Oracle has launched an in-memory application that helps businesses and organisations to transform their cost management objectives.
In a statement, the company said Oracle In-Memory Cost Management for the Oracle E-Business Suite is designed to help companies handle the increasing volume of cost data.
“With the ever-expanding volume of cost data within and across organisations, existing tools are often unable to perform complex cost analysis which prevents organizations from identifying optimal profit margins to help make informed cost management decisions,” Oracle stated.
“To transform the way organisations address their cost management objectives, Oracle has introduced Oracle In-Memory Cost Management for the Oracle E-Business Suite.”
By providing real-time insight into cost data, Oracle said the in-memory cost management will transform traditional business practices.
“Utilising the extreme performance delivered by Oracle Engineered Systems, the new Oracle In-Memory Applications enable near real-time insight into all aspects of cost management, allowing organizations to make better, faster decisions to maximize profits, safeguard current margins and identify optimal future margins.”
