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PureFormulas.com spent an estimated 1,000 hours, or more than 40 full days, meeting with or investigating all the major e-commerce platform vendors-including Demandware Inc., hybris AG, Magento-before buying from Oracle Corp. The retailer signed a contract with Oracle in May 2013, downloading Oracle Commerce software on its own servers. The implementation required in-house design work and coding in advance of the full launch in August of the retailer's new platform-which has also been deployed by larger retailers, including, last year, Kohl's Corp., a retail chain that took in $1.76 billion in web sales in 2013, according to Top500Guide.com.

PureFormulas.com spent an estimated 1,000 hours, or more than 40 full days, meeting with or investigating all the major e-commerce platform vendors-including Demandware Inc., hybris AG, Magento-before buying from Oracle Corp. The retailer signed a contract with Oracle in May 2013, downloading Oracle Commerce software on its own servers. The implementation required in-house design work and coding in advance of the full launch in August of the retailer's new platform-which has also been deployed by larger retailers, including, last year, Kohl's Corp., a retail chain that took in $1.76 billion in web sales in 2013, according to Top500Guide.com.

PureFormulas.com spent an estimated 1,000 hours, or more than 40 full days, meeting with or investigating all the major e-commerce platform vendors-including Demandware Inc., hybris AG, Magento-before buying from Oracle Corp. The retailer signed a contract with Oracle in May 2013, downloading Oracle Commerce software on its own servers. The implementation required in-house design work and coding in advance of the full launch in August of the retailer's new platform-which has also been deployed by larger retailers, including, last year, Kohl's Corp., a retail chain that took in $1.76 billion in web sales in 2013, according to Top500Guide.com.

The May 2013 edition of Business Officer includes an article highlighting the increase in institutions moving to responsibility center management (RCM). The article highlights several universities using RCM including the University of Florida who abandoned their traditional incremental budgeting in 2011 because it lacked transparency and didn't provide the incentives or resources to grow, change, or shrink programs. The article includes comment based off the interview with Matthew Fajack, vice president and chief financial officer and Sheri Austin, assistant vice president and director of university budgets. Matthew noted the university achieved its goal on the transparency side allowing people to now understand their costs and where revenues come from. Sheri further explained that RCM isn't the culprit in dwindling budgets but rather state appropriations that prompted budget cuts. The article notes that since RCM was implemented, all of the responsibility centers at the university have been able to meet the budget or, come very close.

Tony Kontzer's article on Ovation Brands - including a quote from CIO Patrick Benson - was called out in the editor's note at the beginning of the special report. "Those who have gone beyond testing the waters are finding there is no looking back. In Tony Kontzer's cover story, Ovation Brands CIO Patrick Benson recounts how the chain restaurant operator was faced with an outdated IT infrastructure and needed help fast; it found it in software as a service. "The major difference in the journey has been the warp speed at which we were really able to do this. It wasn't artificial or forced. It's just an organically faster process," Benson said. "We used to wait a day or two just to get the previous day's performance information. That stuff now becomes real-time."

Tony Kontzer's article on Ovation Brands - including a quote from CIO Patrick Benson - was called out in the editor's note at the beginning of the special report. "Those who have gone beyond testing the waters are finding there is no looking back. In Tony Kontzer's cover story, Ovation Brands CIO Patrick Benson recounts how the chain restaurant operator was faced with an outdated IT infrastructure and needed help fast; it found it in software as a service. "The major difference in the journey has been the warp speed at which we were really able to do this. It wasn't artificial or forced. It's just an organically faster process," Benson said. "We used to wait a day or two just to get the previous day's performance information. That stuff now becomes real-time."

According to a study conducted by Oracle Evolution of Experience Retailing, consumers want to retail store is not limited to, a city or a country, take into account local needs and expectations, and was due to their individual preferences. 87% of Russian respondents said that the quality of care for them very or quite important, while 70% intend to shop in other countries to get the best prices.

According to a study conducted by Oracle Evolution of Experience Retailing, consumers want to retail store is not limited to, a city or a country, take into account local needs and expectations, and was due to their individual preferences. 87% of Russian respondents said that the quality of care for them very or quite important, while 70% intend to shop in other countries to get the best prices. Russian consumers as well as consumers in other countries, learn increasingly global market opportunities so retailers must bring to the fore the initiative to identify key business requirements, to meet customer demand and ensure more effective competition.

The quality of service in the store is very or fairly important for 87% of Russian buyers, and 70% intend to shop in other countries where prices are lower. These conclusions were analysts at Oracle, conducting research Evolution of Experience Retailing. Experts also found that consumers want to retail store was not limited to, a city or a country, take into account local needs and expectations, and was due to their individual preferences.

Article highlighting the results of Oracle's recent "Water for All" study which surveyed 244 senior water utility executives and found wasteful consumer behavior to be the biggest barrier in meeting rising demand that's also driven by growing populations and climate change. The article also notes that the report found that more than a third of the executives surveyed said the risk of demand outstripping supply by 2030 is "highly likely" or "essentially certain" and that most water utilities are increasing investments to meet supply challenges, with 22 percent surveyed boosting spending by 15 percent or more in the next three years.

Article highlighting the results of Oracle's recent "Water for All" study which surveyed 244 senior water utility executives and found wasteful consumer behavior to be the biggest barrier in meeting rising demand that's also driven by growing populations and climate change. The article also notes that the report found that more than a third of the executives surveyed said the risk of demand outstripping supply by 2030 is "highly likely" or "essentially certain" and that most water utilities are increasing investments to meet supply challenges, with 22 percent surveyed boosting spending by 15 percent or more in the next three years.

Oracle (www.oracle.com) introduced the MICROS Workstation 6, using Microsoft Windows Embedded 8.1 and the latest Intel Atom processor. It works in concert with mobile, cloud and social media to deliver consistent, integrated content across multiple sources, and can offer guest recommendations, special promotion rollouts and more. The Workstation 6 incorporates the design elements of a mobile POS in an ergonomic, all-in-one design with a 15.6-inch-wide HD touchscreen, and a spill and impact resistant enclose. Additionally, it can be mounted on a stand that allows staff to adjust the screen angle or swivel it for guest to view. The integrated, three-track magnetic card reader allows for 3DES or AES encryption upon swiping, and includes six USB ports for attaching printers, scanners, cash drawers and more.

Returns are a fact of retailing and merchants have to be ready to deal with them. For instance, Stage's Oracle Corp. merchandising system allows the retailer to route online returns to either a distribution center if an item is still in season and salable or, if it isn't, to one of four clearance centers the chain maintains. During the holiday season, Hunter sets up special arrangements with makers of traditional holiday gifts, such as heated ice scrapers and other small items that might be featured in a Black Friday display, to have those products returned directly to the manufacturers or to have them shipped back in bulk from the stores' returned goods center in Jacksonville, Texas. Some vendors also agree to take back unsold products.

Highlighting that Oracle has announced Oracle Utilities Network Management System 1.11, offering new modeling and analysis features to improve distribution-grid management for electric utilities. The article notes that Oracle Utilities Network Management System 1.11 will help utilities improve customer service levels and network reliability; provide operational support for electric, gas, and/or water delivery networks; deliver a positive response to bad press resulting from poor customer responsiveness or major operational disruption and get more out of their smart grid investments and related data. The article also includes comments from Brad Williams, vice president of industry strategy, Oracle Utilities noting that the application provides customers with a complete and accurate view of their specific circumstance including estimated restoration times and validation of restoration.

At the recent Oracle Industry Connect Conference held in Boston, a number of speakers from prominent retailers including Kohl's, Hot Topic, and C. Wonder extolled the virtues of "vanilla" implementations of enterprise systems. In this context, vanilla means implementing an enterprise platform with all or many of that vendor's applications, minimizing customization or use of one-off "best of breed" solutions.

Today, e-commerce - now based on a new software platform from Oracle Commerce - accounts for about 2 percent of the company's sales and is growing at about 40 percent per year. Stage Stores expects it to reach 5 percent to 7 percent of sales - equivalent to its competitors - in the near future. E-commerce also enables the company's Send program, based on NCR Retail Endless Aisle technology, which allows customers to have merchandise shipped directly to their homes from another store or distribution center if their size or color is not available in the store they are visiting.

Retailers are also benefiting from more pervasive access to real-time information. Data stored in superfast in-memory computer systems allows store managers to generate reports in real time instead of at the end of a day or week, and new data visualization technologies make that data more comprehensible and actionable. "Now this is on everyone's iPhone or iPad in real time," says Dorf. "The speed at which technology allows us to get access to information is changing things dramatically."

Oracle Financial Services has expanded its Oracle Financial Services Enterprise Risk Management suite to include a new model risk management solution, as well as enhanced offerings for regulatory capital management and credit risk management. Oracle's Enterprise Risk Management suite, part of the Oracle Financial Services Analytical Applications family, provides a single, unified platform that helps today's financial institutions meet increasingly complex compliance requirements and performance objectives. The end-to-end platform enables financial services organizations to effectively identify and manage risk to support their risk-adjusted performance objectives, promote a proactive risk management culture and mitigate the costs of compliance. Model Risk Management To meet evolving regulatory mandates, financial institutions require a comprehensive view of risks associated with inaccurate or improperly applied financial and business models. Many firms are struggling to achieve this transparency because they continue to manage their models in siloed environments. Oracle Financial Services Model Risk Management provides a common environment to manage all risks associated with the use of models, including risks arising due to poor data quality, incorrect or inappropriate use, design flaws, incorrect implementation and unauthorized access. The solution delivers a single repository for all model information across the enterprise, includes pre-built dashboards to jump start benefits and provides drill-down capabilities for in-depth insight. This application provides a common environment to manage risks associated with the use of models including risks arising due to data quality, incorrect or inappropriate usage, design flaws, incorrect implementation and unauthorized access. The solution helps firms to improve governance around the use of models through a comprehensive, structured and consistent framework for periodic assessment and validation of models ac

Colleges and universities overcome tough questions about student outcomes. GUEST COLUMN | by Keith Rajecki Remember the days of sink or swim? When getting a student in the door was considered succe…

Colleges and universities overcome tough questions about student outcomes. GUEST COLUMN | by Keith Rajecki Remember the days of sink or swim? When getting a student in the door was considered succe…

Oracle has released Oracle Retail Release 14, offering new features throughout its suite of retail solutions that address customer engagements across touchpoints, and allow for more targeted assortment planning and greater inventory efficiency. The release offers new operational and planning processes that allow customers to buy, pick-up or return items in any channel and equip retailers to fulfill demand without channel constraints. The planning solution offers advanced clustering, microspace optimization, assortment and item planning, size-and-pack and clearance capabilities and uses retailers' own customer data to identify the factors driving buying patterns, allowing them to get even closer to the unique preferences of their customers.

Oracle has released Oracle Retail Release 14, offering new features throughout its suite of retail solutions that address customer engagements across touchpoints, and allow for more targeted assortment planning and greater inventory efficiency. The release offers new operational and planning processes that allow customers to buy, pick-up or return items in any channel and equip retailers to fulfill demand without channel constraints. The planning solution offers advanced clustering, microspace optimization, assortment and item planning, size-and-pack and clearance capabilities and uses retailers' own customer data to identify the factors driving buying patterns, allowing them to get even closer to the unique preferences of their customers.

The March 10 edition of Education Dive includes the following article on Oracle's announcement of several major investments in its higher education solutions. The article highlights the planned release of the next version of Oracle's PeopleSoft Campus Solutions suite and the new Oracle Student Cloud. The article further discusses how these investments are meant to provide institutions with increased flexibility and choice - specifically giving institutions the option of on-site or cloud-based deployments for their student and enterprise resource planning (ERP) systems.

The March 10 edition of Education Dive includes the following article on Oracle's announcement of several major investments in its higher education solutions. The article highlights the planned release of the next version of Oracle's PeopleSoft Campus Solutions suite and the new Oracle Student Cloud. The article further discusses how these investments are meant to provide institutions with increased flexibility and choice - specifically giving institutions the option of on-site or cloud-based deployments for their student and enterprise resource planning (ERP) systems.

""Customers love to shop Neiman Marcus from anywhere in the world, in stores and via e-commerce, or with our call center representatives, and we will continue to improve our ability to get the right items to them conveniently and with a full service model. Taking advantage of better analytics, information and processes enables us to serve customers better while improving margins in support of our offline to online global initiative," Karen Katz, the CEO of Neiman Marcus Group, states in a news release from Oracle."

""Customers love to shop Neiman Marcus from anywhere in the world, in stores and via e-commerce, or with our call center representatives, and we will continue to improve our ability to get the right items to them conveniently and with a full service model. Taking advantage of better analytics, information and processes enables us to serve customers better while improving margins in support of our offline to online global initiative," Karen Katz, the CEO of Neiman Marcus Group, states in a news release from Oracle."

"It changes the way your hotel operates," said Boro Petrovic, Oracle Hospitality's chief technology architect. "Your workforce is constantly connected. If you need to send housekeeping or maintenance to a room, you can do that from your smartphone somewhere else on the property."

"It changes the way your hotel operates," said Boro Petrovic, Oracle Hospitality's chief technology architect. "Your workforce is constantly connected. If you need to send housekeeping or maintenance to a room, you can do that from your smartphone somewhere else on the property."