Oracle Unveils Business Process Integration For Retailers

Oracle Financial Operations Control Integration Pack for the Oracle Retail Merchandising Suite and Oracle E-Business Suite Financials Part of Oracle Application Integration Architecture Release 2.5

News Facts

  • As part of an ongoing effort to help retailers improve
    financial control over merchandising operations and derive greater value from
    their business, Oracle today announced end-to-end business process integration
    for retailers using the Oracle Retail Merchandising Suite and Oracle
    Financials.
  • The Oracle Financial Operations Control Integration Pack
    for the Oracle Retail Merchandising Suite and Oracle E-Business Suite Financials
    is expected to help retailers more effectively control key merchandising
    financial operations, including providing them with enhanced inventory
    valuation, more timely revenue recognition and streamlined merchandising procure
    to pay.
  • The retail financial control integration pack is built on
    Oracle’s
    Application Integration Architecture (AIA) Release 2.5, a pre-built, open
    and complete architecture that runs on the Oracle SOA Suite for orchestrating
    agile, user-centric business processes across enterprise applications.
  • Retailers are already benefiting from a similar business
    process integration pack previously introduced for the Oracle
    Retail Merchandising Suite and Oracle PeopleSoft Enterprise
    Financials.
  • By integrating Oracle Retail merchandising applications
    with its best-in-class financial operation control applications, Oracle expects
    to give retailers better visibility to the challenges facing their merchandising
    and accounting managers. This includes achieving synchronization among various
    operating groups, knowing when financial postings occur and ensuring that
    supplier payments take place.
  • The retail financial control integration pack is also
    expected to help retailers maintain and extend integration environments between
    applications, eliminating the burden of costly point-to-point integrations or
    custom mapping of data attributes.
  • Wipro served as the co-development partner on the retail
    financial control integration pack.

Supporting Quotes

  • “The Oracle Retail Merchandising Integration Packs for
    Oracle Financials and PeopleSoft Enterprise Financials are part of a
    fundamental, long-term commitment to enable customers to gain greater value from
    their Oracle investment,” said Duncan Angove, General Manager and Senior Vice
    President, Oracle Retail. “We are focused on reducing complexity and making it
    easier for retailers to take advantage of opportunities for short-term value
    creation within their businesses while also helping to build long-term
    competitive advantage.”
  • “The new process integration pack for retail financial
    control is a great example of how Oracle AIA Release 2.5 further extends the
    breadth and depth of support across industries,” said Jose Lazares, Vice
    President of Application Development and Product Strategy, Oracle. “Oracle AIA
    Release 2.5 is our most extensive release yet and reinforces our unwavering
    commitment to reducing the cost of integration for our customers while also
    helping them save time and preserve valuable resources.”

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