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Wednesday, January 11, 2006

Oracle Announces New Releases of Oracle(R) Internal Controls Manager and Oracle Financial Consolidation Hub: Financial News - Yahoo! Finance

"Customers Can Gain Greater Financial Compliance Insight With Unified Financial Reporting, Compliance Management and Assurance Analytics

REDWOOD SHORES, Calif, Jan. 11 /PRNewswire-FirstCall/ -- Oracle (Nasdaq: ORCL - News) today announced the latest releases of Oracle Internal Controls Manager and Oracle Financial Consolidation Hub, part of the Oracle E-Business Suite. The new versions will help to ensure the quality and transparency of financial information across the enterprise by integrating the preparation of financial statements with the periodic evaluation of a company's internal controls.

In the latest release, Oracle Financial Consolidation Hub introduces full integration with Oracle Internal Controls Manager to converge financial reporting and compliance certification processes. Oracle's corporate performance and compliance management applications are built on a single analytic platform, which provides the framework necessary for consistent processes and certification across disparate source systems. The single data model delivers greater visibility and helps increase confidence in financial results by presenting consolidated global financial results with related risks and mitigations."

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