What is Oracle ERP Cloud?

Oracle Enterprise Resource Planning (ERP) Cloud is a suite of cloud applications for finance, project management, procurement, risk management and other core day-to-day activities important in every business, regardless of size, industry or geography. Designed from the ground-up with a modern architecture and technology, Oracle ERP Cloud is natively connected with all Oracle enterprise cloud applications and scales inherently to support added users, transactions and sites as your business grows by size and into new markets across your country or the globe.

What is ERP System? (1:18)

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The bottom line for all enterprises: Oracle ERP Cloud is tomorrow’s robust enterprise applications suite available today for every industry. Breaking free from older systems is important since it is difficult for yesterday’s ERP software to be relevant. Simply stated: Oracle ERP Cloud is “tomorrow’s ERP, today”.

Key Oracle ERP Cloud product design parameters are built into the foundation of all Oracle Cloud modules. These parameters–which implement data integrity, increase efficiency and reduce costs–include:

  • Advanced analytics and reporting embedded natively and deeply across all business functional areas.
  • Architectural design to support available and upcoming next generation technologies, including adaptive intelligence (AI), artificial intelligence (AI), augmented reality (AR), blockchain, chatbots, internet of things (IoT), machine learning (ML) and robotic process automation (RPA). In addition, the built-from-the-ground-up system architecture is identical to other Oracle cloud applications that support human resources, marketing, sales, manufacturing, supply chain and service solutions; these solutions all work together seamlessly.
  • Mobility to extend all desktop applications to your smartphones and tablets for flexible working scenarios which enables a complete “work where you are” paradigm.
  • Modern UI design makes it easy for users to learn and work across all functional areas, and leverage their daily consumer experiences.
  • One database—Oracle’s industry leading and innovative technology—;with a singular data dictionary and schema across all applications.
  • Security with end-to-end embassy-grade encryption. Data is always secure from every user to the database.
  • Social collaboration tools for enabling communications paradigms and productivity broadly to manage the flow of data and tasks across all business elements and projects.

Oracle ERP Cloud comprises several different cloud apps to streamline your business processes. Oracle ERP Cloud is an applications suite of modules which includes: Financials Cloud, Project Portfolio Management (with Project Financial Management Cloud and Project Management Cloud), Procurement Cloud, Revenue Management Cloud, and Risk Management Cloud, Monetization Cloud, and Accounting Hub Cloud.

What are the different modules in Oracle ERP Cloud?

Financials Cloud: Used by businesses of all sizes, Oracle Financials Cloud offers comprehensive modern financial management applications and tools that easily integrate and scale as your business grows. Designed for collaboration and real-time access to the latest data, Oracle Financials Cloud gives companies insights faster to help minimize costs and increase productivity. With a common general ledger (GL) and flexible sub-ledger architecture, data driven decisions are easier to generate across common accounting activities including accounts payable (AP) and accounts receivable (AR). Coupled with a flexible and robust chart of accounts (COA) structure, rapid reconciliation and end-to-end financial integration, previously tedious and lengthy periodic accounting tasks, like month end close, are finished faster and more accurately. Plus, with a modern user experience that uses role-based dashboards, finance users deliver key information to the right people at the right time with real-time reporting and analytics. Embedded social capabilities empower collaboration and efficiency by facilitating communication.

For finance teams the bottom line is clear: finance teams transition from spending most of their time on tactical tasks—like period close—to pursuing enterprise strategic goals and tasks—such as modeling of a merger or acquisition for growth into new markets.

An important benefit of Oracle Financials Cloud is the delivery of a deep and versatile internal control system, highlighting critical information and messages for prioritization. Built on open standards, Oracle Financials Cloud readily extends into legacy systems, third-party applications and Oracle Cloud Marketplace partner offerings to deliver custom integrated solutions for your business.

Project Financial Management Cloud: As one part of the Oracle Project Portfolio Management (PPM) solution, Oracle Project Financial Management Cloud helps your business stay up-to-date on complex enterprise-scale projects through integrated management focus. This integration increases profitability and controls costs through cash flow visibility solutions, as well as improves billing processes and management of grands while gaining insight through advanced analytics and long-term performance trends.

Used directly by customers without IT assistance, Oracle Project Financial Management Cloud prioritizes ease-of-use with access to services hosted and managed by Oracle. Utilize role-based dashboards as a central location for project insights, acting as a single source of truth and informing decisions across project members. Featuring deep automation tools and simplified control processes, Oracle Project Financial Management Cloud empowers users to manage costs quickly and effectively in one innovative solution.

Project Management Cloud: Find the right project management tools for your business with the second part of the Oracle Project Portfolio Management (PPM) solution, featuring flexible deployment options to increase collaboration, accelerate key project elements and increase productivity. Robust mobile tools keep team members connected anywhere while providing embedded social networking structures for live document collaboration. Optimization and planning tools available to project managers simplify the workflow process for beginning managers while offering advanced scheduling capabilities for more experienced managers.

Other benefits include easily identifying and allocating labor resources to increase efficiency through task-based communication tools. Oracle Project Management Cloud empowers managers to track progress in real-time while flagging issues and changes for review.

If your organization has moved to agile development, Oracle Project Management Cloud supports flexible hierarchies for requirements and backlog items. Managed through a graphical storyboard, project participants can track sprint progress and advanced metrics across the project. As part of the Oracle Project Portfolio Management Cloud solution, Oracle Project Management Cloud can be deployed individually or as a module, easily integrating with existing solutions.

Procurement Cloud: Accelerate your source-to-pay processes with automated tools and social utilities, reducing risk and optimizing your workflow. Comprising products developed for self-service procurement, supplier qualification and management, requisitions, purchasing, sourcing and more, Oracle Procurement Cloud is a complete solution for businesses of any size for direct or indirect spend. Collaboration with suppliers is easy through document sharing and increased information accuracy for deeper insights. Employee request management is also streamlined through Oracle Self-Service Procurement Cloud with built-in spend controls.

Revenue Management Cloud: Capable of integrating with your existing ERP system, Oracle Revenue Management Cloud offers automation and audit tools to facilitate compliance with new FASB and IASB rules. Offering iterative what-if study capabilities, Oracle Revenue Management Cloud can assess imported data sets for standard implementation alongside planning and performance utilities. Oracle Revenue Management Cloud simplifies accounting processes to provide greater control and analysis for revenue flow.

For sales, by maintaining data from the entire sales cycle, Oracle Revenue Management Cloud works within Oracle ERP Cloud or other services to store and analyze sales data. Simplifying repetitive tasks, Oracle Revenue Management Cloud delivers a robust rules engine with access to entry creation across multiple ledgers. Oracle Revenue Management Cloud separates billing from revenue, maintaining compliance across revenue recognition processes independent of billing.

Risk Management Cloud: Make informed business decisions and minimize risk with Oracle Risk Management Cloud’s automation tools and controls, giving your team more financial oversight and allowing for faster solutions to the latest compliance and process issues. Protect your company from fraud and error with advanced best practice controls and new audit rules to minimize false positives. Designed to meet the changing needs of your business over time, Oracle Risk Management Cloud delivers scope controls and advanced planning tools for evaluations across business units.

A core feature of Oracle Risk Management Cloud is Advanced Access Controls (AAC) Cloud Services for narrowly defined (fine-grain) privilege analysis in a scalable offering that comes pre-integrated across Oracle ERP Cloud. Engineered from decades of experience with Oracle’s control library of industry best practices, the authoring workbench provides simple control implementation through a graphic interface. Advanced financial controls assist in detecting issues from insider privilege abuse or human error, potentially saving your business millions in losses.

The Business Benefits of Using Oracle ERP Cloud

Moving your enterprise resource planning solution to the cloud offers several advantages that keep your company on the cutting-edge of enterprise business technology. With increased and expedited security features, several deployment and integration options, as well as a full range of Oracle applications and services, Oracle ERP Cloud is a comprehensive ERP solution for businesses of any size.

The numerous business benefits of Oracle ERP Cloud include:

  • Updates Rather than Upgrades: Oracle ERP Cloud is updated regularly by Oracle, making upgrades a thing of the past. New innovations, enhancements, fixes and patches are scheduled so customers never worry about being up to date and can experience improvements more often. When an organization moves from their homegrown or legacy on-premises system to Oracle ERP Cloud, it will be their last upgrade project. This “last upgrade” approach is defined, in detail, at Oracle Soar.

  • Full Suite of Oracle Applications: The biggest advantage of a suite offering is modules working in conjunction with each other, streamlining dataflow across processes. Integrating the Oracle ERP ecosystem into your business can deliver the full capabilities of every service to improve workflow across the company.

  • Operational Expenses (Op-Ex). Not Capital Expenses (Cap-Ex): Oracle ERP Cloud delivers true Op-Ex with no hidden fees or capital expense requirements. This frees limited capital for growing your business with new facilities and equipment. No hardware, no licenses, no lengthy consulting.

  • 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.

  • Lower Total Cost of Ownership (TCO): Like the positive project ROI metrics, the positive financial values extend to longer-term enterprise TCO. Beyond cutting upfront costs—which isn’t always easy but always a priority—over the long term operational ownership costs are dramatically reduced. Moving to the cloud can decrease TCO compared to on-premise solutions, while also driving increased efficiency and productivity.

  • Revolutionary Reporting: With Oracle ERP Cloud users have access to thousands of native real-time reports out-of-the-box. For example, users get almost 600 prebuilt reports just for financials. Use these plethora of reports as-is, or as a starting point to fulfill ad-hoc or new standard requirements. Revolutionize your reporting with this growing inventory of management, operational, financial and regulatory reports.

  • Increased Security and Data Isolation: Oracle ERP Cloud uses a multilayer approach to security. Traditional patching processes are not only a headache, they are a security risk. With cloud solutions, patching is integrated on the cloud side, distributed across systems and quickly implemented to minimize risk. This process offers security at every layer of the stack. In addition to patch improvements, Oracle’s regional data centers (20 operational with additional sites underway) contain a highly secure network environment. 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 similar in appearance and use, making end-user learning more efficient. With modern user design paradigms, 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. This is especially important as the millennial generation transitions to post-millennial generation Z.

  • Integration with Third-party Applications: Oracle Cloud is built to easily extend into existing applications and services your business is already using. Featuring an ever-expanding library of APIs in addition to Oracle Integration Cloud Service (ICS), Oracle ERP Cloud offers both batch integration and web services to fit your company’s needs.

  • Marketplace: Like digital applications stores on smartphones and tablets, Oracle Cloud Marketplace delivers Oracle partner solutions that easily extend your Oracle Cloud applications. These partner-designed and delivered products represent the growing community supporting innovation and implementation of Oracle ERP Cloud across the globe.

  • Modern Best Practice (MBP): Designed and built for today’s business, Oracle Cloud products include over 180 common business processes across each offering. The ability to cover multiple applications drives rapid implementation and quicker updates with each new release. MBPs offer companies standard processes and competitive advantages.

  • Scalability: Working with big data places an increased importance on low latency. Enterprise systems require advanced system design and architecture to keep up with the millions of real-time transactions a business demands. From emerging startups to enterprise corporations, Oracle ERP Cloud offers flexibility to fit businesses of any size, with the additional capability to scale up to 360 million transactions per hour.

  • Sustainability: Running applications in the cloud keeps your SaaS solutions greener, using up to 91% less energy than on-premises solutions.

  • Globalization: Oracle ERP Cloud supports 28 languages and requirements in 40 countries to keep your company in compliance with local laws and regulations, providing a flexible payroll solution that works across the globe. Global cloud solutions keep your deductions and reporting covered so you can spend more time building your business.

Oracle ERP Works for Any Size Company

Oracle ERP Cloud for Small Business

As a small business, growth is a top priority. Finding the right tools to take your business to the next level is a critical decision that has long-term impact. With Oracle ERP Cloud for SMB, your company can minimize upfront costs and access a flexible system that grows with you. Hit the ground running with rapid transition and deployment so your team does not lose a beat while future-proofing your company. These applications grow with your firm so you never worry about changing systems as you grow. Oracle ERP Cloud for SMB continually answers a common growth question: “Will my current ERP system handle my growth?” With Oracle ERP Cloud for SMB, the answer is always “yes”.

Oracle ERP Cloud for Midsize

When competing with your industry’s biggest players, you need to bring your A game. With automated transaction processing and streamlined optimization, Oracle brings best practices and innovative features to a focused Oracle ERP Cloud for Midsize package. Developing consistent application standards now can save your company a headache later down the road, keeping you focused on getting a leg up on your competitors.

In this offering, the applications are identical to every Oracle ERP Cloud solution used by larger enterprises, which lets SMBs grow without having to worry about their ERP data and system.

Oracle ERP Cloud for Enterprise

Managing a complex organization with the agility of a startup is challenging. Oracle ERP Cloud for Enterprise focuses your company on the cutting edge with a full-featured set of modern services designed to streamline your business processes and keep your company nimble. Offering unparalleled security, flexibility and mobile accessibility, Oracle ERP Cloud for Enterprise keeps your employees connected and informed with the latest data they need for business-critical insights. Spend less time managing data and more time keeping your company focused on the next big thing.

Start Your Cloud Journey. Get to the Cloud Quickly with Oracle’s Help

Oracle offers several programs that accelerate any company’s move from an on-premises system to modern SaaS cloud solutions.

  • Oracle Soar to the Cloud: Oracle Soar is the world’s first automated cloud migration product. With Oracle Soar, a rapid upgrade tool enables Oracle customers to save time, cut costs, and stay focused on their business. All designed to deliver the last upgrade you’ll ever need to do.
  • Oracle Customer-to-Cloud (C2C) Program: Ready for the cloud, but still using an existing on-premises system from Oracle or another vendor? Download this expansive and comprehensive e-book from Oracle: “Moving to Cloud Applications. A Handbook for Successful Cloud Projects.” Oracle also offers a special migration to the cloud program called “Customer-to-Cloud”. With this program, explore all the offerings now available to current Oracle customers.
Learn more about Oracle's ERP

Beyond Oracle ERP Cloud

Oracle ERP Cloud with Other Oracle Cloud Applications—Better Together!

Your enterprise has more to consider outside of Oracle HCM Cloud, Oracle SCM Cloud, Oracle CX Cloud (marketing, sales and services), and Oracle EPM Cloud. Adopting Oracle ERP Cloud provides the benefits of a connected Oracle Cloud ecosystem, eliminating a need for additional vendor solutions.

With Oracle ERP Cloud, other Oracle applications are not only powerful and comprehensive, they are simply “better together”. Oracle ERP Cloud provides ongoing benefit for your company today and tomorrow.

Oracle ERP Cloud Training and Enhancements

Oracle ERP Cloud is constantly improving and evolving. Always stay up-to-date with the latest feature sets and capabilities:

  • Visit Oracle University for the latest Oracle Cloud Learning Solutions through digital courses and certifications.
  • Subscribe to the Oracle University blog for highlights and new course opportunities. Oracle ERP Cloud has a lot to offer—make sure your team is up to speed with the latest and greatest.

Stay abreast of all cloud improvements by regularly checking the Oracle ERP Cloud Facebook page for research, case studies and webcasts from the Oracle team.

Oracle Cloud Marketplace

Visit Oracle Cloud Marketplace for easy access to innovative, trusted business applications in a smartphone-like apps store that easily enhance Oracle ERP Cloud solutions. Featuring thousands of business applications developed by Oracle partners, the Oracle Cloud Marketplace enables Oracle Cloud customers to easily browse, evaluate, and buy trusted business applications. Leveraging Oracle Cloud Platform Services, Oracle partners quickly build applications, extend and integrate with Oracle SaaS applications, and then publish their applications on the Oracle Cloud Marketplace to reach Oracle customers.

What is the Oracle Cloud?

Oracle Cloud is an industry-leading cloud solution offering a wide spectrum of best-in-class services, including Software as a Service (SaaS), Data as a Service (DaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). Oracle Cloud also offers flexible deployment options for your business, both in the cloud and at on-premises data centers.

Oracle Cloud features cutting-edge automated tools, unparalleled embassy-grade security features and tight integration across both the application suite and existing solutions, all for the lowest cost while reducing IT complexity. Oracle Cloud also leverages a built-in marketplace with over 4,000 apps and services from Oracle partners, creating a robust cloud portfolio from the biggest names in the industry.

Learn more about Oracle's ERP