5 Reasons to Take a New Look at Oracle ERP Cloud
1. Leading Product Capabilities
5 Reasons to Take a New Look at Oracle ERP Cloud.In the 2018 Magic Quadrant, Gartner positioned Oracle ERP Cloud highest for its ability to execute. We believe this is based on the product’s leading functionality, as well as Oracle’s global capabilities, financial standing, and strong partnerships.
Furthermore, Gartner’s Critical Capabilities report rated Oracle ERP Cloud above average in all areas of functionality citing improved year-over-year scores in financial analytics and reporting, accounts receivable, and general ledger coding structures.
2. Improved Customer Experience
But it’s not just a product that provides a better customer experience. Over the past several years, as we have transitioned to a cloud company, Oracle has taken concrete steps to improve the customer experience—including accelerated buying cycles and customer success managers to help with every cloud project.
3. Part of a Complete, Connected Cloud Suite
In the Critical Capabilities report, we believe Gartner recognized the advancements we’ve made in the way of deployment and integration. This is particularly important with ERP, as it connects to nearly every other enterprise system—including human resources, supply chain management, and customer experience. Oracle offers a complete, connected suite of software-as-a-service applications across all these lines of business—something that our competitors can’t match.
4. A Global Presence
We feel that Oracle’s international presence and selling strategy are also recognized in the 2018 Magic Quadrant. This is especially important for global enterprises. The ability to do business in multiple languages, across many countries, and comply with regulations in every region, is critical for a global organization.
5. Innovation and Emerging Technology
While not discussed in detail in either Gartner’s report, we believe innovation is at the heart of the Oracle Cloud. Our applications are updated every quarter with the latest emerging technologies, uses cases, and best practices built into the software. Your ERP is never out of date—something that an astonishing 81 per cent of Oracle survey respondents cited as a top benefit of moving to ERP in the cloud.
As new technologies emerge, they will drive enormous efficiencies and process improvements:
- The internet of things (IoT) provides the ability to sense the physical world
- Machine learning identifies patterns in large amounts of data, recommends actions, and then learns from your decisions
- Blockchain records events and actions in a secure and unalterable manner
- Human interfaces (such as chatbots and voice assistants) simplify information delivery
Oracle already has offerings around each of the above technologies. Our nearest competitors only have roadmaps—and many don’t even have those.
5 Reasons to Take a New Look at Oracle ERP Cloud: Start Building the Business of the Future
Each of these technologies, on its own, has the power to transform the way we work. Together, they can build a business of the future that looks nothing like it does today.
Oracle ERP Cloud helps customers innovate today, with a focus on lowered cost, reduced time, and improved quality for better overall business efficiency. We help you predict tomorrow with meaningful insights based on trending data and desired behaviour. And we help you shape the future with a focus on leading best practices to drive increased growth from existing and new revenue streams.
Oracle ERP Cloud is tomorrow’s ERP, today. We invite you to take a new look.
Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, John E. Van Decker, Robert P. Anderson, Mike Guay, 29 May 2018.
Gartner Critical Capabilities for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, John E. Van Decker, Robert P. Anderson, 31 May 2018.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Oracle. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
5 Reasons to Take a New Look at Oracle ERP Cloud
How does Gartner assess “Ability to Execute”?
Gartner assesses vendors’ Ability to Execute by evaluating the products, technologies, services and operations that enable them to be competitive, efficient and effective in this market, and that benefit their revenue, client satisfaction and retention, and general reputation.
Each provider’s Ability to Execute is judged by its success in fulfilling its promises, using the following criteria:
- Product or Service: This criterion assesses the product offerings that compete in the defined market. These may be offered natively or through OEM agreements and partnerships, as defined in the Market Definition/Description and detailed in any subcriteria. This Magic Quadrant evaluates functional capabilities in all areas defined in the Market Definition/Description, support for the needs of midsize, large and global enterprises, and the ease with which the cloud service can integrate with other cloud and on-premises applications.
- Overall Viability: This criterion includes an assessment of the vendor’s overall financial health, as well as the financial and practical success of the relevant business unit. It considers the likelihood of the vendor continuing to offer and invest in its product, as well as the product’s position in its portfolio.
- Sales Execution/Pricing: This criterion assesses the vendor’s abilities in all presales activities and the structure that supports them. Included are deal management, pricing and negotiation, presale support, and the sales channel’s overall effectiveness. Each vendor is also evaluated on its ability to sell to finance buying centres, such as CFOs and financial controllers.
- Market Responsiveness/Record: This criterion assesses the vendor’s ability to respond, change direction, be flexible and achieve competitive success as opportunities develop, competitors act, customers’ needs evolve and market dynamics change. The market for cloud core financial management suites is dynamic, so this criterion addresses the vendor’s ability to respond to users’ needs and demands. This includes its responses to the demands of delivering core financial management applications in the cloud, which pose new challenges for both vendor and user.
- Marketing Execution: This criterion assesses the clarity, quality, creativity and efficacy of programs designed to convey the vendor’s message, in order to influence the market, promote a brand, increase awareness of products, and establish a positive identification in customers’ minds. This “mind share” can be created by a combination of publicity, promotions, thought leadership, social media use, referrals and sales activities. Each vendor is also assessed on its ability to market its offering to finance buying centres, such as CFOs and financial controllers.
- Customer Experience: This criterion assesses the vendor’s products, services and programs in terms of how they enable customers to achieve expected results with the products evaluated. Considerations include the quality of technical support for vendor-buyer interactions and account support. Also assessed is the vendor’s ability to make its marketing vision a reality and help finance teams complete the transition from on-premises to cloud deployment.
- Operations: This criterion assesses the vendor’s ability to meet its goals and commitments. Factors include the quality of the organizational structure, skills, experiences, programs, systems and other means that enable the organization to operate effectively and efficiently. In particular, we analyze the vendor’s ability to deliver a robust and reliable cloud service, and its associated support and service capabilities (whether provided directly or through partners).
5 Reasons to Take a New Look at Oracle ERP Cloud
Critical Capabilities for Cloud ERP
Cloud ERP (Enterprise Resource Planning) solutions have gained significant popularity due to their flexibility, scalability, and cost-effectiveness. When evaluating cloud ERP systems, it is essential to consider their critical capabilities. Here are some key critical capabilities to look for in a cloud ERP solution:
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Core Financial Management: A robust cloud ERP system should provide comprehensive financial management capabilities, including general ledger, accounts payable and receivable, fixed assets, financial reporting, and budgeting. It should support multi-currency transactions, automate financial processes, and offer real-time visibility into financial data.
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Supply Chain Management: Efficient supply chain management is crucial for organizations to optimize inventory levels, minimize costs, and meet customer demands. A cloud ERP solution should offer modules for procurement, inventory management, demand planning, order management, and logistics. It should facilitate seamless integration with suppliers, distributors, and other stakeholders in the supply chain.
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Human Capital Management (HCM): Managing human resources effectively is vital for organizational success. A cloud ERP system with HCM capabilities should include modules for recruitment, onboarding, employee self-service, performance management, training and development, payroll, and compliance. It should enable workforce planning, talent management, and provide analytics to optimize HR processes.
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Customer Relationship Management (CRM): A cloud ERP solution should integrate CRM capabilities to help organizations manage customer relationships and enhance customer satisfaction. It should offer features such as lead and opportunity management, contact and account management, sales forecasting, marketing automation, and customer service management. Integration with other ERP modules ensures a seamless flow of information across the organization.
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Manufacturing and Operations Management: For organizations involved in manufacturing, the cloud ERP system should have robust manufacturing and operations management capabilities. This includes features for production planning, shop floor control, material requirements planning (MRP), quality management, and product lifecycle management. It should support lean manufacturing principles and enable efficient production scheduling and resource optimization.
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Business Intelligence and Analytics: Data-driven decision-making is crucial for organizations to gain insights into their operations. A cloud ERP system should provide built-in business intelligence and analytics capabilities. It should offer customizable dashboards, ad-hoc reporting, data visualization, and advanced analytics. Predictive analytics and machine learning features can provide valuable insights for proactive decision-making.
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Scalability and Integration: Cloud ERP systems should be scalable to accommodate business growth and changing needs. They should support integration with other applications, both within the organization and with external systems such as suppliers, customers, and third-party platforms. Application programming interfaces (APIs) and integration capabilities ensure seamless data flow and process synchronization.
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Security and Compliance: Data security and compliance are critical considerations in a cloud ERP solution. It should have robust security measures in place, including data encryption, access controls, user authentication, and regular security updates. Compliance with industry-specific regulations and data privacy laws should be ensured.
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Mobile Accessibility: In today’s mobile-driven world, a cloud ERP system should provide mobile accessibility. It should have a responsive user interface or dedicated mobile apps to enable users to access and perform essential tasks on the go. This enhances productivity and flexibility for employees who need access to ERP functionality outside the office.
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Vendor Support and Roadmap: Finally, evaluate the vendor’s support services and future roadmap for the cloud ERP solution. Consider the vendor’s reputation, responsiveness, and availability of support resources. Also, examine the vendor’s commitment to continuous innovation, product updates, and incorporating customer feedback into the solution’s roadmap.
By considering these critical capabilities, organizations can make informed decisions when selecting a cloud ERP solution that aligns with their business needs, drives operational efficiency, and supports growth.
5 Reasons to Take a New Look at Oracle ERP Cloud
What are the benefits of Oracle Cloud ERP?
Oracle Cloud ERP (Enterprise Resource Planning) offers a comprehensive suite of cloud-based applications designed to streamline and optimize various business processes within an organization. There are several benefits to implementing Oracle Cloud ERP:
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Integrated Solution: Oracle Cloud ERP provides a unified platform that integrates various business functions such as financial management, procurement, supply chain management, project management, and more. This integration helps reduce data silos and improves cross-functional collaboration.
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Scalability and Flexibility: The cloud-based nature of Oracle Cloud ERP allows for easy scalability, enabling organizations to adjust their resources and capabilities as their business grows or changes.
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Cost Savings: Cloud-based solutions often eliminate the need for large upfront investments in hardware and infrastructure. They also reduce ongoing maintenance and support costs.
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Real-Time Insights: Oracle Cloud ERP provides real-time visibility into key business metrics, enabling informed decision-making and better strategic planning.
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Process Automation: The ERP suite automates routine and manual tasks, reducing errors, improving efficiency, and freeing up resources for more value-added activities.
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Global Reach: Oracle Cloud ERP supports multi-currency, multi-language, and multi-country operations, making it suitable for organizations with global footprints.
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Security and Compliance: Oracle Cloud ERP offers robust security measures and compliance features to protect sensitive business data and adhere to regulatory requirements.
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User Experience: Oracle Cloud ERP is designed with a user-friendly interface, making it easier for employees to learn and use the system effectively.
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Innovation: Cloud solutions like Oracle Cloud ERP often receive frequent updates and enhancements, ensuring that organizations have access to the latest features and technologies.
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Mobile Access: Oracle Cloud ERP can be accessed from various devices, allowing users to work remotely and stay connected while on the go.
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Supplier Collaboration: Oracle Cloud ERP facilitates collaboration with suppliers and partners through features such as supplier portals and electronic procurement.
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Analytics and Reporting: The ERP suite offers advanced analytics and reporting capabilities, enabling organizations to gain insights from their data and make data-driven decisions.
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Reduced IT Burden: With the cloud model, much of the technical maintenance and upgrades are managed by the cloud provider, reducing the IT workload for the organization.
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Eco-Friendly: Cloud solutions like Oracle Cloud ERP contribute to environmental sustainability by reducing the need for on-premises hardware and data centers.
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Rapid Implementation: Cloud ERP solutions can be implemented more quickly compared to traditional on-premises solutions, allowing organizations to start realizing benefits sooner.
These benefits make Oracle Cloud ERP an attractive option for businesses looking to modernize their operations, improve efficiency, and stay competitive in a rapidly evolving business landscape.
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