Oracle Fusion Applications (OFA) are a portfolio of software products including Financials

Corporate finance

Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...

, Human capital management

Human resource management

Human Resource Management is the management of an organization's employees. While human resource management is sometimes referred to as a "soft" management skill, effective practice within an organization requires a strategic focus to ensure that people resources can facilitate the achievement of...

, Customer relationship management

Customer relationship management

Customer relationship management is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. It involves using technology to organize, automate, and synchronize business processes—principally sales activities, but also those for marketing,...

, Supply chain management

Supply chain management

Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers...

, Procurement

Procurement

Procurement is the acquisition of goods or services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location...

, Governance

Corporate governance

Corporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a company is controlled...

, and Project portfolio management

Project Portfolio Management

Project portfolio management is a term used by project managers and project management organizations, , to describe methods for analyzing and collectively managing a group of current or proposed projects based on numerous key characteristics...

. The software suite was developed by Oracle Corporation

Oracle Corporation

Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...

. Oracle Fusion Applications were first announced shortly after Oracle's acquisition of Peoplesoft

PeopleSoft

PeopleSoft, Inc. was a company that provided Human Resource Management Systems , Financial Management Solutions , Supply Chain and customer relationship management software, as well as software solutions for manufacturing, enterprise performance management, and student administration to large...

, JD Edwards, and Siebel Systems

Siebel Systems

Siebel CRM Systems, Inc. was a software company principally engaged in the design, development, marketing, and support of customer relationship management applications. The company was founded by Thomas Siebel in 1993. At first known mainly for its sales force automation products, the company...

 in 2005 and finally launched (but not released) in September, 2010.

Oracle Fusion Applications were envisioned and pitched as an Enterprise resource planning

Enterprise resource planning

Enterprise resource planning systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application...

 suite: a combination of features and functionalities taken from Oracle E-Business Suite, JD Edwards, PeopleSoft and Siebel product lines . The suite also leveragea the Service-oriented architecture

Service-oriented architecture

In software engineering, a Service-Oriented Architecture is a set of principles and methodologies for designing and developing software in the form of interoperable services. These services are well-defined business functionalities that are built as software components that can be reused for...

 capabilities of the underlying Oracle Fusion Middleware

Oracle Fusion Middleware

Oracle Fusion Middleware consists of several software products from Oracle Corporation. OFM spans multiple services, including Java EE and developer tools, integration services, business intelligence, collaboration, and content management...

product.