The new versions of the Internal Controls Manager and Financial Consolidation Hub products, both of which sit on top of Oracle E-Business Suite 11i, include new support for financial data aggregation and analysis via new dashboard interfaces.

Both updated products could prove useful at Loral Space & Communications Inc., a New York-based satellite manufacturer, according to CIO and compliance officer Barry Goldfeder.

The company runs the current version of Internal Controls Manager with the Oracle E-Business Suite 11.i.10 financial software and other ERP applications. The updated product's new prebuilt financial reporting templates could improve Loral's certification processes, Goldfeder said, noting that its ability to export reports directly to external auditors can save time.

New features in the Hub offering, including a dashboard interface, are generating interest from Loral, Goldfeder said. The dashboard would allow Loral executives to instantly gather information from any line of business, Goldfeder said.

Internal Controls Manager helps executives and managers document and test internal financial-control processes and monitor legal compliance. The Financial Consolidation Hub cleanses data from disparate sources and provides a single, global view of a company's finances.