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

To: KAF who wrote (9855)	3/11/1999 4:59:00 PM
From: Bipin Prasad	Respond to of 19080

Oracle/Siemens Win NATO Contract NATO to Use Oracle Financials(R) as the Basis of the First Ever NATO-Wide Financial System REDWOOD SHORES, Calif., March 11 /PRNewswire/ -- Oracle Corporation (Nasdaq: ORCL - news) and Siemens Business Services today announced that The NATO (North Atlantic Trade Organization) Consultation, Command and Control has signed a contract with Oracle as prime contractor for a NATO-wide fully integrated budget and financial system. As the leading acquisition authority in NATO, The NATO Consultation, Command and Control Agency is responsible for running the procurement for the NATO Military Budget Committee. The system will be implemented by Oracle in co-operation with Siemens Business Services GmbH in 20 sites over 10 countries and used by several hundred users across the NATO organization. Siemens Business Services will be responsible for the installation, integration and testing in all NATO sites, complying with NATO standards for the implementation of commercial-off-the-shelf software. The implementation of Oracle's financial management solution will, for the first time, enable NATO to manage its finances across its entire organization using a common integrated system. The system will strengthen the financial support to NATO Military headquarters and agencies helping distribute administrative costs. The move to implement an enhanced financial system is part of a wider NATO strategy to improve its overall information system support. The financial system will provide on-line financial and management information throughout the NATO financial community at all levels of the NATO command structure. The Oracle® financial system functions include Budget, Fiscal, Disbursement, Treasury, Audit, Procurement and Supply. NATO headquarters users will be able to have an up-to-date overview of the financial situation through Oracle Financial Analyzer, a multi-dimensioned on-line analytical processing tool. Using the latest release of Oracle Financials®, the only software installed on the client workstations will be an industry standard web browser, removing the need for client software installations for all users of the system. Additionally, Oracle Education will provide NATO with a program which includes the Oracle Tutor software tool that captures business processes as they are implemented for use in subsequent user training and computer-based training. ''NATO is an example of a true multi-national organization with a complex structure that can use Internet applications to streamline its financial operations and make informed decisions,'' said Ron Wohl, senior vice president, Oracle Applications Development. ''Through our global consolidation capabilities, organizations like NATO can use Oracle Financials to gain global access to information and achieve real-time consolidation of business information, all in one integrated system.'' The North Atlantic Treaty Organization celebrates its 50th anniversary in 1999. NATO, an alliance of sixteen member nations, has continued to guarantee the security of its member countries since its creation. Today, following the end of the Cold War and of the division of Europe, the Alliance has been restructured to enable it to participate in the development of co-operative security structures for the whole of Europe. It has also transformed its political and military structures in order to adapt them to peacekeeping and crisis management tasks undertaken in co-operation with countries which are not members of the Alliance and with other international organizations. Formed in 1995, Siemens Business Services vices has grown rapidly to rank as a leader in Germany and among Europe's top 5 full service providers with 1997/98 revenues in excess of DM6 billion [US$3.70 billion]. Percentage by Siemens with 1997-1998 revenues of US$71.7 billion and over 400,000 employees in 192 countries gives Siemens Business Services a unique competitive edge. Siemens Business Systems World Wide Web address siemens.de. Oracle Corp. 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 $8.3 billion, the company offers its database, tools and applications products, along with related consulting, education and support services, in more than 145 countries around the world. For more information about Oracle, please call 650-506-7000. Oracle's World Wide Web address is (URL) oracle.com.