To help publicly held companies facilitate the preparation, publishing and automatic exchange of financial statements in XBRL (eXtensible Business Reporting Language), Oracle will embed UBmatrix, Inc.’s leading XBRL technology into Oracle's Enterprise Performance Management (EPM) System.

Oracle and UBmatrix are also working together to provide enterprise class storage and management for XBRL–based information in Oracle Database 11g. Using Oracle Database’s XML DB feature, organizations can easily and quickly store, access and query their XBRL data.

A component of Oracle Fusion Middleware, the Oracle EPM System helps organizations achieve management excellence by uniting category-leading Hyperion performance management applications, prebuilt business intelligence (BI) applications and BI products, into a complete and integrated system for managing and optimizing performance across business functions.

”As a leader in financial close, consolidation and reporting, we’re committed to helping our customers meet the required XBRL reporting requirements,” said Bill Guilmart, Vice President of EPM Product Management, Oracle. “Working with UBmatrix will help accelerate our efforts to deliver the most robust XBRL reporting capabilities possible to the thousands of Oracle Applications and Hyperion customers.”

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