Vingage Taps Oracle(R) E-Business Suite for Rapid Growth
Oracle Financials Helps Leading Internet Video Company Automate Processes and Drive Profitability
REDWOOD SHORES, Calif., Nov. 29 /PRNewswire/ -- ( oracle.com ) Oracle Corp. (Nasdaq: ORCL), the largest provider of software for e-business, today announced that Vingage Corporation, a leading technology company that is changing the way video is managed and delivered over the Internet, is now live on Oracle(R) Financials. As a core component of the Oracle E-Business Suite, Oracle Financials provides a comprehensive financial management infrastructure enabling Vingage to penetrate new markets, reduce costs and streamline its business processes.
"We needed an enhanced management system that would give us a high level of financial control and reduce administrative overhead -- one that would support our rapid growth and development," said Gary Beebe, vice president of Finance for Vingage Corporation. "Oracle Financials gives us both sophisticated functionality and ease-of-use and, in many cases, enables us to completely eliminate paperwork. The bottom line is we can focus on running our business."
Vingage's core product, the Vingage Video Server, enables content providers to cost effectively deliver the highest quality video to the widest possible audience. With the Oracle E-Business Suite, Vingage can more successfully deploy the Vingage Video Server by automating many of its back-end business processes, including accounts receivable and automatic generation of customer-specific product invoices.
Oracle Consulting helped Vingage deploy Oracle Financials in just over one month. The Oracle E-Business Suite was selected for its broad functionality and ease-of-use. Oracle is also offering the ability to interface more easily with internal and customer systems so that Vingage can more effectively conduct business electronically.
The Oracle E-Business Suite gives Vingage a high level of financial and accounting control and fast, online access to key financial metrics for improved decision-making. Vingage is also using Oracle Financials for efficient inventory management. The new Oracle system manages Vingage's purchasing process -- from creating requisitions to approving purchase orders and receiving goods online. By enabling employees to directly access with as many functions as possible, Vingage is streamlining its business processes and reducing costs.
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SOURCE Oracle Corporation
CO: Oracle Corporation; Vingage Corporation
ST: California
IN: CPR MLM
SU: CON
11/29/2000 09:00 EST prnewswire.com |
