SOURCE: Oracle Corporation

Oracle Corporation

March 25, 2015 08:12 ET

Primavera Launches Project Portfolio Management Cloud Services Accelerators for Financial Services, Public Sector, and Engineering and Construction Industries

Oracle's New Accelerators Enable Organizations to Manage the Lifecycle of Initiatives, Projects, Programs, and Contracts Using Rich Functional Capabilities, Built-In Industry Best Practices, and the Power of the Cloud

WASHINGTON, DC--(Marketwired - Mar 25, 2015) - ORACLE INDUSTRY CONNECT -- Organizations across industries are managing unprecedented change, whether due to increasing regulations, shifting competitive environments, or the need to constantly innovate. And these companies all have two things in common -- any transformation must happen quickly, and the solutions deployed must be finely tuned to match how they work. In response to this need, Oracle (NYSE: ORCL) has launched three new cloud services accelerators for enterprise project portfolio management (EPPM) in the financial services, public sector, and engineering and construction industries. Combining the proven history of Oracle's Primavera products with Oracle's cloud expertise, these purpose-built accelerators enable organizations to effectively address the challenges associated with managing project, program, portfolio, and contract lifecycles in their respective industries.

"Gone are the days of one-size-fits-all project and contract management tools. Our customers need cloud-based, specialized solutions that fit how they do business, get them up and running quickly with industry best practices, and provide the flexibility and power to change and grow with their needs. That's why we have launched these three process- and industry-specific accelerators. With this announcement, we are looking to the cloud as the catalyst that will enable our customers to use EPPM to transform their organizations at the speed that they demand," said Mike Sicilia, senior vice president and general manager, Primavera Global Business Unit, Oracle.

The three new cloud services accelerators include:

  • Oracle Business Process Portfolio Management Cloud Accelerator: To support financial institutions' business transformation, continuous process improvement, and regulatory compliance change management, this accelerator provides end-to-end functionalities for managing, tracking, and executing service innovation initiatives, operational projects, and process changes across the enterprise. It complements the analytics capabilities of governance, risk, and compliance applications such as Oracle Financial Services Operational Risk, creating a comprehensive change management solution for the financial services industry.

  • Oracle Public Infrastructure Monitoring Cloud Accelerator: Governments at all levels are investing in infrastructure projects to improve quality of life for constituents while also reducing waste and improving efficiencies. To best manage these complex undertakings, this accelerator provides top-down project planning and bottom-up monitoring, enhancing the effectiveness of infrastructure changes for any type of government management -- from federated to centralized.

  • Oracle Contract Management Cloud Accelerator: In the engineering and construction business, projects are a team effort -- contractors and owner organizations need to coordinate and collaborate to control contract management and keep costs in line with project expectations. This accelerator provides these organizations with preconfigured, flexible rules and processes, enabling them to quickly start managing contracts and controlling change throughout the project lifecycle with a system that allows for future business growth and expanded requirements. 

At Oracle Industry Connect in Washington DC, these accelerators will be on display and discussed in the conference's Primavera track, which begins with a keynote on Wednesday, March 25, from 3:45 p.m. to 5:45 p.m.

Additional Information
To learn more about Oracle's Primavera solutions, connect on Twitter at @OracleEPPM and on Facebook at facebook.com/oracleprimavera.

About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit oracle.com.

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