Oracle Offers Fast Financial Application Setup

PHILADELPHIA (05/01/2000) - Promising a fully functional financial management system in five days, Oracle Corp. debuted its Oracle FastForward OnLine Financials-RPM program for Oracle Financials at the Oracle Application Users Group conference in Philadelphia last week.

The FastForward plan is aimed at small and midsize companies, rapidly growing companies, and those going through a merger or an acquisition, said Eve Milrod, senior director for Go to Market Strategies at Oracle. The major business need of these groups is rapid time to market, she said.

The FastForward service will be offered in two ways: FastForward, a fixed scope implementation; and FastForwardRPM, which includes preconfigured models and a fixed time frame. Oracle can host the FastForward Oracle software modules such as General Ledger, Payables, and Assets via Oracle Business online or implement them at the customer site.

Included in the FastForward program are applications, consulting, education, and support. For customers in the United States, a base price of $140,000 includes licenses for 10 named users, officials said.

The keys to speedy FastForward implementations are preconfigured applications running against standardized hardware platforms, Oracle officials said.

Installation methodologies such as FastForward are good for speeding implementation, but there are many other relevant factors, such as business process re-engineering, data conversion, training, and change management, said Pierre Mitchell, an analyst at AMR Research, in Boston.

Some hosted and nonhosted applications will need to be integrated, Mitchell added.

Oracle Corp., in Redwood Shores, California, is at

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