Oracle simplifies budgeting

Business software maker Oracle unveils a new budgeting application for midsized businesses.

Business software maker Oracle today unveiled a new budgeting application for midsized businesses.

Redwood Shores, California-based Oracle said its Web-based FastForward Budgeting application helps automate budgeting tasks and assists with financial forecasting.

With an automated budgeting process, companies can save time and minimize data entry errors so that they have more time to focus on data analysis in order to manage their daily operations, the company said.

Included in the offering is Oracle's Financial Analyzer Express server, training and support, and consulting services to help provide customers with a budgeting application in approximately 30 business days, Oracle claims. Oracle's Financial Analyzer enables users to easily identify, analyze, model, budget, forecast, and report on information stored in Oracle's general ledger software.

The new application is the latest addition to Oracle's line of e-business applications geared toward midsized businesses.

In April, the company announced its FastForward Internet Procurement, its first suite of e-commerce applications intended for firms with less than $500 million in revenues. FastForward Internet Procurement provides a Web-based way to help companies acquire goods and services at the lowest total cost by automating the entire purchasing life cycle from planning to procurement to payment.

Oracle FastForward Budgeting helps simplify the budgeting process by giving companies controlled access to data, ensuring consistent and reliable information, along with a set of analytic tools to help control costs and analyze the company's financial performance, the software maker said.

Pricing for the budgeting application begins at $100,000.