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1Z0-508 exam Dumps Source : Oracle Fusion Financials 11g General Ledger Essentials
Test Code : 1Z0-508
Test Name : Oracle Fusion Financials 11g General Ledger Essentials
Vendor Name : Oracle
Q&A : 127 Real Questions
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Oracle Oracle Fusion Financials 11g
The Evangelical Christian credit score Union migrated from E-enterprise Suite to Oracle Fusion Financials. It cut fees...
but lost out on integration.
At Collaborate sixteen, Mary Furman, software manager for the Evangelical Christian credit Union (ECCU), described the method of migrating from on-premises Oracle E-enterprise Suite economic functions to Oracle Fusion Financials in the cloud. while the company succeeded in slicing prices, there are nevertheless some issues that Furman misses about working on premises.
"for those who stream to Fusion from E-enterprise Suite, or not it's now not an improve," Furman noted. "it's truly a brand new implementation." Furman discovered that Fusion runs slowly and might absorb to three minutes to reload after an replace. She said, "it be at all times slow if you are used to E-business Suite with the server on premises." She described the circulation to cloud as an "adjustment." The researching curve for the safety device has been in particular steep, she spoke of. "The security setup in E-company Suite is awfully distinctive in Fusion. i am having some difficulty gaining knowledge of security." although, Furman spoke of, "whenever anyone complains about Fusion, I say that we're saving a boatload of cash."
The stream to the cloud turned into inspired by way of the need to reduce prices throughout the financial recession of the early 2000s. The wake-up call came when ECCU had its first church foreclosures in forty years. "It looks fairly unhealthy to foreclose on a church," Furman observed.
The Brea, Calif.-primarily based credit union, which works with 1,700 ministries and 3,900 missionaries across 122 nations, began downsizing. Oracle E-business Suite came with a lot of charges, similar to licensing charge, team of workers, assist and the upkeep of the quite a few customizations the ECCU vital. So, the company spent six months thinking of the deserves of the cloud before deciding to make the jump to Oracle Fusion functions. Furman started the implementation in February 2015 with a go-are living date set for July 1, 2015. She became able to implement the assignment on time.
earlier than its stream to the cloud, the ECCU used SQL Server and Oracle company Intelligence Discoverer for reporting. The core banking software became not an Oracle product but did run on good of an Oracle database. Furman spoke of that the ECCU reached its current configuration after going over 24 diversifications of E-company Suite and Fusion, considering the have an impact on on end users, the basic integration of the device, the implementation time and the timing in the fiscal yr. The most useful condition, Furman stated, would have been to hold or even enhance the combination of the financials with HR and payroll. despite the fact, while this turned into viable, it might have taken extra time and funds than the ECCU turned into inclined to allocate. The tooling required to preserve the combination would have pushed the go-reside date back to Jan. 1, 2016, based on Furman.
in case you stream to Fusion from E-company Suite, or not it's not an improve. it be definitely a new implementation. Mary Furmanapplication supervisor, Evangelical Christian credit Union
The existing configuration replaces the financial module of Oracle E-company Suite with Oracle Fusion Financials, whereas human resources and payroll remain on premises. Furman referred to, "The draw back is, we're now not integrated anymore." To cut prices, the ECCU dropped the computerized syncing between banking and payroll and now enters the changes through hand. while Furman hasn't given up on the possibility of moving payroll to the cloud, she observed "Fusion just wasn't reasonably in a position for the payroll answer."
Furman and her group additionally bumped into problems selected to fiscal institutions. as an example, Furman pointed out Oracle E-business Suite automatically up-to-date the depreciation of the value of objects like paintings and laptops, but with the Oracle Fusion Financials, all that assistance has to be entered by means of hand. The ECCU also had to dispose of using corporate credit cards as a result of loading cost onto them with Oracle Fusion Financials proved to be challenging. Furman has also had considerations with updating facts and she or he and her team have switched to updating data most effective on an as-mandatory basis.
despite the fact, the implementation itself befell with little difficulty, Furman spoke of. "i was expecting loads of cellphone calls, but there have been no concerns. I felt just like the Maytag repair man."
› extra business e-mail characteristic Articles
September 21, 2010
Oracle broadcasts Oracle Fusion business functions
by Rajani Baburajan, TMCnet Contributor
Oracle, a issuer of enterprise utility and hardware systems, announced the subsequent era of company functions, Oracle (news - Alert) Fusion functions, which would permit purchasers to extend the price of their utility atmosphere via setting the usual for utility architecture, design and use.
in line with enterprise officials, Oracle Fusion purposes have set a new commonplace for the users to innovate, work and undertake technology.
The software gives performance for a lot of industries and geographies in financial administration, procurement and sourcing, mission and portfolio management, human capital administration, consumer relationship administration, supply chain administration, and governance possibility and compliance.
one of the crucial advantages of the software is the carrier-oriented architecture. The utility helps clients manage features throughout a heterogeneous ambiance reminiscent of dispensed order orchestration and shared features procurement.
The application presents a job-based mostly consumer experience, combining business intelligence, exception-primarily based processing, transactions and collaboration in the context of the work being carried out, the company observed.
an extra essential characteristic of Oracle Fusion applications is the embedded enterprise intelligence, through which it gives guidance to take the correct choices within the context of the work being carried out without approaching a separate BI system.
Oracle Fusion software is constructed on a basis of 100% requirements-primarily based middleware the usage of a carrier oriented strategy and a typical facts model. It advantages each the business and IT, accelerating the pace of trade and innovation whereas simultaneously lowering each short and long-term fees, the business referred to.
The simplified configuration and a standard facts mannequin enable a transformation-as soon as-alternate in every single place strategy to enterprise dashing the pace of innovation and reducing the boundaries and delays.
Oracle Fusion software elements a role-based mostly consumer experience that integrated business intelligence, exception-primarily based signals and collaboration capability delivered collectively within the context of the work being carried out, company officers said.
The software gives organizations the alternative of adopting a modular fashion and operation decisions and to scale up and down depending upon the alterations within the company wants.
Oracle Fusion applications give a collection of deployment options reminiscent of on premise, inner most clouds, public clouds, and company technique outsourcing or a mix of these.
purchasers adopt Oracle Fusion utility to practice a modular fashion and to co– exist with the existing purposes.
lately Oracle also announced Oracle WebLogic Server 11g, a element of Oracle Fusion Middleware, working Oracle Linux on a HP ProLiant DL980 G7 server, in conjunction with Oracle Database 11g, finished a global checklist single-node outcomes with the SPECjAppServer2004 industry average benchmark.
Rajani Baburajan is a contributing editor for TMCnet. To read extra of Rajani's articles, please visit her columnist page.› extra Unified Communications function Articles
today, Oracle has launched its quarterly patch update for July 2018. It fixes a record variety of 334 vulnerabilities.
The main highlights are as follows:
The commonplace number of safety concerns launched every quarter maintains growing this 12 months.
CPU for July consists of 203 vulnerabilities in enterprise-crucial functions. It’s 61 p.c of vulnerabilities found in Oracle items.
the most prone utility is Oracle financial functions applications, totaling 56. The criticality of issues is also alarming on the grounds that 21 of them will also be exploited over the network without coming into person credentials.
This CPU consists of 61 vulnerabilities assessed at critical (CVSS base rating 9.0-10.0). the most serious vulnerabilities of the current CPU with a CVSS score of 9.8 are in dissimilar Oracle’s items, together with economic capabilities, Fusion Middleware, PeopleSoft, EBS, Retail functions, and so forth.
Two of probably the most extreme vulnerabilities have been identified through ERPScan researchers within the Oracle Fusion Middleware (CVE-2018-2894 and CVE-2018-2943).
Oracle fixed 17 vulnerabilities that were discovered by way of ERPScan researchers however decided now not to mention ERPScan’s contribution and didn't give a credit since ERPScan had been put on a Treasury sanctions record.
analysis of Oracle crucial Patch replace for July 2018
ERPScan research and protection Intelligence groups give an evaluation of the vulnerabilities closed through this crucial Patch update.
This quarter’s CPU for July 2018 contains more protection patches than the outdated CPU for April 2018 (see a bar chart).
The graph above shows that the seller released yet one more listing-breaking batch of patches. it's protected to claim that there is a relentless style of transforming into set of Oracle CPU. The normal number of protection patches has tripled in the ultimate four years (from 113 to 334).
Oracle Vulnerabilities with the aid of application type
The patch updates touch a big range of items. The affected product families are shown in a table and sorted in descending order of the closed concerns.
Product circle of relativesNumber of patches
fiscal functions purposes
solar techniques products Suite
commercial enterprise supervisor products Suite
construction and Engineering Suite
JD Edwards products
give Chain products Suite
As seen from the table and illustrated in a pie chart, economic functions functions lead by using the variety of the closed issues. The vulnerabilities in Fusion Middleware maintain raising and their number is ranked 2nd in July’s CPU.
Vulnerabilities in Oracle’s business-crucial applications
The fact that Oracle has 110,000 applications purchasers from the wide range of industries, makes it of the utmost magnitude to practice the released safety patches.
This quarter’s CPU consists of 203 patches for vulnerabilities affecting a scope of the most important enterprise functions from Oracle, specifically, PeopleSoft, E-business Suite, Fusion Middleware, Retail, JD Edwards, Siebel CRM, economic features, Hospitality functions, supply Chain.
About 65 % of them can be exploited remotely devoid of entering credentials.
Oracle PeopleSoft protection
Oracle PeopleSoft is an utility suite of company and business options, comparable to PeopleSoft Human Capital administration, fiscal management, enterprise Relationship management, business functions Automation, and provide Chain administration. because it manages a wide range of business techniques and shops key data, a successful assault against PeopleSoft enables an attacker to steal or manipulate distinctive company important guidance, reckoning on modules installed in a company.
This important patch update incorporates 15 fixes for Oracle PeopleSoft with the maximum CVSS score of 9.8.
Oracle E-business Suite protection
Oracle E-company Suite (EBS) is the main enterprise utility developed by using Oracle. because it manages a wide range of company methods and outlets key records, a successful attack in opposition t Oracle EBS enables an attacker to steal and manipulate diverse enterprise vital assistance, counting on modules put in in a firm.
This critical patch update includes 14 fixes for Oracle EBS. The highest CVSS ranking is eight.2.
Oracle Vulnerabilities identified through ERPScan research crew
This quarter, 17 vital vulnerabilities found by means of ERPScan researchers had been closed.
The details of the recognized concerns are supplied under:
faraway command execution in Oracle MapViewer the use of JerseyFileUpload (CVSS base rating 9.eight, CVE-2018-2943). listing traversal vulnerability allows for an attacker to add some jsp file in the apps folder and execute commands (amplify privileges).
missing Authorization check-in JD Edwards EnterpriseOne for SupportAssistant component (CVSS base ranking 7.5, CVE-2018-2944). SupportAssistant component in JD Edwards EnterpriseOne does not operate necessary authorization assessments for crucial characteristic, leading to the escalation of privileges. An attacker can send GET request [http://host:port/jde/servlet/com.jdedwards.supportassistant.SupportAssistant]] and get hold of all feasible strategies. afterward, the attacker can use these strategies via post request in “xml” parameter, to get, as an instance, any file on the file gadget.
Anon XXE in Oracle Weblogic portalTools (CVSS base rating of 5.3, CVE-2018-3101). XXE vulnerabilities permit studying information from the server or launch a DoS assault.
JSP file importing privileges escalation in Oracle Middleware 12.2.1.three.0 (CVSS base rating 9.8, CVE-2018-2894). the usage of JSP file uploading an attacker can add some JSP file within the apps folder and execute definite instructions (amplify privileges).
pass-web page Scripting (XSS) vulnerability in JDE URLBuilderService (CVSS base ranking of 6.1, CVE-2018-2945). Attackers can use a different HTTP request and hijack session statistics of administrators of the web resource.
numerous move-website Scripting (XSS) vulnerabilities in JDE GraphPrototype maflet (CVSS base score 6.1, CVE-2018-2946). Attackers can use a unique HTTP request and hijack session data of administrators of the net useful resource.
listing traversal in JDE FileDownloader maflet (CVSS base score 6.5, CVE-2018-2947). This security vulnerability allows attackers to traverse the file gadget to entry files that are backyard of the constrained listing.
move-web page Scripting (XSS) vulnerability in JDE MMDGView maflet (CVSS base score 6.1, CVE-2018-2948). Attackers can use a distinct HTTP request and hijack session records of directors of the web useful resource.
cross-site Scripting (XSS) vulnerability in JDE TEDocWindow maflet (CVSS base score 6.1, CVE-2018-2949). Attackers can use a unique HTTP request and hijack session information of directors of the web aid.
cross-web page Scripting (XSS) vulnerability in JDE TETaskProperties maflet (CVSS base rating 6.1, CVE-2018-2950). Attackers can use a distinct HTTP request and hijack session information of administrators of the web resource.
Anon SQL injection in Oracle business technique administration (CVSS base ranking of 9.1, CVE-2018-3100). With the aid of SQL injection vulnerabilities, an attacker extracts tips from the native database the usage of insecure SQL requests.
File add/down load Vulnerability in Integration Gateway – SimpleFileTargetConnector (CVSS base rating 7.four, CVE-2018-2990). Default password in integrationGateway.houses ig.fileconnector.password=EncryptedPassword makes it possible for an attacker to add and down load arbitrary files from PeopleSoft web server and profit full handle of the PeopleSoft internet server.
directory traversal the usage of zip in Oracle SOA Suite for Healthcare Integration (CVSS base score four.3, CVE-2018-3105). With the aid of listing traversal vulnerabilities, an attacker uploads JSP file and receives a webshell.
cross-web page Scripting (XSS) vulnerability in JDE ShortcutLauncher maflet (CVSS base score 6.1, CVE-2018-2999). Attackers can use a different HTTP request and hijack session information of directors of the net resource.
cross-website Scripting (XSS) vulnerability in JDE dtadebugger maflet (CVSS base rating 6.1, CVE-2018-3006). Attackers can use a unique HTTP request and hijack session facts of administrators of the web useful resource.
CVE-2017-10269 vulnerability affecting the Jolt Protocol become now not accurately patched and nonetheless exists (CVSS base score eight.6, CVE-2018-3007). This vulnerability makes it possible for faraway attackers to show interior reminiscence of JSH approaches. It results in exposing critical suggestions similar to password, tokens, etc.
PeopleSoft server-side template injection by means of arbitrary HTML file creation in ‘PSIGW/PeopleSoftListeningConnector/’ (CVSS base ranking 5.4, CVE-2018-3016). Attackers can create arbitrary HTML files with managed content material in server-aspect via submit request to PSIGW/PeopleSoftListeningConnector/.
nevertheless, Oracle determined not to point out ERPScan’s contribution and did not provide a credit score on account that ERPScan were placed on a Treasury sanctions list.
probably the most critical Oracle Vulnerabilities Closed via CPU for July 2018
Oracle prepares risk Matrices and linked documentation describing the situations that are required to take advantage of a vulnerability and the potential have an impact on of a a success assault. The severity of the vulnerabilities is calculated via the normal Vulnerability Scoring system (CVSS ). This goals to assist Oracle customers to repair essentially the most important considerations first.
the most important concerns closed by using the CPU are as follows
Oracle Spatial (jackson-databind) has CVE-2017-15095 (CVSS Base rating: 9.eight) – Vulnerability within the Oracle Spatial (jackson-databind) component of Oracle Database Server. Supported types which are affected are 188.8.131.52 and 18.1. An conveniently exploitable vulnerability enables an unauthenticated attacker with network access by the use of dissimilar protocols to compromise Oracle Spatial (jackson-databind). a hit assaults of this vulnerability can lead to a takeover of Oracle Spatial (jackson-databind).
Oracle world Lifecycle management OPatchAuto part CVE-2018-7489 (CVSS Base score: 9.8) – Vulnerability within the Oracle world Lifecycle management OPatchAuto component of Oracle international Lifecycle administration (subcomponent: DB specific extensions (jackson-databind)). The supported edition it's affected is All. An effortlessly exploitable vulnerability enables an unauthenticated attacker with community entry by way of diverse protocols to compromise Oracle global Lifecycle management OPatchAuto. a success assaults of this vulnerability can lead to a takeover of Oracle global Lifecycle management OPatchAuto.
Oracle Fusion Middleware MapViewer has CVE-2018-2943 (CVSS Base rating: 9.8) – Vulnerability in the Oracle Fusion Middleware MapViewer element of Oracle Fusion Middleware (subcomponent: Map Builder). Supported models that are affected are 184.108.40.206.0 and 12.2.1.three.0. An effortlessly exploitable vulnerability enables an unauthenticated attacker with community entry by way of HTTP to compromise Oracle Fusion Middleware MapViewer. a success assaults of this vulnerability can result in a takeover of Oracle Fusion Middleware MapViewer.
Oracle WebLogic Server has CVE-2018-2894 (CVSS Base rating: 9.eight) – Vulnerability in the Oracle WebLogic Server part of Oracle Fusion Middleware (subcomponent: WLS – web capabilities). Supported types which are affected are 10.3.6.0, 12.1.three.0, 220.127.116.11 and 12.2.1.three. An without problems exploitable vulnerability allows an unauthenticated attacker with community entry via HTTP to compromise Oracle WebLogic Server. a hit attacks of this vulnerability can lead to a takeover of Oracle WebLogic Server.
PeopleSoft enterprise FIN install has CVE-2017-5645 (CVSS Base score: 9.eight) – Vulnerability in the PeopleSoft enterprise FIN set up element of Oracle PeopleSoft products (subcomponent: security (Apache Log4j)). The supported edition it's affected is 9.2. An effortlessly exploitable vulnerability allows for an unauthenticated attacker with network entry by way of HTTP to compromise PeopleSoft business FIN install. a success assaults of this vulnerability can result in a takeover of PeopleSoft business FIN install.
Securing Oracle purposes
it's totally informed that organizations patch all these vulnerabilities to keep away from company hazards affecting their techniques. companies offering Oracle protection assessment and Oracle Penetration testing features may still encompass these vulnerabilities of their checklists.
protection ,oracle ,vulnerabilities ,oracle purposes ,erpscan
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Oracle Fusion Financials 11g General Ledger Essentials
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Accounting and Financial Software
Shared customers will benefit from increased scalability, manageability and Security of their mission-critical systems
NEW YORK CITY, July 11 / -- 170 Systems today announced that it will offer its flagship product line, the 170 MarkView Financial Suite, based on Oracle® Database 11g. The new performance, scalability, manageability and application development features in Oracle Database 11g will enhance 170 MarkView Financial Suite's performance and value for its Global 2000 customer base.
One of the earliest Certified Advantage Partners in the Oracle PartnerNetwork, 170 Systems has deployed the 170 MarkView Financial Suite in the world's largest companies to optimize and manage their financial processes. The 170 MarkView Financial Suite, which is integrated with the Oracle Database and Oracle Fusion Middleware, will extend Oracle Database 11g's new benefits to its users.
"Our customers collectively process well over $100 billion in critical financial transactions annually with the 170 MarkView Financial Suite and need a secure and reliable database platform that can adapt and scale quickly to support their growing and changing organizations. The Oracle Database 11g will further enhance these areas for our customers, while helping to reduce the time, effort and cost of maintaining their information systems," said Karl Buttner, Chairman and Chief Technology Officer of 170 Systems. "170 Systems is very pleased to have worked closely with Oracle as part of the Oracle Database 11g Beta program," Buttner added.
"We were delighted that 170 Systems participated in the Oracle Database 11g Beta Program," said Willie Hardie, vice president of Database Product Marketing at Oracle. "Oracle Database 11g delivers a wide range of new development and management features that will help partners like 170 Systems offer customers faster performance and more scalability from their application solutions."
About Oracle Database 11gOracle Database is the only database designed for grid computing. With the release of Oracle Database 11g, Oracle is making the management of enterprise information easier than ever, enabling customers to know more about their business and innovate more quickly. Oracle Database 11g delivers superior performance, scalability, availability, security and ease of management on a low-cost grid of industry standard storage and servers. Oracle Database 11g is designed to be effectively deployed on everything from small blade servers to the biggest SMP servers and clusters of all sizes. It features automated management capabilities for easy, cost-effective operation. Oracle Database 11g's unique ability to manage all data from traditional business information to XML and 3D spatial information makes it the ideal choice to power transaction processing, data warehousing, and content management applications.
About Oracle PartnerNetworkOracle PartnerNetwork is a global business network of more than 19,500 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner levels. Partners who are able to demonstrate the highest level of product knowledge, technical expertise and a commitment to business with Oracle qualify for the Oracle Certified Advantage Partner level. These partners receive a higher level of service, support, training and certification from Oracle. http://partner.oracle.com/
About 170 Systems170 Systems is the proven leader in software solutions that manage and optimize financial processes for the world's largest companies. With over 40 percent of its customers in the Global 2000, 170 Systems' software embeds best practices in the end-to-end automation of financial processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, improve service levels and maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems and is operational in more than 40 countries worldwide.
For more information about 170 Systems, please call 781.743.1900 (North America), +44 0208 610 6009 (other regions) or visit www.170systems.com.
FCMN Contact: email@example.com
Source: 170 Systems
CONTACT:Allison Parker of 170 Systems, +1-781-743-1991, aparker@170Systems.com
Web site: www.170systems.com/http://partner.oracle.com/
Thomas Industry Update
Business Intelligence | News
Cal State Adds BI to Cross-Institutional Data Warehouse Project
By Dian Schaffhauser
The California State University system recently deployed Oracle's Business Intelligence (BI) Enterprise Edition on three of its 23 campuses as part of an ambitious cross-institutional project called the "Common Financial System Reporting and Data Warehouse."
Cal State's initiative is intended to deliver reporting and analytic capabilities through a centrally maintained, enterprise-wide financial reporting environment and data warehouse. A goal is also to allow individual campuses to maintain reporting flexibility for their own purposes.
The latest installation combines the BI capabilities with a previous deployment of Oracle PeopleSoft Enterprise Financial Management 9.0. The project is expected to last through July 2011. Current deliverables, according to a draft report published by Cal State in May, focus on general ledger data and reporting. Additional capabilities will be rolled out on a quarterly basis, with priorities set by a governance committee made up of representatives from a number of functional areas and institutions.
"Considering the tough economic climate for higher education institutions throughout the country, it is critical for universities to gather business-critical information in a concise and efficient manner to ensure they are making optimal financial decisions," said Jessie Lum, senior director for the common management system in the chancellor's office. "Oracle's solutions will provide CSU with the relevant and timely information it needs to develop effective short and long-term strategies for the university."
Several other institutions are also deploying Oracle systems, including Texas A&M University, Washington State University, and the University of Massachusetts system.
U Massachusetts is using Oracle's BI application in an upgrade of the five-campus institution's human resources system. The deployment will incorporate HR data into executive-style dashboards. The dashboards will pull data from the university's PeopleSoft applications to support areas ranging from grants management to enrollment management. For example, the university's first set of dashboards provides role-based access for research grant data, enabling users such as administrators and principal investigators to track grant spending across the duration of the grant, alerting them if they're tracking over or under budget thresholds.
The enterprise reporting program "provides users at all levels of the university easy access to financial information in a comprehensive format," said Jacqui Watrous, director of administrative systems for administration and finance. "We are creating dashboards that summarize our data, giving administrators the ability to see trends and details that help them efficiently manage operations."
Washington State in Pullman is working with Oracle consultants to update its student data systems. This set of applications, many of which are 30 to 40 years old, maintains basic university functions including admissions, registration, financial aid, student records, and collection of tuition. Replacement of the "crippled" systems is urgent, according to the institution. In August 2009 Web programs that provide several of these student functions failed during registration and were unavailable for four days.
The upgrade project was scheduled to begin in July 2010 with completion slated for October 2012. The project received $15 million in emergency funding from the state legislature.
The new deployment will combine PeopleSoft Enterprise Campus Solutions with Oracle Database Enterprise Edition. The university system will also use Oracle's BI suite and Campus Fusion Intelligence to deliver information about student data via dashboard. Washington State opted to have the new programs hosted by Oracle.
"By using Oracle On Demand to host our student solution, we will be able to minimize risk and maintenance efforts as well as deliver the project on time," said Viji Murali, CIO and vice president for information services.
At Texas A&M, the Texas Engineering Experiment Station (TEES) has deployed Oracle software to help track and manage research activities. The installation includes Database 11g and several components of Fusion Middleware, including WebCenter Suite 11g and Universal Content Management. TEES has developed the platform and hosts it in a shared services model for other agencies and institutions within the A&M system.
The software is enabling researchers to customize their individual portals and communicate with internal and external visitors through wikis and blogs. As adoption by researchers continues, TEES will roll out additional social computing tools included in WebCenter, such as workspaces, presence awareness, tagging, and a business networking tool.
"Managing information and research projects across a number of different institutions was becoming a very costly, complex and time consuming process," said Leonarda Horvat, CIO and director of Information Systems at TEES. "To streamline this process and empower our researchers with a more dynamic and flexible user interface, we decided to deploy Oracle [products]. As a result, we have not only simplified information access, but also improved collaboration."
Dian Schaffhauser is a senior contributing editor for 1105 Media's education publications THE Journal and Campus Technology. She can be reached at firstname.lastname@example.org or on Twitter @schaffhauser.
REDWOOD SHORES, Calif., June 26, 2017 /PRNewswire/ -- Oracle (NYSE: ORCL) announced today that Bank of America (NYSE: BAC) has selected Oracle's cloud-based ERP and financial applications for both its international general ledger and its broker-dealer systems. Oracle is the world leader in Cloud ERP systems. The company now has more than five thousand Fusion Financial cloud applications customers installed worldwide.
"Bank of America is among the most sophisticated applications customers in the world," said Mark Hurd, CEO, Oracle. "Companies in record numbers are migrating legacy ERP applications to Oracle ERP Cloud. Oracle will deliver Bank of America the most modern, complete, global ERP applications in the world."
"Our continued focus on technology modernization has positioned Bank of America as a contemporary technology company," said Cathy Bessant, Chief Operations and Technology Officer. "Our agreement with Oracle is about our technology and culture; we'll learn with and from each other to deliver the best solutions. We anticipate 80 percent of our technology workloads will be delivered on the cloud within the next few years, and this solution for general ledger reflects our evolving strategy and the improvements in cloud security and economics."
About Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,600 retail financial centers, approximately 15,900 ATMs, and award-winning digital banking with approximately 35 million active users and more than 22 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
About OracleThe 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.
TrademarkOracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bank-of-america-selects-oracle-cloud-for-erp-and-financials-300479594.html
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