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

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 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/.

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Date:Mar 3, 2009
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