What is Oracle ERP Cloud?

Streamlining day-to-day business processes is essential for smooth functioning in an organization. The Oracle ERP (Enterprise Resource Planning) Cloud applications integrate functions such as human resources, inventory, order management, accounting, customer relationships, and more to achieve the target. In addition, it enhances efficiency and provides the much-required transparency among the teams to improve coordination by compiling data on a single platform.

Moreover, a shared database fastens decision-making and reduces the chances of error or redundancy. Oracle EPM Cloud (Enterprise Performance Management) system, which focuses on the planning, budgeting, forecasting, and reporting, is an additional system to utilize the ERP Cloud to its total capacity.

Companies in various industries across many sectors have realized the potential in the Oracle ERP Cloud and the scope to increase ROI (Return on Investment) and benefited from it. Education, advertising and media, food and beverages, healthcare, and logistics are some sectors, to name a few, that implement the system software and take advantage of the latest technology.

Why should you consider ERP?

We will share some reasons to answer the above question and help you figure out if adopting Oracle ERP Cloud will benefit your organization.

  1. Amplifies Customer Experience: Customer experience is not only about providing the best quality product. From placing the order to the feedback, every step counts under customer experience. For example, ease in placing the order, regular updates regarding orders placed, packed, and dispatched, and solving queries of return/exchange in due time. It is part of the customer experience that ERP Cloud can easily amplify.
  2. Integration Capability: Oracle has advanced manifolds in embedding deployment and integration capabilities to provide customers with the best experience there can be. Their ERP Cloud software system has excellent integration capability as it can connect to almost every other system in an organization and gives a robust working environment. All of it is available in the SaaS application.
  3. Security: The integration capability eliminates the need to deploy multiple systems to carry out the tasks, and thus the data flow across the servers is contained, providing better data security.
  4. Global Presence: Oracle has an international presence and works in different languages, and complies with different rules and regulations according to the areas. Therefore, opting for an oracle-integrated cloud is especially beneficial for global organizations. The coordination and data transfer among the offices in different regions becomes hassle-free.
  5. Regular Upgrades: Oracle software updates quarterly with the latest technology and emerging trends based on user feedback. So, your organization’s work will always remain up to date and provide efficient work.

Why is Oracle ERP Cloud future-proof?

Numerous small and medium businesses are implementing ERP Cloud to remodel their financial systems. However, choosing the best solution for your organization is an intricate part. The best solution is the one that syncs with your company’s requirements in the present and the future and can give tough competition to the competitors and increase profits. To choose the perfect and future-proof application, consider the following points.

  • A complete suite: Eliminate the need to coordinate with multiple vendors. Choose an ERP suite that can fulfill all the required tasks such as managing finances, purchasing, planning, budgeting, and more. It will utilize the common source of information and eradicate data silos and the need to scrub the data to manage security continually.
  • Scalability: Enterprises continually need scalable options and significantly growing companies. They must stay updated with the demand and consistently launch something new to expand the business and in the market across geographies, therefore requiring operational flexibility. Oracle integration cloud is scalable and considers data regulations and security legislation in all transactions.
  • Real-time data insights: Insights and access to real-time data are necessary for the fast and smooth functioning of the business. Oracle integration cloud ERP must have data visibility, multi-dimensional analysis, and a single data source across departments. It helps managers simplify processes and eliminate dependency on data transfers and manual reconciliations.
  • Digital access: With the work from anywhere regulations and the changes in the working style, it has become essential to have flexible systems. The right ERP cloud must be accessible through mobile devices.
  • Security: Security is the primary concern of every organization. Employees in the finance department must take risks for themselves for any discrepancies in the books. However, the right ERP system delivers the high-grade security and automation of finances. Additionally, it monitors responses, manages identities, and provides backups.
  • Personalization: Every organization has its unique requirements. The Oracle integration partner can tailor Oracle ERP solutions according to the requirements without deploying an additional IT team. The customizations per an organization’s needs provide additional benefits and cost-effectively increase the profits.

The future scope:

The future scope of any system software mainly depends on the technology used to develop it. Oracle is a standalone SaaS provider. The in-house coders write every line of code in Oracle ERP Cloud on their server platform; therefore, they have complete control over the upgrades and functioning of the system. Such Cloud services are the best among all and provide greater efficiency, speed, and functioning with regular and timely updates.

These applications are powerful enough to enhance the workflow in the company. But, imagine what they can do together in one software system. It can completely transform the business. By improving the present and taking advantage of the lowered expenses, reduced time, better coordination among the teams, enhanced quality of the product/services, and calculated future data-based predictions, an unimaginable future of the company can be shaped.

To sum up, the Oracle ERP Cloud Software system boosts the procurement of goods and services, inventory planning, financial data management, customer satisfaction, and data integration, leading to a rise in profits, efficiency, and reduced expenses. The software solution has a massive scope in the future and can become necessary to survive in the competitive environment.

Connect with Tangenz, IT System Integrator, an Oracle Partner, for more information about Oracle ERP Cloud and its implementation.