Oracle has unveiled its first Fusion Apps at the Oracle OpenWorld 2010 user conference in San Francisco.
Fusion Apps are designed to be easier to customise and integrate with other software, which analysts have predicted could save businesses millions in system integration costs.
Oracle said Fusion Apps are standards-based, incorporate best practices gathered from its users, and are built on a service-oriented architecture to enable users to manage functions across a heterogeneous environment.
"To set a new standard, we listened and gathered the best practices from thousands of customers to deliver the first 100% open and standards-based business applications," said Steve Miranda, senior vice-president of Oracle application development.
Fusion Apps are also role-based and feature embedded business intelligence to enable decisions within the context of the work being performed.
Delivered as a complete suite of modular applications, businesses can roll out Fusion Apps at a pace that matches business needs for a new level of performance, the company said.
The first Fusion Apps comprise more than 100 modules in financial management, procurement and sourcing, project and portfolio management, human capital management, customer relationship management, supply chain management, and governance, risk and compliance.