Oracle Cloud Enterprise Resource Planning (ERP) is a core suite of Oracle Cloud software-as-a-service (SaaS) applications. Oracle Expense Management and Oracle Risk Management are part of this solution. Other apps include Financials, Revenue Management, Accounting Hub, PPM, and Procurement.
The single cloud platform offers built-in industry standards and modern best practices.
ERP software is the backbone of many organizations and Oracle aims to offer a modern, connected approach combined with the ease and flexibility of the cloud. Oracle Cloud ERP solutions deliver the functionality, analytics, security, mobile capabilities, and social collaboration tools needed to run a business and optimize business processes.
A cloud ERP system can be implemented more rapidly and at lower costs than similarly-featured on-premises ERP solutions running on internal corporate data centers. Any employee can access cloud services and data in real time to stay on top of critical business functions, such as financial planning and analysis, financial reporting compliance and other financial services, as well as supply chain management and project management.
Oracle applications on the cloud have integrated artificial intelligence functionalities to enable advanced business intelligence and analytics features, so as to drive smarter decision-making throughout the enterprise by deriving actionable insights from massive quantities of data.