Leading Research Firm Ranks Oracle as Leader in Integrated Risk and Finance Management Solutions
Oracle Financial Services Analytical Applications Enable Finance and Risk Transformation for Leading Financial Institutions
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/07/12 -- ORACLE FINANCIAL SERVICES & INSURANCE FORUM -- Oracle (NASDAQ: ORCL)
Chartis Research's "" report ranks Oracle as a market leader for integrated risk and finance management solutions based on solution completeness and market potential.
According to the report, lead the industry for solution completeness and the suite ranks as one of two leaders in market potential.
The analyst firm evaluated 12 vendors on their ability to integrate risk and finance systems, using key functional requirements based on Chartis' analysis of industry best practices.
Chartis evaluated solution architecture, and data model and reporting capabilities, as well as finance and risk-specific functionality, such as accounting and finance, asset and liability management, credit, market, operational, capital, and liquidity risk management, and anti-money laundering (AML) capabilities. It also assessed market potential for vendor solutions.
Oracle Financial Services Analytical Applications provide a unified infrastructure with comprehensive analytical solutions that enable financial institutions to measure and meet risk-adjusted performance objectives, cultivate a risk management culture through transparency, lower the costs of compliance and regulation, and improve insight into customer behavior.
"The new financial landscape demands that financial services organizations have an integrated, enterprise-wide, and timely view of their risk potential and financial health to comply with increasingly complex industry regulations, protect their institutional reputation, and ensure risk adjusted performance," said S. Ramakrishnan, group vice president and general manager, Oracle Financial Services Analytical Applications. "Oracle Financial Services Analytical applications are purpose-built to enable integrated risk and finance management, and our leadership in Chartis' report is testament to our successful execution on this vision."
"The benefits of integrating risk management and finance functions have become all too apparent in the post-financial crisis era," said Peyman Mestchian, managing partner at Chartis Research. "Having an integrated single source environment allows organizations to take advantage of the common ground that already exists between risk and finance data. The growing levels and types of regulation are forcing organizations to look for solutions that provide an enterprise-wide perspective of risk, finance, accounting, compliance and performance management."
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ: ORCL), visit .
Oracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to financial services, helping speed time to market, reduce costs, and gain a competitive edge.
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Caroline Vespi
Oracle
+1.650.506.8920
Mary Tobin
O'Keeffe & Company
+1.503.658.7396
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Datum: 07.02.2012 - 13:00 Uhr
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