Technical and Functional Summary
Oracle Applications began life back in 1987. After eight years of successfully selling the database and development tools and watching almost every customer use these in business application development, Oracle decided it could help (and profit) by writing the most common business applications and distributing those to its clients. Initially the Applications division was seven employees who started by building the first accounting module, General Ledger, followed by Purchasing.
The Payables product was then added, and just two years later (1989) Oracle Applications Release 4 included Receivables, Fixed ...