Oracle has added corporate governance and risk management functions to its financial packages.
Brian Gregory, Oracle's director of enterprise resource planning marketing, said recent financial scandals had raised awareness of the need for increased visibility into what happens within enterprises.
"It is not just about unethical practices, but controlling businesses," he said.
Oracle has updated its Financials Intelligence module to include portal technology and online analytical processing-based business intelligence, said Gregory.
"This allows users to get instant access to the most up-to-date information on transactions," he added.
Customers who have already purchased earlier versions of Financials Intelligence will be able to upgrade to the new portal version free of charge.
Oracle has also added a risk management module to its financial software.
Treasury Risk Management is aimed at firms that have taken out loans in different currencies and need to track fluctuations in exchange and interest rates.
The Treasury Risk Management module is available free of charge to existing licensed customers of the Treasury module.
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