Oracle Integrates Oracle(r)Financial Services Applications (OFSA) and Oracle Business Intelligence Enterprise Edition to Help Financial Institutions Deliver Actionable Performance Information to Decision Makers

Oracle Integrates Oracle(r)Financial Services Applications (OFSA) and Oracle Business Intelligence Enterprise Edition to Help Financial Institutions Deliver Actionable Performance Information to Decision Makers

Oracle today announced the release of Oracle(r) Financial Services Profitability Analytics, which provides a prebuilt business intelligence (BI) application on Oracle Business Intelligence Suite Enterprise Edition (Oracle Business Intelligence Suite EE) 10g Release 3 for Oracle Financial Services Applications (OFSA) to provide financial institutions with a comprehensive and robust solution that delivers actionable insight to employees, helping them improve customer service and drive new levels of profitability. The integrated solution also helps organizations reduce total IT cost and complexity as it removes the need for custom interfaces between the two systems.

The OFSA suite helps financial institutions carry out critical functions like funds transfer pricing, customer profitability management, budgeting and planning, and risk management efficiently. Oracle Business Intelligence Suite EE 10g Release 3 is a major new release of Oracle’s comprehensive, standards-based suite of BI infrastructure and tools products. Together, these two suites deliver an advanced solution for financial services BI.

Oracle Financial Services Profitability Analytics enables banks to use BI more effectively to manage their operations and business performance though insight-driven actions. The integrated solution – which allows access to information through virtually any medium, including alerts, dashboards, reports and RSS feeds – helps users understand how actions taken in one area of the business affect the performance of other areas. As important, out-of-the-box integration helps to facilitate deployment and reduce total cost of ownership because it eliminates the need for custom-built interfaces between OFSA and Oracle Business Intelligence Suite EE.

“Today, many financial institutions find that solid business intelligence is essential to market differentiation and enhanced customer satisfaction,” said Ashwin Goyal, Vice President, Financial Services, Oracle. “Oracle Financial Services Profitability Analytics makes it easier to achieve this objective. It provides a pre-integrated, enterprise-wide and actionable business intelligence system that helps individuals in a financial institution – from the executive suite to the local branch – to make the right decision at the right time.”

Oracle Financial Services Profitability Analytics – which integrates Oracle Business Intelligence Suite EE and OFSA – provides high-performance, rapidly deployed analytics to users across the enterprise and allows a financial services organization to take full advantage of its existing infrastructure, reporting tools and legacy investments while leveraging the wealth of data in the OFSA data model. Oracle Business Intelligence Suite EE also integrates with existing business processes and workflows with extended Web services support with Oracle Fusion Middleware.

Read the complete Press Release