CyberSource(R) Implements Oracle(R) E-Business Suite

Oracle Financials Helps Leading E-Commerce Transaction Service Provider

Streamline Operations



Apr 19, 2001, 01:00 ET from Oracle Corp.

    REDWOOD SHORES, Calif., April 19 /PRNewswire/ --
 (http://www.oracle.com/tellmemore/?645198)  Oracle Corp. (Nasdaq:   ORCL), the
 largest provider of software for e-business, today announced that CyberSource
 Corporation, a leading provider of mission-critical eCommerce transaction
 software and services, has implemented Oracle Financials, part of the Oracle
 E-Business Suite, to create an integrated financial system across its U.S.
 operations.
     With Oracle's FastForward(SM) solution, which was implemented in 16 weeks,
 CyberSource has already begun to see a return-on-investment in the form of
 streamlined operations and reduced costs. Billing cycles that required
 significant manual processes have now been automated, better enabling
 CyberSource to shorten its billing cycles. In addition, the Oracle Payables
 and Oracle Receivables components have helped CyberSource streamline and
 further automate bill payment and collection processes while Oracle General
 Ledger affords data integrity and control.
     "Oracle's reputation as an industry leader in e-business applications was
 a major contributing factor in our decision to select the Oracle E-Business
 Suite over other vendors and point solution players," added Trish Martin, Vice
 President Customer Support and formerly Senior Director of Information
 Technology for CyberSource. "Oracle Financials offers the necessary breadth
 and functionality our organization needs. With the integration of the Oracle
 E-Business Suite, we are witnessing tangible benefits in business operations."
     As CyberSource grew to open multiple offices across the U.S. and signed on
 large customers, including more than half of the companies that comprise the
 Dow Jones Industrial Average, the company realized it needed to implement a
 software solution that would scale with its growth potential. CyberSource
 turned to Oracle because of its industry leadership and ability to effectively
 implement an integrated solution in a short time.
     Before Oracle, CyberSource used several disparate purchasing and fixed
 asset systems, which were not robust enough to keep pace with the company's
 growth. By using Oracle, CyberSource has an integrated financial system that
 allows financial information to be managed and shared enterprise-wide for
 increased efficiency and improved decision-making.
 
     About Oracle
     Oracle Corporation provides the software that powers the Internet. For
 more information about Oracle, please call 650-506-7000.
 
     Trademarks
     Oracle is a registered trademark and FastForward is a service mark of
 Oracle Corporation. Other names may be trademarks of their respective owners.
 
 

SOURCE Oracle Corp.
    REDWOOD SHORES, Calif., April 19 /PRNewswire/ --
 (http://www.oracle.com/tellmemore/?645198)  Oracle Corp. (Nasdaq:   ORCL), the
 largest provider of software for e-business, today announced that CyberSource
 Corporation, a leading provider of mission-critical eCommerce transaction
 software and services, has implemented Oracle Financials, part of the Oracle
 E-Business Suite, to create an integrated financial system across its U.S.
 operations.
     With Oracle's FastForward(SM) solution, which was implemented in 16 weeks,
 CyberSource has already begun to see a return-on-investment in the form of
 streamlined operations and reduced costs. Billing cycles that required
 significant manual processes have now been automated, better enabling
 CyberSource to shorten its billing cycles. In addition, the Oracle Payables
 and Oracle Receivables components have helped CyberSource streamline and
 further automate bill payment and collection processes while Oracle General
 Ledger affords data integrity and control.
     "Oracle's reputation as an industry leader in e-business applications was
 a major contributing factor in our decision to select the Oracle E-Business
 Suite over other vendors and point solution players," added Trish Martin, Vice
 President Customer Support and formerly Senior Director of Information
 Technology for CyberSource. "Oracle Financials offers the necessary breadth
 and functionality our organization needs. With the integration of the Oracle
 E-Business Suite, we are witnessing tangible benefits in business operations."
     As CyberSource grew to open multiple offices across the U.S. and signed on
 large customers, including more than half of the companies that comprise the
 Dow Jones Industrial Average, the company realized it needed to implement a
 software solution that would scale with its growth potential. CyberSource
 turned to Oracle because of its industry leadership and ability to effectively
 implement an integrated solution in a short time.
     Before Oracle, CyberSource used several disparate purchasing and fixed
 asset systems, which were not robust enough to keep pace with the company's
 growth. By using Oracle, CyberSource has an integrated financial system that
 allows financial information to be managed and shared enterprise-wide for
 increased efficiency and improved decision-making.
 
     About Oracle
     Oracle Corporation provides the software that powers the Internet. For
 more information about Oracle, please call 650-506-7000.
 
     Trademarks
     Oracle is a registered trademark and FastForward is a service mark of
 Oracle Corporation. Other names may be trademarks of their respective owners.
 
 SOURCE  Oracle Corp.

RELATED LINKS

http://www.oracle.com