Announcing Oracle Environmental Accounting and Reporting
By Theresa Hickman on Jun 23, 2011
Oracle just launched a new product called Oracle Environmental Accounting and Reporting designed to help company’s track and report their greenhouse emissions at the operational level.
Companies around the world are facing increasing pressure to improve their energy efficiency and reduce waste in their operations. Also, new worldwide greenhouse gas legislation is putting added pressure on companies to report the impact of their emissions and energy usage on the environment. Today, companies undergo extensive and expensive data audits to maintain a ledger of up-to-date emissions factors that compare figures on an annual basis. Existing “ad hoc” approaches utilizing manual or niche solutions have a high operational cost and weak data security and audit-ability. The ideal solution is to embed environmental usage within the mainstream business operations, such as recording energy usage at the time of invoice entry, and then report on those results. This is precisely what Oracle Environmental Accounting and Reporting is designed to do. You can now capture environmental data either electronically or manually; convert that to greenhouse gas emissions; comply with mandatory and voluntary greenhouse gas reporting schemes; and identify opportunities for CO2 emissions and cost reductions.
Oracle recently acquired the intellectual property for this solution which works with both Oracle E-Business Suite Release 12 and JD Edwards EnterpriseOne Release 9.0.
For more information, visit Oracle Environmental Accounting and Reporting.