According to Gartener, Cloud-based ERP solutions like Oracle Cloud ERP are growing at 10.5% CAGR. This is driven by digital transformation needs.
Did you know? Oracle Cloud ERP reduces financial close time by 50%, improves order fulfillment by 35%, and increases project delivery success rates by 50%. That’s major.
Oracle Cloud Enterprise Resource Planning (ERP) is a Cloud-based software solution that is utilized by major businesses across the globe. It helps businesses automate and streamline financial, supply chain, and human capital management processes.
Oracle Cloud was first introduced in 2012 and has evolved into a comprehensive suite of tools. Enables organizations to operate more efficiently and effectively in today's digital age.
Features of Oracle Cloud ERP
One of the distinguishing features of Oracle Cloud ERP is its ability to integrate seamlessly with other Oracle Cloud applications, namely Customer Experience (CX) and Enterprise Performance Management (EPM). This creates a fully integrated cloud-based enterprise software ecosystem.
Major features of Oracle Cloud ERP include Financial Management, Supply Chain Management, Human Capital Management, Project Management, and Governance, Risk, and Compliance.
These elements allow organizations to manage their financial operations, procurement and inventory, workforce management, project delivery, and compliance requirements all in one place. It provides a holistic view of the organization's performance and enables better decision-making.
Read about Oracle Cloud Patch Updates
Oracle Cloud ERP Modules
Oracle Cloud ERP consists of several modules that provide comprehensive business management solutions. These modules include:
Financial Management: This module automates financial processes such as accounting, general ledger, accounts payable and receivable, cash management, and fixed assets.
Supply Chain Management: Helps businesses optimize their supply chain operations, including procurement, inventory management, and order fulfillment.
Human Capital Management: Streamlines HR processes such as talent acquisition, performance management, payroll, and benefits administration.
Project Management: Enables businesses to manage their project lifecycles, from planning to execution and delivery.
Governance, Risk, and Compliance: Businesses ensure compliance with regulatory requirements and manage risk.
These modules have been recognized by industry experts for their capabilities, helping organizations improve efficiency, reduce costs, and drive growth.
Fact File
According to a survey conducted by Oracle, 68% of finance professionals who implemented Oracle Cloud ERP reported an increase in productivity and efficiency.
A report by Aberdeen Group found that businesses that use Oracle Cloud ERP for supply chain management saw a 15% reduction in operating costs and a 17% increase in on-time delivery.
Oracle's HCM Cloud has been recognized as a leader in Gartner's Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises for five consecutive years.
Oracle Cloud ERP's project management capabilities have been recognized by Gartner as a leader in the Magic Quadrant for Cloud ERP for Product-Centric Enterprises.
According to a survey by Oracle, 84% of organizations using Oracle Cloud ERP reported improved compliance.
Oracle Cloud 23A Release: What You Need to Know
Real Word Examples: Success With Oracle Cloud
Zoom succeeded with Oracle Cloud Infrastructure due to its advantages in performance, scalability, reliability, and superior cloud security. The company was able to quickly scale its services to accommodate the surge in users during the COVID-19 pandemic. This was thanks to Oracle's pioneering use of off-box network virtualization, which improved performance and lowered costs. Oracle Cloud Infrastructure's highly secure architecture provided Zoom with the necessary security controls and protections to safeguard its users' data and privacy.
Overall, Zoom's partnership with Oracle Cloud Infrastructure has been massively successful in delivering high-quality video conferencing services to millions of users worldwide while ensuring the security and reliability of the platform.
Top comments (0)