It's the latest in a series of pre-built BI applications from Oracle, which also include modules for functional areas such as procurement and spending, as well as vertical industries.

Features include an adapter that is compliant with SAP's ABAP code, the ability to deliver role-based information to various types of managers, and greater than 200 reports. The software is also certified with Oracle's Data Integrator tool for pulling in SAP financials information.

SAP already offers its ERP customers financial analytics software and has a wide range of BI tools through its Business Objects arm.

But Oracle nonetheless sees an opportunity to make inroads with the new application, given that many of SAP's largest customers already use Oracle's BI or EPM (enterprise performance management) software, said Paul Rodwick, vice president of product management.

It should be "most attractive to those companies who don't have a solution completely built out for BI on SAP," he added. Another target may be customers who have chosen to use SAP for financials but run third-party software for other ERP modules, he said.