Oracle Cloud ERP is a Software-as-a-Service known to scale with your business as it grows. The SaaS application provides different modules on the same platform without the long installation process.
It is the ERP go-to option for companies seeking huge business cloud providers due to its excellent automated business procedures execution across different modules. Moreover, the deployment choices are easy and flexible, and the software runs in the Cloud, thus offering sufficient data security.
Oracle has implemented AI into ERP, which has increased its market share. You get smart suggestions on financial matters, enabling your finance team to be on top of their game.
The Oracle Cloud ERP is a package that any company should consider moving to if they are using a legacy on-premise model. The cloud solution has many features that may not be available in an on-premise version. This article focuses on unpacking these features.
- Easy Adaptation to New Technologies
New technologies such as artificial intelligence assist Cloud-based systems in improving their capabilities rapidly. They eliminate the need for constant updates like in an on-premise system. For instance, the system allows the expense reporting application to parse information from a corporate credit card.
The system can categorize expenses, the duration they were incurred, and categorize them for the entire period, say the user was on vacation. You will not have to initiate any change. Therefore, expense reporting is much easier, with Oracle providing better cost information. The enhancements are continuous in an ERP cloud system.
For these reasons, organizations are leveraging Oracle Cloud offerings for comprehensive services throughout the lifecycle of Oracle cloud applications based on their size and landscape complexity.
- Access to Better Tools
Getting Cloud applications complimenting your ERP software modules allows you to take advantage of the shifting technologies. For instance, you might be unprepared to move critical financial processes and information to the Cloud, but your business requires enhanced analytics and reporting around its activities. The scenario is an excellent example of using Oracle systems for immediate business capabilities without changing the fundamental operations.
- Extending Functionalities of Present Applications
Switching from an on-premise system to a Cloud system is not easy. Yet, supplementing legacy software with cloud applications can enhance various important tasks, such as ones that are behind or incomplete. Your business will have a great chance of adopting Cloud capabilities while drawing legacy software to a close.
- Attractive to Top Talent
The young pool of workers has grown up with technology that is easy to use and seamless. If your company is still stuck on outdated on-premise technology, you will have difficulty recruiting the best talent.
Those involved in public and manufacturing sectors need to appeal as much as possible to prospective talent if they want to bag the best. It is estimated, by 2028, the manufacturing industry might have more than 2.4 million unfilled positions. On the other hand, the public sector is only attracting 17% of youth compared to 40% in the private sector. Therefore, the two sectors must pivot how they operate to attract more young talent.
- Evolves Your Systems
The makers of on-premise systems did not build them to report engines with colorful modern outputs, as the technology was not there when they were discovered. Conversely, there are vast ways of producing complex business intelligence. Many graphical outputs are miles apart from the original on-premise ERP software. However, with cloud systems, you understand everything that needs to be successful and possible, unlike in the old systems.
- Reduction in Third-Party Dependency
On-premise systems require a third-party vendor to access your data before developing operational business intelligence for analytics and reporting. In contrast, you get improved intelligence without additional vendors when you use Oracle Cloud applications. By choosing Cloud capabilities, your operation is improved without the complexity of new relationships from additional vendors.
- Robust Security Resources
Cloud solutions offer, very largely, full-time teams that are dedicated to monitoring Cloud security threats and concerns 24/7. When you move your operations to the Cloud, you get top-tier security firepower incomparable to on-premise systems.
It is normal to want to try something before making a significant purchase. You can start by installing a few cloud applications for your legacy ERP system. In addition, buying procurement solutions can show the Cloud functionalities and increase organizational confidence. You can test the waters with a straightforward one-Cloud solution project with a modern Cloud lifestyle.
After using the Cloud, you will understand the advantages and get a clearer picture of moving away from an on-premise solution. The results will be delightful to your company, and you will want to stick with Cloud services. With that said, you can only continue moving forward. The buck stops at you. Ask yourself how fast you can grow your business and adopt new technology.