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Oracle Hospitality Sponsored Research Explores the State of the Central Reservation System Globally

Wed, 03/07/2018 - 09:00
Press Release Oracle Hospitality Sponsored Research Explores the State of the Central Reservation System Globally h2c Report “The Next Generation Central Reservation System” Audits 90 Chains Across Europe, The Middle East and Africa, the Americas and Asia Pacific

Redwood Shores, Calif.—Mar 7, 2018

Oracle Hospitality announced today the findings of a global research study – conducted by analyst firm h2c ­­– surveying more than 90 hotel chains to assess the state of central reservation systems (CRS) and the improvements needed to prioritize IT development and, ultimately, enhance guest service.

Commissioned by Oracle Hospitality, h2c’s research scope focused on an online survey and expert interviews with hotel chains in Europe, the Middle East and Africa, the Americas and Asia Pacific – representing more than 11,000 properties and 1.7 million rooms worldwide. The primary objectives: determine chains’ satisfaction level with their current CRS solution, identify missing features and functionalities, and seek recommendations to achieve improvements.

“Today’s guests increasingly demand a hassle-free journey. The findings of the h2c report clearly indicate that the hotel industry is challenged to meet such expectations,” said Laura Calin, vice president strategy and solutions management, Oracle Hospitality. “At Oracle, we’re working diligently with our customers to simplify and integrate solutions, making it easier to leverage technology to attract new guests and win the loyalty of existing ones.”

Among the most significant findings: dissatisfaction with CRS is common among hotel operators, with one third of respondents reporting they are missing more than 30% of required functionality. Furthermore, half of all chains reported missing at least one key CRS functionality.

Although respondents readily cited their CRS deficiencies, many struggled to identify means to remedy shortcomings. Such issues underscore the need for technology providers/CRS vendors to collaborate with clients to truly understand problems before driving innovation with new features.

Based on the findings, h2c forecasts that PMS and CRS solutions will continue to merge in the future, either in the form of hybrid solutions or as entirely new hotel management platforms.

The following are some of the key highlights from The Next Generation Central Reservation System – Implications for Future CRS Developments:

  • Customer Relationship Management (CRM) poses the largest demand for CRS integration. Small and medium-sized hotel groups, with or without full-fledged loyalty programs, are under intense pressure to improve their guest experience to better compete with the personalization capabilities of global chains. CRS integration is minimal and even non-existent in some regions, making it a critical priority for CRS vendors to address – either with a proprietary product or a third-party integration.

  • Internet booking engine (IBE) reservations are the greatest value driver, but underperforming. Though hotel chains are changing their online sales policy (including price disparity and/or offering free benefits) to compete against OTAs, the IBE needs to facilitate more sophisticated business rules. Such trends are mandating a reinvention of the IBE, which would enable more e-commerce functionality such as discounting packages.

  • Future distribution management tasks will shift to non-CRS systems. From the hoteliers’ perspective, some key CRS tasks such as availability and rates (ARI) management, will likely migrate to other systems in their IT portfolio or become part of a still-to-be-developed platform solution.

A full copy of the report can be found here.

Oracle will convene a global community of hospitality leadership at Oracle Industry Connect April 10-11, 2018 in New York, NY. Oracle Industry Connect provides attendees with intimate peer networking opportunities in addition to over 30 customer-led presentations with themes including how to move to the cloud to accelerate innovation and reduce IT complexity, mine data to gain insights and competitive advantages and capitalize on mobility to empower staff and serve guests. To learn more about Oracle Industry Connect 2018 and register to attend visit: www.oracle.com/oracleindustryconnect/

Contact Info Matt Torres
Oracle
4155951584
matt.torres@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

About Oracle Hospitality

Oracle Hospitality brings 35 years of experience in providing technology solutions to food and beverage operators. We provide hardware, software, and services that allow our customers to deliver exceptional guest experiences while maximizing profitability. Our solutions include integrated point-of-sale, loyalty, reporting and analytics, inventory and labor management, all delivered from the cloud to lower IT cost and maximize business agility.

For more information about Oracle Hospitality, please visit www.Oracle.com/Hospitality

About h2c

h2c’s services to the hospitality industry are unbiased and customer-focused. H2c’s clients benefit from B2B research, Content Marketing services, hospitality technology RFPs and CONTtest, a channel manager for static hotel content.

Our Mission: H2c inspires success in hospitality commerce. Our passion to translate marketplace complexities into actionable strategies shapes our relationships. The goal: clients are confidently in control.” For more information, please visit our website.

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Oracle Data Cloud Launches Data Marketing Program to Help Savvy Auto Dealer Agencies Better Use Digital Data

Wed, 02/21/2018 - 13:55
Press Release Oracle Data Cloud Launches Data Marketing Program to Help Savvy Auto Dealer Agencies Better Use Digital Data Nine Leading Retail Automotive Marketing Agencies Are First to Complete Comprehensive Program, Receive Oracle Data Cloud’s Auto Elite Data Marketer (EDM) Designation

Redwood City, Calif.—Feb 21, 2018

Oracle Data Cloud today launched an advanced data training and marketing program to help savvy auto dealer agencies better use digital data. Oracle also announced the first nine leading Tier 3 auto marketing agencies to qualify for the rigorous program and receive Oracle Data Cloud’s Auto Elite Data Marketer (EDM) designation. Those companies included: C-4 Analytics, Dealer Inspire, Dealers United, Goodway Group, L2TMedia, SocialDealer, Stream Marketing, Team Velocity, and TurnKey Marketing. Oracle’s Auto Elite Data Marketer program will help agencies effectively allocate their marketing resources as advertising budgets shift from offline media to digital platforms.

“As the automotive industry goes through an era of transformational change, dealers are literally where the rubber meets the road, and they need cutting edge marketing tools to help maintain or grow market share,” said Joe Kyriakoza, VP and GM of Automotive for the Oracle Data Cloud. “Tier 3 marketers know that reaching the right audience drives measurable campaign results. By increasing the data skills of our marketing agency partners, Oracle can help them directly impact and improve their clients’ campaign results.”

Oracle Data Cloud’s Auto Elite Data Marketer Program includes:

  1. 1. Education & training - Expert training to the marketing agency and their extended teams on advanced targeting strategies and audience planning techniques

  2. 2. Customized collateral - Co-branded collateral pieces to support client marketing efforts, including summary sheets, decks, activation guides, and other materials.

  3. 3. Co-branding marketing - Co-branded marketing initiatives through thought leadership, speaking opportunities, and co-hosted webinars.

  4. 4. Strategic sales support - Access to Oracle’s specialized Retail Solutions Team and the Oracle Data Hotline to support strategic pitches, events, and RFP inquiries.

“We are proud to have worked with Oracle Data Cloud since the beginning, shaping the program together to drive more business for dealers using audience data,” said Joe Chura, CEO of Dealer Inspire. “Our team is excited to continue this relationship as an Elite Data Marketer, empowering Dealer Inspire clients with the unique advantage of utilizing Oracle data for automotive retail targeting.”

“We are consumed with data that allows for hyper-personalization and better targeting of in-market consumers,” said David Boice, CEO and Chairman of Team Velocity Marketing. “Oracle is a new goldmine of data to drive excellent sales and service campaigns and a perfect complement to our Apollo Technology Platform.”  According to Joe Castle, Founder of SOCIALDEALER, “We are excited to be one of the few Auto Elite Data Marketers which provides us a deeper level of custom audience data access from Oracle. Our companies look forward to working closely to further deliver a superior ROI to all our dealership and OEM relationships.”

Through the Auto Elite Data Marketer program, retail marketers learn how to use Oracle’s expansive selection of automotive audiences, which cover the entire vehicle ownership lifecycle, like in-market car shoppers, existing owners, and individuals needing auto finance, credit assistance, or vehicle service. This comprehensive data set allows clients to precisely target the right prospects for any automotive retail campaign. Oracle has teamed up with industry leading data providers to build the robust dataset, like IHS Markit’s Polk for vehicle ownership and intent data, Edmunds.com for online car shopper data and TransUnion the trusted source for consumer finance audiences.

Oracle Data Cloud plans to expand the Auto Elite Data Marketer program to include additional dealer marketing agencies, as well as working directly with dealers and dealer groups and their media partners to use data effectively for advanced targeting and audience planning efforts. For more information about the Auto Elite Data Marketer program, please contact the Oracle Auto team at dealersolutions@oracle.com.

Oracle Data Cloud

Oracle Data Cloud operates the BlueKai Data Management Platform and the BlueKai Marketplace, the world’s largest audience data marketplace. Leveraging more than $5 trillion in consumer transaction data, more than five billion global IDs and 1,500+ data partners, Oracle Data Cloud connects more than two billion consumers around the world across their devices each month. Oracle Data Cloud is made up of AddThis, BlueKai, Crosswise, Datalogix and Moat.

Oracle Data Cloud helps the world’s leading marketers and publishers deliver better results by reaching the right audiences, measuring the impact of their campaigns and improving their digital strategies. For more information and free data consultation, contact The Data Hotline at www.oracle.com/thedatahotline

Contact Info Simon Jones
Oracle
+1.650.506.0325
s.jones@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Oracle Honors Change Agents of Finance at Oracle Modern Finance Experience

Thu, 02/15/2018 - 08:00
Press Release Oracle Honors Change Agents of Finance at Oracle Modern Finance Experience Awards recognize organizations using modern cloud technologies to drive business transformation

Oracle Modern Finance Experience, New York—Feb 15, 2018

To promote best practices and celebrate the success organizations are achieving by modernizing financial and operational processes in the cloud, Oracle (NYSE: ORCL) today announced the winners of the 2018 Change Agents of Finance Awards. The awards recognize top organizations and business leaders that are driving growth by embracing Oracle cloud solutions and modern best practices to transform the finance function and other critical business processes.

The 2018 winners include Beall’s Inc., Caesars Entertainment, Dropbox, Hilton, National Rural Utilities Cooperative Finance Corporation (NRUCFC), Orange, Park Hotels & Resorts, and Wilmington Savings Fund Society (WSFS).

The 2018 Change Agents of Finance Awards is a global program that encompasses 10 categories that represent the best of twenty-first century finance. Finalists were nominated and voted for by their finance peers based on their ability to deliver tangible business results through the application of innovative cloud technologies to their unique business case.

“The Change Agents of Finance Awards recognize visionary leaders that are reimagining their finance functions in order to thrive and grow in today’s digital economy,” said Doug Kehring, executive vice president and Chief of Staff, Oracle. “This year’s winners are industry pioneers leveraging Oracle ERP Cloud and Oracle EPM Cloud solutions to differentiate their organizations and deliver outstanding results.”

Winners of the 2018 Oracle Change Agents of Finance Awards are:

  • Frugal Finance Award: Wilmington Savings Fund Society (WSFS), Dominic C. Canuso, EVP and Chief Financial Officer
  • Better Together Award: Park Hotels & Resorts, Darren Robb, Senior Vice President and Chief Accounting Officer
  • Fast Finance Award: Caesars Entertainment, Michael Mann, VP of Transformation
  • Modern Close Award: National Rural Utilities Cooperative Finance Corporation (NRUCFC), Lori Culp, Assistant Controller
  • Roll With It Award: Hilton, Anand Naimpally, SVP, Finance
  • Shared Services Superstar Award: Orange, Djamel Benallal, Head of Finance Group Solutions
  • Crystal Ball Award: Dropbox, Annie Ogata, Corporate FP&A Lead
  • Oracle Billion-Dollar Story Award: Orange, Christophe Eouzan, Chief Accounting Officer
  • Top Talent Award: Beall’s Inc., Brian Crowley, CFO

For additional information on these winners, please visit the Oracle Change Agents of Finance Awards website.

Contact Info Evelyn Tam
Oracle PR
+1.650.506.5936
evelyn.tam@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

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Oracle Buys Zenedge

Thu, 02/15/2018 - 07:04
Press Release Oracle Buys Zenedge Adds Leading Cloud-Based Network and Infrastructure Security Capabilities to Protect Enterprises from Today’s Complex Digital Threats

Redwood Shores, Calif.—Feb 15, 2018

Oracle today announced that it has signed an agreement to acquire Zenedge, which helps secure critical IT systems deployed via cloud, on-premise or hybrid hosting environments.

Customers leverage Zenedge’s Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) mitigation products to secure their applications, networks, databases and APIs from malicious Internet traffic. Powered by artificial intelligence (AI), Zenedge’s products and 24/7 virtual Security Operations Center (SOC) defend over 800,000 web properties and networks globally.

Oracle delivers a comprehensive set of subscription-based cloud infrastructure services that enables businesses to run any workload in an enterprise-grade cloud managed, hosted and supported by Oracle. Zenedge expands Oracle Cloud Infrastructure and Oracle’s Domain Name System (DNS) capabilities, adding innovative application and network protection that augments existing Oracle security services and partnerships. Together, Oracle and Zenedge will allow enterprises to adopt cloud services without compromising performance, cost, control or security through an expanded Oracle Cloud Infrastructure platform.

“Customers demand enterprise-grade infrastructure to run their critical business systems in the cloud,” said Don Johnson, Senior Vice President of Product Development, Oracle. “Oracle Cloud Infrastructure as a Service delivers leading cloud services to address those needs. The combination with Zenedge equips Oracle Cloud Infrastructure with integrated, next-generation network and infrastructure security, to address modern security threats.”

“Customers achieve tremendous results with Zenedge’s innovative WAF and DDoS mitigation products, from a 99% reduction in illicit website traffic to a 99.75% improvement in page load times,” said Yuri Frayman, CEO of Zenedge. “We could not be more enthusiastic about joining forces with the leader in enterprise-grade cloud infrastructure, and delivering similar results to even more customers at scale.”

More information about this announcement is available at www.oracle.com/zenedge.

Contact Info Deborah Hellinger
Oracle Corporate Communications
+1.212.508.7935
deborah.hellinger@oracle.com Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, SCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Oracle is currently reviewing the existing Zenedge product roadmap and will be providing guidance to customers in accordance with Oracle’s standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle’s review of Zenedge’s product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Zenedge or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.

Cautionary Statement Regarding Forward-Looking Statements

This document contains certain forward-looking statements about Oracle and Zenedge, including statements that involve risks and uncertainties concerning Oracle’s proposed acquisition of Zenedge, anticipated customer benefits and general business outlook. When used in this document, the words “anticipates”, “can”, “will”, “look forward to”, “expected” and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Zenedge, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business may deteriorate and/or Oracle or Zenedge may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Zenedge. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Zenedge is under any duty to update any of the information in this document.

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Oracle Cloud Applications Help Providence St. Joseph Health Deliver on its Digital Innovation Vision

Wed, 02/14/2018 - 12:00
Press Release Oracle Cloud Applications Help Providence St. Joseph Health Deliver on its Digital Innovation Vision Oracle Cloud Applications improves organizational efficiency, delivery of services, and patient outcomes for non-profit healthcare organizations

Redwood Shores, Calif.—Feb 14, 2018

Oracle today announced that Providence St. Joseph Health has selected Oracle Cloud Applications to advance its critical business systems and streamline operational processes.

PProvidence St. Joseph Health needed a modern business platform that could scale to support its changing needs. With Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Enterprise Performance Management (EPM) Cloud, Oracle Human Capital (HCM) Cloud, and Oracle Supply Chain Management (SCM) Cloud, Providence St. Joseph Health will be able to combine finance, employee, and supplier data to help improve productivity, reduce costs, and enhance visibility within the organization.

“We are focused on creating smarter and more efficient systems for managing our growing system, improving planning and forecasting, and enabling agile decision-making,” said Jo Ann Escasa-Haigh, Executive Vice President & Chief Financial Officer, Operations at Providence St. Joseph Health. “We are excited to partner with Oracle to deliver a solution to match our expanding needs.”

Oracle ERP Cloud’s complete, modern, and innovative platform will help Providence St. Joseph Health transform its finance function by enabling increased productivity, lower costs, and improved controls. Oracle EPM Cloud will enable Providence St. Joseph to analyze data for accurate forecasting and budget planning. Oracle SCM Cloud will help increase the efficiency of operations by enforcing procurement policies, providing real-time insights, and automating demand/supply planning. Oracle HCM Cloud will provide insightful data and tools to help Providence St. Joseph Health optimize talent management, gain complete workforce insights, and increase operational efficiency to drive a better employee experience.

“Oracle Cloud Applications will support Providence St. Joseph Health in driving our vision of digital innovation in our business processes, agility in our deployment of solutions, and long-term value and scalability,” adds Janice Newell, Executive Vice President, Information Services & Chief Information Officer at Providence St. Joseph Health.

“Technology plays an important role in the healthcare industry, from helping offices run more efficiently to enabling hospital staff to deliver more accurate diagnoses and save more lives,” said Steve Miranda, Executive Vice President, Applications Product Development, Oracle. “Oracle Cloud Applications will significantly improve business systems and organizational efficiency to help Providence St. Joseph Health provide superior patient care and better respond to community health needs.”

Additional Information

For additional information on Oracle ERP Cloud applications, visit Oracle Enterprise Resource Planning (ERP) Cloud’s Facebook and Twitter or the Modern Finance Leader blog.

More information on Oracle HCM Cloud can be found on the Modern HR in the Cloud blog, follow @OracleHCM on Twitter or Facebook.

For additional information on Oracle SCM Cloud, visit FacebookTwitter or the Oracle SCM blog.

To learn more about Providence St. Joseph Health, visit psjhealth.org.

Contact Info Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com Nisha Morris
Providence St. Joseph Health PR
1.714.414.3232
nisha.morris@stjoe.org About Providence St. Joseph Health

Providence St. Joseph Health is committed to improving the health of the communities it serves, especially those who are poor and vulnerable. Including 50 hospitals, 829 physician clinics, senior services, supportive housing and many other health and educational services, the health system and its partners employ more than 111,000 caregivers (employees) serving communities across seven states – Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. With system offices based in Renton, Wash. and Irvine, Calif., the Providence St. Joseph Health family of organizations works together to meet the needs of its communities, both today and into the future. For more information about Providence St. Joseph Health, visit psjhealth.org.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

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Caesars Entertainment Transforms Its Iconic Business with Oracle

Wed, 02/14/2018 - 08:15
Press Release Caesars Entertainment Transforms Its Iconic Business with Oracle World-leading gaming and entertainment company selects Oracle Cloud Applications to transform business processes

Redwood Shores, Calif.—Feb 14, 2018

Caesars Entertainment Corporation, the world’s most diversified casino entertainment company, has selected Oracle Cloud Applications to improve the experiences of its guests and employees. With Oracle Cloud Applications, Caesars Entertainment has increased business agility and reduced costs by streamlining financial processes and improving employee productivity and engagement across its entire business operations, which includes Harrah’s, Caesars and Horseshoe.

To modernize business processes while continuing to provide its guests with unsurpassed service across 47 properties in five countries, Caesars Entertainment needed to completely rethink its existing business systems. With Oracle Enterprise Resource Planning (ERP) Cloud  and Oracle Human Capital Management (HCM) Cloud services, Caesars Entertainment has transformed its business by connecting 650 disparate systems to a cloud-based solution that unifies business and employee data on a modern, unified platform.

“We are always looking at how we can provide guests with the best possible services and products,” said Keith Causey, senior vice president and chief accounting officer, Caesars Entertainment. “While we have traditionally focused on the guest experience, a critical part of that process involves the business applications we use to run our organization. Oracle Cloud Applications enabled us to modernize our financial and HR systems so that we could quickly and easily embrace industry best practices, connect disparate applications and data sets and improve productivity.”

Oracle Cloud Applications will enable Caesars Entertainment to benefit from a complete and fully integrated suite of business applications. With Oracle ERP Cloud, Caesars Entertainment will be able to increase productivity, lower costs and improve controls by eliminating spreadsheets and manual processes. Oracle HCM Cloud will enable Caesars Entertainment to find, grow and retain the best talent and achieve complete workforce insights by streamlining access to internal and external talent and delivering advanced reporting and analytics.

“Caesars Entertainment has become part of the American culture, earning its place in the minds of millions worldwide,” said Steve Miranda, executive vice president of applications development at Oracle. “With Oracle Cloud Applications, Caesars Entertainment has embraced modern finance and HR best practices, increased productivity and dedicated more resources to its ongoing mission to provide guests with amazing experiences.”

Contact Info Evelyn Tam
Oracle PR
+1.650.506.5936
evelyn.tam@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

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Report: Cloud Services to Increase U.S. GDP by $2 Trillion over the Next Decade

Wed, 02/14/2018 - 08:00
Press Release Report: Cloud Services to Increase U.S. GDP by $2 Trillion over the Next Decade New research from Dr. Michael Mandel, senior fellow at the Mack Institute of Innovation Management at Wharton, predicts cloud accessibility to technologies such as blockchain, AI, and automation, will power the next big wave of U.S. productivity

Oracle Modern Finance Experience, New York, NY—Feb 14, 2018

Oracle (NYSE: ORCL) today published a report examining the potential impact of cloud services on the United States economy. Authored by Dr. Michael Mandel, senior fellow at the Mack Institute of Innovation Management at the Wharton School and commissioned by Oracle, the report estimates that a cumulative US$2 trillion will be added to U.S. Gross Domestic Product over the next ten years as a result of the productivity and innovation gains that cloud services will deliver. These gains will be attained through the widespread diffusion of advanced technologies such as blockchain, artificial intelligence, cognitive computing, machine learning, and intelligent automation; as well as industry best practices.

The report, titled “Intelligent Finance: How CFOs Can Lead the Coming Productivity Boom builds upon a 2017 study conducted by Dr. Mandel on behalf of the Technology CEO Council. It provides CFOs and finance leaders with a deeper understanding of the potential productivity and profitability gains that can be realized by embracing cloud services and the emerging technologies and best practices they contain.

Dr. Mandel’s research shows a widening productivity divide between the organizations and industries that have invested in software technologies and those that haven’t. But, the report predicts cloud services will close the productivity gap as organizations and industries that have traditionally lagged in technology adoption begin to take advantage of more cost effective and accessible cloud-based solutions. These gains will benefit workers, shareholders, and the broader economy. 

“The cloud era will give low-productivity organizations and industries access to the same technology and best practices that companies in high-productivity industries benefit from,” said Dr. Michael Mandel. “By standardizing and automating routine tasks, the lower producers will increase efficiency and reduce the cost of many processes, which will help them self-fund further investments in technology, develop new capabilities, and redeploy and hire resources for higher-level and better-paid tasks.”

One low-productivity industry that is well-poised to take advantage of emerging cloud technologies is healthcare—a $3 trillion industry.

“Cloud services now provide us with the basis for integrating our financial data with population health data,” said Michael Murray, senior vice president and chief financial officer at Blue Shield of California, which provides healthcare coverage for more than four million Americans. “Through data analytics and better population health management, the United States could remove hundreds of millions of dollars in costs out of the healthcare system. It’s a huge economic opportunity and will ultimately enhance clinical quality and patient outcomes.”

“The potential impact of emerging technologies on society cannot be understated,” noted Dave Donatelli, executive vice president, Cloud Business Group, Oracle. “In addition to creating new jobs and industries based on technology innovations in areas such as 3D printing, artificial intelligence, and cognitive computing, new technologies can help address some of our country’s basic needs. For example, many Americans are struggling to afford the high cost of healthcare coverage and basic medical expenses. Imagine if technology could predict illness and health risks to keep the population healthier. Similarly, cloud-based technologies have the potential to bring down the cost of education, using artificial intelligence, bots, and IoT to create more efficient institutions and better student outcomes.”

As part of the research, Dr. Mandel conducted in-depth interviews with CEOs, CFOs, and other top executives at companies in key industries identified as essential to U.S. economic growth.

Oracle customers who participated in the report, include:

  • Blue Shield of California (healthcare)
  • Carbon (manufacturing)
  • ConnectOne Bank (financial services)
  • FairfieldNodal (oil & gas)
  • Oracle (high tech)
  • Shawnee State University (education)
  • The Wonderful Company (retail/consumer)


The full report can be downloaded at www.oracle.com/intelligent-finance-report.

Contact Info Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor Disclaimer

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.

Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Such statements are based on Oracle’s current expectations and assumptions, some of which are beyond Oracle’s control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.

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Oracle Expands its Global Startup Ecosystem

Tue, 02/13/2018 - 14:48
Press Release Oracle Expands its Global Startup Ecosystem New “Virtual” Global Scaleup Program Launches; Residential Startup Program Expands to North America with Austin, Texas Location

Redwood Shores, Calif.—Feb 13, 2018

Oracle today announced the expansion of its global startup ecosystem in an effort to increase the impact and support for the wider startup community, reach more entrepreneurs worldwide, and drive cloud adoption and innovation. The expansion includes the launch of a new virtual-style, non-residential global program, named Oracle Scaleup Ecosystem, as well as the addition of Austin to the residential Oracle Startup Cloud Accelerator program. The addition of Austin brings the residential program to North America and expands the accelerator’s reach to nine total global locations.

“In 2017, we launched eight residential programs ahead of schedule and attracted almost 4,000 global startups for only 40 program slots—a clear indication of the tremendous demand,” said Reggie Bradford, Oracle senior vice president, Startup Ecosystem and Accelerator. “Oracle Scaleup Ecosystem is a new global program that allows us to reach more innovators and entrepreneurs, regardless of location, including later-stage scaleup companies who need access to Oracle Cloud solutions and resources without the hands-on offerings our residential program provides. We’re building an ecosystem that enables tangible business value, customer growth and revenue—for the startups, our customers and Oracle.”

Oracle’s global startup mission is to provide enriching, collaborative partnerships to enable next-generation growth and drive cloud-based innovation for startups throughout all stages of their journey. To that end, Oracle offers residential and non-residential startup programs that power cloud-based technology innovation and enable co-creation and co-innovation across the startups, customers, partners and Oracle.

Oracle Scaleup Ecosystem is the new non-residential, virtual-style program designed for startups and venture capital and private equity portfolio companies to enable hypergrowth and scale. Oracle’s Scaleup program is collaborating with leading PE and VC firms and will target high-growth entities across EMEA, JAPAC, and the Americas, as well as a select number of investment groups and strategic partners. The program offers mentoring, R&D support, marketing/sales enablement, migration assistance, cloud credits and discounts, and access to Oracle’s customer and product ecosystems.

"We are always exploring new opportunities and resources that can accelerate innovation and growth for our portfolio companies," said Steve Herrod, managing director at General Catalyst. "Oracle has a formidable cloud-based technology stack, product expertise and a thriving customer and partner base. Collaborating with the Oracle Scaleup program has the potential to benefit both our companies and the broader global technology ecosystem."

Industry veteran and Amazon Web Services (AWS) alum Jason Williamson has been tapped by Bradford to lead the Oracle Scaleup Ecosystem program. Williamson helped launch private equity ecosystem initiatives at AWS. Also an author, professor, entrepreneur and former Oracle employee, Williamson brings a wealth of knowledge and unique skillset to lead Oracle’s Scaleup program.

“Lightspeed works closely with global enterprise technology companies to provide resources and access to Lightspeed’s portfolio companies,” said Sunil Rao, Partner, Business Services, Lightspeed India Partners. “Oracle’s Scaleup program is aptly timed for the emerging ecosystem of enterprise software and SaaS vendors, and access to Oracle's cloud solutions, global customers, partner footprint and industry experts who work closely with startups is super useful.”

“Working with Oracle has helped us fast-track growth with business development and technology enhancements,” said Rich Joffe, CEO, Stella.ai, an AI-based recruiting marketplace platform. “Relationships with Oracle Taleo and now Oracle Scaleup will enhance our performance and capabilities as our business rapidly grows globally.”

Austin is the newest addition to Oracle’s residential startup program, Oracle Startup Cloud Accelerator, bringing the program to North America for a total of nine locations worldwide: Austin, Bangalore, Bristol, Mumbai, Delhi, Paris, Sao Paulo, Singapore and Tel Aviv. The program will select five to six startups per cohort, supporting two cohorts a year. Selected companies will be entitled to hands-on technical and business mentoring by Oracle and industry experts, state-of-the-art technology with free Oracle Cloud credits, full access to a dedicated co-working space, as well as access to Oracle’s vast global ecosystem of startup peers, customers, investors and partners. More program details will be announced in the coming month. Interested startups can sign up to receive more information at oracle.com/startup/TX.

Applications for Oracle Scaleup Ecosystem are accepted on a rolling basis at oracle.com/startup/scaleup.

Contact Info Julia Allyn
Oracle Corporate Communications
+1.650.607.1338
julia.allyn@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe, and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

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Oracle IoT Cloud for Industry 4.0 Helps Organizations Make Dramatic Process Improvements for More Intelligent Supply Chains

Tue, 02/13/2018 - 11:30
Press Release Oracle IoT Cloud for Industry 4.0 Helps Organizations Make Dramatic Process Improvements for More Intelligent Supply Chains New Augmented Reality, Machine Vision, Digital Twin and Automated Data Science capabilities enhance production, logistics, warehousing and maintenance

Oracle Modern Finance Experience, New York, NY—Feb 13, 2018

Empowering modern businesses to improve production intelligence and market responsiveness, Oracle today unveiled new Industry 4.0 capabilities for Oracle Internet of Things (IoT) Cloud. The advanced monitoring and analytics capabilities of the new offering enables organizations to improve efficiency, reduce costs, and identify new sources of revenue through advanced tracking of assets, workers, and vehicles; real-time issue detection; and predictive analytics.

According to The Economist Intelligence Unit, 63 percent of manufacturers have either undergone substantial digital transformation or are in the process of transforming parts of their organization, and 19 percent are developing transformation strategies. To remain competitive in the modern economy, businesses need to leverage new technologies and data to modernize their supply chains and improve visibility, predictive insights, and automation through connected workflows.

With new augmented reality, machine vision, digital twin and data science capabilities, Oracle IoT Cloud enables organizations to gain rich insight into the performance of assets, machines, workers, and vehicles so they can optimize their supply chain, manufacturing, and logistics, reduce time to market for new products; and enable new business models. 

“IoT is the great enabler of Industry 4.0’s potential, providing real-time visibility and responsiveness at every step of the production process – from raw materials to customer fulfillment,” said Bhagat Nainani, group vice president, IoT Applications at Oracle.

“Oracle empowers organizations to create smart factories and modern supply chains with seamless interaction models between business applications and physical equipment. By receiving real-time data streams enhanced with predictive insights, our IoT applications provide intelligent business processes that deliver quick ROI.”

Today’s expansion follows the recent announcement of artificial Intelligence, digital thread and digital twin for supply chain, as well as industry-specific solutions for Oracle IoT Cloud. Oracle IoT Cloud is offered both as Software-as-a-Service (SaaS) applications, as well as Platform-as-a-Service (PaaS) offerings, enabling a high degree of adaptability for even the most demanding implementations.

“We plan to leverage Oracle IoT Cloud and its machine learning capabilities to automatically analyze information gathered from the robot and process-monitoring systems. These analytics could help Noble identify ways to reduce cycle time, improve the manufacturing process, enhance product quality, and cut downtime,” said Scott Rogers, technical director at Noble Plastics.

Oracle plans to add the new capabilities across the entire range of IoT Cloud Applications – Asset Monitoring, Production Monitoring, Fleet Monitoring, Connected Worker, and Service Monitoring for Connected Assets:

  • Digital Twin: Enables remote users to monitor the health of assets and prevent failures before they occur, as well as running simulations of “what-if” scenarios in the context of the business processes. With Digital Twin, organizations have a new operational paradigm to interact with the physical world, allowing lower operational and capital expenditures, minimizing downtime, and optimizing asset performance.
  • Augmented Reality: Gives operators and plant managers the ability to view operational metrics and related equipment information in the context of the physical asset for faster troubleshooting and assisted maintenance. In addition, the use of AR in training technicians reduces errors and on-boarding time, and improves user productivity.
  • Machine Vision: Provides detailed non-intrusive visual inspections, which can detect defects invisible to the naked eye, at high speed and scale. Following the rapid inspection, Machine Vision sets in motion appropriate corrective actions when anomalies and errors are spotted.
  • Auto Data Science: Automated business-specific data science and artificial intelligence algorithms continuously analyze asset utilization, production yield and quantity, inventory, fleet performance, as well as worker safety concerns, to predict issues before they arise. Auto Data Science features enable users to see performance metrics of each step in the modern supply chain with the ability to drill down into specific issues at each location without employing an army of data scientists.
 

Oracle IoT Cloud enables companies to monitor capital intensive assets to reduce downtime and servicing costs, and track utilization for accurate lifecycle insights and asset depreciation data, which improves enterprise procurement efficiency. The rich pool of data created by sensors within products enables organizations to offer their products as a service, gain insight into how customers are using their products, and offer improved value-added services that drive new sources of revenue.

Contact Info Vanessa Johnson
Oracle PR
+1.650.607.1692
vanessa.n.johnson@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

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The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

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Oracle Powers the Next Generation of Finance with New Artificial Intelligence Applications

Tue, 02/13/2018 - 11:15
Press Release Oracle Powers the Next Generation of Finance with New Artificial Intelligence Applications Intelligent applications drive smarter finance decisions, increase efficiencies, and improve collaboration for higher revenues and reduced costs

Modern Finance Experience 2018, New York, NY—Feb 13, 2018

To empower the office of the CFO with data-driven insights they need to adapt to change, capitalize on new market opportunities, and increase profitability, Oracle today announced new artificial intelligence-based applications for finance. By applying advanced data science and machine learning to data from the Oracle Data Cloud and from partners, the new Oracle Adaptive Intelligent Applications for Enterprise Resource Planning (ERP) help automate transactional work and streamline business processes.

Oracle Adaptive Intelligent Applications for ERP are designed to enhance existing applications, including financials, procurement, enterprise performance management, order management, and manufacturing within the ERP Cloud suite.

CFOs and modern finance professionals are under pressure to increase the agility and effectiveness of their organizations. As such, they need to constantly monitor and assess what is working and what is not and redeploy resources for maximum returns.

“To increase their agility, organizations need to leverage the right tools to help improve process efficiency and uncover insights that can guide a business forward,” said Rondy Ng, senior vice president, Oracle Applications Development. “Oracle helps finance leaders drive business transformation with ready-to-go applications that combine advanced machine learning with the industry’s most comprehensive suite of cloud applications to deliver immediate value and results.”

With Oracle Adaptive Intelligent Applications for ERP, finance leaders can benefit from:

  • Better insight: Applying analytics and artificial intelligence to finance can improve performance and increases agility across payables, receivables, procurement, and fiscal period close processes. Intelligent applications are also able to provide suggested actions to help mitigate vendor risk and fraud activity by detecting exceptions in vendor selection criteria.
  • Greater efficiency: Robotic process automation and artificial intelligence capabilities enable touchless transaction processing, minimizing the chance of human error.
  • Smarter business outcomes: Oracle delivers immediate impact by infusing machine learning across the entire suite of business applications; this is done by leveraging data from the Oracle Data Cloud and from partners to derive insights across multiple channels and platforms, including finance, HR, and project management to support strategic business decision-making.
  • Increased influence: The rich insights available to finance leaders via artificial intelligence empower CFOs to anticipate what comes next for the business and to make wise decisions, increasing the influence of the CFO and finance team in the organization.

For example, using Oracle Adaptive Intelligent Applications for ERP can help a finance team at a large national retail brand collect first-party data on their suppliers, such as supplier purchase history, percentage of revenue, discounts taken with third-party data on supplier revenue, credit score, and other company attributes. The finance organization can then decide which suppliers to double down on and which to cease doing business with for maximum cost savings, while maintaining quality standards. The ability to quickly fine tune the business based on data-driven insights will increase the finance function’s value in the organization and CEOs will increasingly rely on the CFO and finance team for strategic recommendations to improve business performance.

By applying advanced data science and machine learning to Oracle’s web-scale data and an organization’s own data, the new Adaptive Intelligent Apps can react, learn, and adapt in real time based on historical and dynamic data, while continuously delivering better business insights.

According to the Gartner report, “Impacts of Artificial Intelligence on Financial Management Applications,” written by Nigel Rayner and Christopher Iervolino, “The transformational potential of AI in financial management applications will come in the next two to three years as more AI technologies are embedded directly into financial management processes to automate complex, non-routine activities with little or no human intervention. Also, using AI to improve the accuracy and effectiveness of financial forecasting and planning will transform these processes.”1

The Oracle Adaptive Intelligent Apps are built into the existing Oracle Cloud Applications to deliver the industry’s most powerful AI-based modern business applications across finance, human resources, supply chain and manufacturing, commerce, customer service, marketing, and sales. The apps are powered by insights from the Oracle Data Cloud, which is the largest third-party data marketplace in the world with a collection of more than 5 billion global consumer and business IDs and more than 7.5 trillion data points collected monthly.

1 Gartner Report: “Impacts of Artificial Intelligence on Financial Management Applications,” Analysts Nigel Rayner, Christopher Iervolino, Published November 7, 2017.

Contact Info Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor Disclaimer

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.

Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Such statements are based on Oracle’s current expectations and assumptions, some of which are beyond Oracle’s control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.

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Oracle Transforms Enterprise Data Management

Tue, 02/13/2018 - 11:00
Press Release Oracle Transforms Enterprise Data Management New Oracle Enterprise Data Management Cloud extends industry leading enterprise performance management suite

Oracle Modern Finance Experience, New York, NY—Feb 13, 2018

To meet growing demand from customers engaged in transformation efforts and to improve business agility, Oracle today announced Oracle Enterprise Data Management Cloud. Part of Oracle Enterprise Performance Management (EPM) Cloud, the new offering provides a single platform for easy management of critical enterprise data assets (such as the Chart of Accounts), and improved data integrity and alignment.

Today’s rapidly changing business environment presents multiple data alignment challenges. Cloud adoption, mergers and acquisitions, reorganizations and restructuring can create data inconsistencies that require finance teams to reconcile disparate data sets and associated metadata. Changes to application metadata, dimensions, hierarchies, mappings and related attributes are often handled manually through spreadsheets, email, and in-person meetings.

To help finance leaders eliminate manual errors and inconsistencies, create a single view of all enterprise data, and realize their vision for front and back-office business transformation, Oracle Enterprise Data Management Cloud provides centralized, self-service enterprise data maintenance, and data sharing and rationalization.

“As organizations grow and evolve, business and finance leaders face an increasingly complex range of challenges in managing and governing their enterprise data assets that cannot be successfully addressed through traditional approaches,” said Hari Sankar, group vice president, EPM product management at Oracle. “With Oracle Enterprise Data Management Cloud, we are providing a modern platform that streamlines business transformation efforts and enables organizations to maintain data integrity, accuracy and consistency across all their applications – in the cloud and on-premises.”

Key benefits that Oracle Enterprise Data Management Cloud can provide include:

  • Faster cloud adoption: Migrate and map enterprise data elements and on-going changes across public, private and hybrid cloud environments from Oracle or third parties.
  • Enhanced business agility: Drive faster business transformation through modeling M&A scenarios, reorganizations and restructuring, chart of accounts standardization and redesign.
  • Better alignment of enterprise applications: Manage on-going changes across front-office, back-office and performance management applications through self-service enterprise data maintenance, sharing and rationalization.
  • System of reference for all your enterprise data: Support enterprise data across business domains including: master data, reference data, dimensions, hierarchies, business taxonomies, associated relationships, mappings and attributes across diverse business contexts.

The addition of Oracle Enterprise Data Management Cloud rounds out Oracle’s industry-leading EPM Cloud suite, which has been adopted by thousands of organizations around the world. The new offering has already garnered significant attention with customers such as SunTrust Bank, Baha Mar, Diversey, and others selecting the service to support their business transformation efforts.

Additional Information

For additional information on Oracle EPM Cloud, visit Oracle Enterprise Performance Management (EPM) Cloud’s Facebook and Twitter or the Modern Finance Leader blog.

Contact Info Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

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Four New Partners Join NetSuite Partner Program to Drive Growth, Customer Success

Tue, 02/13/2018 - 09:45
Press Release Four New Partners Join NetSuite Partner Program to Drive Growth, Customer Success ERA Consulting Group, Smartbridge, Softengine and Vibrant to Build Cloud ERP Practices with NetSuite

SUITECONNECT—NEW YORK, N.Y.—Feb 13, 2018

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERPHRProfessional Services Automation (PSA) and omnichannel commerce software suites, today announced that four new partners have joined the NetSuite Solution Provider Program. ERA Consulting Group, Smartbridge, Softengine and Vibrant Inc. have teamed with NetSuite to launch new cloud ERP practices to help clients accelerate growth while improving efficiency and insights into business operations. The new partner relationships come amid continued strong demand for cloud-based business management as organizations unshackle themselves from outdated legacy applications and costly in-house infrastructure to improve performance and profitability with the greater business agility of cloud systems. With consulting, implementation and optimization services spanning a range of industries, the new partners are positioned to rapidly expand their client base while enjoying the high margins and recurring revenue available through the NetSuite Solution Provider Program.

“Our four new partners deliver deep industry-specific expertise and a proven track record of excellence in helping their clients meet and exceed business objectives,” said Craig West, Oracle NetSuite Vice President of Alliances and Channels. “We’re delighted to welcome them aboard and look forward to long and prosperous relationships that help customers grow, realizing the transformative advantages that NetSuite offers.”

ERA Consulting Group Targets Growing Cloud Opportunities in Canada

ERA Consulting Group (www.groupe-era.com), an IT services firm based in Montreal, Quebec, is launching its NetSuite practice to address rising demand for cloud-based business management solutions among Canadian organizations. ERA Consulting, created in 2004, is expanding its long-term relationship with Oracle around the JD Edwards ERP system by adding NetSuite to its technology portfolio. The firm, with 100 clients, is focused on the manufacturing, distribution and services industries, making NetSuite an ideal fit for ERA’s target of small to midsized customers. ERA employs 40 ERP specialists with subject matter expertise in areas ranging from finance to HR, inventory, planning, manufacturing and logistics. With NetSuite’s offerings for unified commerce, ERA Consulting also sees opportunities in the retail industry as it looks to build on its continued growth.

“As a cloud solution, we’re able to implement NetSuite faster so that clients can focus on optimizing and growing their business,” said Benoit Gagnon, ERA Consulting CEO. “Canada has been traditionally a bit behind the U.S. in cloud adoption, but we have seen a shift as more organizations are rapidly embracing cloud solutions, and it will only go up from here.”

Smartbridge Expands on Oracle JD Edwards Expertise by Adding NetSuite

Smartbridge (www.smartbridge.com), a Houston-based services firm that simplifies business transformation, is introducing cloud ERP into its broad portfolio through its NetSuite partner relationship. The 15-year-old company views NetSuite as aligning with its focus areas of ERP and supply chain, as well as systems integration, business intelligence, advanced analytics, enterprise mobility and digital transformation. In addition, NetSuite fits well with Smartbridge’s key industries of manufacturing, distribution, food service, oil and gas, and facility services. An Oracle JD Edwards partner, Smartbridge is expanding its Oracle relationship by offering NetSuite cloud ERP along with ongoing support and enhancements for JD Edwards. With NetSuite, Smartbridge will provide food service operators and Houston-based SMBs with the agile and flexible solutions they need to grow and innovate. Smartbridge’s core customer base, including some of the largest global restaurant chains and Fortune 500 facility services businesses, are also seeking the simplification of cloud ERP solutions for acquisitions, divestitures and managing franchises.

“Our intention is to provide cloud-based enterprise solutions to help our customers succeed by growing our ERP practice around NetSuite with BI, integration and enterprise mobility as natural extensions,” said Sanat Nileshwar, Director, Enterprise Systems at Smartbridge. “NetSuite’s single database and real-time information has generated a lot of interest in the market for modern, innovative companies that want to get out of managing infrastructure and application hairballs.”

For more information about Smartbridge’s NetSuite practice, visit http://www.Smartbridge.com/NetSuite.

Softengine Broadens Solutions Portfolio with NetSuite Cloud ERP

Softengine (www.softengine.com), an ERP and business process solutions provider based in Woodland Hills, Calif. has joined the NetSuite Solution Provider Program to broaden its portfolio and meet growing customer demand for cloud-based business management. Founded in 1996, Softengine is a longtime SAP Gold level partner. The company has expertise in a range of industries including wholesale distribution, manufacturing, food production, retail, apparel and nonprofits. Softengine will align that industry expertise with the NetSuite SuiteSuccess methodology and its tailored vertical offerings to deliver impactful industry-specific solutions. With many fast-growing businesses among its hundreds of clients, Softengine views NetSuite as a good fit to help companies accelerate growth while improving business efficiency and visibility. The firm will focus on NetSuite cloud ERP, and offer implementation and optimization services in areas including CRM and ecommerce.

“We’re continually looking at growing our business and we felt we could make even more progress by creating a NetSuite practice. We want to offer the best platforms as we see them on the market, and NetSuite is one of them,” said Gil Lasman, General Manager at Softengine.

Vibrant, Inc. Aims New NetSuite Practice at Fast-Growing Companies

Vibrant, Inc. (www.vibrantinc.com), a full-service IT provider based in Princeton, N.J., is focusing its new NetSuite practice on growing companies that need the scalability, agility and on-demand data access that cloud business management solutions deliver. Founded in 2000, Vibrant has extensive experience implementing such enterprise solutions as Oracle PeopleSoft, Oracle JD Edwards, Oracle eBusiness Suite and Microsoft Dynamics. The company, with operations across the U.S. and in India, chose to join the NetSuite Partner Program after evaluating other solutions including Workday and SAP Business ByDesign. Key targets for Vibrant’s NetSuite practice include fast-growing companies, and organizations in the life sciences, retail and manufacturing industries. Seeing strong market recognition of NetSuite’s leadership in cloud business management, Vibrant’s services will cover financials / ERP as well as ecommerce, CRM, and HR to deliver a complete end-to-end cloud environment.

“Looking at our target segment of growing companies, NetSuite is a perfect fit as a cloud solution with low up-front investment that grows as the business grows,” said Pannala Suresh, Vibrant founder. “NetSuite’s multi-functional scope and tight integration means a company could start with financials and scale into supply chain, sales, marketing and HR as they grow.”

Launched in 2002, the NetSuite Solution Provider Program is the industry’s leading cloud channel partner program. Since its inception, NetSuite has been a leader in partner success, breaking new ground in building and executing on the leading model to make the channel successful with NetSuite. A top choice for partners who are building new cloud ERP practices or for those expanding their existing practice to meet the demand for cloud ERP, NetSuite has enabled partners to transform their business model to fully capitalize on the revenue growth opportunity of the cloud. The NetSuite Solution Provider Program delivers unprecedented benefits that include highly attractive margins and range from business planning, sales, marketing and professional services enablement, to training and education. For more information about the NetSuite Solution Provider Program, visit www.netsuite.com/partners.

Contact Info Michael Robinson
Oracle NetSuite
781-974-9401
michael.s.robinson@oracle.com About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blogFacebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Brightpoint Health remains committed to New York’s neediest after more than 25 years

Tue, 02/13/2018 - 09:30
Press Release Brightpoint Health remains committed to New York’s neediest after more than 25 years Nonprofit leverages NetSuite software donation, pro bono volunteers to grow, further its mission

SUITECONNECT—NEW YORK, N.Y.—Feb 13, 2018

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Brightpoint Health, a New York-based nonprofit is using NetSuite OneWorld to expand and further its mission to bring compassionate health care and services to New York’s underserved, coordinating behavioral health, primary care and social services.

Founded in 1990 during the AIDS epidemic, Brightpoint Health began as a 66-bed residential facility in the Bronx, serving people living with AIDS who were also struggling with substance abuse. The organization was able to provide comfort and support to thousands of patients, many of whom had been rejected by their families and communities. As AIDS became a treatable condition, Brightpoint expanded its program to provide medical and dental care, behavioral health care, substance abuse treatment and referrals, even as it continues to offer Adult Day Health Care services for its HIV-positive clients. Today, Brightpoint serves more than 30,000 New Yorkers annually across all five boroughs. Among the clients it serves, over 80 percent are recipients of Medicaid and about 70 percent are homeless. For many clients, in addition to instability due to poverty and inadequate housing, their health challenges often include multiple chronic medical and behavioral problems. As a Federally-Qualified Health Center, no one is turned away, regardless of whether or not they have insurance.

“We’re serving the population that needs us the most and putting the patient at the center,” said Dr. Barbara Zeller, chief clinical officer, Brightpoint Health.

To achieve that goal, Brightpoint strives to maintain continuous engagement with clients so they can develop the tools to care for themselves, manage their medical and behavioral challenges, and transform their health and their lives for the better.

“Just to be able to come here and see the doctor, it lightens my load a lot,” said Ebony Towns, a Brightpoint patient. “It helps to know that people actually care still. They care.”

In 2013, Brightpoint began a concentrated expansion effort, opening 11 new sites in a five-year period. As part of that expansion, it invested significantly in its Quality Management Department, seeking to become a data-driven organization with an electronic health record for primary care, behavioral health and dental services. That year, Brightpoint served 4,735 patients, including 2,510 new patients, for a total of 23,357 visits.

Amidst that expansion, Brightpoint quickly determined that its existing DOS-based financial system could no longer meet its needs. After surveying other health care practices and evaluating Microsoft Dynamics GP, Brightpoint selected NetSuite OneWorld for its breadth of functionality, reporting, real-time view of operations and multi-subsidiary management to help manage the organization’s four subsidiaries. Month-end close, which once took 90 days, can now be done in 15 days. The comprehensive view of the organization also allows management to make informed decisions, whether that’s merging an outside physician’s practice into the organization or devoting additional resources to specific locations. In the first two years after implementing NetSuite OneWorld, revenue went up 33 percent and visits went up 77 percent, while the organization continued to open new locations. Now with 13 health centers and multiple service locations, Brightpoint served close to 34,000 patients in 2017 with 188,790 visits.

As a nonprofit, Brightpoint qualified for a donation from Oracle NetSuite Social Impact, which makes available free and discounted software to qualified nonprofits and social enterprises. It has also taken advantage of Suite Pro Bono, where NetSuite employees provided their time and expertise to help Brightpoint Health with NetSuite training and customizations. Brightpoint was also the nonprofit that received technical expertise from NetSuite customers, partners and employees during the Hackathon 4Good at SuiteWorld17. That’s allowed Brightpoint to funnel more of its resources toward helping those in need.

“We’re very mission focused,” said Zeller. “NetSuite gives us the support and visibility into operations to continue to serve the neediest New Yorkers.”

Contact Info Michael Robinson
Oracle NetSuite
781-974-9401
michael.s.robinson@oracle.com About Oracle NetSuite Social Impact

Founded in 2006, Oracle NetSuite Social Impact is empowering nonprofits to use NetSuite to further their mission, regardless of their ability to pay. More than 1,000 nonprofits and social enterprises around the world are supported by NetSuite Social Impact, which provides software donations to qualified organizations. The program also includes Suite Pro Bono, under which NetSuite employees provide their expertise to help nonprofits with training and customizations to make the most of the platform. To learn more about NetSuite Social Impact, please visit www.netsuite.com/socialimpact and follow on Twitter at @NS_SocialImpact.

About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries.

For more information, please visit http://www.netsuite.com.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Food and Beverage Manufacturers Primed for Growth, Positioned for Success with NetSuite

Tue, 02/13/2018 - 09:15
Press Release Food and Beverage Manufacturers Primed for Growth, Positioned for Success with NetSuite Innovative Manufacturers Aspire Group, Dyla and The PUR Company Ready Themselves for Growth with NetSuite’s Industry Cloud Solution

SUITECONNECT—NEW YORK, N.Y.—Feb 13, 2018

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that three food and beverage manufacturers have implemented the NetSuite SuiteSuccess Manufacturing edition, enabling their businesses to grow, scale and adapt to change at the pace of modern business. Aspire Food Group, which raises crickets for a wide variety of uses including high protein snacks and food additives, Dyla, maker of Forto all natural ready-to-drink coffee shots and Stur water flavor enhancers, and PUR, a fast-growing manufacturer of aspartame-free gum, were all able to take advantage of NetSuite’s decades of experience with thousands of manufacturers to get their businesses up and running quickly with a leading cloud ERP system.

Food and beverage manufacturers like Aspire, Dyla and PUR confront a wide array of challenges that can hinder growth and customer satisfaction. Consumers increasingly demand more choice and information around the ingredients they’re consuming from GMO-free, to locally sourced and other health-based requirements. Meanwhile, governments are imposing stricter regulations and manufacturers still confront increased global competition and complex supply chains. As they seek to address these challenges, food and beverage manufacturers are concerned about the time and capital required to fix their back-end systems. However, they realize that the ability to rapidly adapt and scale is critical to their success. Companies looking to overcome these challenges to grow and diversify can be held back by entry-level systems that do not have the functionality to manage business at scale, or older, on-premise systems built before the internet that cannot take full advantage of the cloud. NetSuite SuiteSuccess for Manufacturing delivers a unique set of processes, activities and systems specifically designed to deliver rapid value. It provides customers with a strong foundation to transform their business with a pre-configured solution and methodology.

Aspire Food Group Grows from Idea to Prize to Enterprise

In 2013, five MBA students from McGill University came up with an idea to help solve the problem of food insecurity, which ultimately won the Hult Prize Competition, besting 10,000 other teams from around the world. That prize-winning idea gave birth to Aspire Food Group (www.aspirefg.com), a social enterprise specializing in farming insects for human consumption. Crickets and palm weevils, the two insect species Aspire is currently raising and researching, provide an excellent source of protein without the resource-intensive demands of other proteins like beef or chicken. With a palm weevil facility in Ghana and a cricket-raising facility in Austin, Texas, Aspire is focused not only on raising awareness around the possibilities of insect-based protein, but developing a way to farm insects year-round in an efficient and scalable manner. The company currently provides cricket-based additives for protein powders, flavored and roasted whole crickets, which are currently being sold at sports stadiums, as well as a handful of restaurants and other food service customers. As demand for its products emerged quicker than the company anticipated, it soon discovered that its existing financial management system based on QuickBooks and Excel spreadsheets would not keep up with its growth. It selected NetSuite after an extensive selection process and in just four months went live using SuiteSuccess for Manufacturing to run financials, CRM and inventory management. As a result, the company is now efficiently processing payments with the click of a button, tracking customers and invoices and it has substantially improved its budgeting process. Reports that used to take six hours to create are now done in under an hour. Aspire has plans to implement additional manufacturing functionality to better track the costs associated with the manufacturing process and livestock processes in a second phase.

“A year from now, I know the volume of orders is only going to increase and our capacity to track the business is going to be critical,” said Abir Syed, Aspire’s Director of Finance. “I wanted to get ahead of it and NetSuite and SuiteSuccess ensured we have a scalable, modern system in place quickly to continue our growth without interruption.”

Specialty Drink Manufacturer Manages Rapid Growth with NetSuite

Dyla LLC saw rapid growth after its Forto ready-to-drink coffee shots and Stur water flavor enhancers struck a chord with a market thirsty for more natural alternatives to energy-boosting and healthy drinks. The West New York, NJ-based company saw growth of 500 percent year-over-year in 2017, becoming one of the fastest growing businesses in New Jersey. As Forto expanded across airports and convenience stores, and Stur attracted major retailers, running two separate businesses on QuickBooks wasn’t sustainable. Dyla’s operations team spent half its time in spreadsheets synchronizing inventory, order and customer information, even manually entering EDI transactions. After a comprehensive evaluation process, Dyla selected NetSuite over SAP and Microsoft Dynamics, swayed by its ease of use, customization and cloud architecture that would allow real-time information sharing by its employees located throughout the U.S. With SuiteSuccess, Dyla went live on NetSuite in May 2017 in just 90 days to manage contract manufacturers, a distribution hub and 117 SKUs across the two brands and tens of thousands of locations. Just a month after go-live, Dyla had processed a record number of orders processed in the same period the year before. With NetSuite, Dyla has streamlined its month-end close from five days to three hours and automated communication with 3PL providers.

“We have grown 500 percent year-over-year because we were able to put our resources into selling the product, not the backend,” said Justin Lawrence, Head of Supply Chain/Operations and Finance, Dyla LLC.

Aspartame-free Gum Maker Sweetens its Business Growth

Founded in 2010 with a business plan based on direct contact with retail locations, The PUR Company saw its business explode as demand for its aspartame-free gum grew. The company expanded rapidly, from 33 retail partner locations in its first month to 500 only a few months later. But, as it grew beyond Canada to the US, UK, Australia and Germany, PUR knew it would need a modern system to manage that growth and adapt to future business demands. When new leadership was hired to advance the company to its next stage of growth, they quickly determined that the company needed to replace its existing QuickBooks and Excel-based processes. After evaluating SAP, The PUR Company selected NetSuite and implemented it in just 100 days with SuiteSuccess. The PUR Company now has complete traceability across products in its Toronto warehouse while the unified ERP and CRM gives better insights into customer service and sales strategy. Meanwhile, OneWorld lets PUR transact in Canadian and US dollars and Swiss franc. NetSuite can continue to scale as the company grows while NetSuite’s unified platform combines financial, inventory and customer data – vital for a company heavily focused on customer loyalty.

“NetSuite is helping us transition our dreams into realities by building a better organization that is more structured and organized and advanced, bringing science to our art,” said Jay Klein, Founder and CEO of The PUR Company.

SuiteSuccess is the culmination of a multi-year transformation effort to combine the NetSuite unified suite, 20 years of industry leading practices, a new customer engagement model, and business optimization methods into a unified, industry cloud solution. SuiteSuccess was engineered to solve unique industry challenges that historically have limited a company’s ability to grow, scale and adapt to change. Most ERP vendors have tried to solve the industry solution problem with templates, rapid implementation methodologies, and custom code. NetSuite took a holistic approach to the problem and productized domain knowledge, leading practices, KPIs, and an agile approach to product adoption. The benefits of this are faster time to value, increased business efficiency, flexibility, and greater customer success.

The key components of SuiteSuccess for Manufacturing include:

  • Tailored roles with built-in workflows specific to wholesale distribution such as supply chain manager, warehouse operations and production manager.

  • Industry leading best practices built into the system spanning inventory utilization and visibility, order orchestration and more.

  • More than 150 Pre-built KPIs and reports, giving manufacturers real-time insight into the business from Day 1.

For more information on SuiteSuccess for Manufacturers, visit: http://www.netsuite.com/portal/services/suitesuccess/manufacturing.shtml

Contact Info Michael Robinson
Oracle NetSuite
781-974-9401
michael.s.robinson@oracle.com About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.

Follow Oracle NetSuite’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Steiner Sports Scores Big Victories in Crowded Sports Marketing

Tue, 02/13/2018 - 09:00
Press Release Steiner Sports Scores Big Victories in Crowded Sports Marketing Adding Collectibles Business to Unique Sports Experiences Drives Growth for Leader in the Field

NEW YORK, N.Y.—Feb 13, 2018

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Steiner Sports, a company specializing in sports memorabilia and sports marketing, has implemented NetSuite to help drive business growth. Steiner Sports is using NetSuite for financials, inventory management, order managements, ecommerce and point of sale (PoS).

Equipped with only $4,000, a Macintosh II computer and one intern, Brandon Steiner founded Steiner Sports in 1987. The business has since grown to become the largest company of its kind, even as demand for sports-related marketing has exploded. It is now a part of the Omnicom Group.  Brandon Steiner’s love of sports, particularly the New York teams, and the persistence and patience to wait outside of stadiums, arenas and parking lots for the chance to approach star athletes, eventually turned into a successful business. The core of Steiner Sports’ value proposition allows companies to leverage its expertise, existing relationships, and $25 million annual athlete procurement spend to create marketing efficiencies, and maximize limited marketing budgets. Sports memorabilia and collectibles went on to become a significant part of the Steiner Sports business as clients began to ask for autographed items.

Steiner Sports now works with more than 2,000 athletes and counts more than 100,000 SKUs of collectible inventory worth more than $20 million. Steiner Sports notably purchased the old Yankee Stadium when it was demolished in 2008 selling items off in pieces, everything from the actual seats to bathroom fixtures to the dirt on the old ballfield.

“We have sold millions of dollars’ worth of dirt from the old Yankee Stadium,” said Kelvin Joseph, Steiner Sports COO and CMO.

Similar to how the meet and greet promotions that Steiner once created sparked demand for memorabilia, current clients are often seeking an experience with athletes, such as a selfie or having them speak at an event. Its long history in the market and focus on personal relationships and helping clients to grow through sports is what helps Steiner Sports stand out in a crowded marketplace, according to Joseph.

As the company grew and expanded beyond professional services and into a B2C business with its collectibles, the previous Microsoft Dynamics AX system it was using no longer met its needs. Steiner Sports had heavily customized the system to help it manage diverse customers that ranged from the Fortune 500 to small businesses to consumers buying collectibles. Steiner Sports selected NetSuite for its cloud-based architecture and regular, painless updates. In addition, NetSuite’s unified platform, real-time visibility and focus on customer success were key differentiators.

“NetSuite’s business model of really caring about its customers and helping them to grow was attractive,” Joseph said. “It’s in NetSuite’s best interest for their customers to grow and to grow with them. That’s what makes it authentic.”

Contact Info Michael Robinson
Oracle NetSuite Corporate Communications
781-974-9401
Michael.s.robinson@oracle.com About Oracle NetSuite

Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

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Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

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Oracle Argus Supports E2B(R3) Exchange with the European Medicines Agency’s Enhanced EudraVigilance System

Tue, 02/13/2018 - 04:00
Press Release Oracle Argus Supports E2B(R3) Exchange with the European Medicines Agency’s Enhanced EudraVigilance System Leading pharmacovigilance platform provides life sciences companies with a fully compliant safety reporting solution to meet new regulations and standards

Redwood Shores, Calif.—Feb 13, 2018

Oracle Health Sciences today announced that the latest release of Oracle Argus, the company’s safety and pharmacovigilance software, fully supports E2B(R3) exchange with the European Medicines Agency’s (EMA’s) enhanced EudraVigilance (EV) version 8. Both Oracle Argus cloud and on-premise deployments have been tested and are fully compliant with the new EV system.

November 22, 2017 marked the go-live date for the new EudraVigilance upgrade that introduced the E2B(R3) standard for the electronic transmission of individual case safety reports (ISCRs) in Europe. The support of the new standard was one of a series of enhancements introduced to achieve full functionality with the requirements set out in Regulation (EC) No 726/2004.

Oracle Argus is a platform that enables biopharmaceutical companies, medical device manufacturers, and contract research organizations (CROs) to make faster and better safety decisions, optimize global compliance, and easily integrate with the Oracle Health Sciences Empirica platform for signal management. Argus automates and streamlines the entire multi-vigilance lifecycle for drugs, vaccines, and devices from clinical trials through post-marketing surveillance.

“We designed Argus to ensure that our life sciences customers will always be compliant with the latest regulations anywhere in the world, and to give the best possible protection to their sensitive safety data and ultimately to patients,” said Steve Rosenberg, SVP and General Manager, Oracle Health Sciences.

“Global compliance is a critical requirement, and in advance of this release, we held a customer pilot, participated in an EMA pilot, and performed EMA compliance testing,” he continued. “We develop each new version of Argus only after a thorough review of all relevant and upcoming regulations that will affect our customers, such as the recent adoption of E2B(R3) by the Pharmaceuticals and Medical Devices Agency (PMDA) in Japan.”

Oracle Health Sciences tested its recent version of Oracle Argus directly with the EMA to ensure it met the European requirements for E2B(R3) and to give its life sciences customers peace of mind knowing that they are compliant with the new safety reporting standard. Unlike solutions that require heavy customization, Oracle Argus provides deep and integrated safety functionality out of the box, scales to millions of cases, and easily aligns with users’ safety and business processes. The platform enables organizations to simplify processes, reduce cycle times, and make in-stream decisions, while enabling collaborative workflows within and across the company to ensure the highest level of patient safety in both clinical development and post-marketing.

Contact Info Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com Sarah Heinz
CMG
+ 44(0) 207 067 0424
sheinz@cmgrp.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle Demonstrates Advances in Autonomous Cloud, Extending Autonomous Capabilities Across Entire Cloud Platform

Mon, 02/12/2018 - 08:04
Press Release Oracle Demonstrates Advances in Autonomous Cloud, Extending Autonomous Capabilities Across Entire Cloud Platform Self-driving services use AI and machine learning to help organizations lower cost, reduce risk, accelerate innovation, and get predictive insights

Oracle CloudWorld, NEW YORK—Feb 12, 2018

Oracle President of Product Development Thomas Kurian demonstrated the latest advances in Oracle Cloud Platform, expanding its Oracle Cloud Platform Autonomous Services beyond the Oracle Autonomous Database, to make all Oracle Cloud Platform services self-driving, self-securing and self-repairing. With its enhanced suite of autonomous Cloud Platform services, Oracle is setting a new industry standard for autonomous cloud capabilities. Oracle is applying AI and machine learning to its entire next-generation Cloud Platform services to help customers lower cost, reduce risk, accelerate innovation, and get predictive insights.

As organizations focus on delivering innovation fast, they want a secure set of comprehensive, integrated cloud services to build new applications and run their most demanding enterprise workloads. Only Oracle’s cloud services can automate key operational functions like tuning, patching, backups and upgrades while running to deliver maximum performance, high availability, and secure enterprise IT systems. In addition, to accelerate innovation and smarter decision making, Oracle Cloud Platform is incorporating additional autonomous capabilities specific to application development, mobile and bots, app and data integration, analytics, security and management. 

“The future of tomorrow’s successful enterprise IT organization is in full end-to-end automation,” said Kurian. “At Oracle, we are making this a reality.We are weaving autonomous capabilities into the fabric of our cloud to help customers safeguard their systems, drive innovation faster, and deliver the ultimate competitive advantage with smarter real-time decisions.”

Oracle’s autonomous capabilities are integral to the entire Oracle Cloud Platform, including the world’s first autonomous database unveiled at Oracle OpenWorld. The Oracle Autonomous Database uses advanced AI and machine learning to eliminate human labor, human error and manual tuning delivering unprecedented availability, high performance and security at a much lower cost. Multiple autonomous database services, each tuned to a specific workload, will be available in 2018, including Oracle Autonomous Data Warehouse Cloud Service for analytics, Oracle Autonomous Database OLTP for transactional and mixed workloads, and Oracle Autonomous NoSQL Database for fast, massive-scale reads and writes.

In addition to the Oracle Autonomous Database, Oracle Cloud Platform autonomous capabilities for application development, mobile and bots, integration, analytics, security and system management, are scheduled to be available in the first half of calendar year 2018. Oracle Cloud Platform services all share foundational autonomous capabilities including:

  • Self-Driving to Lower Costs and Increase Productivity: Eliminate human labor to provision, secure, monitor, backup, recover and troubleshoot. Automatically upgrade and patch itself while running. Instantly grow and shrink compute or storage without downtime.
  • Self-Securing to Lower Risk: Protect from external attacks and malicious internal users. Automatically apply security updates while running to protect against cyberattacks, and automatically encrypt all data.
  • Self-Repairing for Higher Availability: Provide automated protection from all planned and unplanned downtime with up to 99.995 percent availability, resulting in less than 2.5 minutes of downtime per month including planned maintenance.
 

Examples of additional autonomous capabilities being added to functional areas across the rest of the Oracle Cloud Platform include: 

Application Development

  • Automated artifact discovery, dependency management, and policy-based dependency updates increasing code quality and developer productivity
  • Automated identification and remediation of security issues throughout the CI/CD pipeline significantly reducing security risks
  • Automated code generation with single button deployment enabling rapid application development even by line of business users
 

Mobile and Bots

  • Self-learning chatbots observing interaction patterns and preferences to automate frequently performed end-user actions freeing up time for higher productivity tasks
  • Unsupervised, smart bots using machine learning to learn from user conversations enabling fluid, contextual conversations
  • Automated caching of API calls to the nearest data center in real time for lowest latency responses based on end user location
 

Application and Data Integration

  • Self-defining integrations automate business processes across different SaaS and on-premises apps
  • Self-defining data flows with automated data lake and data prep pipeline creation for ingesting data (streaming and batch)
 

Analytics

  • Automated data discovery and preparation
  • Automated analysis for key findings along with visualization and narration delivering quicker real time insights
 

Security and Management

  • Machine learning-driven user and entity behavior analytics to automatically isolate and eliminate suspicious and malicious users
  • Preventative controls to intercept data leaks across structured and unstructured data repositories
  • Unified data repository across log, performance, user experience and configuration data with applied AI/ML, eliminating need to set and manage performance and security monitoring “metadata” such as thresholds, server topology, and configuration drift
 

Oracle today also demonstrated a single Oracle Digital Assistant for users to interact across Oracle’s SaaS and PaaS services including analytics. Oracle Digital Assistant provides centralized connection for the user to converse across the user’s CRM, ERP, HCM, custom applications and business intelligence data and uses AI to intelligently correlate data and automate user behavior. Oracle Digital Assistant capabilities include:

  • Integration to speech-based devices like Amazon Echo (Alexa), Apple Siri, Google Home and Speech, Harman Kardon (Cortana), and Microsoft Cortana
  • Deep neural net based machine learning algorithms to process the message from the voice based devices to understand end user input and take action
  • Intelligent routing to the Bot with the knowledge to process the end user input
  • Deep insights into user behavior, context, preferences and routines that is used by the Oracle Digital Assistant to self-learn to recommend and automate across all data sets on behalf of the user
 

“Platform as a Service has become a critical component of the cloud delivery model to help drive business agility and innovation for enterprises,” said Saurabh Sharma, Principal Analyst, Ovum. “With Oracle revealing its AI and machine learning-based Autonomous PaaS, Oracle is bringing productivity gains, cost reduction and human error reduction to the forefront of enterprises looking for possible ways to drive faster innovation. Oracle Cloud Platform’s autonomous PaaS capabilities will let enterprises scale, back-up, upgrade, diagnose, correct and secure enterprise PaaS cloud services.”

Contact Info Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com Greg Lunsford
Oracle
+1.650.506.6523
greg.lunsford@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Nicole Maloney

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Oracle Protects Customers with Industry’s Strongest and Most Comprehensive Cloud Guarantee

Mon, 02/12/2018 - 08:00
Press Release Oracle Protects Customers with Industry’s Strongest and Most Comprehensive Cloud Guarantee Only cloud provider offering SLAs for enterprise-grade cloud performance, manageability, and availability

Oracle CloudWorld, NEW YORK—Feb 12, 2018

Oracle today expanded the breadth and depth of its enterprise service level agreements (SLAs), delivering a superior experience for customers and helping enterprises that want to shift critical workloads to the cloud today.  Building on the strength of its recently announced, industry-leading 99.995 percent availability guarantee for Oracle Autonomous Database, Oracle today unveiled the industry’s first end-to-end financially backed cloud warranty for Infrastructure-as-a-Service (IaaS).  With these comprehensive SLAs, Oracle is now the only cloud infrastructure provider offering guaranteed service levels across performance, manageability, and availability: the three key characteristics defining how enterprises measure cloud infrastructure providers.

“No cloud provider in the world can match what Oracle guarantees,” said Thomas Kurian, President of Product Development, Oracle. “Our competitors offer narrow commitments and countless exclusions in fine print while Oracle’s SLAs deliver an industry first: guaranteed performance, manageability and availability in the cloud.”

Enterprise customers require critical business applications to perform at consistent and reliable levels.  For example, they need to know back office applications are not going to bog down as they are trying to close the quarter or doing strategic analysis. In addition, enterprises expect to have the ability to immediately add resources if they need extra compute power for urgent business intelligence or to handle spikes in demand.

Oracle’s new SLAs are an integral part of the company’s strategy to deliver the best cloud infrastructure for enterprise production workloads. These industry-first SLAs provide reassurance to customers that want to shift workloads to the cloud and require not only continual availability, but also consistent performance and the ongoing ability to manage and modify the cloud infrastructure that runs their mission-critical applications and databases. In addition, Oracle plans to extend these SLAs to all of its Oracle Cloud Platform Autonomous Services including those for database, application development, mobile and bots, application and data integration, analytics, security and management.

“Customers expect service level commitments for uptime to mean that their applications are not only available, but manageable and performing as expected, regardless of where that application may be located,” said Al Gillen, GVP, Software Development and Open Source, IDC. “Unfortunately, many cloud SLAs don’t make that broad commitment. Oracle’s revised SLAs provide customers the guarantees they need to allow them to run mission-critical enterprise applications in cloud environments with confidence.”

Under terms of the new performance SLA, Oracle Cloud Infrastructure guarantees it will deliver more than 90 percent of published performance every day in a given month.  If it falls below that level for even as few as 44 minutes a month, customers may claim service credits according to Oracle’s terms of service. By contrast, other vendors offer no guarantees around performance. Their cloud resources can be delivering 1 percent of published performance targets, and the customer must continue to pay full price for the degraded services.  As the only cloud infrastructure provider guaranteeing performance, manageability, and availability within its SLAs, Oracle provides the most protection for customers and meets the needs of enterprises who want to shift critical workloads to the cloud today.

N2N Services is onboarding production customers of Illuminate, their API management platform and cloud integration gateway, to Oracle Cloud Infrastructure. “With prior cloud providers, we had limited leverage when it came to dedicated infrastructure,” said Kiran Kodithala, chief executive officer, N2N Services. “With Oracle Cloud Infrastructure, we not only have the ability to have dedicated bare metal infrastructure, but we also have an end-to-end cloud service guarantee, ensuring we have full access and control over our cloud infrastructure services as well as consistent performance.”

Contact Info Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com Greg Lunsford
Oracle
+1.650.506.6523
greg.lunsford@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Oracle Cloud Growth Driving Aggressive Global Expansion

Mon, 02/12/2018 - 07:15
Press Release Oracle Cloud Growth Driving Aggressive Global Expansion Significantly expands its current regional cloud infrastructure footprint to deliver Oracle Cloud services to an increasing number of customers and partners

Oracle CloudWorld, NEW YORK—Feb 12, 2018

Driven by strong customer demand for its cloud services worldwide, Oracle today announced plans to significantly expand its modern cloud infrastructure footprint. The company’s rapid expansion plans include the opening of 12 new datacenter regions and increase the breadth and depth of Oracle Cloud services available across Asia, Europe, and the Americas. With this news, Oracle continues its industry leadership position, delivering a complete and integrated portfolio of cloud services (SaaS, PaaS, and IaaS) and new services in security, Blockchain, and Artificial Intelligence. 

“The future of IT is autonomous. With our expanded, modern data centers, Oracle is uniquely suited to deliver the most autonomous technologies in the world,” said Oracle CEO Mark Hurd. “As we invest, our margins will continue to expand. And with our global datacenter expansion, we are able to help customers lower IT costs, mitigate risks and compete like they never have before.”

The regional expansion of Oracle’s cloud footprint will include locations in Asia including China, India, Japan, Saudi Arabia, Singapore, and South Korea; Europe including Amsterdam and Switzerland; and North America including two in Canada and two new US locations to support U.S. Department of Defense workloads.

Since launching Oracle Cloud, the company has seen an ever-growing set of customers, across the Global 2000, as well as small and medium businesses. Organizations continue to turn to Oracle at record-rates to build, deploy, and extend game-changing applications and run business-critical workloads in a low-latency, highly available, reliable and secure cloud environment. Today, customers in more than 195 countries are running their most demanding applications on Oracle Cloud Platform and Oracle Cloud Infrastructure.

Contact Info Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com Greg Lunsford
Oracle
+1.650.506.6523
greg.lunsford@oracle.com About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Oracle Recognized as a Leader in the Magic Quadrant for Configure, Price and Quote Application Suites by Gartner

Thu, 02/08/2018 - 15:42
Press Release Oracle Recognized as a Leader in the Magic Quadrant for Configure, Price and Quote Application Suites by Gartner Positioned as a Leader for its ability to execute and completeness of vision

REDWOOD SHORES, Calif.—Feb 8, 2018

Oracle today announced that it has been named a Leader in Gartner’s first-ever 2018 Magic Quadrant for Configure, Price and Quote Application Suites. The company was evaluated for its ability to execute and completeness of vision.

Traditionally, configure, price, quote (CPQ) technology was viewed only as a selling tool. However with increased customer expectations and sales reps forced to do more with less, CPQ technology has transformed into a key enabler driving improved buying experiences and high quality customer experiences. Designed with artificial intelligence capabilities and pre-packaged integrations to customer experience (CX) and ERP systems, Oracle CPQ Cloud is one of the only extendable enterprise-grade cloud solution supporting the complete quote-to-cash process—from customer inquiry to order fulfillment enabling businesses to increase sales productivity and improve margins.

“In today’s competitive landscape, customer experience needs to be a part of an organization’s DNA. Oracle CPQ Cloud enables a modernized sales process resulting in an unprecedented customer experience through all channels, while increasing user adoption and average deal size and volume,” said Ken Volpe, senior vice president of applications development, Oracle. “We believe Gartner’s recognition of Oracle’s position as a Leader in this space reflects our investments and reinforces our commitment to helping our customers achieve greater efficiency in their sales process.”

Of the 11 vendors Gartner evaluated for the Magic Quadrant for Configure, Price and Quote Application Suites, Oracle was named a Leader based on the evaluation of its ability to execute, including Product or Service, Overall Viability, Sales Execution/Pricing, Market Responsiveness/Record, Marketing Responsiveness/Record, Marketing Execution, Customer Experience, and Operations, and its completeness of vision, including Market Understanding, Marketing Strategy, Sales Strategy, Offering (Product) Strategy, Business Model, Vertical/Industry Strategy, Innovation, and Geographic Strategy.

According to Gartner, vendors positioned as Leaders “have the ability to execute their vision through products, services and demonstrated, solid business results in the form of revenue and earnings. Leaders have significant successful customer deployments in a wide variety of industries, and with multiple proof points for deployments of more than 500 users. They demonstrate consistently above-average customer experience satisfaction. Leaders are often the vendors against which other providers in the market measure themselves.”

Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences and achieve predictable and tangible business results. The Oracle CX Cloud Suite includes Oracle Commerce Cloud, Oracle Marketing Cloud, Oracle Sales Cloud and Oracle Service Cloud.

Download Gartner’s 2018 Magic Quadrant for Configure, Price and Quote Application Suites

*Gartner, “Magic Quadrant for Configure, Price and Quote Application Suites,” Mark Lewis, Melissa A. Hilbert, 29 January 2018.

Contact Info Kimberly Guillon
Oracle
1.209.601.9152
kim.guillon@oracle.com Gartner Disclaimer

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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