Order out of Chaos
With the Oracle systems in place, enterprises will be able to make more efficient use of their unstructured data and documents. For example, insurance companies could use it to store and access policy applications or claim forms electronically rather than having to sort through mounds of paper documents, Mendelsohn said. The technology has the potential to reduce the costs involved in managing these documents, making content management more efficient, he said.They used the simulated example of a fictitious medical clinic that discovered that its new laser surgery tool had serious control problems. The clinic produced a report that it sent to the manufacturer describing the problem. However, in the records database the report could also be linked to the accounting system to alert the accounts payable clerk not to pay for the equipment until the issue had been resolved. Oracle officials said they arent introducing the Content and Records databases to chase competing document and content management software makers, such as EMC/Documentum, Interwoven and Vignette, out of the market. Instead, some of these companies may choose to build their products on top of Oracle Content and Oracle Records. Click here to read how Oracle built up its content management technology in part with technology acquired through its buyout of Context Media. In fact, a major part of Oracles June 14 presentation was an announcement that one of those major content management players, Open Text, said it will offer its applications on the Content Database. Open Text plans to run its "content-enabled" industry applications, such as its accounts payable and loan origination system, on the Oracle Content Database. Open Text will also extend Oracle content management products with technology for document imaging, IDARS (Integrated Document Archive and Retrieval Systems) technology for high-volume invoicing, ordering or claims processing, records management, archiving, and search. The Open Text partnership with Oracle will provide the data integration capabilities that will allow users to manage content from existing Oracle, Siebel, PeopleSoft and J.D. Edwards applications that are now all owned and supported by Oracle. The technology will also work with Oracles future Fusion products, which will integrate features and components of all these products. Check out eWEEK.coms for the latest database news, reviews and analysis.
Banks would have a new means for scanning, storing and retrieving canceled check images when they are needed by account holders. Mendelsohn and Rich Buchheim, Oracle senior director of product management for content products and strategy, demonstrated how the Content and Records database applications could be integrated with standard financial and accounting control systems.