All You Need to Know About Oracle ERP Cloud

February 23, 2022
Jhansi Rani
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Published On February 23, 2022

Oracle ERP Cloud is a comprehensive, integrated suite of applications that includes financial management, procurement, project management, and risk management.Oracle ERP Cloud services is a cloud-based ERP system that scales with your organization as it expands. It is equipped with best-in-class security that provides full control of your business data. It offers flexible deployment options and can easily coexist or integrate with your current business applications.

You can quickly share data securely with everyone in your organization and beyond, improving collaboration across teams and streamlining business processes. Oracle ERP Cloud services offer advanced features and functionality, including enterprise reporting, intuitive user experience, analytics, process automation, and more, in addition to comprehensive security capabilities.

What are the modules in Oracle ERP Cloud?

Oracle ERP Cloud services include dedicated modules to manage each of your business processes, including finance, procurement, project management, and more.

Oracle Financials Cloud

Oracle Financials Cloud provides a complete view of your finances using tools like general ledger, accounts payable, accounts receivable, cash management, tax management, and more. It increases productivity and delivers insights into your company’s finances and profitability.

Oracle Procurement Cloud

Oracle Procurement Cloud is part of your cloud-based ERP system that streamlines the procure-to-pay process. It provides critical insights into suppliers to ensure uninterrupted operations while delivering cost savings, ensuring spending compliance, and improving profitability.

Oracle Risk Management Cloud

Oracle Risk Management Cloud improves financial controls, reduces cash leakages, streamlines audits, and detects emerging risks while reducing time spent on labor-intensive security and compliance tasks.

Oracle Project Management Cloud

Oracle Project Management Cloud improves project delivery and increases efficiency by managing projects across the organization and connecting them with different departments such as human resources, finance, and operations. You can bill customers faster, recognize revenue more accurately, and ensure contract compliance.

Why are companies moving to Oracle ERP Cloud?

Oracle ERP Cloud services offer several advantages, including greater flexibility, agility, scalability, and availability compared to on-premise applications. We have listed some of them:

No Upgrades

New updates to Oracle ERP Cloud are automatically installed via the internet, eliminating the need for expensive upgrades and ensuring that your system is always up to date.

Lower Costs

On-premise ERP systems need expensive hardware and resources to operate. Cloud-based ERP systems like Oracle ERP Cloud run on a pay-as-you-go model that lowers upfront costs.

Scalability

Whether you need to scale quickly to accommodate more users or expand to new geographies, Oracle ERP Cloud services can help your business scale quickly and cost-effectively.

Data Security

Oracle ERP Cloud offers robust data security as Oracle fully manages it. Automatic updates ensure that your system is always up to date with the latest security features.

User Experience

Oracle ERP Cloud provides an intuitive, easy-to-use interface with real-time data access for decision-making. A personalized experience also drives user adoption.

Seamless Integration

Oracle ERP Cloud offers advanced integration capabilities that can easily integrate with existing Oracle, non-Oracle, or third-party solutions to simplify your business processes.

Standardized Processes

Oracle ERP Cloud offers advanced functionality out-of-the-box, reducing the need for customization and driving standardization across the enterprise.

Flexible Deployment

Oracle ERP Cloud can be deployed entirely in the cloud or a hybrid model with your existing SaaS and on-premise applications.

Innovation

Oracle ERP Cloud is designed to support emerging tech such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) to meet future needs.

Mobile Capabilities

Data in Oracle ERP Cloud can be accessed from any device in real-time, enabling employees access to real-time data at any time, anywhere, via the internet.

Architecture

Oracle ERP Cloud services are built on the state-of-the-art Oracle Cloud architecture, supporting a wide range of applications and integrations.

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All You Need to Know About Oracle ERP Cloud