Oracle Launches New In-Memory Cost Management App for E-Business Suite

Expanding its cost management solutions, Oracle has announced the general availability of a new suite of Oracle In-Memory Applications for the Oracle E-Business Suite. Taking advantage of Oracle Engineered Systems, including Oracle Exadata Database Machine and Oracle Exalytics In-Memory Machine, which can manage the large and complex data sets central to in-memory applications, the new Oracle In-Memory Cost Management application is designed to deliver near real-time insight into cost management, to help organizations to maximize gross margins and profits and improve product cost structures by optimizing component costs.

Oracle In-Memory Cost Management is designed to enable organizations to view, analyze and visualize the impact of cost changes, allowing users to perform complex what-if simulations on cost data and visualize its impact to inventory valuations and profit margins. According to Oracle, with In-Memory Cost Management, organizations can also analyze data to optimize operational and working capital by creating profitable product mixes and identifying the right products to increase penetration in existing and new market segments.

“In today’s global marketplace, manufacturing enterprises need cutting-edge technology to quickly process and analyze large volumes of complex cost data,” said Cliff Godwin, senior vice president, Oracle Applications Development. “With Oracle In-Memory Cost Management, organizations can now access real-time data to accurately perform 'what-if’ scenarios and analyses, and quickly visualize its impact. This capability will be incredibly valuable to organizations to make faster, better decisions that impact the bottom-line and to drive their overall strategic cost management objectives."

Oracle In-Memory Applications for the Oracle E-Business Suite are certified and supported only on Oracle Engineered Systems. More information is available about Oracle In-Memory Cost Management.