Oracle adds to contract software

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Oracle adds to contract software

Oracle has expanding its non-database product range with the introduction of Oracle Sales Contracts and Contracts Intelligence.

A portion of Oracle's E-Business suite, Oracle Contracts is a group of applications designed to automate business practices such as contract negotiation and management. The two new products simplify increasingly complex business relationships by automating the creation, delivery and maintenance of contracts, the company said.

Oracle Sales Contracts improves order accuracy and ensures compliance with various regulations, Oracle said.

Oracle Contracts Intelligence, will provide reporting tools for managers and executives, such as statistical data related to daily sales. This will increase the accuracy of executive decision-making, and allow for more precise revenue forecasts, according to Oracle.

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