Oracle Corp - ORCL STOCK NEWS

Texas Children's Hospital, North America's largest children’s hospital, has chosen Oracle Fusion Cloud Applications to enhance its financial and operational processes. The integration aims to streamline finance, supply chain, and human resources, thereby improving employee engagement and simplifying operations. By transitioning away from complex custom applications, Texas Children's seeks to enable staff to focus more on health care. The hospital will utilize Oracle's ERP, HCM, and SCM solutions, supported by Oracle Consulting for strategic implementation.

Oracle Aconex for Defense has achieved FedRAMP Moderate authorization, enabling U.S. Department of Defense (DoD) agencies to utilize this secure cloud-based construction project management platform. This authorization, granted by the U.S. Army Corps of Engineers (USACE), marks a significant milestone in providing compliance-approved solutions for federal defense agencies. The platform enhances collaboration, workflow automation, and information management across project processes, aligning with the DoD's IT modernization initiatives.

Oracle has launched a new cloud-based customer experience management solution for the communications industry, called Digital Experience for Communications. This suite of applications helps service providers understand customer behaviors and preferences to enhance service and drive sales. The solution adheres to TM Forum's Open Digital Architecture and features modules for launching products, customer care, and buying recommendations.

Available modules will enhance customer engagement and streamline service offerings, specifically targeting market opportunities with 5G technology.

Oracle has introduced new cloud services, specifically designed to assist mid-sized banks in combating money laundering and financial crime. The Oracle Financial Crime and Compliance Management Cloud Service offers a cost-effective solution for anti-money laundering (AML) processes, leveraging over 20 years of experience. Key features include extensive AML scenario catalogs, regulatory reporting templates, and custom scenario design tools. The service is currently available in North America and Western Europe, with future expansions planned. Additionally, the application suite emphasizes security and scalability on the Oracle Cloud Infrastructure.

Oracle has partnered with Pennsylvania State University to deploy the Oracle Academy program across its 22 campuses serving nearly 100,000 students. This initiative aims to prepare students for careers in cloud computing, AI, and data science by providing access to essential resources and hands-on technology experience. Notable features include Oracle Cloud Free Tier access, cloud credits, and various curriculum modules such as AI and project management. This collaboration emphasizes Oracle's commitment to enhancing computing education and skills development.

Oracle has announced that several U.S. colleges and universities, including American University of Antigua, Florida A&M University, and Lorain County Community College, have adopted Oracle Student Financial Planning to improve financial aid processes. This solution aims to enhance students' control over financial decisions related to their education. The implementation was notably swift for the American University of Antigua, completing the integration in just four weeks. The initiative is part of Oracle's broader effort to support higher education through efficient financial management tools.

Oracle's recent Retail survey reveals shifting shopping habits due to the pandemic. About 20% of consumers favor in-store shopping this holiday season, while 47% plan a mix of online and offline purchases. Despite the pandemic, 58% expect to spend the same or more than last year. Reductions in return plans drop from 77% to 38%. Key insights include a preference for gift cards and a critical need for inventory to avoid poor shopping experiences. Concerns for safety are high, with 79% emphasizing mask-wearing and 82% valuing cleaning efforts.

According to a study by Beagle Research and Oracle, most sellers find traditional CRM systems ineffective, leading to frustration and inefficiency. Key findings from over 500 participants reveal that 90% of sellers believe their jobs take longer than necessary, primarily due to manual CRM tasks. A staggering 66% would prefer to do anything else than update their CRM systems. With only 47% using their CRM regularly, the research highlights a significant gap in CRM effectiveness, suggesting a need for AI-driven solutions to improve productivity and work-life balance.