Oracle today announced that it has teamed with Deloitte Consulting LLP to deliver a pre-configured Enterprise Risk and Finance solution that includes Financial Services industry specific accounting rules library, reporting & KPI catalog, and data models.
The Financial Services SolutionPrint establishes a core finance accounting environment that can help organizations drive significant improvements in shareholder value, through efficient and standardized sub-ledger accounting, improved Financial Services analytics capabilities and more efficient risk management.
The Financial Services SolutionPrint for Risk & Finance will be offered globally by Oracle and member firms of Deloitte Touche Tohmatsu Limited (Deloitte).
Deloitte provides access to over 12,000 Oracle-focused practitioners as well as thousands of professionals with capabilities in tax, finance, human resources, risk, and business consulting.
Deloitte's blend of multi-disciplinary capabilities distinguishes it as one of the few professional service organizations that can provide an extensive, global perspective across the full spectrum of business issues faced by multinational enterprises.
Deloitte is a Diamond level member in Oracle PartnerNetwork (OPN) and is recognized by Oracle for its ability to deliver business value to joint clients.
"The Oracle Financial Services Industry Solution for Enterprise Risk & Finance combined with Deloitte's deep financial services industry capability related to Finance Transformation services and solutions can help deliver a compelling value proposition for clients globally. Transformation of the Finance function and unifying the management process with Risk-adjusted performance tools is increasingly required due to the changed regulatory environment," commented Greg Midtbo, Global Financial Services Industry Leader, Oracle.
"This joint solution reflects both the industry strength and technical know-how that are embedded within the Deloitte network's worldwide Oracle and Financial Transformation practices. This differentiating combination is critical because it makes Deloitte one of the few professional services organizations capable of delivering end-to-end solutions across Oracle's entire software and hardware stack," commented Nidal Haddad, global Oracle alliance leader, Deloitte Touche Tohmatsu Limited. "Deloitte is excited to team with Oracle to bring SolutionPrint™ for Risk & Finance to our Financial Services clients worldwide." *As used in this press release, "Deloitte" means Deloitte Touche Tohmatsu Limited member firms that are part of the Deloitte Oracle global alliance.