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.
Treasury upgrades also allow users to establish new types of hedge funds and track them through their life cycle while reports detail the use of financial derivatives.
To help accelerate the monthly close cycle Treasury has the capability to automate back office treasury processes like passing journal entries to the general ledger. At the same time, rather than waiting for batch summaries of operational cash flow, Treasury enables the real-time access of treasury and operational sources of information. Forecasting functionalities enable companies to view cash flow in multiple dimensions.
The upgraded version of Treasury will be available during the first quarter of 2004.