Sheridan Production Enhances Oracle E-Business Suite With Automated Invoice

ReadSoft's Oracle E-Business Suite-certified invoice processing solution has been implemented at Sheridan Production Co., a Houston-based oil and gas production company, to automate accounts payable operations. ReadSoft and partner INSYTE Information Corporation assisted the Sheridan team with the accounts payable enhancements.

With a strategy focused on acquiring mature producing oil and gas properties in the U.S., Sheridan Production faces an ever-increasing number of paper-based invoices. Along with basic invoice information, employees were manually typing in line item information from every incoming invoice into the accounts payable application. In addition, approvals were obtained from various district offices causing the invoice flow to be costly and inefficient. Sheridan turned to ReadSoft to alleviate the manual focus of their accounts payable department and help automate the approval process for operating personnel.

''Having implemented Oracle E-Business Suite at other larger corporations, working with the ReadSoft team has been terrific,'' said Anne Oglesby, Accounts Payable Supervisor at Sheridan Production. ''Not only did ReadSoft's solution simplify a complex business process, but its staff maintained first-rate customer focus during the entire process.''

The ReadSoft solution has been installed with Sheridan's Oracle E-Business Suite system to not only automatically capture information from paper invoices but also to utilize ReadSoft's automated workflow and approval procedures. ReadSoft's solution has achieved the highest possible product certification with Oracle E-Business Suite which gave Sheridan confidence to partner with ReadSoft.

''With Sheridan's expected future growth, we needed to have the infrastructure in place to process invoices as timely and efficiently as possible to help minimize costly manual procedures and maximize efficiency of vendor pay,'' said Tim Blaine, Sheridan Production CFO. ''ReadSoft's solution allows us to better utilize our current staffing with only modest planned increases as we continue to grow.''

''When growing companies like Sheridan Production handle accounts payable inside the Oracle E-Business Suite system, they will experience improved control of cash flow and invoices,'' said Bob Fresneda, President of ReadSoft North America. ''The ReadSoft and INSYTE teams are both pleased that the solution is successfully in production with Sheridan already experiencing the benefits promised.''

About ReadSoft:

ReadSoft is the global leader in the development and sales of a complete product platform for Document Process Automation. With thousands of customers on a global basis, ReadSoft supports customers and partners in North America with offices in 7 locations, including the corporate headquarters in New Orleans, LA.

Established in 1991, ReadSoft was first to bring free form technology for invoice processing to market and first to achieve certifications to enterprise resource planning systems such as SAP and Oracle. ReadSoft has become the global technology leader, with operations in 16 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to assist customers and partners on a global basis. ReadSoft's vision is to free businesses everywhere from manual document handling. For more information please visit www.readsoft.com.

For more information, please contact: Alayne Pregeant Marketing Manager ReadSoft 504.841.0119 alayne.pregeant

Source: www.newspress.com

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Oracle Tuxedo Now Available

* Oracle today unveiled Oracle Tuxedo 10g R3, a component of Oracle Fusion Middleware.

* Oracle Tuxedo 10g R3 provides mainframe-class scale and performance on open, distributed systems for software written in C, C++, and COBOL, and is the premier platform for "rehosting" mainframe applications on mainstream hardware.

* Oracle Tuxedo 10g R3 is the latest in a series of product releases that combine technology from Oracle Fusion Middleware and BEA Systems. These products illustrate the rapid progress that Oracle is making in combining market-leading technologies from the two companies into a unified product offering.

* Oracle also announced the availability of Oracle Service Architecture Leveraging Tuxedo (SALT) 10g R3 and Oracle Tuxedo System and Application Monitor (TSAM) 10g R3. The new releases are focused on standardization and improving SOA-enablement.

* Oracle SALT is the SOA-enablement product option for Oracle Tuxedo. Oracle SALT provides a standards-based, easy-to-use, configuration driven, bi-directional Web-services gateway and an SCA container to simplify new application development using standards based programming model while leveraging Oracle Tuxedo infrastructure.

* The new features and capabilities of Oracle Tuxedo 10g R3, Oracle SALT 10g R3 and Oracle TSAM 10g R3 are combined with enhanced integration with the following Oracle Fusion Middleware components: Oracle Coherence, Oracle SOA Suite, Oracle Identity and Access Management Suite.

* Oracle Tuxedo 10g R3 is certified with Oracle Clusterware to improve the availability of existing and new applications. Because Oracle Clusterware is a also certified with Oracle Real Application Clusters, integration between Oracle Tuxedo 10g R3 and Oracle Real Application Clusters is significantly enhanced.

Source: www.hardwarezone.com

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SAP wants information about Oracle's deal with partner

SAP wants a federal court to make Oracle hand over records of its business arrangement with CedarCrestone, an Alpharetta, Georgia, systems integrator that provides third-party support for Oracle PeopleSoft applications.

The filing was made on Jan. 16 in U.S. District Court-Northern District of California, in connection with the lawsuit Oracle filed against SAP in March 2007. Oracle charges that SAP's now-shuttered subsidiary TomorrowNow, a provider of third-party support for Oracle's PeopleSoft, JD Edwards and Siebel applications, illegally downloaded material from Oracle's support systems and used it to woo Oracle customers.

SAP has said that TomorrowNow workers were authorized to download materials from Oracle's site on behalf of TomorrowNow customers, but acknowledged some "inappropriate downloads" had occurred. SAP has also said that Oracle's software remained in TomorrowNow's systems and has denied Oracle's allegations of a wider pattern of wrongdoing.

SAP's Jan. 16 filing argues that since "Oracle's partners apparently pay for the right to access Oracle's Software and Support Materials," Oracle's deal with CedarCrestone is "directly relevant" to calculating damages in the suit.

"Moreover, the mere fact that customers have options for support from Oracle partners (rather than obtaining support services directly from Oracle) may prove that customers would have left Oracle to get support elsewhere regardless of the activities of TomorrowNow," the filing adds.

In addition, SAP wants Oracle to provide the terms and conditions by which CedarCrestone can access and use Oracle software and support materials; and "documents sufficient to identify" which Oracle customers CedarCrestone is supporting.

SAP also issued a subpoena to CedarCrestone in November, seeking a range of information on its relationship with Oracle, according to another filing. In a Dec. 8 letter, an attorney for CedarCrestone objected to the subpoena on the grounds it was "overbroad, vague, ambiguous and burdensome," and also requested proprietary and confidential information. The attorney could not immediately be reached for further comment Tuesday.

Oracle and SAP both declined comment Tuesday.

The Jan. 16 filing follows another request by SAP that could bring potentially sensitive information from Oracle into public view. SAP recently asked that Oracle reveal its profit-margin information regarding PeopleSoft and JD Edwards software and support, also saying such information would be relevant to calculating damages.

A settlement conference in the case has been scheduled for Feb. 23, and a trial date is set for February 2010.

Author: Chris Kanaracus @ IDG News Service

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