Oracle is Cost Savings in Operations & IT
Organizations that implemented On-premise ERP incur massive expenditure for one-time software license purchase and have to employ technical resources to maintain the software. Besides, currents ERP systems are too much expensive to upgrade the latest versions. However, Fusion Cloud cuts down the expenditure’s as it is a SaaS product and lowers dependency on IT. Innovation Opportunities Oracle ERP Cloud introduces oracle e-business suite application, the best features of all its on-premise solutions and advanced AI capabilities to increase user’s productivity. Current ERP systems are too much old and no longer meet exactly what enterprise’s needs. Oracle offers architectural design to support available and upcoming next-generation technologies in ERP Cloud, including adaptive intelligence (AI), artificial intelligence (AI), augmented reality (AR), the blockchain, chatbots, internet of things (IoT), machine learning (ML) and robotic process automation (RPA). Faster to Implement Cloud ERP products, compared to On-premise solutions, are faster to implement and easier to switch. Oracle has worked on data migration tools such as Oracle Soar to automate most of the migration process and allow enterprises to move to Cloud in around 20 weeks. Higher Return on Investment (ROI) Independent research shows the ROI of a cloud solution, when compared against a traditional on-premises system, is over 3.2x when considering multiple scenarios based on data from hundreds of customers. Increased Security and Data Isolation Oracle ERP Cloud uses a multilayer approach for better security. With cloud solutions, patching is integrated on the cloud side, distributed across systems and quickly implemented to minimize risk. Customer access to the Cloud is encrypted, with an option to use a secure VPN connection. With complete data isolation, no customer has their data co-mingled with other cloud customers in the same database, minimizing risk and providing update flexibility with embassy-grade security. Common and Modern User Experience (UX) With Oracle ERP Cloud, applications are very similar in appearance and in use, making end-user learning more efficient. With modern users design paradigm, new users rapidly acclimate to Oracle ERP Cloud applications regardless of their role and responsibilities. Support Next-Generation Employees An underlying principle of Oracle ERP Cloud is to address the experiences, education, and expectations of next-generation employees. As organizations compete for talent, especially for hard-to-fill positions in finance and other core business operations, the use of consumer-like applications that work with mobile devices and enable a work-anywhere, anytime, lifestyle will often drive talent acquisition, employee productivity, and career satisfaction. These are especially important as the millennial generation transitions to post-millennial generation Z.
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