What is Oracle ERP Cloud?
Oracle ERP Cloud is a comprehensive and innovative business management solution for companies of all sizes. It is complete cloud-based software. It includes modern best practices and integrated industry standards to help companies get the most out of their business processes. The platform was designed to simplify and automate key business areas including planning and procurement, finance, reporting, project planning, tax obligations, product life cycle, risk management, etc.
It is an enterprise resource planning (ERP) software package. Provides a compilation of trusted applications designed to lower costs, improve controls, and increase productivity. Oracle ERP Cloud uses a modern approach and connects with the flexibility and ease of cloud technology to form the backbone of diverse institutions dedicated to IT, financial services, marketing, consulting and professional services, telecommunications, sales, pharmaceuticals and engineering.
Benefits of Oracle ERP Cloud
Oracle ERP Cloud is a powerful set of ERP tools designed to streamline the company's business processes. It is a robust platform that provides the essential security, functionality, analysis and integration tools for the proper functioning of a business. The answer supports a variety of ledgers, entities, currencies, and accounting standards, making it easy for you to expand your business into new markets.
One of its featured modules is Cloud finance. It is a comprehensive, scalable and integrated financial management system. Provides a next-generation information solution based on an analytical data model. The module generates timely, accurate and consistent data to support management and reporting. Supports global institutions in a wide variety of industries.
Another module is Financial management of projects in the cloud. It's a business system for project-driven institutions that keeps you informed with comprehensive project financial management. The project management cloud provides reliable tools and procedures for project execution that can be implemented with existing solutions or with Oracle Cloud Suite.
At the same time, Oracle ERP Cloud includes a module for Cloud shopping. The purchasing module includes a self-service portal designed for fast and flexible billing and a supplier portal that facilitates collaboration with suppliers, enforces policies, and manages operational risk. Streamlines the process from origin to payment, through social collaboration and automation, while minimizing costs to achieve higher margins.
Oracle ERP Cloud Features Overview
- Financial planning and analysis
- Order management
- Business performance management
- Risk management
- Income accreditation
- Fiscal obligations
- Inventory and supply chain
- Financial closure
- Project planning and execution
- Product life cycle