Oracle on Wednesday took the wraps off a feature it says will be a new jewel in its E-Business Suite: Oracle Daily Business Close, a tool intended to offer executives a daily rundown on key metrics across all lines of their business.
Oracle says its Daily Business Close is another example of the virtues of its all-in-one philosophy on enterprise data consolidation and automation. The tool draws on the E-Business Suite's single database to deliver reports drawn from the various application modules. Oracle likens the reports -- which are to be viewed in a Web browser and can be set up to display information relevant to the reader -- to a daily newspaper covering a company's operations.
Oracle Chief Executive Officer Larry Ellison has become a devotee of the new tool, and plans to discuss how he uses it Thursday during his keynote address at Oracle's European AppsWorld conference in Amsterdam, according to an Oracle spokeswoman.
Daily Business Close can deliver information on a company's customers, staff, suppliers, partners and finances, said Oracle Vice President of Marketing Lisa Arthur in an interview in Amsterdam, making it not only a tool for financial staffers, but also for the marketing, sales and support departments, for example, according to Arthur.
Information once available to executives only at the close of a month or a quarter can now be reviewed on a daily basis, she said.
"We see this as the next evolution of the Oracle E-Business Suite, which will give executives daily business-line trends to drive change in their business. Management by fact, which requires information, is key for companies not only to be competitive but to lead in their market spaces," Arthur said.
Daily Business Close will begin shipping as part of the Oracle E-Business Suite's Business Intelligence offering within 60 days, Oracle said. Pricing information has not been announced.