Oracle OpenWorld, San Francisco, Calif.—Oct 2, 2017
Oracle today announced that Oracle Enterprise Resource Planning (ERP) Cloud, the cloud solution of choice for finance, procurement and project management professionals, has significantly extended the breadth and depth of the solution including the introduction of new artificial intelligence (AI)-based finance and procurement solutions.
With more than 4,500 customers in 85 countries, Oracle ERP Cloud is the complete, innovative and secure financial platform delivered seamlessly through the Oracle Cloud. Part of Oracle Cloud Applications Release 13, the latest additions to Oracle ERP Cloud include modern capabilities for Financials, Procurement, Project Portfolio Management (PPM) and Enterprise Performance Management (EPM), which enable organizations to optimize operations with adaptive intelligence and standardize business processes, while lowering cost and complexity.
Oracle has expanded its portfolio of artificial intelligence-based ERP applications, which enables finance and procurement experts to improve how they manage and collaborate with suppliers. New AI-powered capabilities optimize payment terms offered to suppliers and improve cash management. They also help to identify the right suppliers for specific business needs. New Adaptive Intelligent Apps for ERP, embedded within the Oracle ERP Cloud, deliver immediate impact and value for business professionals and improve business relationships with suppliers. For further details, see the Adaptive Intelligent Applications expansion announcement.
This is a family of applications designed for organizations of all sizes looking to thrive in the digital economy. It empowers modern finance experts with streamlined processes and continuous embedded insights for better control and increased productivity. New capabilities in each of the solutions include:
This family of applications is designed to reduce costs and risks across the source-to-settle process. New enhancements include improved supplier management, sourcing and purchasing via streamlined processes, electronic signature integration and innovative sourcing programs.
This family of applications delivers new and enhanced capabilities to make staffing easier and less time-consuming for project managers, advanced grants management across multiple fund sources for Higher Education and Public Sector verticals, and streamlined project creation.
The latest additions to this family of applications include new offerings for tax reporting, and profitability and cost management, as well as new strategic modeling and disclosure management capabilities.
“Oracle ERP Cloud is the only enterprise-grade solution on the market with the breadth, depth, security, scalability and cutting-edge innovations to meet customers’ business needs,” said Rondy Ng, senior vice president, Oracle Applications Development. “Our focus on innovation, investments in industry specific capabilities, and strength in flexible and modular adoption methods, helps our customers across size, industry and geography to grow, transform and compete.”
For additional information on Oracle ERP Cloud applications, visit Oracle Enterprise Resource Planning (ERP) Cloud’s Facebook and Twitter and Oracle Enterprise Performance Management (EPM) Cloud’s Facebook and Twitter or the Modern Finance Leader blog.
Read Gartner’s 2017 “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises” research report.
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.
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