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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: MrJoltCola who wrote (6840)	4/7/1998 1:21:00 PM
From: John T. Hardee	Respond to of 19080

Tuesday April 7, 8:01 am Eastern Time Company Press Release SOURCE: Oracle Corp. San Francisco State University Selects Oracle(R) Public Sector Financials Oracle Chosen Over PeopleSoft and SCT Banner to Streamline Business Processes, Slash Financial Reporting Time SAN FRANCISCO, April 7 /PRNewswire/ -- Oracle Corp. (Nasdaq: ORCL - news) today announced that San Francisco State University (SFSU), one of the largest universities in California's nationally recognized 23-campus California State University system, selected Oracle over PeopleSoft and SCT Banner to provide an integrated, Web-enabled financial system. SFSU will implement Oracle(R) Public Sector Financials to streamline business processes, improve access to timely data, and reduce costs. The university expects the new Oracle system to save three to four days of labor per month, speed internal document routing by two to three days and cut ad hoc reporting time from a week or more to just minutes. Oracle Public Sector Financials will replace SFSU's legacy systems with a Web-enabled system that automates workflow, simplifies financial reporting processes and improves access to financial and management data. Due to outmoded technology at SFSU, it takes a couple of days to get an ad hoc report from the university controller's office -- and the requesting department ends up with information that is several days old. By deploying the applications on the Web so that users can access them from their Web browser, SFSU intends to cut maintenance and administration costs while leveraging its existing investment in hardware systems. SFSU expects this online information access to significantly streamline business processes, including budgeting, purchasing, applying and billing for research grants, and provide departments with greater control and autonomy over their day-to-day operations. In addition, the new system will enable the controller's office to reallocate staff time from administrative work to monitoring and quality control, improving efficiency and service to the university community. ''Our vision is to provide all of the university communities with the tools they need to be successful, and Oracle has those tools,'' said Larry Ware, University Controller for SFSU and Director of Administration for the SFSU Foundation. ''Oracle will enable my office to better use its resources for trouble-shooting and quality control. Oracle will help us grow and continue to improve service.'' Oracle Corporation is the world's leading supplier of software for information management and the world's second largest software company. With annual revenues of more than $6.7 billion, the company offers its database, application server, tools and application products, along with related consulting, education and support services, in more than 140 countries around the world. For more information about Oracle, call 650-506-7000. Oracle's World Wide Web address is (URL) oracle.com. NOTE: Oracle is a registered trademark and Architected Best-In-Class is a trademark or registered trademark of Oracle Corp. All other products or company names mentioned are