Oracle is, finally, making waves with the on-demand CRM software it acquired when it bought Siebel Systems for $5.8 billion in January 2006.
Oracle is rolling out the next iteration of its namesakes CRM On Demand software-Release 15-that adds new social networking and collaboration features to the software code. It's also the first inklings of what is to come with Oracle's next generation Fusion Application suite, expected some time this year.
Oracle co-founder and CEO Larry Ellison demonstrated this latest version of CRM On Demand at the company's massive OpenWorld user conference in November. The big deal then-and now-is the ability of CRM (customer relationship management) software to pull in social networking and collaboration functionalities through the use of things like object tagging and RSS feeds directly in applications to enable a more collaborative approach to selling.
"How do we enable a sales person to convert a lead to an opportunity? Sales people spend a lot of time campaigning. What we wanted to do is bring predictions into the application and make it more productive," said Anthony Lye, senior vice president of CRM On Demand at Oracle, during Ellison's keynote demonstration. "We built a list of people to generate a campaign against and then used social networking to run the best campaign possible."
Lye said one of the features utilizes object tagging to generate and maintain a library of presentations from colleagues, for example, or from sales and marketing. As users click through the library from their CRM application, it displays the social network developed in building the document library, as well as the meta data associated with each document.
At the same time business intelligence capabilities underlie each presentation in the library, where each page is tagged so that users are drawn to the right content, at the right time. "Each part of the presentation is categorized, tagged and rated," said Lye. "When a user is happy with the presentation, it's just downloaded. [Users] can take advantage of an enormous amount of information that was previously held in e-mail systems or behind the wall of the back office."
Oracle refers to the social networking capabilities in this latest release as "Social CRM." It's a capability officials said should enable users to become more effective and productive in their jobs by leveraging the collective knowledge of crowds. The collaboration in Release 15 is driven mainly by two features-Sticky Notes and Message Center-that allow a "back-and-forth commentary that is up-to-date, consolidated, centralized and easily accessible and viewable through a home page, without having to navigate to specific records," according to Oracle's press release.