation, and give users the ability to manage functions across a heterogeneous environment.
Oracle says the applications also offer a role-based user experience, joining exception-based processing, business intelligence (BI), transactions and collaboration in context of the work being performed.
According to the company, embedded BI delivers the right information to make decisions within the context of the work being performed, without having to go to a separate BI system.
In addition, the company says the applications provide a complete set of deployment options - from on-premise, to private clouds, public clouds, and business process outsourcing or hybrid combinations of these.
Lastly, the ability to implement in a modular fashion and to co-exist with existing applications from either Oracle or third parties provides customers the broadest choice in adopting the applications without having to necessarily rip-and-replace existing investments.
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