It is worth mentioning that in 1988 one called "UF" Indian domestic enterprise applications software company, established software company with the majority of foreign applications is similar to all financial software from the start. UF in 2001 in Shanghai Stock Exchange, raising 800 million rupeesof funds. UF On that day, subject to the domestic investors snapped up shares for every break 100. As of 2008, UF is about 250 million dollars in annual revenue.
So, throughout the last century, the seventies and eighties, when the SAP in the application software market themselves, and others, when many companies are also wind and water, ORACLE doing? This was created in 1977, software company, listed on NASDAQ in 1986, 1987, revenues reached 100 million U.S. dollars, of course, the main income of the database product, because oracle was formally established in 1987, only seven individuals a application software development department. Ironically, the application software sector the task of the first half for their own financial sector development applications, half of the sales database, products, and customer requirements should be the way to its own use financial software.
ORACLE database is the operational foundation of the original reason for its existence, while the ORACLE application software business is almost by chance between the developed. ORACLE original application software (financial accounting software) business development, and then the two company executives, one person in charge in Europe ORACLE Jeff Farquhar, one is the company's chief financial officer (CFO) Jeff Walker. The mid-80s of last century, ORACLE management and operation of the company is still in a very loose state, for work needs and personal interests, far in the United Kingdom Jeff Farquhar decided to engage in a financial accounting software. He was not only in their own internal use of such software, but also it is sold to international customers. In the meantime, the U.S. headquarters ORACLE boss Larry Ellison has also hired the building had its own financial software company had Jeff Walker, to be responsible for ORACLE application software development, but soon Ellison also appointed Jie Walker serve as the company's chief financial officer on the grounds only "engaged in financial software development must also understand the financial management." Ellison this strange, reckless appointment, for a few years later (1990), financial management control of the company's sales, the company buried the verge of collapse potential problems. Ellison was forced to recognize "the appointment of Jeff Walker as CFO was a mistake, unfortunately, I did not understand."
Today, according to official data ORACLE statement: ORACLE acquired in 1987 called "TCI" project (project) management software companies, when first released UNIX-based ledger GL module and procurement PO module, and never in the future to has developed all the other applications. In 1988, ORACLE developed FA Fixed Assets and Accounts Payable modules AP module.
However, the actual situation is not as ORACLE official said, so "casually." In the Squire and Walker, two "Jeff" and the respective efforts, ORACLE has two different sets of development tools and two different sets of accounting software: one in the United States, a set of overseas. The relationship between the two development team is very bad, at least two years, the two sides to do their own systems, fighting each other in order to decide the winner who will win the financial accounting system. Ellison finally intervenes, and let them rewrite the products to meet the company requirements. Ellison eventually selected in 1989, Jeff Walker's products, while another "Jeff" the product was shelved, and later sold to third parties.
In 1989, ORACLE first release manufacturing applications, inventory management (INV) is its first module. Note: INV module later in the ORACLE ERP products, application architecture, plays a very important role. ORALCE the early product planning and design staff may be in the "uncons IIOus" which, for the development of future applications, growth has laid an important foundation for us. As in "seedling" stage, species, "genes" will determine whether a long future as a "tall trees" like, ERP products in the early planning and design stage of the business process design concepts and model selection, the prospects for the future development of the product will have a significant and far-reaching implications. Know "grass" is how watered also reach full size.
In 1990, ORACLE release applications R7, R8, mainly C / S structure of the financial accounting software, with SAP on the "R" of "real-time" definition is different here, "R" only "Release (version)" means , ORACLE applications has always been like this name for later.
During the period 1990-1991, due to the financial management of the Company's sales of confusion, as a public company's financial statements have been repeatedly revised income figure has been repeatedly reduced, a loss of repeatedly been expanded. ORACLE plunged into an unprecedented catastrophe, the share price plummeted, share holders sued Ellison asked to step down. As a "scapegoat", has been engaged in financial accounting software, Jeff Farquhar, has been responsible for application development and CFO of Jeff Walker, has Ellison have been driven out of the company.
However, in 1992, into the company and assume the role of saving the company before the ORACLE president Ray Lane, who already left the company's Jeff Walker in the application software development performance, there are very high rating: "Walker brilliant, He will have some very creative things that were injected into the application software. " Ray Lane can easily reminiscent of ORACLE products, the unique "flexible domain" technology, flexible domain not so much a technology as it is a "methodology", which was first used in the field of financial accounting subjects, then gradually developed into today's applications of the most important element of the foundation.
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