RealTime IT News

Oracle Takes FastForward Overseas

Oracle Corp. announced Monday the global availability of its FastForward program, enabling mid-sized companies to put together e-commerce solutions in rapid time with minimum risk.

The announcement was one of several made by Oracle in Paris at its Applications User Conference Europe.

Other announcements included the unveiling of complete euro conversion functionality for its e-business suite, and the news that no less than 59 organizations in the Europe, Middle East and Africa (EMEA) region have purchased Oracle Internet Procurement to streamline their procurement processes and reduce costs.

More than 30 companies in the EMEA region are already using FastForward, according to Oracle. Among them are Swedish media company Carat, French alarm manufacturer Atral, and Dutch-based Duijvelaar Pompen B.V.

The FastForward application and service packages are fixed-price, fixed-time, fixed-scope bundled packages intended to take the complexity and risk out of e-business. Instead of a large-scale implemention, FastForward enables small but fully scalable implementations -- a step beyond the "toe-in-the-water" approach which is often doomed to failure.

Oracle launched seven FastForward packages in Europe on Monday -- including applications for Financials, Process Manufacturing, Manufacturing, High Tech, Distribution, Procurement, and Budgeting.

"With the Oracle FastForward program, mid-sized and growing companies in Europe can leverage robust application functionality, previously only available to large enterprises, quickly, cost-effectively and with minimal risk," said Sergio Giacoletto, senior vice president, Oracle Europe, Middle East and Africa.

Enterprise functionality, coupled with the power of the Internet, will enable mid-sized companies to compete alongside global multinationals, said Giacoletto.

Among several case studies offered by Oracle at its Paris presentations was Tele Danmark's use of Oracle Internet Procurement to gain control over what it called "maverick buying." Tele Danmark's Vice President Leif Petersen said in an industry where companies prefer to purchase complete IT solutions, it is essential to have an integrated and open procurement system.

The added complexity of euro adoption has prompted Oracle to introduce a three-stage approach, starting with initializing euro records and creating a euro accounting history. A second step enables companies to report in multiple currencies, while a third completes the switchover entirely to the euro.