What is Oracle ERP Cloud?
Oracle Enterprise Resource Planning, or ERP, Cloud is a Software-as-a-Service (SaaS) platform known for its ability to scale with your business as it grows and expands. Since the software lives and operates in the cloud, state-of-the-art data security is a top priority. Its vertically integrated stack keeps data under control, while its deployment options are flexible and create a multilayer approach.
Interconnectivity is a hallmark of ERP Cloud’s integrated suite of applications. Data is shared easily and securely between users, allowing for increased production and business process streamlining. As we mentioned, security is a priority; however, it’s one of many components included that are important to end users, such as analytics, automation tools, reporting, user experience and more.
Main Oracle ERP Cloud Modules
You’ve learned that Oracle ERP Cloud comes with an integrated suite of applications ready to manage your business operations. Major applications include:
Improve your company’s financial management with this complete solution. Tools include cash management, general ledger, payables, receivables, tax, advanced collections and more.
Oversee your company’s supply chain from end to end. Improve visibility into inventory management, orchestrate your order management process and proactively resolve exceptions, reduce costs and increase logistical efficiency.
Collaboration is key with this application. Prized in industries such as professional services, in which project-based work is prevalent, project management is easier. See real-time project status updates, measure performance with reporting to make better business decisions and match resources with open projects through greater visibility.
Fraud is on the rise – in fact, 75 percent of global senior executives say their organization has experienced some type of fraud. Companies can automate access and segregation of duties controls to prevent fraud. Reduce cash leakage, errors and compliance violations by continuously monitoring your procure-to-pay and expense controls. Streamline compliance processes while minimizing manual intervention with intelligent automatic closure of conflicts.
Benefits of Oracle ERP Cloud
Many benefits of Oracle ERP Cloud lie with the software’s cloud platform and delivery. As its name suggests, ERP Cloud was designed to live in the cloud and is known for its flexibility. But what are some other benefits ERP Cloud provides?
ERP Cloud for Any Business Level
Oracle ERP Cloud’s scalability makes it a solution option for businesses at all levels. While its size and price tag may not be ideal for small businesses, growing and large businesses that require flexibility and a forward-thinking platform will benefit. Read more about how ERP Cloud operates for businesses of varying sizes and requirements.
Why ERP Cloud is the Future of Business Technology
As you look to the future for your business, ERP must always be innovating as well. While you rely on analytics to deliver insights on your operations, real-time information provides a clear picture into those processes. Interconnectivity and ease of information sharing encourages collaboration, allowing employees and departments to understand business data faster and better.
However, as technology evolves to improve our lives, enterprise technology is adapting as well. Some top ways ERP Cloud is embracing new capabilities are:
Seems obvious, but ERP Cloud’s main attribute is its design and deployment in the cloud. As we’ve seen, cloud-based solutions have myriad advantages, such as lower upfront cost, data security more. In fact, eight out of 10 CFOs choose enterprise cloud software for their businesses.
Not only can ERP Cloud scale with you, but it also adapts to new capabilities. Tools such as machine learning, artificial intelligence (AI), Internet of Things (IoT) and more are billed as the future of business. Automation is central to the trend, which coincides ideally with ERP.
User experience is an important factor in the effectiveness of ERP. Simply put, the easier and more user-friendly a platform is, the more likely employees are going to understand and use it to its fullest capability. ERP Cloud allows users to utilize personalization and automation, such as setting up notifications in Oracle Orchestration Cloud, to free up time for focus on tasks that require more critical thinking.
ERP is no exception to the prevalence of mobile technology. Real-time analytics and operations have become integral for businesses, and so has the ability to take your business data on the go. Mobile capabilities have become commonplace and are easy to implement.
Oracle ERP Cloud, with its adaptability and ability to deliver new capabilities without significant and expensive upgrades, is part of the growing trend of cloud software for businesses. Download Oracle’s Top 10 Cloud Predictions for 2019 to consider the future of enterprise cloud and how your business can stay on the cutting edge.