In-Memory cost management for Oracle E-Business Suite
By Digital News Asia September 19, 2013
- Allows organisations to quickly view, analyse and visualise the impact of cost changes
- Can also perform complex what-if simulations on cost data and visualise its impact
ORACLE Corporation has unveiled Oracle In-Memory Cost Management for the Oracle E-Business Suite that it said would help organisations meet strategic cost management objectives.
In today’s global marketplace, manufacturing enterprises need cutting-edge technology to quickly process and analyse large volumes of complex cost data, Oracle said in a statement.
Expanding Oracle’s cost management solutions, Oracle In-Memory Cost Management enables organisations to quickly view, analyse and visualise the impact of cost changes. Users can perform complex what-if simulations on cost data and visualise its impact to inventory valuations and profit margins, the company said.
Organisations can also analyse data to optimise operational and working capital by creating profitable product mixes and identifying the right products to increase penetration in existing and new market segments, Oracle claimed.
“With Oracle In-Memory Cost Management, organisations can now access real-time data to accurately perform 'what-if’ scenarios and analyses, and quickly visualise its impact,” said Oracle Applications Development senior vice president Cliff Godwin (pic).
“This capability will be incredibly valuable to organisations to make faster, better decisions that impact the bottom-line and to drive their overall strategic cost management objectives,” he claimed.
To provide near real-time access to vast quantities of data, Oracle In-Memory Cost Management also includes Oracle’s Cost Impact Simulator and Gross Profit Analyzer and its Cost Comparison Tool.
Oracle’s Cost Impact Simulator and Gross Profit Analyzer enable organisations to perform a range of business functions not previously possible with the long wait times associated with batch processing of big data.
The Cost Comparison Tool allows organisations to quickly view and analyse the details of complex cost structures across multiple locations to discover hidden opportunities.
The newly launched Oracle In-Memory Cost Management is a part of Oracle In-Memory Applications. Oracle In-Memory Applications for the Oracle E-Business Suite are certified and supported only on Oracle Engineered Systems.
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