Oracle Upgrades Its Treasury Suite
Upgrade helps companies comply with Sarbanes-Oxley risk control regulations.To help companies better comply with regulatory requirements, Oracle Corp. announced Monday an upgrade to its namesake Treasury software. Oracle Treasury, part of the 11i 9 upgrade, facilitates the Treasury Departments oversight of a companys banking and financial market activity, automatically computing interest and book journal entries for bank transactions. Part of Oracle Financials, the enhanced software monitors and adjusts liquidity, currency and interest rate positions, which ensures compliance with risk exposure policies, Oracle officials said, in Redwood Shores, Calif.
This latest version also helps companies comply with Sarbanes-Oxley risk control regulations by providing additional validation levels for payment processing and more pre-configured business roles. The software also has expanded support for accounting treasury standards FAS 133 and IAS 39.