Oracle Takes FastForward Overseas

Oracle Corp.
announced Monday
the global availability of its FastForward program, enabling mid-sized
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
for its e-business suite, and the news that no less than 59 organizations in
Europe, Middle East and Africa (EMEA) region have purchased Oracle Internet
to streamline their procurement processes and reduce costs.

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

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

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

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

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

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
said in an industry where companies prefer to purchase complete IT
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.

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