By jmorourke on Jul 21, 2011
I’ve written before about the increasing use of EPM and BI tools for environmental and sustainability reporting. As organizations outgrow spreadsheet approaches to collecting and reporting environmental metrics they are looking to software vendors for special purpose tools, or extensions of existing applications to bring rigor and control to this process.
In response to this trend, Oracle recently released Oracle Environmental Accounting and Reporting (EA&R) for Oracle E-Business Suite and JD Edwards EnterpriseOne Financials. Oracle EA&R enables organizations to track their greenhouse gas (GHG) emissions and other environmental data for both voluntary and legislated emissions reporting schemes. The solution manages this function from within the existing ERP system and utilizes Oracle Business Intelligence to provide immediate insight into an organization’s environmental data to identify and manage CO2 and cost reduction opportunities—providing rapid ROI.
This will be a great solution for existing Oracle E-Business Suite and JD Edwards EnterpriseOne customers who would like to extend the capabilities of their existing system to collect and report this information internally or externally. EA&R enables organizations to:
Automate Environmental Data Collection – by leveraging existing systems and business processes, with user access control and full audit trails, and multiple data entry options.
- Calculate Greenhouse Gas Emissions - in accordance with the Greenhouse Gas Protocol, defining emissions factors by source, and managing emissions factor changes over time
- Analyze KPIs and Comply with Regulations – with pre-built analytics and dashboards, including for the Carbon Disclosure Project (CDP), custom KPI definition and ad hoc reporting, comparative analysis and benchmarking to drive energy savings
This new application is complementary to other solutions Oracle offers to help with environmental and sustainability reporting including Oracle Sustainability Sensor Data Management, for detailed data collection from utility meters and sensors as well as Oracle Hyperion Financial Management for corporate-level GRI reporting.
If you would like more information about Oracle Environmental Accounting and Reporting here’s a link to the press release as well as OEA&R page on Oracle’s web site:
Here’s a link to the Sustainability solutions pages on O.com: www.oracle.com/green