Deloitte and Oracle Extend Alliance to Address IFRS
By Tony Ouk on Aug 20, 2009
Deloitte recently announced that it will be partnering with Oracle to develop industry-specific content to help executives address organizational challenges associated with the conversion to IFRS. To quote from the official press release:
"Deloitte, a leader in IFRS planning and conversion, will team with Oracle to focus on industry-specific challenges of adopting IFRS in the United States and other countries... Oracle's highly specialized IFRS integration team and financial management solutions, combined with Deloitte's cross-functional service capabilities, yield an unprecedented depth of industry experience to help organizations improve information quality, manage multiple accounting frameworks, capitalize on opportunities, improve business processes and enforce global standards and controls while complying with local regulations. Over the past two years, Deloitte has made investments in IFRS methods and tools to optimize its multidisciplinary delivery of IFRS services, including an Oracle-specific IFRS solution set that streamlines the IFRS assessment and planning processes. The combined Deloitte and Oracle team will work together to refine this tool set by industry."
The first in a series of webcasts was recently recorded by members of Deloitte and Oracle focusing on IFRS and the financial service industry. Check back often to the Oracle IFRS website where this webcast will be posted soon and available to view.