What is Oracle Cloud ERP

An Overview

Oracle Cloud Enterprise Resource Planning (ERP) is a cloud-based software application suite that was launched by Oracle Corporation in the year 2012. This cutting-edge ERP solution is designed to manage and streamline various enterprise functions, including financial management, accounting, project management, and procurement. With its advanced features and capabilities, Oracle Cloud ERP enables businesses to optimize their operational efficiency, reduce costs, and enhance their overall performance. This cloud-based ERP solution is highly scalable and can be customized to meet the specific needs of businesses of all sizes and industries.

Oracle Cloud ERP is a widely used ERP system and is one of the largest available in the market. It comes second in terms of market share, right behind SAP S/4HANA, and is used by many organizations. While Oracle has been around for a long time, there are still many people who are unsure about what exactly Oracle Cloud ERP is.

Oracle Cloud ERP is a relatively recent player in the ERP industry. However, Oracle, the company behind it, has been operating for a long time. Oracle Cloud ERP is the company’s latest flagship product. Although it’s new to the market, it has been in development for over a decade, giving it a head start over other products like SAP S/4HANA and Microsoft Dynamics 365. In fact, the product that Oracle Cloud ERP is based on is called Oracle Fusion.

In around 2010, Oracle invested a significant amount of time and money in developing the Oracle Fusion solution. However, they never fully released it, and this led to criticism of their technological capabilities. Fast forward ten years, and Oracle has had the last laugh, as it turns out that the Oracle Fusion project was a head start on their flagship cloud-based product. So while SAP, Microsoft, and others are catching up and just now making that transition to the Cloud, Oracle had that head start with Oracle Fusion.  

Oracle is also a company that started off as a database company and Oracle databases are a key part of Oracle Fusion and Oracle Cloud ERP.

It is crucial to understand that Oracle Cloud ERP, Oracle NetSuite, and Oracle Fusion are distinct solutions that cater to different business requirements. Oracle NetSuite is a product that Oracle acquired several years ago, and it primarily focuses on small and mid-market companies, particularly smaller organizations. It is a Software as a Service (SaaS) multi-tenant Cloud solution, meaning it is a subscription-based solution that offers less flexibility than Oracle Cloud ERP.

On the other hand, Oracle Cloud ERP is a comprehensive cloud-based enterprise resource planning solution that provides advanced functionality and robust features suitable for large enterprises. It is a more flexible and scalable solution than Oracle NetSuite, allowing businesses to customize it according to their unique requirements.

Thus, it is essential to analyze your business needs and evaluate the strengths and limitations of each solution before choosing the most suitable one. Only then can you leverage the full potential of Oracle’s cloud-based solutions and enhance your business performance.

Oracle Cloud ERP Maturity

Cloud maturity is something that’s on the top of mind for a lot of people evaluating potential enterprise technologies and what Cloud maturity means and alludes to is the fact that this newer Cloud solution in Oracle Cloud ERP has not been around as long as say e-business suite which was Oracle’s legacy product. Another legacy product that Oracle owns is JD Edwards those are two examples of legacy on-premise solutions that have been around for a long time and have a lot of maturity behind them.

So Oracle is more recently making that adjustment to the Cloud and what that means is two things; one is on one hand Oracle has a head start as I mentioned before with Fusion. They had a head start on that whole migration to the Cloud certainly a head start over SAP and Microsoft Dynamics and some of the other vendors that are still scrambling to play catch-up as it relates to the Cloud. But on the other hand, it is still not a mature solution especially when compared to e-business suite or JD Edwards for example, even NetSuite which is another product that Oracle owns.

So, the reason this is so important is that if you’re looking to implement Oracle Cloud ERP within your organization, you want to recognize and understand where the weaknesses are and where the lower maturity levels are.

Oracle Cloud ERP Flexibility

In comparison to products like SAP S/4HANA and other leading products in the market, Oracle has always been known for providing highly flexible products. Particularly, Oracle’s ERP Cloud offers more tools and capabilities to tailor and customize the software to meet your business processes and needs. This is mostly a positive thing, however, there is a downside to it. Just because you can change the technology, it doesn’t necessarily mean you should. That being said, in today’s fast-paced business world, where technology and business models are constantly changing, it’s reassuring to have a flexible product and technology that can adapt to your business needs. This adaptability is one of the strengths of Oracle Cloud ERP. Oracle has a strong track record in data analytics, financial consolidation, and anything related to enterprise performance management. This is largely due to its history as a database company.

Conclusion

Oracle Cloud Enterprise Resource Planning (ERP) has everything you need to optimize your business, make faster and better decisions, and outpace changes with best-in-class apps for your entire business in any industry.

Leave a Reply

Your email address will not be published. Required fields are marked *