Right now, every business is planning to invest in technology to modernize its systems. The benefits are obvious: it helps companies stay competitive while also cutting down costs and simplifying processes.
Indeed, every company, regardless of which industry they belong, is balancing the demands of their stakeholders, consumers, and work force. These companies need to make better decisions to satisfy everyone involved. And they need to make these decisions fast.
What do all of these organizations do?
Organizations rely on huge cloud providers such as Oracle to simplify their IT and make it more accessible to everyone concerned. They also do not have to worry about continuous improvements and adopting new technologies, such as artificial intelligence and machine learning, because the providers do that.
Rondy Ng, Oracle’s senior vice president of applications, explains it further by saying that technology can help businesses streamline their processes, while also improving engagement. It can also transform the current processes they have.
The University of Pittsburgh implements Oracle ERP Cloud
For Monte Ciotto, the associate vice chancellor of financial information systems at the University of Pittsburgh, the move to Oracle ERP Cloud will help the university achieve its goals.
Ciotto says that in order to maximize impact and value, they should have the technology and it should be something that ties together different business functions. Oracle ERP Cloud allows them to manage student data, human resources, and even their finances using the same platform.
That means that there is only a single source and repository for the university’s information, a setup that improves efficiency and gives rise to better organizational insights.
The insights that Ciotto is referring to are largely because of analytics, machine learning, and artificial intelligence. These technologies are used by Oracle ERP Cloud and Oracle HCM Cloud applications.
Oracle dominates
It is not just the University of Pittsburgh that has trusted Oracle over the years. IDC reports that Oracle has the most market share when it comes to enterprise applications that are delivered “as a service”. They rule the SaaS space three years in a row.
Oracle CEO Mark Hurd cited this statistic during the company’s earnings report. According to Hurd, quite a number of organizations have trusted Oracle for their cloud endeavors.
The long list includes Ferguson, a wholesale plumbing equipment distributor that is valued at $21 billion. And there’s also Argo Insurance, Helmerich & Payne, Experian, Emerson Electric, Tiffany, Wright Medical, Waste Management, and Rutgers University.
Why is Oracle seeing so much success when it comes to cloud apps? The answer is simple: They help users find the answers to their questions – fast and easy.
What is Oracle ERP Cloud?
Oracle ERP Cloud is an end-to-end enterprise management tool for businesses of all sizes. With this, you get comprehensive software that lives in the cloud. It already has features that take into consideration all the best practices and industry standards.
You also don’t have to worry about getting lost when using Oracle ERP Cloud. It is designed for simplicity. It is also scalable. Scale-up as your organization grow. You can automate core business processes in areas such as project management, reporting, financials, compliance, product lifecycle, governance, and risk management, among others.
This is a fully integrated ERP that offers you a wide assortment of applications that can:
- Improve controls
- Increase productivity
- Reduce costs
Why should you use Oracle ERP Cloud?
Oracle ERP Cloud helps you streamline your procedures. You get a wide range of analytics, integration, and security tools.
Moreover, it supports multiple ledgers, currencies, entities, and accounting standards. This means you will be ready to branch out your business and do it with ease.
For instance, the Oracle Financials Cloud is a financial management system that gives you great reports created with an analytic data model. You can generate accurate, consistent, and timely data to help you with your reporting and business decisions.
Or you can check out the financials management cloud. This will help you manage the costs and expenses associated with a particular project.
Meanwhile, the Risk Management Cloud helps you with compliance matters. It gives you a centralized and secure risk control repository that will help you lessen mistakes in financial reports.
Furthermore, you have the Procurement Cloud module. This module has self-service portal that is designed to make contract billing fast and flexible. You can also take advantage of the supplier portal that will help you manage supplier risk and at the same time weed out those that are not up to par.
In short, Oracle ERP Cloud allows you to increase productivity while keeping costs down, and in effect, saving you money. It also simplifies controls while helping you arrive at better business decisions.
You get excellent cloud services, embedded social features, native business intelligence, mobile integration, and a user-friendly interface.
How much will it cost me to use Oracle ERP Cloud?
With Oracle ERP Cloud, you pay by the modules you use. The Financial Reporting Compliance will set you back $175 per user per month. Advanced financial controls will cost $80 per user per month, while advanced access controls will cost $150 per user per month.
If you want the Financial Reporting compliance, you will have to pay $175 per user per month. You get control and issue management, assessment and certifications, and centralized risk repository.
What’s next?
With all the benefits that Oracle ERP Cloud can give you, it does not make sense to wait. Call Four Cornerstone today and see how we can help you get Oracle ERP Cloud up and running when you need it.
We also have a team of Oracle experts that can train your employees on how to use the Oracle ERP Cloud, or just about any Oracle product you have or that you plan on using.
Gain a team of Oracle ERP Cloud experts by calling us now at +1 (817) 377-1144.
Photo courtesy of Oracle.
