MOVIES

REDWOOD SHORES, Calif. -- Oracle Corp., the world's largest enterprise software company, announced that in a recent benchmark Oracle(R) General Ledger, a component of the Oracle Financials suite, demonstrated high performance and scalability, a requirement for today's finance professionals looking to obtain rapid visibility into their organizations' financial performance. The benchmark results showed that Oracle General Ledger 11i running on Oracle9i Database Release 2 on a single Sun Fire E6800 Ultra Sparc III server.(1) The benchmark was run on a ledger with 1.3 million account combinations and 1.4 million individual account balances stored. The scalability and speed of financials applications has become a critical issue to organizations faced with increasing pressure to provide high levels of visibility into their corporate performance. Historically, companies have stored financial information in multiple instances of financial applications because the applications were unable to scale to meet performance needs of large, multi-national organizations. This drives up both technology acquisition and maintenance costs, and fragments enterprise information, reducing visibility into key business performance metrics, and resulting in the need for more time to close the books. Furthermore, regulatory changes, like the Sarbanes-Oxley Act in the United States, require businesses to provide better transparency and file financial reports in shorter periods of time, which can be difficult and expensive for companies that have highly fragmented information. To combat this, many companies are moving to a global single instance of financial applications to enable the accounting practices for an entire company to be processed with one accounting system. This can reduce the time it takes to close the books each quarter, eliminate redundant data entry and make it easier to access real time information an organization's performance. This benchmark helps demonstrate that Oracle General Ledger's industry-leading performance makes it an ideal ledger for such a single instance environment. Its high-performing import and post processes -- enabling the application to accept transaction feeds from external systems, validate them, create postable journal entries to reflect their accounting impact and posts the journal entries to update the appropriate account balances -- lets companies complete their day-end and period-end processing quickly so they are ready to look ahead rather than focus on what's already happened. "By offering companies superior performance levels, Oracle Financials help ensure that business information is continually current," said Steve Miranda, vice-president of Applications Development at Oracle Corp. "Customers can analyze their results in real-time, identify areas of concern or strategic opportunities immediately, and respond appropriately."