DBAK Delivers “Hosted Financials for Oracle Accelerate”, an Oracle Accelerate Solution

Helps companies cut costs and improve financial business processes

DENVER, COLORADO, July 18, 2012 ─ DBAK, a Colorado owned and operated Oracle systems integrator and applications reseller, today announces “DBAK Hosted Financials for Oracle Accelerate”, an Oracle Accelerate solution for midsize organizations.  Based on Oracle E-Business Suite Financials , this solution helps Financial Services companies  cut costs and improve financial business processes. DBAK is an Oracle Accelerate solution provider and a Gold level member in Oracle PartnerNetwork (OPN). Acceptance into the Oracle Accelerate program highlights DBAK’s value as a leading Oracle solution provider.

Oracle Accelerate Solutions are simple to deploy, industry-specific, packaged solutions  designed for fast time to benefit. The best Oracle Accelerate Solutions are based on Oracle Business Accelerators, which are rapid implementation tools, templates and industry-specific process flows that help to dramatically reduce implementation time, complexity, cost and risk.

The new Oracle Accelerate solution, “DBAK Hosted Financials for Oracle Accelerate”, focuses on Oracle E-Business Suite Financials software in a hosted environment. The solution is targeted toward midsize companies that, in the current economy, are interested in investing in smart business solutions which have already been evaluated for risk. Oracle Financial Management solutions help companies work smarter by enabling increased efficiency and reduced back-office costs, with standardized processes for shared services and integrated performance management. Oracle Financial Management solutions help companies manage global and disparate financial departments from a single, integrated system – complying with multiple legislation, accounting standards, and policies. In addition, the solution works securely – facilitating control and corporate governance with a holistic approach to compliance and risk management.

An increasing number of growing companies are making the transition to enterprise-class financial solutions to control costs, manage risk, enable faster growth, and modernize outdated or disparate legacy systems. This hosted, rapid implementation solution can get companies up and running on Oracle E-Business Suite Financials in about six weeks, while providing companies with a rapid return on investment and alleviating implementation costs.

Successful implementations are achieved by tightly managing project scope to focus only on what the customer requires. DBAK is able to accomplish customer implementation and setup in less than six weeks by leveraging senior resources and focusing on end to end business processes with a hosted and supported solution.

“This solution is of enormous value to companies looking for a straightforward, cost-effective, hosted solution for Oracle Financial Management,” says Ed Hut, CEO of DBAK. “Being a part of the Oracle Accelerate program is a big win for us because it gives DBAK an opportunity to position our rapid implementation capabilities to companies that are looking for a financial management solution that can help ensure compliance, reduce risk, and save on the bottom line.”

“Oracle Accelerate solutions, such as DBAK Hosted Financials for Oracle Accelerate, combine Oracle’s world-class applications with services from knowledgeable partners to deliver complete, industry focused solutions for midsize organizations,” said Steve Cox, vice president, Oracle Accelerate for Midsize Companies. “DBAK, and the other skilled Oracle partners in the Oracle Accelerate program, are essential to the success of fast-growing, midsize organizations that require best-in-class solutions to handle today’s modern business challenges.”

About Oracle Accelerate
Oracle Accelerate provides simple to deploy, packaged, enterprise-class software solutions to growing midsize organizations through Oracle’s network of expert partners. Oracle Accelerate solutions enable growing midsize organizations to easily adopt Oracle’s enterprise class software. Created by Oracle’s expert partners, Oracle Accelerate solutions are simple to deploy, industry-specific packaged solutions, designed for fast time to benefit, which means getting the right solution in place quickly, inexpensively with a controlled scope and predictable returns. The best Oracle Accelerate Solutions are based on Oracle Business Accelerators, which are advanced implementation tools, created and maintained by Oracle.  To find out more, visit www.oracle.com/accelerate.

About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

About DBAK
DBAK is a Colorado owned and operated Oracle systems integrator and d reseller focused on core technology and E-Business Suite applications. The company was founded in 2005 to deliver business solutions to Oracle clients throughout the Rocky Mountain region, and in 2009, the company began providing solutions to a broader national client base. In 2012, DBAK was selected as a finalist in the “Colorado Companies to Watch” competition sponsored by the Colorado Office of Economic Development and International Trade; in 2011 DBAK was named to CoBIZ’ “Top 250 Private Companies in Colorado”; and in 2008, the company was awarded “Emerging Business of the Year” by the South Metro Denver Chamber of Commerce. Based in Englewood, Colorado, the company has delivered Oracle success for more than 100 clients on more than 170 implementation, upgrade, conversion, licensing, and support projects. With a straightforward and holistic approach, DBAK brings a successful blend of talent, experience, and expertise on Oracle solutions grounded in core principles of service, trust, and ethics.

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