Oracle has released two separate Oracle AIA Foundation Packs for Industries, covering the utilities and insurance sectors.
The Foundation Packs deliver industry-specific object and service components, industry best practice processes and other modified governance tools and components.
Oracle AIA Foundation Packs enable companies to unify their application portfolio through flexible composite business processes. It helps companies standardise processes by making all applications work as one unified product on an open, standards-based platform. It makes no difference if the applications are from Oracle, third-party or custom-developed.
Oracle's AIA Insurance Foundation Pack enables insurance companies to accelerate application integration, especially between claims and financial systems in order to process claim payments, set up claim reserves and pursue outstanding debt.
It also facilitates integration with policy administration and other systems, from Oracle or a third-party.
The first release of Oracle AIA Utilities Foundation Pack industry includes industry-specific enterprise business objects, a complete set of activity-based industry process models and other modified horizontal enterprise business services and objects.
Utilities customers can use Oracle AIA Utilities Foundation Pack to facilitate integration design and enable composite business processes, including concept to launch, order to bill, meter to cash and customer self service, said Oracle.