Oracle and Deloitte launch Financial Services SolutionPrint™ for Risk and Finance


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14 November 2012: World leading business software and hardware systems company, Oracle has teamed up with global professional services firm Deloitte to create a combined solution for financial services to improve the management of financial information.

Launching the financial services specific SolutionPrint™ finance software in Australia, Oracle Global Solution Leader in Enterprise Risk and Finance, Stuart Houston said: “By combining our expertise with Deloitte’s intellectual property we have developed an agile, transparent and relevant finance and risk capability to meet the many challenges faced by financial institutions today.”

Deloitte Financial Services’ Consulting leader Maickel Sweekhorst added: “This is timely for Australia. SolutionPrint™ will help financial services organisations make sense of the onslaught of complex financial data from multiple sources. The Oracle/Deloitte solution is like XBRL on steroids!”

Houston explained: “Oracle’s pre-configured Enterprise Risk and Finance solution uses a specific accounting rules library, a reporting and KPI catalogue, as well as data models to help financial services organisations make better decisions.”

“By organising their data, determining what process to measure, and then how to measure those systems, financial services firms can use this solution to drive performance in a challenging environment,” Sweekhorst said.

“SolutionPrint™ is aimed at supporting the broader transformation initiatives of financial services organisations.  Its common decisioning platform is critical. Deloitte is now one of the few professional services organisations in the world capable of delivering end-to-end solutions across Oracle’s entire software and hardware stack,” Sweekhorst concluded.

Facts

  • Oracle announced that it has teamed with Deloitte to deliver a pre-configured Enterprise Risk and Finance solution that includes a Financial Services industry specific accounting rules library, reporting & KPI catalogue, and data models.
  • The Financial Services SolutionPrint™ establishes a core finance accounting environment that can help organisations drive significant improvements in shareholder value, through efficient and standardised 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.
  • Deloitte provides access to more than 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 organisations that can provide an extensive, global perspective across the full spectrum of business issues faced by multinational enterprises.
  • Deloitte is a Diamond partner and is recognised by Oracle for its ability to deliver business value to joint clients.

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