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Oracle Corp. has released Oracle Price Protection, a new application intended to streamline pricing, promotions and product-discount management. Developed in partnership with Infosys Technologies Ltd., Price Protection automatically updates, aggregates and provides access to a distributor's purchasing, inventory, costing and financial information. In the process, Oracle says, distributors can reduce errors during claims execution, speed settlements and mitigate future discrepancies. Designed to work out of the box with the Oracle E-Business Suite Release 12.1, the new application draws on the technology of Oracle Fusion Middleware, enabling integration with existing enterprise resource planning systems. The tool requires minimal IT resources and allows for rapid deployment, Oracle says. It supports claims submitted and settled for covered product inventory, open purchase orders that are adjusted with the latest inbound price-list updates, notification to pricing team members who need to publish updates to outbound and channel price lists, and costing and financial system updates that reflect cost changes in real time.
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