Oracle Corp. has added more firepower for chief financial officers using its PeopleSoft Financials suites.
The company said Thursday that it is adding two new applications make faster decisions in part through in-memory database processing that enable realtime simulations. The new apps are
–PeopleSoft In-Memory Financial Position Analyzer. Oracle said it lets organizations compare scenarios to establish which is most beneficial to meet a need based on allocation rules, balances and third party data. As a result companies can automatically deploy new allocations business rules from selected scenarios.
–PeopleSoft Financial Allocations Analyzer. Oracle said it enables organizations to model the impact of material activity through ‘what if’ scenarios and analyze results on more granular levels. It take guesswork out of the equation by empowering CFOs to make better decisions based on real-time trial balance, pro-forma financial statements and P&L positions by business, region and product, among other criteria, the company 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,” Paco Aubrejuan, senior vice president and general manager of PeopleSoft, said in a statement.
“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.”
This week it also announced new applications from DocuSign and Badgevill for the Oracle Cloud Marketplace, its platform as a service (Paas) offering.
DocuSign, which makes eSignature transaction management solutions, has listed its eSignature application, which is an extension to the Oracle Sales Cloud.
Badgeville, whose gamification technology is used by organizations for customer loyalty and employee performance, has listed its Behavior Platform for Oracle Sales Cloud on the Oracle Cloud Marketplace.
Oracle [Nasdaq: ORCL] said Cloud Marketplace gives its 25,000 partners a cloud applications distribution channel to market and sell innovative solutions directly to Oracle’s 390,000 customers.
“We wanted a platform that allows for configuring once and deploying to multiple devices such as desktop and mobile. Oracle Cloud PaaS and the Oracle Cloud Marketplace delivered exactly what we needed.” Neil Hudspith, Docusign’s chief revenue officer said in a statement. “Extending the Oracle Sales Cloud helps our customers quickly and easily access sales contracts and securely DocuSign them to close deals – anytime, anywhere.”
Big Data Opens the Door for Prescriptive Analytics
Making customer-level decisions that balance risk and profit just keeps getting harder. And when you think you have it right, turning them into actions can be even trickier. You also need to consider the factors that make smart decisions difficult. Big data. Regulations. Customers who want an offer, fast, or else you’re going to lose them. No doubt some of these challenges sound familiar. And this is where prescriptive analytics represents the next step in the analytic journey.