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Oracle E-Business Suite(R) Release 12 Secures Federal Systems Integration Office (FSIO) Certification for Core Financial Systems.

REDWOOD SHORES, Calif., March 3 /PRNewswire-FirstCall/ --
 News Facts
 -- The Financial Systems Integration Office (FSIO) has officially
 certified Oracle E-Business Suite Release 12. After a thorough review
 and analysis of release notes, responses to FSIO questions, product
 documentation and the results of two demonstrations, FSIO has
 determined that the Oracle E-Business Suite Release 12 satisfies the
 FSIO Core Financial System Requirements.
 -- To meet FSIO requirements, core financials systems must meet a series
 of technical criteria demonstrating their ability to help federal
 government agencies in three key areas:
 -- Accountability - By providing accurate information needed to
 inform taxpayers, Congress and agency personnel how the agency
 spends tax dollars and protects federal assets
 -- Efficiency, economy and effectiveness - By supporting delivery of
 efficient, economical and effective services to the agency's
 internal and external customers
 -- Decision making - By providing Congress, agency heads and program
 managers with timely reports linking financial results and program
 data so that policy and program decisions can be accurately
 identified, tracked and forecasted
 -- Oracle first passed the federal Financial Management Systems Software
 (FMSS) certification test in 1996. Since that time, Oracle has
 continually reinforced its longstanding commitment to the federal
 financial management user community by retaining full federal
 compliance for its financial management applications and maintaining
 Core Financial System Requirements certification. More than 100
 federal government organizations run Oracle Applications.
 -- FSIO, formerly known as the Joint Financial Management Improvement
 Program (JFMIP), resides within the General Services Administration
 (GSA) and works in cooperation with other federal organizations -
 including the Department of Treasury, the Office of Management and
 Budget (OMB), and the Chief Financial Officer (CFO) Council. FSIO
 employs a rigorous testing methodology to ensure that federal agencies
 maintain the highest standards for core financial systems in order to
 improve federal financial management as well as increase accounting
 and budget forecasting accuracy.

 New Enhancement Details of Oracle E-Business Suite Release 12
 -- Several new features in Oracle E-Business Suite Release 12 provide
 best practices to help federal agencies more effectively manage their
 financial systems, including:
 -- Subledger Accounting - Provides a centralized repository of
 accounting rules and a flexible rules-based engine to generate
 accounting entries based on transaction attributes. This feature
 also helps streamline reconciliation and reporting, and allows
 users to drill down to accounting entries (both budgetary and
 proprietary).
 -- Multi-Organizational Access Control - Features enhancements that
 provide users with the ability to enter transactions, produce
 reports and execute queries in one or more operating units without
 changing application responsibility.
 -- Oracle Payments - Minimizes the effort required to produce valid,
 properly-formatted payment files by delivering a new formatting
 solution based on standard XML technology. This feature allows
 users to leverage payment formats templates created in Oracle XML
 Publisher and offers a rich library of payment formats that
 support various types of file formats required in a federal
 environment.

 Supporting Quotes
 -- "Oracle E-Business Suite Release 12 enables agencies to make better
 decisions and manage business systems effectively to improve
 productivity and lower costs. The certification of Oracle E-Business
 Suite Release 12 reinforces Oracle's commitment to enable government
 agencies to control costs and meet budget challenges with increased
 oversight," said Mark Johnson, senior vice president, Oracle Public
 Sector.


 Supporting Resources
 -- Oracle Public Sector
 -- Oracle E-Business Suite Release 12


 About Oracle



Oracle is the world's largest business software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.

Trademark

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)

CONTACT: Katie Barron of Oracle, +1-703-364-2488, katie.barron@oracle.com; or Janice Hazen of O'Keeffe & Company, +1-770-938-4753, jhazen@okco.com

Web Site: http://www.oracle.com/
COPYRIGHT 2009 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

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Date:Mar 3, 2009
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