Technology is evolving at an unprecedented pace. For businesses, regardless of size, integrating new technologies to enhance productivity, yield better results, and maintain competitiveness is crucial. Embracing innovative technologies is particularly vital for both enterprises and startups.

To ensure your business remains competitive, it is imperative to invest in the appropriate technology. One domain that can significantly contribute to business growth is the adoption of suitable ERP (Enterprise Resource Planning) software. So, what exactly is ERP software, and how can a transition to Oracle Fusion Cloud ERP benefit businesses?

What is an ERP system?

ERP (Enterprise Resource Planning) is a powerful tool that helps businesses run their processes more efficiently. It has several different modules, one of which is a CRM, allowing you to keep up with all your sales and marketing activity. NetSuite ERP Software is like having a digital diary for your business that allows you to keep track of everything that is going on. At the same time, you can also integrate it with other software. While it can bring many benefits to your business, it can also come with high infrastructure costs. That is why many businesses decide to move to Oracle ERP to reduce expenses and increase ROI (Return on Investment).

This blog will discuss what Oracle Cloud ERP can do for your business and why it is worth moving to the cloud.

How Does It Help with Better ROI?

  1. Cost Reduction: An on-premise ERP system requires a big hardware setup. It requires a robust IT team for maintenance, not to mention the increased expenses. In contrast, cloud ERP doesn’t ask for it. ERP Cloud vendors provide subscription-based pricing models, making implementation simpler, economical, and appropriate for small and medium-sized businesses. Cloud-based ERPs are more adaptable and creative. Compared to on-premise systems, Cloud ERP provides more flexibility and scalability, giving an advantage to the company and being a go-to solution considering future requirements.
  2. Access Data From Anywhere: Accessing data from anywhere is one of the most in-demand capabilities of an ERP system. Therefore, Oracle ERP Cloud, a well-crafted tool that allows employees to access and update data from anywhere in the world, makes Oracle ERP the ultimate choice for companies. Moreover, Oracle ERP has an in-built security system that reassures companies and rids them of data theft worries. Access from anywhere capability also allows managers and supervisors to make fast decisions and manage workflow with agility.
  3. Increase Productivity: Updating and managing data for many functions is a tedious task for a business. Employees have to put in a lot of work on this laborious activity, and the risk of submitting duplicate entries or making other manual errors is always present. Plus, with the competitive market growing, organizations need to buck up and find ways to increase productivity. Oracle Fusion Cloud ERP minimizes human intervention, which helps avoid errors and chances of redundancy. The time saved here can be used for more critical tasks and increases workforce productivity massively.
  4. Better Governance: An organization will perform better the more agile it is. The most apparent advantage of ERP software is that it provides real-time, up-to-date results. The entire organization has access to information, whether on-site, digitally, or in the field. Platform security gives users access to reliable data, enabling management and staff to make the best possible decisions. Another key benefit of cloud-based ERP systems is mobility. Each employee has access to information whenever and wherever a Wi-Fi or mobile internet connection is available, regardless of where they are located. Individuals or departments can utilize customizable dashboards to receive information that reflects the current business ecosystem; views are determined by the user and the functions they do.
  5. Centralized Sharing: Administering and monitoring the system becomes more challenging when data is hosted across several platforms. So, data must first be gathered before being used to produce reports and data-driven analytics. An integrated system is much more desirable because the procedure is much more intricate and time-consuming. ERP software is created on a single platform that organizations can use to track several databases managed by diverse departments across the entire company. It facilitates improved decision-making, which helps business experts enhance operations.
  6. Regular Automated Updates: Another benefit of having Oracle Fusion ERP in the cloud is that you don’t have to worry about system updates. The vendor and their implementation partners ensure automatic and regular system updates with Oracle implementations. Additionally, users can continue using the old dashboard instead of the updated one until they get comfortable with the updates.
  7. Higher ROI: Every organization that implements Oracle Cloud ERP expects excellent returns on their investments, and rightly so. Excellent results are inevitable with end-to-end software system implementation and support from your implementation partner. All the points mentioned above are directed toward how businesses can achieve higher ROI with ERP Cloud based on how well a company’s workforce starts using it. However, it is essential to set realistic goals. ROI from the ERP system doesn’t show up within days or weeks. It is a long-term investment, and you must be patient with the process.

Oracle ERP Cloud: A Peek into the Future

Oracle Fusion Cloud ERP is a highly promising business software. With updates every few months, Oracle keeps improving it with new features, making it one of the most advanced enterprise resource planning (ERP) solutions on the market. It’s used by some of the world’s largest companies and trusted by many. This software has the potential to make business operations smoother for companies of all sizes and industries. It’s flexible, scalable, and reliable, offering a wide range of features. Oracle has exciting plans for the software’s future, a strong network of partners, and a commitment to continuous improvement. Plus, it’s accessible on mobile devices, making it even more convenient. Additionally, it seamlessly integrates with the cloud and works well with Oracle Integration Cloud, providing a comprehensive solution for businesses.

Pro Tip:

Ask all sorts of questions about technology, cost, and implementation from an Oracle implementation partner before taking a final call. It will ensure your journey to the cloud is safe, enjoyable, and profitable.

Get started with Oracle Fusion Cloud ERP and with our team of experts, you can be sure that your Oracle Cloud journey will be a success. Let us worry about the technology, while you focus on your business.

Connect with Tangenz, trusted Oracle Preferred Partners today to learn more about the product and its implementation!