Oracle today announced that Oracle(r) Internal Controls Manager, an application that helps companies reduce the cost and complexity of ongoing compliance by automating internal control documentation, testing, and monitoring, received a "Positive" rating in Gartner's "MarketScope: Compliance Management Software, 2H04."

Gartner considers companies receiving a "Positive" rating to "demonstrate strength in specific areas" and recommends that existing customers "continue incremental investments" while potential customers "put this vendor on a shortlist of tactical alternatives."

"Regulatory compliance is an increasingly complex process," said Steven Miranda, vice president of Financials Applications Development at Oracle Corp. "We believe Gartner's 'Positive' rating is recognition of the strong product adoption and depth and breadth of functionality Oracle is delivering to help companies confidently and efficiently navigate the compliance minefield."

In developing its MarketScope reports, Gartner undertakes a rigorous evaluation process including in-depth customer interviews and cost/benefit comparisons to determine vendor rankings. Gartner based its Compliance Management Software MarketScope evaluations on technical sufficiency, functionality, viability, market strategy and pricing. Vendors' applications were evaluated within the context of other products and services they offer to support the breadth of the compliance process.

Oracle Internal Controls Manager is a part of a complete architecture for sustainable compliance that includes Oracle E-Business Suite, Oracle Collaboration Suite, combined with identity and security management technologies. To learn more about Oracle Internal Controls Manager, please visit http://www.oracle.com/applications/financials/internal_controls_mgr.html.