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About OracleOracle (oracle.com) engineers hardware and software to travail collectively in the cloud and on your records core.
TrademarksOracle and Java are registered trademarks of Oracle and/or its affiliates. different names can live trademarks of their respective owners.
protected HarborThe following is meant to contour their regular product direction. it's suppositious for suggestions applications best, and might now not live incorporated into any contract. It is not a commitment to bring any cloth, code, or functionality, and may no longer live relied upon in making purchasing choices. The construction, liberate, and timing of any features or functionality described for Oracle’s items continues to live on the sole discretion of Oracle business enterprise.
SAN MATEO, Calif., April 17, 2018 /PRNewswire/ -- Openprise, a Silver stage and Cloud common member of the Oracle PartnerNetwork (OPN), these days introduced that it has launched a scholarship orchestration platform now obtainable on the Oracle Cloud market as a member of the Oracle marketing AppCloud. This new facts orchestration application helps entrepreneurs prepare facts, compose decisions and execute movements to dispose of manual procedures and extend advertising crew performance with Oracle advertising Cloud. The Oracle advertising AppCloud is among the industry's most complete advertising know-how ecosystems, offering Oracle valued clientele a broad set of advertising apps and records features to extend and optimize their know-how investments.
The Oracle Cloud industry is a one-cease store for Oracle valued clientele in the hunt for trusted company purposes and repair suppliers providing entertaining company options, together with ones that extend Oracle Cloud functions. Oracle Cloud is the industry's broadest and most finished public cloud, offering enterprise-grade capabilities at each degree of the cloud know-how stack including utility as a service (SaaS), platform as a carrier (PaaS), infrastructure as a carrier (IaaS) and facts as a service (DaaS).
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About OpenpriseOpenprise is a data Orchestration Platform that solves the "garbage-in/rubbish-out" difficulty for records-driven advertising and marketing and earnings teams. Openprise facts Orchestration Platform allows for marketers to prepare facts, compose decisions and execute moves for a wide array of advertising and marketing enterprise processes. marketers can without difficulty automate crucial methods akin to statistics on-boarding, statistics cleansing and enrichment, records unification across methods and statistics delivery, total with nonexistent programming. Openprise is designed from the floor up for CRM, so it has the enterprise rules, most suitable practices and statistics developed rectify in, and it seamlessly integrates with solutions dote Marketo, Oracle Eloqua, Pardot and Salesforce, so you're up and operating quick. For more information, gladden discuss with http://www.openprisetech.com.
About Oracle marketing AppCloud
The Oracle advertising and marketing AppCloud associate Ecosystem aspects essentially the most complete option of advertising expertise purposes, enabling consumers to prolong and optimize their Oracle advertising Cloud funding. through their companion integrations, customers can quite simply add on main digital advertising capabilities and facts to build a customer-centric digital dialogue and carry a greater personal and targeted cross-channel advertising adventure. discuss with the Oracle Cloud market to find total their ally solutions.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle's associate application that gives companions with a differentiated competencies to develop, promote and enforce Oracle options. OPN offers resources to train and aid really honorable capabilities of Oracle's products and solutions and has advanced to recognize Oracle's growing product portfolio, associate base and business possibility. Key to the newest enhancements to OPN is the means for companions to live identified and rewarded for their investment in Oracle Cloud. partners enticing with Oracle can live in a position to differentiate their Oracle Cloud potential and success with shoppers through the OPN Cloud application – an imaginitive application that complements present OPN application ranges with tiers of attention and revolutionary advantages for companions working with Oracle Cloud. To find out greater, consult with http://www.oracle.com/partners.
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these days, Oracle has released its quarterly patch supplant for July 2018. It fixes a listing number of 334 vulnerabilities.
The leading highlights are as follows:
The ordinary number of safety concerns launched each quarter continues transforming into this year.
CPU for July includes 203 vulnerabilities in company-important applications. It’s 61 percent of vulnerabilities institute in Oracle items.
probably the most vulnerable utility is Oracle financial services applications, totaling 56. The criticality of concerns is additionally alarming on the grounds that 21 of them can furthermore live exploited over the network without entering consumer credentials.
This CPU carries 61 vulnerabilities assessed at essential (CVSS base score 9.0-10.0). the most staid vulnerabilities of the latest CPU with a CVSS score of 9.8 are in assorted Oracle’s items, including fiscal capabilities, Fusion Middleware, PeopleSoft, EBS, Retail applications, and so on.
Two of the most extreme vulnerabilities savor been identified by ERPScan researchers within the Oracle Fusion Middleware (CVE-2018-2894 and CVE-2018-2943).
Oracle fastened 17 vulnerabilities that savor been institute by means of ERPScan researchers however determined now not to point out ERPScan’s contribution and did not supply a credit score when you consider that ERPScan savor been redeem on a Treasury sanctions record.
evaluation of Oracle essential Patch supplant for July 2018
ERPScan analysis and safety Intelligence groups deliver an evaluation of the vulnerabilities closed by pass of this faultfinding Patch replace.
This quarter’s CPU for July 2018 includes greater safety patches than the outdated CPU for April 2018 (see a bar chart).
The graph above suggests that the vendor released yet one more checklist-breaking batch of patches. it's safe to utter that there's a continuing vogue of starting to live set of Oracle CPU. The ordinary number of security patches has tripled within the terminal 4 years (from 113 to 334).
Oracle Vulnerabilities with the aid of application type
The patch updates contact a ample sweep of items. The affected product households are proven in a table and sorted in descending order of the closed issues.
Product familyNumber of patches
economic services functions
sun programs products Suite
enterprise manager products Suite
construction and Engineering Suite
JD Edwards items
give Chain items Suite
As considered from the table and illustrated in a pie chart, monetary functions applications lead by using the variety of the closed concerns. The vulnerabilities in Fusion Middleware preserve elevating and their quantity is ranked second in July’s CPU.
Vulnerabilities in Oracle’s business-important purposes
The fact that Oracle has one hundred ten,000 purposes purchasers from the wide sweep of industries, makes it of the utmost weight to apply the launched security patches.
This quarter’s CPU incorporates 203 patches for vulnerabilities affecting a scope of the most essential enterprise functions from Oracle, specifically, PeopleSoft, E-enterprise Suite, Fusion Middleware, Retail, JD Edwards, Siebel CRM, financial functions, Hospitality purposes, deliver Chain.
About sixty five % of them will furthermore live exploited remotely devoid of getting into credentials.
Oracle PeopleSoft safety
Oracle PeopleSoft is an software suite of enterprise and business solutions, corresponding to PeopleSoft Human Capital administration, financial management, agency Relationship management, commercial enterprise features Automation, and provide Chain administration. because it manages a ample sweep of enterprise strategies and shops key records, a a success assault towards PeopleSoft makes it viable for an attacker to swipe or maneuver diverse business essential tips, counting on modules redeem in in an organization.
This primary patch update carries 15 fixes for Oracle PeopleSoft with the highest CVSS ranking of 9.8.
Oracle E-business Suite safety
Oracle E-company Suite (EBS) is the main enterprise software developed with the aid of Oracle. because it manages a wide array of enterprise techniques and retailers key statistics, a a hit assault against Oracle EBS allows an attacker to swipe and maneuver distinctive business faultfinding suggestions, depending on modules installed in a firm.
This primary patch supplant consists of 14 fixes for Oracle EBS. The maximum CVSS rating is eight.2.
Oracle Vulnerabilities identified by ERPScan analysis team
This quarter, 17 faultfinding vulnerabilities institute out via ERPScan researchers savor been closed.
The details of the identified concerns are offered under:
far off command execution in Oracle MapViewer using JerseyFileUpload (CVSS base rating 9.8, CVE-2018-2943). directory traversal vulnerability permits an attacker to add some jsp file within the apps folder and execute instructions (increase privileges).
lacking Authorization investigate-in JD Edwards EnterpriseOne for SupportAssistant component (CVSS base score 7.5, CVE-2018-2944). SupportAssistant ingredient in JD Edwards EnterpriseOne doesn't operate integral authorization tests for essential characteristic, resulting in the escalation of privileges. An attacker can send gain request [http://host:port/jde/servlet/com.jdedwards.supportassistant.SupportAssistant]] and acquire total viable methods. later on, the attacker can use these methods by the use of submit request in “xml” parameter, to get, for example, any file on the file equipment.
Anon XXE in Oracle Weblogic portalTools (CVSS base ranking of 5.three, CVE-2018-3101). XXE vulnerabilities permit reading data from the server or launch a DoS assault.
JSP file importing privileges escalation in Oracle Middleware 12.2.1.three.0 (CVSS base score 9.eight, CVE-2018-2894). the use of JSP file uploading an attacker can add some JSP file within the apps folder and execute inescapable instructions (expand privileges).
pass-site Scripting (XSS) vulnerability in JDE URLBuilderService (CVSS base score of 6.1, CVE-2018-2945). Attackers can use a unique HTTP request and hijack session data of administrators of the internet resource.
assorted cross-web page Scripting (XSS) vulnerabilities in JDE GraphPrototype maflet (CVSS base score 6.1, CVE-2018-2946). Attackers can use a unique HTTP request and hijack session information of directors of the net aid.
listing traversal in JDE FileDownloader maflet (CVSS base rating 6.5, CVE-2018-2947). This security vulnerability makes it viable for attackers to traverse the file gadget to entry files that are backyard of the restricted directory.
go-website Scripting (XSS) vulnerability in JDE MMDGView maflet (CVSS base rating 6.1, CVE-2018-2948). Attackers can use a part HTTP request and hijack session records of administrators of the web aid.
pass-web page Scripting (XSS) vulnerability in JDE TEDocWindow maflet (CVSS base score 6.1, CVE-2018-2949). Attackers can use a part HTTP request and hijack session facts of directors of the internet resource.
go-site Scripting (XSS) vulnerability in JDE TETaskProperties maflet (CVSS base ranking 6.1, CVE-2018-2950). Attackers can use a part HTTP request and hijack session statistics of directors of the web resource.
Anon SQL injection in Oracle company technique management (CVSS base rating of 9.1, CVE-2018-3100). With the assist of SQL injection vulnerabilities, an attacker extracts suggestions from the local database the usage of insecure SQL requests.
File upload/down load Vulnerability in Integration Gateway – SimpleFileTargetConnector (CVSS base rating 7.four, CVE-2018-2990). Default password in integrationGateway.residences ig.fileconnector.password=EncryptedPassword allows an attacker to upload and down load whimsical data from PeopleSoft web server and gain plenary control of the PeopleSoft web server.
directory traversal the use of zip in Oracle SOA Suite for Healthcare Integration (CVSS base score 4.3, CVE-2018-3105). With the aid of listing traversal vulnerabilities, an attacker uploads JSP file and receives a webshell.
pass-website Scripting (XSS) vulnerability in JDE ShortcutLauncher maflet (CVSS base rating 6.1, CVE-2018-2999). Attackers can use a part HTTP request and hijack session data of directors of the internet useful resource.
go-site Scripting (XSS) vulnerability in JDE dtadebugger maflet (CVSS base score 6.1, CVE-2018-3006). Attackers can use a special HTTP request and hijack session information of administrators of the web resource.
CVE-2017-10269 vulnerability affecting the Jolt Protocol was now not correctly patched and nonetheless exists (CVSS base rating eight.6, CVE-2018-3007). This vulnerability enables far flung attackers to betray inside recollection of JSH approaches. It leads to exposing essential suggestions such as password, tokens, and so on.
PeopleSoft server-side template injection via whimsical HTML file introduction in ‘PSIGW/PeopleSoftListeningConnector/’ (CVSS base rating 5.four, CVE-2018-3016). Attackers can create whimsical HTML info with managed content material in server-facet by pass of submit request to PSIGW/PeopleSoftListeningConnector/.
even so, Oracle decided not to point out ERPScan’s contribution and did not provide a credit considering the fact that ERPScan were redeem on a Treasury sanctions checklist.
probably the most faultfinding Oracle Vulnerabilities Closed via CPU for July 2018
Oracle prepares risk Matrices and associated documentation describing the situations which are required to swipe odds of a vulnerability and the potential savor an upshot on of a a success assault. The severity of the vulnerabilities is calculated by pass of the unbiased Vulnerability Scoring system (CVSS ). This aims to uphold Oracle shoppers to fix the most essential considerations first.
essentially the most primary considerations closed by pass of the CPU are as follows
Oracle Spatial (jackson-databind) has CVE-2017-15095 (CVSS base score: 9.eight) – Vulnerability within the Oracle Spatial (jackson-databind) partake of Oracle Database Server. Supported versions which are affected are 188.8.131.52 and 18.1. An quite simply exploitable vulnerability makes it viable for an unauthenticated attacker with community entry by the use of distinctive protocols to compromise Oracle Spatial (jackson-databind). a hit assaults of this vulnerability can lead to a takeover of Oracle Spatial (jackson-databind).
Oracle global Lifecycle administration OPatchAuto component CVE-2018-7489 (CVSS base score: 9.eight) – Vulnerability in the Oracle world Lifecycle management OPatchAuto partake of Oracle world Lifecycle administration (subcomponent: DB specific extensions (jackson-databind)). The supported edition that is affected is All. An simply exploitable vulnerability allows for an unauthenticated attacker with network access by pass of dissimilar protocols to compromise Oracle international Lifecycle management OPatchAuto. a hit assaults of this vulnerability may halt up in a takeover of Oracle world Lifecycle management OPatchAuto.
Oracle Fusion Middleware MapViewer has CVE-2018-2943 (CVSS base score: 9.8) – Vulnerability in the Oracle Fusion Middleware MapViewer component of Oracle Fusion Middleware (subcomponent: Map Builder). Supported versions that are affected are 184.108.40.206.0 and 12.2.1.three.0. An easily exploitable vulnerability permits an unauthenticated attacker with network access by the use of HTTP to compromise Oracle Fusion Middleware MapViewer. a success assaults of this vulnerability may halt up in a takeover of Oracle Fusion Middleware MapViewer.
Oracle WebLogic Server has CVE-2018-2894 (CVSS base rating: 9.eight) – Vulnerability in the Oracle WebLogic Server component of Oracle Fusion Middleware (subcomponent: WLS – net capabilities). Supported models which are affected are 10.3.6.0, 12.1.three.0, 220.127.116.11 and 12.2.1.three. An conveniently exploitable vulnerability allows an unauthenticated attacker with community entry via HTTP to compromise Oracle WebLogic Server. successful attacks of this vulnerability may halt up in a takeover of Oracle WebLogic Server.
PeopleSoft enterprise FIN deploy has CVE-2017-5645 (CVSS base score: 9.8) – Vulnerability in the PeopleSoft commercial enterprise FIN set up ingredient of Oracle PeopleSoft items (subcomponent: safety (Apache Log4j)). The supported edition that is affected is 9.2. An easily exploitable vulnerability permits an unauthenticated attacker with community entry by the use of HTTP to compromise PeopleSoft business FIN deploy. a hit attacks of this vulnerability can result in a takeover of PeopleSoft commercial enterprise FIN installation.
Securing Oracle functions
it is totally counseled that businesses patch total these vulnerabilities to steer lucid of company risks affecting their methods. corporations featuring Oracle safety assessment and Oracle Penetration testing features may silent include these vulnerabilities in their checklists.
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business processes are at the core of what makes or breaks a business in today’s digital age. Organizations with highly optimized, adaptive, repeatable, and measurable processes are more competitive in the marketplace. In addition, organizations that are able to capitalize on disruptive technologies such as mobile, social, ample data, cloud, and the Internet of Things to transform their business and drive innovation will further differentiate themselves from their competition. The new release of Oracle business Process Management Suite (Oracle BPM Suite) 12c not only helps businesses optimize and automate their business processes, but it enables them to establish deeper connections that will drive ongoing engagement. As a result, these organizations are able to embrace key tenets of digital business by designing processes that enable loaded multichannel digital experiences for customers and employees, enabling expansion into new markets and revenue growth opportunities.
Oracle BPM Suite 12c, the industry’s most social, unified, and complete BPM solution, helps organizations manner and manage their entire business architecture.
With the new release, organizations are able to quickly adapt to rapidly changing business requirements, enhance time-to-value for new processes, and abet their customers realize improvement and efficiency gains.
Oracle BPM Suite 12c includes improvements to the product’s business Activity Monitoring and business Architecture Modeling features and enhanced uphold for Adaptive Case Management and Oracle Process Accelerators.
With richer process analytics in business Activity Monitoring, Oracle BPM Suite 12c delivers real-time results to enable users to compose faster and more-informed business decisions and quickly adapt to changing trends, markets, and other forces.
Updates to business Architecture Modeling allow users to more easily adhere to corporate goals, meet objectives, and simulate a variety of process models to achieve superior results.
Adaptive Case Management capabilities are now integrated more closely with Oracle WebCenter to handle faultfinding business documents and files, abet manage unstructured processes, and provide a richer suffer to scholarship workers and consumers.
In addition, updates to Oracle Process Accelerators abet Oracle BPM Suite 12c customers gain implementations up and running quickly, based on proven best practices.
Oracle BPM Suite 12c is partake of Oracle Fusion Middleware, the leading business innovation platform for the enterprise and the cloud.
Oracle BPM Suite 12c is available on Oracle Technology Network (OTN) and scheduled for generic availability in July, 2014.
Register for the upcoming launch webcast “Introducing Oracle BPM Suite 12c”.
Enhanced business Process ManagementOracle BPM Suite 12c is designed to deliver faster time-to-value when implementing new business processes or enhancing existing ones for the enterprise and the cloud. Key features include:
• business Activity Monitoring and Reporting: Oracle BPM Suite 12c’s business Activity Monitoring is tightly integrated with Oracle Oracle business Intelligence tools and Oracle Coherence. business Activity Monitoring delivers loaded analytics tools, out-of-the-box process dashboards, out-of-the-box analysis tools, time-based analysis, trend analysis on KPIs, and more, in order to abet organizations monitor real-time performance of processes, tasks, and people. With these enhancements, and the embedded knotty query processor, organizations can react to KPI/SLA violations, identify emerging trends and risks, and intervene early to forestall issues.• business Architecture Modeling: With Oracle BPM Suite 12c, process modeling and simulation can open at the strategic level. Using the business Process Composer feature of Oracle BPM Suite, users can capture and catalogue their business processes from birth to end, including strategic elements such as goals, objectives, and strategies, and link them to value chains and business processes that implement them. As a result, measurements such as KPIs can live rolled back up to the goals and objectives within the business architecture for faster reporting and adjusting, as well as maximized ROI on optimization.• Adaptive Case Management: Oracle BPM Suite 12c integrates more closely with Oracle WebCenter to provide better, more supple case management solutions, which typically involve the handling of faultfinding business documents and files. As a result, Adaptive Case Management helps organizations manage unstructured processes and provides a richer suffer to scholarship workers and consumers. Adaptive Case Management is furthermore integrated with Oracle R Enterprise, and helps users compose better-informed decisions to unravel uncommon issues with towering confidence.• Oracle Process Accelerators: Oracle is continually evolving and updating its Oracle Process Accelerators, which are prebuilt, best-practice processes that abet simplify and accelerate time-to-value for customers’ BPM initiatives. Available for horizontal and upright process applications, the process accelerator artifacts are easily configurable and reusable.
Supporting Quote“Business processes are integral to an organization’s success or failure, and in today’s rapidly changing enterprise environment, managers necessity process management tools that enable them to compose quick, impactful changes,” said Gangadhar Konduri, vice president, Product Management, Oracle. “With Oracle BPM Suite 12c, they are helping organizations manner and manage their entire business architecture through a supple and secure solution that can deliver rapid time to value.”
About OracleOracle (oracle.com) engineers hardware and software to travail together in the cloud and in your data center.
TrademarksOracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may live trademarks of their respective owners.
Safe HarborThe following is intended to contour their generic product direction. It is intended for information purposes only, and may not live incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not live relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.
This is about the strengths and weaknesses of Oracle BPM — and their Process Cloud, along with a viable alternative for Process Cloud (Tallyfy). Much of it is borrowed from Gartner, with some portions edited and cleaned up.
Please note this disclaimer. I’m affiliated with Tallyfy — a workflow and BPM platform which differentiates through incredible ease-of-use, customer-facing features and flexibility to drive adoption in modern teams.
Oracle BPM Suite is a platform with a solitary design time and unified engine for processes, cases, rules, human tasks, forms, analytics and integration. It is integrated with Oracle WebCenter Content and Oracle WebCenter Portal (which are both included as partake of the Unified business Process Management Suite package). Oracle Process Cloud Service is a bpmPaaS that is integrated with other Oracle Cloud Services. The following analysis refers to Oracle Unified business Process Management Suite 12c, Oracle SOA Suite 12c, Oracle Process Cloud Service release 1, Oracle Documents Cloud Service, Oracle gregarious Network and Oracle Sites Cloud Service.
Strengths of Oracle BPM and Process Cloud
Oracle’s BPM Suite features tenacious analytic capabilities that extend visibility into process performance and orchestrate processes more intelligently through real-time analytics (Oracle R for predictive analytics and Oracle Stream Explorer for streaming analytics) and event handling (through Oracle Event Processing). Dashboards and other on-demand operational intelligence reports are built using Oracle BAM, which can leverage data from a variety of different source systems, including both Oracle and third-party applications. Oracle Process Cloud Service features more tightly integrated BAM reports and forms design than Oracle BPM.
The Oracle BPM Suite offers prebuilt integrations to other Oracle products, including Oracle SOA Suite and Oracle’s ERP products, as well as a handful of adaptors for third-party applications (such as Salesforce and SAP). Oracle Process Cloud Service makes it easier for national developers to build knowing process applications that leverage a variety of Oracle and third-party services, with Oracle Integration Cloud being leveraged for more knotty service integrations.
The cloud-native Oracle Process Cloud Service features towering availability and scalability with less dependence on IT developers and operations and maintenance (O&M) staff. Applications built on the cloud service can live migrated to the on-premises version of the product.
Weaknesses of Oracle BPM and Process Cloud
Although the Oracle BPM Suite offers a loaded set of capabilities, there is leeway for improvement around the ease of use; the product is targeted more toward IT-centric developers and data scientists. Customer references surveyed by Gartner indicated Oracle BPM Suite required much greater dependence on IT developers than other vendors evaluated in this research. Oracle Process Cloud is more targeted at non-IT application authors by reducing the complexity of the configuration and decreasing the time to implement a solution, but it does so at the sacrifice of some capabilities (such as case management, complex/heavy integrations and advanced analytics).
Customer references surveyed by Gartner indicated a lukewarm flush of satisfaction with the cost/value of the platform, the performance and reliability of the platform, and the capacity of the vendor to resolve issues related to the use of the platform.
Applications built on the Oracle BPM Suite are not portable to the Oracle Process Cloud Service. While Oracle Process Cloud Service can live deployed on-premises, as well as in the public cloud, Oracle BPM suite is only available on-premises.
Alternative to Oracle Process Cloud — Tallyfy
Problem — old BPM makes modelling complicated
A noteworthy alternative to Oracle Process Cloud would live the capacity to model processes simply. Just because you savor some ample BPMN model doesn’t compose you ingenious or useful. In the end, people can/will silent savor to actually Do the process, which comes down to email/spreadsheets (unless you want a 6-month IT project). It’s simply ridiculous to use BPMN in today’s age — where people collaborate and don’t ensue flowcharts anyway. Any alternative to Process Cloud must entirely remove the use of flowcharts and in particular — BPMN. Unlike what you’ve heard about BPMN — it’s not a “standard” at all — as each vendor creates their own flavor of it. This makes the much-touted “standard” and “portability” aspect of it next to impossible to achieve.
Tallyfy uses simple lists that silent savor total the features of flowcharts
Problem — just IT and process analysts map processes. Managers crave existent power to map a process themselves
Tallyfy is the only implement that enables collaboration amongst any benign of role/person — since most people understand the simplicity of the implement in 60 seconds. The alternative to Oracle Process Cloud is not really an alternative at all — it’s an inevitable switch.
Tallyfy enables anyone to collaborate on documenting a process
Problem — nobody looks at process maps. You necessity your processes to live in simple, executable list format
This means you necessity workflow software dote Tallyfy that actually provides that simplicity, along with the power you need.
Please — let’s drop flowcharts and BPMN — it’s totally broken and useless
Consider a stunning alternative to Oracle Process Cloud — Tallyfy
It integrates to everything, and it actually works for everyone.
Take a peek at a video demo of Tallyfy below, as a viable, user-friendly alternative to Process Cloud.
Brisbane-based consulting and managed services provider, Rubicon Red, has inked an agreement with a tier-1 financial institution in Australia, to deploy Oracle’s technology for the company.
This “major go-live” was aimed at transforming the lending fulfillment process and workflow for managing business banking landing for this tier-1 financial company, which Rubicon Red declined to name.
Other terms of the agreement were furthermore undisclosed.
Rubicon Red, founded in 2009, is a platinum flush member of Oracle PartnerNetwork (OPN), with focus on Cloud, DevOps and 12c migration.
Oracle is its primary vendor partner, but the company furthermore deals with other technologies with automation capabilities, such as AWS and Puppet.
Rubicon Red CEO, John Deeb, said the new system means business banking customers can potentially gain the green light on their loan approvals of up to three times faster.
The financial institution was looking to improve on a number of its business metrics, including the time taken to endorse loans, and being “close partners with Oracle” led to the making of this deal, Deeb told ARN.
“With 2000-5000 bankers and fulfilment staff interacting with the new system every day, the organisation anticipates significant cost savings and improved customer service, looking to slit loan approval times for business banking customers.”
Deeb explained that Rubicon Red was a “key design and evolution partner” on this “significant transformation project” that optimises the lending process, a core partake of the business.
He said the end-to-end system was implemented using Oracle business Process Management Suite 12c integrating with a number of key business systems using Oracle SOA Suite 12c running on Oracle Exalogic and Oracle Exadata.
Rubicon Red upgraded the system from Oracle BPM 11g to Oracle BPM 12c, and leveraged Rubicon Red FusionCloud to streamline dev/test in the cloud. The phased go-live, according to Deeb, delivered a “smooth transition” to the new system.
“It builds on their position as a leader in Oracle Middleware, re-affirming their commitment to helping customers on their digital transformation journey.
“We’re going to focus on continuous improvement with this solution and believe that there will live a sweep of enhancements as it integrates more of its workflow across the business. This is just the birth of a broader use of the BPM technology,” Deeb mentioned to ARN.
Deeb furthermore said that this deployment reinforces Rubicon Red’s specialisation in both the Oracle technology and the Oracle BPM technology across multiple verticals, especially in Federal Government departments, financial organisations, mining and resourcing, logistics, and transportation.
“As financial institutions and other organisations peek to leverage workflow and workflow automation more, they would live looking at partners that savor helped other organisations to deliver, maximise customer experience, and creating measurable metrics.”
In September 2016, Oracle honoured its top performing partners across the world, with Rubicon Red taking home the Specialised ally of the Year: Middleware award.
“Rubicon Red’s recent Oracle Process Cloud Service implementation and on-going investment in the new cloud services positions it perfectly to abet their customers on their journey to the Oracle Cloud,” Oracle Corporation vice-president of product management, Vikas Anand, said.
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