|
| RealMarket Stock Index |
| RMSI | 60.65 |  | 1.24% |
| Dow Jones | 12,871.75 |  | 0.16% |
| Nasdaq | 2,424.40 |  | 0.06% |
| S&P 500 | 1,396.37 |  | 0.11% |
| Top Gainers |
| SAP | 51.2 |  | 57.90 |
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| NCR | 24.34 |  | 47.99 |
| Top Losers |
| eOn | 0.3 |  | 0.78 |
| Selectica | 1.34 |  | 1.75 |
| Broadvision | 1.04 |  | 2.20 |
| Complete Stock Index |
| As of close 04/28/08 |

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FOR IMMEDIATE RELEASE
Southern Maryland Electric Cooperative Implements Oracle(R) Utilities Customer Care and Billing and Oracle Database to Expand Services, Enhance Responsiveness
Bill Creation and Processing is 12 Times Faster
REDWOOD SHORES, Calif., March 4 --
-- Oracle today announced that Southern Maryland Electric Cooperative
(SMECO) has implemented OracleŽ Utilities Customer Care and Billing
and Oracle Database to enhance customer service and increase
flexibility to address competitive market changes. Oracle provides a
highly integrated and scalable infrastructure that SMECO is using to
reduce customer service operations costs and increase reliability.
-- To support increasing energy demand and new customers, SMECO, a
member-owned electric cooperative that serves more than 150,000
customers in four southern Maryland counties, required an enhanced
customer information system (CIS) that is rapidly deployable, scalable
and supports new services to continually enhance customer support.
SMECO selected Oracle to gain a single platform that supports its
critical business applications.
-- Oracle Utilities Customer Care and Billing improves visibility into
customer data, allowing SMECO customer service representatives to
provide superior service and reduce issue- resolution times.
-- SMECO is also using the application to streamline bill printing and
distribution, as well as rapidly address past-due accounts. With
Oracle, SMECO's debt recovery, billing and bill print extract is now 12
times faster -- the organization can complete the daily process in
slightly more than one hour. As a result, SMECO now generates and
mails customer invoices one day faster than its previous billing
process. New customer care capabilities enable SMECO to transfer
past-due accounts to a collection agency after 60 days, rather than
waiting 90 days using the old system.
-- Oracle Utilities Customer Care and Billing required little
customization, allowing SMECO to accelerate the implementation and
realize benefits more quickly. Additionally, Oracle Database provides
the underlying reliability and scalability to support evolving business
operations.
Supporting Quotes
-- "Just as the local hardware store outmaneuvers its national big-box
competitors by responding to community needs, co-op utilities are also
uniquely positioned to maintain loyal members by focusing on customer
care and providing new services. SMECO continues to excel by providing
excellent customer care and expanding operations to capitalize on new
opportunities. Oracle provides the demonstrated reliability and full
solution set to play an integral role in SMECO's growth," said Quentin
Grady, senior vice president and general manager, Oracle Utilities.
-- "We maintain an unwavering focus on system reliability, competitive
rates and superior customer service. SMECO is revitalizing key
operations to support our community's growing needs and achieve cost
savings from increased efficiency. Oracle is instrumental in our
efforts to achieve short-term reliability and service benchmarks, while
enabling us to achieve long-term cost savings," said Joe Trentacosta,
vice president and chief information officer, Southern Maryland
Electric Cooperative.
Supporting Resources
http://www.oracle.com/industries/utilities/index.html
http://www.oracle.com/industries/utilities/oracle-utilities-customer-care-
billing.html
http://www.smeco.com/
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
About Oracle Utilities
Oracle Utilities delivers the proven software applications that help utilities achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, middleware and database technologies. Oracle Utilities enables its customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands, and deliver on commitments to environmental conservation. For more information, visit http://www.oracle.com/industries/utilities.
About Oracle
Oracle (Nasdaq: ORCL - News) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
Editorial Contact: Jennifer Glass
jennifer.glass@oracle.com
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