Oracle introduces software for e-business exchanges

24 Nov 99 (Manila Bulletin) - Oracle Corporation has unveiled its e-business integration solution software that will accelerate the adoption of online exchanges between customers and trading partners. The e-business integration solution enables integration of Web storefronts and Customer Relationship Management (CRM) applications with established back-office Enterprise Resource Management (ERP) applications.

24 Nov 99 (Manila Bulletin) - Oracle Corporation has unveiled its e-business integration solution software that will accelerate the adoption of online exchanges between customers and trading partners. The e-business integration solution enables integration of Web storefronts and Customer Relationship Management (CRM) applications with established back-office Enterprise Resource Management (ERP) applications.

"The Internet is rapidly moving all business transactions to online marketplaces or exchanges," said Mark Jarvis, Oracle's senior vice president for worldwide marketing. "Oracle's Integration Server software goes beyond traditional Enterprise Application Integration (EAI), providing the infrastructure to reliably handle billions of transactions between businesses across the Internet. Once again, Oracle is providing the software that powers the Internet."

An integrated IT infrastructure is imperative when a company expands beyond its own network to participate in e-business opportunities. It is equally important for a company to streamline operations to reduce costs, increase efficiency, and raise operational flexibility. Increased levels of integration will also enable companies to use business intelligence tools and techniques to fine-tune operations, implement targeted marketing campaigns and pro-actively optimize exchanges with trading partners.

Oracle's product offering for e-business integration include an XML standards-based integration server, which connects business processes and applications within and between e-businesses on all levels.

In conjunction with the product availability, Oracle Consulting will deliver new e-business integration services and an e-business Integration Framework (EIF), supported by thousands of consultation and implementation specialists worldwide. Based on the industry-leading Oracle Internet Platform and in-depth consulting experience, the new services from Oracle Consulting will help Fortune 1000 companies easily integrate new Web-based applications with legacy systems while yielding an infrastructure to quickly process, analyze and utilize data across dozens of applications to improve e-business efficiency and obtain better information.

"As the leading e-commerce exchange for the high tech manufacturing supply chain, our Ecnet.com platform must offer a seamless and mission critical link between our global customers and their trading partners," said T.K. Wong, chairman and CEO of Advanced Manufacturing Online. "We selected Oracle's e-business infrastructure for our Ecnet.commarketplace because Oracle understands the challenges of e-business."

"The Chicago Mercantile Exchange (CME) trades futures and options on agricultural commodities, foreign currencies, interest rates and stock indices. By leveraging Oracle's e-business solution our CME brokers and clerks are able to perform and process trades more effectively, consistently and securely," said Dave Dugan, senior vice president of trading floor development, The Chicago Mercantile Exchange. "Through its commitment to e-business integration, Oracle is helping us realize our fundamental goal of providing better financial risk management and asset allocation for CME members."

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