Oracle Enhances JD Edwards World for Improved Compliance and Self-Service Operations

Oracle Remains Committed to Supporting JD Edwards World Customers, Reinforces Partnership with IBM

GRAPEVINE, Texas, Oracle Applications User Group Conference, June 15 /PRNewswire-FirstCall/ -- Furthering its commitment to develop JD Edwards products and support customers through upgrades, Oracle today announced the availability of new enhancements to its JD Edwards World applications with the A7.3 Service Pack 16. Oracle relied on feedback from customer advisory boards including the World Product User Group and World Product Advisory Council to gain helpful insight. As a result, additional functionality was developed that will enable companies using JD Edwards World solutions to improve compliance, provide customers with self-service applications and lower operating costs.

"Oracle continues its commitment to its partnership with IBM and customer success running JD Edwards World solutions on the IBM eServer iSeries system," said John Schiff, Vice President and General Manager of Oracle's JD Edwards World organization. "Oracle and IBM plan to help their customers benefit from feature-rich, Web-enabled applications that are tightly integrated and pre-bundled on a single database, enabling reduced implementation costs and complexity. Oracle plans to work with IBM and other partners to define the requirements for JD Edwards World products to be included in Oracle Project Fusion and support customers through future upgrades."

Improved Compliance and Customer Intimacy

With the A7.3 Service Pack 16, Oracle has made functionality enhancements to Cash Flow Reporting, improved the audit trails within General Ledger, updated batch headers and added an approval process in Accounts Payable to monitor the outflow of cash. These new additions will enable JD Edwards World customers to better comply with regulatory mandates such as Sarbanes-Oxley and gain increased insight into financial reporting practices and internal controls.

The self-service applications are now included in the JD Edwards World base product, making it even easier for companies to connect with customers and forge deeper, more comprehensive relationships. Organizations can give their customers real-time, 24-hour access to purchasing and order status information via the Internet, using an intuitive interface. Upon entering the system, customers will be automatically recognized and receive a personalized experience that delivers relevant information, promoting improved communication between customers and vendors while enabling lower costs for routine transactions. In addition, the enhancements will allow customer service agents to devote more time to customers with special issues and reduce problem resolution time. Employee self-service features have also been added to provide direct access to financial and human resources information, including payroll, benefits and the status of vacation time.

Meeting the Needs of a Global Customer Base

Oracle is protecting customers' software investment by providing updates in a world of ever-changing statutory and local business requirements. JD Edwards World A7.3 Service Pack 16 provides updates for Argentina, Australia, Brazil, Canada, France, Italy, Ireland, Mexico and Spain. Additionally, the new release updates support for the International Bank Account (IBAN) commonly used in Europe and cash flow analysis to help customers meet IAS requirements.

About Oracle

Oracle (Nasdaq: ORCL - News) is the world's largest enterprise software company. For more information about Oracle, visit our web Site at http://www.oracle.com/ .

Trademarks

Oracle, JD Edwards, PeopleSoft, and Retek are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

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Source: Oracle Corporation

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