Oracle Launches Oracle® Enterprise Taxation Management Solution, Enhancing Leadership in Public Sector

REDWOOD SHORES, Calif. 11-JUN-2007 05:01 AM Building on its established leadership in delivering mission-critical software solutions to the public sector, Oracle today announced the launch of its Oracle(r) Enterprise Taxation Management software suite.
Oracle Enterprise Taxation Management is a secure, tax-specific, commercial off-the-shelf software solution that enables tax and revenue authorities to optimize revenue collection. It provides a flexible, integrated alternative to custom-built systems that are expensive to maintain and difficult to adapt to new taxes and regulations.

Enterprise Taxation Management provides a single, unified view of each taxpayer by consolidating information from multiple legacy systems across all tax and revenue sources, enabling agencies to better bill, collect and manage funds. The solution helps improve revenue generation, tracking and compliance.

"The public sector, both in the United States and internationally, is one of the cornerstones of Oracle's business. We're number one in the public sector, which is the largest industry we serve," said Oracle President Charles Phillips. "The addition of Oracle Enterprise Taxation Management to our portfolio of products makes us an even stronger participant in this crucial market. Standing behind Oracle Enterprise Taxation Management is a dedicated global business unit within Oracle staffed by domain experts with vast experience delivering complex, integrated tax projects on time and within budget."

Oracle applications are used by more than 100 federal government agencies in the United States, including all cabinet-level departments, and by 38 states. Internationally, Oracle applications are run by 15 of the 25 member nations of the European Union, 18 of the 26 NATO countries, nine Asian Pacific nations and 16 Latin American and Caribbean countries.