Oracle has announced general availability of the Oracle E-Business Suite Release 12.1.
Addressing the importance to customers of achieving rapid return on their IT investment, as well as the need to standardize processes globally throughout the enterprise, Oracle E-Business Suite Release 12.1 provides organizations with options so they can choose the focus that makes the most sense for them strategically. With the new release, Oracle takes a three-pronged approach, offering stand-alone solutions, new features in the global enterprise platform, as well as industry-specific solutions.
Examples of stand-alone solutions that complement existing Oracle E-Business Suite 11i or Release 12 environments include new value chain planning solutions for Supply Chain Management, Oracle Sourcing On Demand, Oracle Incentive Compensation and Oracle Warehouse Management. In addition, the Oracle E-Business Suite Release 12.1 delivers integrated analytics from Oracle Business Intelligence Applications, which are prebuilt intelligence solutions for Oracle and non-Oracle applications that provide insight into key business processes.
Additionally, Cliff Godwin, senior vice president, Oracle Applications, tells 5 Minute Briefing, while Release 12 was focused primarily on the Financials area, 12.1 enhances functionality in all areas outside Financials so a customer looking at 12.1 from 11i will find value in all the application areas. "It will make a more compelling upgrade value proposition for those people who are in a position to do an upgrade project or who are freshly implementing the software," Godwin notes, pointing out that in this economy, people can't afford to have duplicate systems. "The E-Business Suite, at the 12.1 level, because it has functional advances in all areas, and is designed to work as an integrated platform, can be a good destination for people who need to standardize and simplify their IT landscape."
And finally, Oracle E-Business Suite Release 12.1 also features industry-specific features and solutions that help drive greater value across the enterprise. Industries with significant new functionality advancements include Wholesale Distribution, Public Sector, High Technology, Engineering & Construction, Life Sciences, Retail, Professional Services, Communications, Consumer Goods and Utilities.
"We think that there is value in continuing to meet the needs of people with industry-specific problems; to focus on the needs of people to consolidate a heterogeneous landscape and simplify it; and on people who basically need to figure out how to do small-scope, rapid time-to-value types of projects. We have focused on trying to respond to all those needs that we see in the market," states Godwin. For complete details, go here.