By Takin Babaei-Oracle on Feb 11, 2013
Oracle BI Applications drastically reduces the time it takes to deploy BI by delivering pre-built analytics for ERP and CRM systems. Oracle's ERP Analytics, help front line managers improve cash flow, control expenses, manage headcount and employee performance, stream-line spend and supply chain operations, and track the financial performance of major projects. Oracle's CRM Analytics provides fact-based insight into the entire sales process and into product demand, customer price sensitivity, and overall pricing. Lastly, Oracle’s Industry Analytics enables businesses take advantage of industry specific analytics to streamline their operations, offer better services, and increase profit margins
A total of four interviews were conducted for this study, involving representatives from the following companies: a power management company, a plumbing hardware company, a software company, and a US city school district system.
The study found that the companies realized the following key benefits*:
Significant ROI** – experienced a three-year risk adjusted return on investment of 97 percent with a 20-month payback period;
Lower procurement spend – realized five percent lower procurement costs in the first year and increased to seven percent in the second year;
Accounts payable savings – achieved savings of more than $1 million per year by the third year;
Lower inventory working capital – experienced 15 percent reduction in inventory for the affected product categories over three years;
Increased gross sales and prices – increased gross sales by 0.4 percent in affected parts of the organization and increased average sales price by 0.3 percent over three years.
IT and business labor savings – achieved efficiencies in both the IT and business sides of the organization;
* Source: “The Total Economic Impact of Oracle Business Intelligence Applications," a study conducted by Forrester Consulting on behalf of Oracle, October 2012.
** Composite organization achieved this return.