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Tuesday, October 03, 2006

Oracle Delivers PeopleSoft Enterprise Financial Management 9

REDWOOD SHORES, Calif., Oct. 3 /PRNewswire-FirstCall/ -- Oracle(Nasdaq: ORCL) today announced the general availability of Oracle'sPeopleSoft Enterprise Financial Management 9, which features enhancements to core financial accounting, asset lifecycle management and enterprises ervice automation applications. Additionally, new features will be introduced in PeopleSoft Enterprise Internal Controls Enforcer, a keyproduct designed to enable users to automate and enforce internal controls required under Section 404 of Sarbanes-Oxley. These features include enhanced reporting capabilities and enhanced software license tracking to reduce audit risk and penalties. These releases are yet another example of Oracle providing enhancements to its current application products under its"Applications Unlimited" initiative.

Oracle's PeopleSoft Enterprise Financial Management and PeopleSoft Internal Controls Enforcer help companies gain visibility into business-critical information, strengthen financial discipline, manage governance and compliance requirements, implement project management practices and realize efficiencies by automating and standardizing key business processes. The latest release has been enhanced to extend the value of current PeopleSoft investments using next generation technologies, deliver best-in-class business processes and drive a superior ownership experience.

Oracle's PeopleSoft Enterprise Financial Management 9 includes new capabilities enabled by innovative technologies -- including an expansion of Web services, integration with Oracle Fusion Middleware including Oracle Business Process Execution Language (BPEL) Process Manager, and Oracle XML Publisher -- to help customers maximize existing software investments.

In the latest release, Oracle continues to deliver comprehensive support for all financial, project management, asset lifecycle management business processes, as well as new functionality for the staffing industry.

New enhancements have been made in the following areas:

-- Compliance -- Expanded support for International Financial ReportingStandards (IFRS), functionality for Partial 224 Incremental Requirementsfor federal government customers and enhanced reporting capabilities,including extensive reports, facilitate financial statement certification and external auditor assessment.

-- Grants Management -- PeopleSoft Enterprise Financial Management 9 includes out-of-the-box integration with http://www.grants.gov for organizationsto obtain and view their opportunities list, preview grant applicationsonline, electronically submit applications via XML-based Web services,review submitted applications and check application status.

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