Sorry I have to say this but when I read I immediately thought about health insurance exchanges as they are already using Oracle Access and ID as one of the main stream functionalities of the entire project. Right now QSSI has created the Federal Hub and with what technologies we don’t know but this sounds like a platform that could fit right in and again a lot of coding has been done already. From the website, it also offers Sarbanes-Oxley (SOX) compliance.
“The Sarbanes-Oxley Act of 2002 (SOX) prompted companies across the United States to reexamine their corporate governance and financial reporting systems. Although compliance efforts regarding the sales process are often overlooked, a typical inquiry-to-order process introduces a high probability for SOX compliance issues to arise. Manual sales processes with high levels of manual interaction are fraught with SOX compliance risk. BigMachines can assist companies in their SOX compliance efforts by providing solutions to these issues. Three areas where compliance issues often occur are customer discounts, quote/order approval, and channel discounts/promotions.”
The CEO and founder of the company spent over 15 years at Oracle and the list of company executives is interesting when you look at the mix of where they all came from. BigMachines has financial and healthcare offerings. It will do order execution and has a complete ERP integration not only with Oracle but Microsoft, SAP, JDEdwards, BaaN, and many other legacy systems (legacy, think gov). It has an approval tracking process with full audit trails. The process of using the “cloud” is how this works and again the integration with CRM is tops here so people can communicate and follow up and get reports along with sales analytics as needed. BD
IDG News Service (Boston Bureau) — Oracle is hoping to differentiate its CRM (customer relationship management) software from the competition with the acquisition of BigMachines, whose cloud-based system helps salespeople quickly put together and price complex orders.
Terms of the deal, which was announced Wednesday, weren't disclosed. It is expected to close this year.
BigMachines' software will be combined with Oracle's products for marketing, sales, customer service and e-commerce, according to a statement.
Some 275 companies, including Coca-Cola, ADP and Siemens, use BigMachines' software, according to Oracle. It has products for both small companies and large enterprises.
Oracle had been working on cloud-based CPQ (configure, price, quote) software already but buying BigMachines will help it get this functionality into its Sales Cloud more quickly, according to the FAQ.