Oracle has released its Documaker Enterprise Edition 12.1, the new Enterprise Document Automation (EDA) application that helps enterprises to create, manage and deliver communications.

The new release will help companies create documents quickly, with less IT assistance through enhanced collaboration features.

The enhanced collaboration features include an editable text areas in the application’s Work-in-Process workflow that enables users to collaborate to create documents, contracts and agreements, while tracking all changes with a full audit trail.

Oracle’s new EDA application also include an enhanced Microsoft Word Add-In functionality that enables users to move documents from Oracle Documaker to Microsoft Word and back again, preserving design, formatting and output quality.

Oracle insurance products vice president Srini Venkatasanthanam said features in the new release will allowing users to collaborate on mission-critical documents more easily and quickly.

"The application also helps companies get new products to market faster, giving them better ways to manage the extensive documentation that goes along with introducing a new product," Venkatasanthanam said.

Documaker Enterprise Edition 12.1 supports Microsoft Word 2010 and 2007 that gives business users more options to create and design documents.

The new release also features a Library Project Management (LPM) that introduces a project management-style library, helping users manage the wealth of documentation associated with the release of a new product.

Oracle’s new EDA application supports product development best practices, providing role-based task and action prompts, as a product moves through development, review, testing and regulatory approval.

Users can now perform a "Print Preview" on an entire document package, rather than one document at a time. Users can also pull documents out of a batch run, preview, edit and approve them without interrupting the print run, accelerating production.