Oracle Enterprise Resource Planning Cloud has been helping businesses organize their operations for almost a decade now – it was launched back in 2012.
The cloud consists of nine different sections that fill out the ERP skyline, which are:
- Accounting Hub
- AI Apps for ERP
- Enterprise Performance Management (EPM)
- Financials
- NetSuite
- Procurement
- Project Management
- Risk Management
- Supply Chain Management
With increasing complexity built into modern business operations, enterprise resource planning systems help to bring organization to businesses in their management of day-to-day activities – from accounting and procurement to risk management and supply chain operations – which as you can see Oracle has covered in their cloud solution.
Speaking of Oracle ERP Cloud, if you’re considering the solution, you may want to keep in mind some of its strengths when weighing up which ERP to go with.
First strength: a leading digital solution
Oracle ERP Cloud has been a leading ERP solution for years on Gartner’s Magic Quadrant for its wordy category of Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises.
Gartner positioned Oracle ERP Cloud as the highest solution for its ability to execute, based on its leading functionality, strong partnerships, and global financial standing.
In all attributes that Gartner analyzed, it scored Oracle ERP Cloud above average, citing its improved year-on-year scores in reporting, financial analytics, accounts receivable, and general ledger coding structures.
Second strength: improved experience
Over the last couple of years, as Oracle has transitioned more and more to the cloud, it has taken strong steps to improve its customer experience. And this includes the acceleration of buying cycles as well as customer success managers who help with each cloud project.
Third strength: cloud connected
Oracle has bolstered its integration and deployment capabilities – which has particular importance to enterprise resource planning systems. That’s because they connect to almost every other system in business, which include HR, supply chain management, and the customer experience, to name a few.
In fact, Oracle ERP Cloud covers so many lines of business that many alternatives simply can’t compete against it.
Fourth strength: global reach
Oracle has an international presence, where its selling strategy reaches all around the world. For global organizations, the ability to do business across languages, countries, and comply with multiple sets of regulations in different regions, are all key components for when deciding who to partner with.
Fifth strength: continual innovation
When it comes to digital, innovation is like a treadmill: if you stop, you’ll fall behind. The only way to keep pace in the industry is to move forward through innovation. And being a leader in their industry, innovation is a conscious part of Oracle’s strategy.
For example, Oracle’s apps are updated each quarter using the latest emerging technologies and best practices baked into them. In fact, according to an internal survey, 81% of its customers cited Oracle’s move to the cloud as a top benefit, which allows it to keep updating in quick time.
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