The pinnacle of your construction programs
Updated March 24, 2020
The pinnacle of your construction programs
Score 10 out of 10
- Oracle Financials Cloud
- Oracle Revenue Management Cloud
- Oracle Risk Management Cloud
Overall Satisfaction with Oracle ERP Cloud
We use the Oracle cloud for a variety of reasons. I find the most useful is "ERP Analytics". This program has allowed us to develop very meticulous reports and provide visual aids for big data problems. Working in engineering and having a large array of techniques for our civil engineering has created an issue when trying to sort data into applicable metrics. With the use of this asset we have found a comfortable reporting scheme that can be used by project controls, estimating, and engineering. This product is used specifically by our company. I can't confidently say that everyone uses it but the reports are definitely used company wide. In addition the Financials cloud has worked wonders for creating visualizations for monthly and quarterly presentations. Regardless of how vague or detailed you need your reports to be, these systems allow you to streamline your financial business processes and technologies. Imagine taking thousand of cells of data and having an algorithm find, separate, and explore trends between data. It's a project control team's dream. I can say with specifics that two Oracle Financial Cloud's trends have immediately changed how we do things in the field. Discarding an inefficient method for one that has become apparently more effective and cost saving. All-in-all the programs pay for themselves.
- Oracle allows immediate integration of our financial data and allows us to compare cost performance with revenue.
- The cloud allows various views of the same data. Something extremely helpful for executives for different needs on what they want their final presentation to be. Some like spreadsheets with as much data as possible, and some like having everything tied into one 3-d graph. All these options are viable at the click of a button with Oracle's cloud.
- The best part about this product is accessibility. Having multiple job sites and multiple meetings can be cumbersome when you have executives constantly moving around. These programs allows access and presentation from a centralized format, something that can never be overlooked.
- This may be my own ignorance, but I've found that trying to teach less computer savvy people these programs is difficult. It's definitely a powerful program/storage solution, but we have yet to be able to integrate everyone as the interface seems like too much detail for them. So buyer beware.
- If I'm being honest, a large con for me was the cost. Our company pays a lot of money for these programs and luckily we utilize it but I would warn that anyone who embarks on this journey, truly use it to its capabilities, not just as a cloud based excel program.
- For my company specifically, The ROI module as become the least used tool we have. I wouldn't say there's anything too specific that turns us off of it, but we have other methods and these ROI calculations do not account for some of our contract styles, specifically PPPs.
Although massive, the functionality is copacetic with almost everyone on staff. There's no denying that you need to understand how to use computers, and use them well but if you're passed that, you're good to go. Risk management has also been a wonderful tool. Creating events that offer risk and financial repercussion in one place is something that can not be understated in the construction industry.
- We have had multiple scenarios where use of the metrics produced and displayed by Oracle cloud helped us identify an inefficient process. We eventually stopped using it and was able to go forward with the cost effective, schedule saving process and came out way ahead. I can't tell you the exact variance but it was well into the $100,000's.
- One negative impact we had was that since transitioning to this program, we have seen an increasing number of lay-offs related to people being incapable of adjusting to the new program. I guess this is somewhat in the 'growing-pain' part of our industry but was still a socially negative impact.
- Another wonderful tool used was the project management cloud. You can imagine how difficult it is to keep track of so many different operations that required their own planning. This tools allows us to integrate most of them.
Centralizing our databases, allowing access to large file engineering documents, and enabling all our employees to be proficient in these programs has had a tremendous impact. I can't tell you ho many times we've been contacting by field staff, asking for drawings, and we were able to direct them, over the phone how to access the drawings in real time. Given the right personnel for training, this suite and cloud based data cloud has paid for itself times over.
Well, simply said there's a reason we USED to be their clients. although their ideas are innovative, Oracles cloud has become the on-stop-shop for everything these programs used to do. We used to have to pay both companies to get the functionality we were looking for but since switching we literally only use Oracle for everything. Honestly has made everyone that stayed on-board's life much easier.
Whenever you're giving a presentations on something as difficult as financial data, we always find the financials module to be extraordinarily useful. Being able to organize large data, have the metrics calculated and representation in multiple formats is a life-saver. When it comes to actual scenarios, it becomes difficult to assign erroneous numbers to run out other scenarios. An example would be if you wanted to run a different production rate, or various production rates to see the cost impact. I've yet to find a module that can support this.
Oracle ERP Cloud Feature Ratings
Decision Factors & Implementation
Yes - We were previously using things like Dropbox (for smaller projects), and Microsoft Azure. For the time being they seemed to be amicable solutions, but once we started transferring all of our data-basing, accounting, and really anything related to any metrics to Oracle's JDE and the suites associated. We found that Oracle Cloud based was the only real solution. Currently, we're finding that it was not worth our time to even consider using these other cloud based solutions as the work doubled whenever we needed to access the information. In this era there are already too many accounts and too many servers transferring information. Are you on VPN? Are you on the home internet? All these issues become ghosts of the past once we transferred over.
- Product Features
- Product Usability
- Product Reputation
- Prior Experience with the Product
- Analyst Reports
I think the most important factor was the fact that we were already using Oracle products. We were piecemealing Oracle's products prior to full buying into the suite. Once we were pleased with Oracle's programming we started looking into what it would take to have our information transferred from our current on-site directories and numerous cloud based. Our consultant (Bryce? I believe) walked us through the process. Even worked with us according to our company's goals to show us on our day-to-day how we would make the shift. Eventually even went as far as to put together a back-up guide for all of our documents to be distributed company-wide.
Our implementation was easy with the help of Bryce? (Once again I completely forgot his name but I believe it's Bryce). There were hiccups here and there but overall their response time to tickets was just as prompt as the implementation. Overall, all things considered it took us about 2 months to have everything updated and eventually submitted to the cloud. We're extremely pleased with the team.