Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Applications
    • Applications
    • IT Management

    Oracle Unveils Financial Analytics for SAP

    By
    Nicholas Kolakowski
    -
    January 11, 2011
    Share
    Facebook
    Twitter
    Linkedin

      Oracle and SAP may have fought each other bitterly in court during 2010’s final months, but that hasn’t stopped Oracle from introducing Oracle Financial Analytics for SAP.

      A module of the Oracle BI (Business Intelligence) Applications family, the platform allows executives and other financially-minded employees to “improve cash flow and profitability by extending complete financial analysis to SAP systems” and “dramatically reducing the complexity and costs of integrating information from SAP.” The software leverages Oracle Data Integrator Enterprise Edition to directly incorporate data from SAP’s platform.

      “Organizations that rely on SAP Financial Accounting can now turn to Oracle Financial Analytics for SAP to further improve business visibility and align decision making,” Paul Rodwick, vice president of product management, Oracle Business Intelligence, wrote in a Jan. 10 statement. “For years, SAP customers have used Oracle Business Intelligence Enterprise Edition to deliver complete, relevant insight across their organizations.”

      Oracle already offers a number of pre-built analytic applications, he added, making it “natural to extend that support to SAP with Oracle Financial Analytics for SAP.”

      Oracle and SAP compete fiercely in the enterprise IT arena, a battle that reached new heights late in 2010 with a tooth-and-nail court battle over intellectual property infringement. In a lawsuit originally filed in 2007, Oracle claimed that SAP, via its now-shuttered TomorrowNow division, had illegally downloaded reams of supporting documentation and more than 8 million instances of customer-support software.

      SAP apologized for TomorrowNow’s conduct, and the Oakland, Calif., federal district court delivered a $1.3 billion judgment to Oracle, which then asked for another $211 million extra in interest. SAP had already paid $120 million in court costs to Oracle.

      SAP had seen its revenue rise in the second half of 2010, as businesses begin to spend more heavily on IT in the wake of a massive global recession. However, competitors such as Microsoft and Oracle are also using the brightening economy to push their own products-in turn, pressuring SAP to sign customers and offer new software and services to keep them.

      “The experience we have gained with our more than 100,000 customers over many years tells us they want choice, openness and innovation from their technology partners,” Jim Hagemann Snabe, co-CEO of SAP, wrote in an Oct. 27 statement following a quarterly earnings announcement. “The opposite seems to be happening as more technology companies want to lock in their customers to a single vendor on one proprietary technology stack.”

      Nicholas Kolakowski
      Nicholas Kolakowski is a staff editor at eWEEK, covering Microsoft and other companies in the enterprise space, as well as evolving technology such as tablet PCs. His work has appeared in The Washington Post, Playboy, WebMD, AARP the Magazine, AutoWeek, Washington City Paper, Trader Monthly, and Private Air. He lives in Brooklyn, New York.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×