Oracle has further encroached upon SAP's turf with the introduction of Oracle Financial Analytics for SAP.

Oracle has further encroached upon SAP's turf with the introduction of Oracle Financial Analytics for SAP, a new business intelligence application that can crunch ERP system financial data for insights, reports PCWorld.

Regarding Oracle's latest BI app, Paul Rodwick, vice president of Product Management, Oracle Business Intelligence, said:

Organizations that rely on SAP Financial Accounting can now turn to Oracle Financial Analytics for SAP to further improve business visibility and align decision-making. For years, SAP customers have used Oracle Business Intelligence Enterprise Edition to deliver complete, relevant insight across their organizations. Having prebuilt analytic applications to support the Oracle E-Business Suite, Oracle's PeopleSoft Enterprise, Oracle's Siebel CRM and Oracle's JD Edwards EnterpriseOne, it was natural to extend that support to SAP with Oracle Financial Analytics for SAP.

Analytics has seen a sharp increase amid the economic downturn of the last couple years. Oracle's latest move looks to leave no stone unturned when it comes to tapping every major data source in the enterprise, according to Mike Vizard over at IT Business Edge.