|By PR Newswire||
|October 19, 2006 10:12 AM EDT||
ENGLEWOOD, Colo., Oct. 19 /PRNewswire/ -- The GL Company, a certified member of the Oracle(R) PartnerNetwork and the leader in the Accounting Intelligence market, announces the availability of the Really Real Time(R) Inquiry Suite for the Oracle E-Business Suite. The GL Company is a long-time provider of real-time inquiry for Oracle's JD Edwards EnterpriseOne and World software and has now expanded its solutions to provide real-time reporting and inquiry capabilities for users of the Oracle E-Business Suite. Live demos of The GL Company solutions will take place at Oracle OpenWorld at the Moscone Center West in San Francisco October 22-26, 2006.
Real-time reporting and inquiry present challenges in Oracle's JD Edwards EnterpriseOne and World software and the Oracle E-Business Suite, and the Inquiry Suite is designed to enable users to run time-consuming reports in just seconds and create real-time inquiries for rapid review and analysis without assistance from IT. The Inquiry Suite is the only solution that uses the Oracle database as the data warehouse. Unlike Business Intelligence (BI) tools that require data to be moved and run in batch, the Inquiry Suite leverages "virtual OLAP" [On-Line Analytical Processing], turning relational data into real-time summary information.
Foster's Group, the global premium-branded beverage company, relies on Oracle's JD Edwards EnterpriseOne, the Oracle E-Business Suite, and has also benefited from the use of the Inquiry Suite for JD Edwards. Foster's provided input to The GL Company during the development of the Inquiry Suite for the Oracle E-Business Suite, and Foster's is the first company to implement the new solution.
David Cooper, Finance Team Leader - Enterprise Solutions Group, Foster's IT, said, "The GL Company is unique in that it has been able to build a business application based on the concepts of OLAP technology which links directly into our real-time Oracle relational database without the need to move/stage the data to another database. What's impressive though, is the speed within which inquiries come back. Paper reports, some which were taking hours to run, can now be online inquiries, shared amongst a department, that run in seconds."
The Inquiry Suite, currently deployed in a growing number of businesses in North America, Europe, and Australasia, is based on the principles of Accounting Intelligence -- a discipline that delivers real-time visibility of financial information to business users and helps accountants accelerate the month-end close and other processes. Using the Inquiry Suite, accountants and business unit managers can have up-to-the-second information in real time, with complete confidence in the accuracy of the figures. With just a few mouse clicks, a CFO can drill down from a high-level consolidation Profit and Loss account to the details of the underlying transactions.
"For users of Oracle JD Edwards and the Oracle E-Business Suite, The GL Company solution enables rapid access to the critical information in the database. In this way, as a member of the Oracle PartnerNetwork, The GL Company makes a significant contribution to the power and value of Oracle solutions for customers worldwide," said Robert BuWalda, Sr. Director of Industry ISVs, Oracle.
See a live demonstration of The GL Company solution during Oracle OpenWorld 2006 at Booth 3718 in the Moscone Center West. For more information, attend The GL Company education session "Really Real Time Budgeting", session ID S283291, Thursday October 26 at 1:30 pm PDT at 60 Hilton Hotel, Franciscan Room A.
About Oracle PartnerNetwork
Oracle PartnerNetwork is a global business network of 17,700 companies that deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner levels. http://oraclepartnernetwork.oracle.com/
About The GL Company
The GL Company is the leader in the Accounting Intelligence market. By using Really Real Time(R) technology, The GL Company addresses the inquiry, consolidation and reporting needs of "The Flash Reporting Cycle"; the 5 day build up to the month end and the 5 day post month close.
Accounting Intelligence is overcoming the deficiencies of paper based reporting and the shortcomings of generic Business Intelligence products, by specifically targeting the needs of the finance and project managers who require true real time solutions. For further information, please call: USA: 303 524 1300, UK: +44 (0) 1494 582 039, AUS: +61 (0) 2 8216 0810, or visit http://www.theglcompany.com/.
Oracle, JD Edwards, PeopleSoft and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. The GL Company, Really Real Time, and the Inquiry Suite are trademarks or registered trademarks of The GL Company. Other names may be trademarks of their respective owners.The GL Company
CONTACT: Sarah Birket of The GL Company, USA: +1-303-524-1300, or UK:
+44-0-1494-582-039, or AUS: +61-0-2-8216-0810
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