OREANDA-NEWS. October 22, 2009. IBS Borlas has acquired certification as Oracle Enterprise Performance Management Partner in Russia, reported the press-centre of IBS.

The notion of Enterprise Performance Management (also known as Corporate Performance Management) encompasses financial and strategic efficiency management processes. The Oracle suite of software solutions in this sphere is designed to improve the business efficiency of client companies by means of quality and transparent financial modeling, planning, consolidation of financial data, and preparation of reports.

The Oracle Certified Partner status in this area confirms that the company’s specialists have advanced competence in deployment of Oracle Performance Management Applications that bring together the functional components of Oracle Hyperion.

The acquisition of the Oracle Certified Partner status implies that the company has complied with a number of requirements, such as: a certain level of financial results demonstrated in the sales of Oracle Performance Management Applications, availability of a team of certified specialists, and successfully completed projects. The new partner status provides IBS Borlas with an expanded access to consultative and technical support from Oracle and enhances their cooperation in marketing of the entire line of Oracle Performance Management Applications.

IBS Borlas has been developing its operations in the sphere of Business Intelligence technologies since 2002. The expansion of the Oracle product scope and the emergence of the Enterprise Performance Management line of products enabled the company to begin the deployment of performance management applications. At present, IBS Borlas is developing its expertise in relevant software products that are part of the Oracle EPM suite. In particular, Oracle Hyperion Business Modeling is used to support financial modeling. Oracle Hyperion Planning and Oracle Hyperion Strategic Finance are used to ensure effective operative and strategic planning. Oracle Hyperion Financial Management and Financial Data Quality Management are used to consolidate financial data. Such solutions as Oracle Hyperion Financial Reporting and Oracle Hyperion Business Analysis are used to generate reports from multiple data sources.

Sergey Khlevnyuk, the head of the IBS Borlas EPM business, notes: “According to our estimates, Russian businesses are extremely interested in EPM solutions, and the best ones in their class at that. Companies are becoming more thorough, when it comes to financial planning, data consolidation, and reporting, which is why the demand for the Oracle products designed specifically for this sphere is growing rapidly”.

The IBS Borlas clients deploying EPM-solutions include metallurgical, transportation, and chemical enterprises. A large-scale project is underway in the governmental sector as well.

Companies’ Profiles
IBS Borlas is part of IBS and specializes in building management systems based on Oracle E-Business Suite applications and other products of Oracle Corporation. An Oracle Master Partner, IBS Borlas has the strongest Oracle E-Business Suite team in the Russian market, with over 500 consultants and professionals having a track record of more than 50 projects. IBS Borlas is the only first-line technical support centre among Oracle partners, for both Oracle basic products and Oracle business applications, and the Competence Centre for Oracle's four core technology areas. For more information on the company please visit http://www.borlas.com/.

IBS is the leader in the Russian IT and consulting market. Along with Luxoft, it is part of IBS Group Holding Limited. Its core lines of business span management consulting, implementation of business applications, IT outsourcing and IT infrastructure. IBS headcount is about 3,000 employees including over 1,500 certified consultants and professionals. IBS customer base includes 34 of Russia’s top 50 companies. For more information on IBS, please visit http://www.ibs-company.com/.