Oracle has launched three new cloud services accelerators for enterprise project portfolio management (EPPM) in the financial services, public sector, and engineering and construction industries. The purpose-built accelerators are aimed at enabling organizations to address the challenges associated with managing project, program, portfolio, and contract lifecycles in their respective industries.
According to Oracle, the new accelerators leverage the history of Oracle’s Primavera Enterprise Project Portfolio Management products with the company’s cloud expertise, to help address the challenges associated with managing project, program, portfolio, and contract lifecycles in specific industries.
“Our customers need cloud-based, specialized solutions that fit how they do business, get them up and running quickly with industry best practices, and provide the flexibility and power to change and grow with their needs,” said Mike Sicilia, senior vice president and general manager, Primavera Global Business Unit, Oracle. ”With this announcement, we are looking to the cloud as the catalyst that will enable our customers to use EPPM to transform their organizations at the speed that they demand,” said Mike Sicilia, senior vice president and general manager, Primavera Global Business Unit, Oracle.
The three new cloud services accelerators include the:
Oracle Business Process Portfolio Management Cloud Accelerator, which provides end-to-end functionalities for managing, tracking, and executing service innovation initiatives, operational projects, and process changes across the enterprise. It complements the analytics capabilities of governance, risk, and compliance applications such as Oracle Financial Services Operational Risk, creating a comprehensive change management solution for the financial services industry.
Oracle Public Infrastructure Monitoring Cloud Accelerator, which provides top-down project planning and bottom-up monitoring, to improve the effectiveness of infrastructure changes for any type of government management—from federated to centralized.
Oracle Contract Management Cloud Accelerator, which is targeted at engineering and construction business, provides organizations with preconfigured, flexible rules and processes, enabling them to quickly start managing contracts and controlling change throughout the project lifecycle with a system that allows for future business growth and expanded requirements.