Oracle Unveils Business Process Integration to Help Retailers Improve Financial Control of the Merchandising Lifecycle
Thursday, 25th February, 2010
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
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.