Feb 4, 2014 (Tue): Oracle Corporation, the industry’s leading enterprise ICT service provider, today announces the general availability of two new Oracle In-Memory Applications for Oracle’s PeopleSoft: Oracle’s PeopleSoft In-Memory Financial Position Analyzer and Oracle’s PeopleSoft Financial Allocations Analyzer.
Optimized from the ground up to take full advantage of the processing capabilities of Oracle Engineered Systems, these new applications enable real-time simulations designed to help organizations drive business performance through faster, more strategic decision making.
Paco Aubrejuan, senior vice president and general manager, Oracle’s PeopleSoft said, “This solution leverages real time production data to simulate, analyze and deploy business strategies, helping companies to eliminate the historical latency and accuracy issues that constantly challenge the office of finance.”
“With the capabilities offered by the new Oracle’s PeopleSoft In-Memory Applications, CFOs and finance executives can vastly improve their ability to make strategic decisions early in the financial period. This insight can help organizations increase their profits, avoid obstacles and improve their return on assets.”
Using simulation analysis and comparisons, organizations can discover business growth opportunities and capitalize on them, can reduce potential cost risk and take corrective action during the financial period.
In addition, with an intuitive interface and powerful processing throughput, the applications enable users to process data, conduct analysis and compare financial results faster, enabling them to make quicker and smarter decisions that can positively impact their organization’s bottom line.