Table of contents

  • Advance to Next-generation ERP with Cloud Applications

    Advance to Next-generation ERP with Cloud Applications

    Today’s finance leaders know their ERP systems are a critical part of their business. ERP technology enables day-to-day operations, ensures data integrity and enhances business insights. Despite the major role these systems and software play, more than three-quarters of business leaders report that their ERP systems aren’t addressing their current needs, let alone preparing them for the future1. Highlight Share This was revealed in a study conducted by the American Institute of CPAs (AICPA) and Oracle that sought to identify the traits of CFOs and finance teams that are driving business agility. Rather than reacting to digital disruption and transformation, these agile finance leaders are leading the charge with innovative cloud solutions.

    To meet the challenges and leverage the opportunities of the digital economy and evolving technologies, companies are modernizing their ERP systems. That’s where cloud applications come in. Cloud offerings are rapidly altering the ERP landscape and enable companies to meet and leverage new technologies.

    While legacy ERP systems are tied to on-premises environments with costly in-house data centers full of expensive purchased hardware, ERP systems in the cloud are kept on a secure network of remote servers. Companies that operate in the cloud have the same data ownership and access as always, but with significant savings since hardware systems and software licenses are not purchased. But saving money is just the beginning of what cloud-based ERP systems offer in terms of major business benefits.

    Continue reading, and discover why moving to the cloud modernizes your ERP technology and gives your business the agility and insight it needs to respond tactically and strategically to the next wave of daily challenges and future opportunities.

  • Modernizing with ERP Cloud

    Modernizing with ERP Cloud

    Embraced by agile finance leaders

    Cloud is a proven technology that is already used by thousands of organizations around the globe, including many of the world’s most successful companies and their finance teams. Highlight Share This was revealed in a study conducted by the American Institute of CPAs (AICPA) and Oracle that sought to identify the traits of CFOs and finance teams that are driving business agility2. Rather than reacting to digital disruption and transformation, these agile finance leaders are leading the charge with innovative cloud solutions.

    Are you planning a software and/or hardware upgrade project for your current on-premises or hosted ERP system?

    of respondents agree

    of respondents disagree

    Yes

    Take a moment to analyze your plan. By moving from an on- premises or hosted ERP upgrade project to a ERP cloud system, you can reduce your ERP ROI and ERP TCO by 50% or more, according to findings from the independent firm Nucleus Research. When you move your ERP from cap-ex to op-ex, you’ll also free up capital funds for other business needs.

    Keep reading to learn more

    No

    Now is a great time to consider migrating to an ERP cloud system. Working with experienced partners and sales representatives, you can quickly craft an analysis that shows how it’s possible to reduce your ERP TCO by 50%, based on studies by the independent firm Nucleus Research. You’ll also free up cap-ex for other business needs.

    Keep reading to learn more

    The study found these agile finance leaders are much more likely than others implemented cloud-based enterprise performance management (51% vs. 17%). A greater percentage (45% vs. 17%) has also fully implemented cloud ERP for standardizing their accounting processes. Highlight Share

    “The fact that we’ve been able to integrate these acquisitions seamlessly without extra costs to my finance function is fantastic,” says Chad Kelley, controller at Irving Materials, an Indiana-based manufacturer of construction materials3.

    Kelley and his team can now refresh financial statements in minutes and handle complex reporting requirements in 240 locations.

    “Our cloud ERP system enables us to expand regardless of location,” he adds.

    Preparing for the future

    In the future, some experts are confident that cloud will play an even bigger role than it does today. In “Finance 2020: Death by Digital,” industry analyst David Axson predicts that in three years, many complex finance legacy systems will be gone and replaced by cloud-based platforms4. Highlight Share

     

    Cloud-based platforms will become the predominant technology for reporting, planning, forecasting and analytics in the finance organization of the future

    - Chad Kelley, controller at Irving Materials, an Indiana-based manufacturer of construction materials.

    One aspect of finance that is already changing is the makeup of the workforce. As younger generations enter the picture, they’re less likely to accept out-of-date technologies, antiquated processes and unappealing interfaces.They’ll expect mobile and social capabilities and technologies that facilitate easy collaboration and information sharing. Highlight Share

    By modernizing your ERP solution to meet and exceed the expectations of future generations of workers, you’ll create a stronger environment for recruiting and retaining top talent.

    The cloud lifestyle

    Change happens quickly and constantly in the cloud, and this change is not dissimilar from other business and consumer technology paradigms. In fact, the cloud follows in parallel to this paradigm in terms of speed, innovation and adoption. After your company decides to modernize and move to the cloud, the initial migration often takes place in a relatively short period–a few months for the cloud rather than many years for typical on-premises projects.

    Do you have plans to add more software, users and locations to your current ERP system?

    of respondents agree

    of respondents disagree

    Yes

    Whether you grow organically or through acquisitions, you’re likely to add people and application licenses to your ERP. By increasing capacity with cloud ERP applications, you’ll avoid the lengthy, costly projects that on-premises systems require. With cloud ERP applications, you’ll simply order more of what you need. No new hardware. No license purchases. No implementation or project costs. It’s simply easier.

    Keep reading to learn more

    No

    Even if you currently have adequate ERP licenses and applications, you’ll need more as you grow. When that happens, your on-premises system would require analysis and assessments for adding hardware, purchasing licenses and engaging consultants. But working with cloud ERP applications dramatically simplifies the process. Simply request more of what you need and you’ll be ready to move forward – often within the same day.

    Keep reading to learn more

    Once your company is operating in the cloud, you’ll also experience continuous upgrades to ensure that you have bug fixes, the latest software features and technology innovations. You’ll always receive notice of these upgrades which typically happen with few interruptions to normal business operations.

    The best news: your ERP costs will drop significantly, your IT staff will translate their skills from tactical to strategic activities and, perhaps most importantly, your colleagues–regardless of their professional experiences and history–will be working better together across devices they prefer in a truly applications- and data-integrated environment, driven by a rich socially-connected environment, all experienced in real time. Highlight Share

  • Why Oracle?

    Why Oracle?

    Lower costs

    In the past, small and midsize companies often found on-premises ERP systems to be either too costly or too complicated. Large enterprises typically found their on-premises systems turned into endless projects fueled by tremendous volumes of cap-ex cash. But since cloud solutions reduce both operational and capital expenses, smaller companies benefit from the same industrial- strength ERP software that larger companies already benefit from every day.

    The bottom line is that with cloud applications, company size and industry are no longer relevant. Small and midsize enterprises use the same platform and applications as their larger competitors which radically equalize the operational playing field.

    With Oracle’s cloud services, companies of all sizes reap significant cost savings. Exactly how much can you save? Per a study from Nucleus Research, the average initial business costs (software, hardware, personnel and training) over a three-year period for on-premises ERP were 2.1 times higher than Oracle ERP Cloud5. Highlight Share

    Would you prefer to utilize real-time tabular and graphical reporting and analytics rather than export data to multiple spreadsheets?

    of respondents agree

    of respondents disagree

    Yes

    Real-time embedded reporting and analytics reports are timely and accurate. With cloud applications, you don’t have to worry about data that’s disconnected from its source or about the duplication of spreadsheets that are susceptible to errors. By working with real-time data and avoiding human-generated errors, you’ll revolutionize your reporting.

    Keep reading to learn more

    No

    While spreadshees are a common and convenient option for business analysis, they also come with risks. Every time data is exported from a financial system the connection to the source is broken. Because the data isn’t updated in real-time, it’s easier for errors to persist and spread. This threat is magnified by complicated formulas and a lack of version control.

    Keep reading to learn more

    Advanced reporting capabilities

    Oracle Cloud applications eliminate the need for third-party reporting solutions by delivering embedded analytics with a large variety of pre-built reports, along with tools for users to create their own reports with no IT assistance. These native reporting and analytics capabilities work effortlessly across the integrated one-schema database structure in which Oracle applications are constructed and deployed.

    By combining multiple Oracle Cloud apps, embedded analytics reveals deep and detailed insights. You make faster and more sound decisions for your business as current and future scenarios are intuitively and colorfully evaluated, without reaching for yet another spreadsheet.

    Intuitive and innovative software

    Just because the cloud will appeal to incoming generations, it doesn’t mean it will alienate seasoned employees. Oracle’s software is innately intuitive and encourages exploration from users of all backgrounds. In many cases, formal user training is eliminated or at least minimized due to the modern and intuitive design of Oracle’s cloud applications.

    Security for sensitive data

    With embassy-grade security, Oracle ERP Cloud is entrusted by businesses and other organizations around the world. Oracle’s 20+ data-center regions are manned by Oracle employees 24 hours a day, 7 days a week. Highlight Share With Oracle’s encrypted and secure data-isolation framework, your database is never shared with other customers, all with less risk compared to typical on-premises environments.

    A comprehensive solution

    Companies need support that goes beyond simply delivering software. Relative to on-premises solutions, Oracle now provides the entire solution, including Oracle-designed and Oracle-developed software, software delivery via the cloud and the complete infrastructure to securely operate the solutions. Oracle ERP Cloud also encompasses all core business functions for your enterprise and integrates operational processes. This gives your employees greater visibility and enables them to rapidly respond to changing market conditions while simultaneously pursuing opportunities for new products and expanded markets. Plus, with Oracle, the cloud goes beyond ERP with natively integrated common data schema solutions, including HCM, EPM, SCM, manufacturing, sales, service and customer management.

    Constant innovation and continuous improvement

    Boasting a pedigree of database and system infrastructure firsts, Oracle has been developing and selling ERP software for more than 25 years across the globe. Oracle stays ahead of the technology curve with its dedication to constant innovation and patentable ideas, all driven by an annual R+D budget that exceeds $6B.

    Oracle ERP Cloud

    Companies discuss how cloud-enabled emerging technologies and best practices are revolutionizing finance processes and productivity, and driving continuous innovation.

  • Next Steps

    Next Steps

    Mapping your journey to the cloud

    As you prepare for your move to cloud ERP, there are several steps that will make your experience more seamless. Collecting information on the following topics in conjunction with your colleagues, leadership team and consulting business partners, will provide a framework for your cloud transformation:

    • Processes – Which business processes (examples: procure-to-pay, order-to-cash) need to be modernized and standardized? Would you like to work with published best-practice processes?
    • Spending – How much capital and operational money are you spending currently supporting on-premises systems including hardware systems, software licenses and IT support staff? Are annual maintenance contracts increasing in cost?
    • Licenses – How current and modern are the software and hardware? Are there needs for new software and hardware to support new employees, locations, acquisitions and markets?
    • Users – Are users across your employee spectrum happy with the current systems? Can they utilize social tools and popular devices, including smartphones and tablets? Are you adding younger employees and likewise, are older employees starting to retire?
    • Functionality – What areas are current solutions not meeting expectations, especially in reporting and analytics? Do you have to use multiple solutions for different vendors to comprehensively manage your enterprise?
    • Systems – An inventory of third-party systems in place to mitigate shortcomings and user needs not addressed by your on-premises system (for example: third-party solutions for analyzing exported data through business intelligence or data warehouse solutions).
    • Spreadsheets – Are spreadsheets the default answer to data analysis questions?
    • Vision – What would an ideal system look like for your company?

    Compared to on-premises solutions, there are many details you will automatically skip. For example, your initial efforts don’t have to worry about the number of current and future user licenses required since the cloud scales on demand to meet your business needs. Technical requirements are less important with cloud discussions since you only need to establish and maintain high-quality and reliable internet and network services.

    As you and your colleagues thoughtfully answer these questions, you’ll emerge with a clear roadmap for how to define, plan and deliver your cloud ERP solution.

  • Get Started Today

    Get Started Today

    Regardless of your company’s current situation, Oracle’s experts are available to make your modernization process as seamless as possible. Generally, one of these three scenarios apply:

    • Current Oracle ERP on-premises customers can explore Oracle’s Customer 2 Cloud program, which will help you migrate to the cloud, add more capabilities in the cloud and possibly recycle your existing ERP seat licenses into cloud subscriptions.
    • Companies with on-premises ERP from another vendor can find out how to migrate from or enhance capabilities with any other system. Learn how to move your business forward with Oracle’s breadth of cloud offerings.
    • Companies with no ERP can work with Oracle and its partners to deploy a clean-sheet cloud ERP strategy that’s aligned to your company’s size and business goals.

    For companies who haven’t yet migrated to cloud ERP, it’s increasingly not a matter of if this change will happen, but when. Highlight Share By taking the first steps toward modernizing your business with cloud applications, you’ll prepare your company for increased operational efficiency, greater agility and the foundation needed to keep pace with—and even lead—the next digital transformation.

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