SAN MATEO, CA -- 11/23/09 --
Star
Analytics, Inc., the leader in financial application process automation
and integration software, today announced support for Oracle's Fusion
Middleware platform with its flagship product, the Star
Finance Command Center. The combined solution greatly reduces the cost
and complexity of finance systems for faster and more profitable business
decisions.
The Star Finance Command Center has gained significant traction in the
office of the CFO with deployments across industries such as manufacturing,
financial services, energy and technology. The application greatly improves
the reliability, consistency, and timeliness of finance application data
through its ability to seamlessly chain together and automate application
processes across a whole ecosystem of finance applications. By extending
its open, pluggable architecture, the Star Finance Command Center provides
additional value by seamlessly melding with business processes that are
managed through the Oracle Fusion Middleware platform and the BPEL Process
Manager.
"Given our deep experience in the EPM space, we understand the challenges
that enterprises face in gaining optimal value from their planning and
analysis applications," said Quinlan Eddy, founder and CEO of Star
Analytics. "Star Finance Command Center is a perfect complement to Oracle's
BPEL Process Manager and Fusion Middleware architecture. The ability for
the Star Finance Command Center to work in unison with Oracle's components
will greatly reduce the cost and complexity of automating and managing
critical end-to-end application and business processes."
"As a senior finance executive, I have seen business planning, analysis, and
financial consolidation applications become the heartbeat of the world's
largest and most successful companies," said Jeffrey Brobst, a Star
Analytics advisory board member. "News that we have heard recently from mega
vendors emphasizes that the winds are changing in how businesses view their
key financial applications. ERP is no longer the sole source of truth in an
organization. Having used the Star Finance Command Center and Oracle
together in practice, I have seen how the ability to automate these disparate
financial application processes and platforms is critical to realize full
value of finance systems."
Added Value for Oracle Customers
-- Growing Adoption: More companies are turning to Star Analytics for a
strategic financial automation platform that complements Oracle, including
one of the largest global coatings manufacturers in the world. Other 2009
customer wins include one of the world's largest pharmaceutical companies
that selected Star Analytics technology to automate a world-wide planning
and analysis system; a San Francisco-based financial services leader that
is using Star Analytics technology to streamline financial planning and
analysis applications; and a leading credit card company that selected the
Star Finance Command Center to deliver intelligent automation around their
Oracle Hyperion Planning environment.
-- Expanded partner ecosystem offers value-added consulting services and
best practices for Oracle customers: A growing number of partners are
incorporating Star Analytics technology into their business intelligence,
enterprise performance management and data warehousing offerings, including
interRel Consulting, Ranzal & Associates, Linium and Global Analytics.
About Star Analytics
Star Analytics is the leader in Financial Application Process Automation
software, offering enterprises a cost-effective way to automate and
integrate disparate financial and operational data for better business
decisions. Fortune 1000 companies in all major industries use Star
Analytics to improve business planning and analytics and reduce the burden
on IT by automating the integration and management of financial processes
and data. Partners include Oracle, IBM Cognos, SAP BusinessObjects,
QlikTech, and Microsoft. Headquartered in San Mateo, California, Star
Analytics is a privately-held company backed by Hummer Winblad Venture
Partners and LightSpeed Venture Partners. Visit
http://www.staranalytics.com.
Star Analytics is a registered trademark and the Star Analytics logo is a
trademark of Star Analytics. All other names mentioned herein may be
trademarks of their respective owners. This press release is for
informational purposes only and no offer to buy or solicitation of an offer
to sell any securities is made hereby. Certain information contained in
this news release is forward-looking and is subject to unknown risks and
uncertainties. The actual results, performance or achievements of the
company may differ materially from the results, performance or achievements
of the company expressed or implied by such forward-looking statements.
Media contact
Joanna Rustin
Rustin Communications for Star Analytics
866-496-8028
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