Defending Champion of the Magic Quadrant Proves Itself Again!
Updated October 02, 2019
Defending Champion of the Magic Quadrant Proves Itself Again!
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- Oracle Risk Management Cloud
Overall Satisfaction with Oracle ERP Cloud
Oracle ERP Cloud is being solely used by our Finance department. As our organization started to grow, we quickly realized that we needed a robust and reliable platform that can handle all of our financing needs. Oracle ERP Cloud solves a variety of fundamental finance-related problems such as: planning finance, ensuring governance, managing accounts, managing risks, and reporting of taxes.
- Enterprise-grade security...period. There is no worse casualty an organization can face other than data theft.
- Reasonably priced, so it does not empty the organization's budget. The price of Oracle ERP Cloud is lower than most of its competitors.
- Has plugins for all the major databases, making integration of Oracle ERP quick and easy.
- The user interface isn't necessarily friendly to newcomers. There is definitely a learning curve when it comes to getting used to where all the components and settings are.
- The stock modules provided may not appeal to all businesses. Our organization had to create custom modules to satisfy our business needs.
- Lacks localization features that cater to those outside of North America when it comes to legal and fiscal requirements.
- As mentioned previously, ROI benefited greatly when we dropped the multiple products we were using before, and switched over to Oracle ERP Cloud.
- Annual cost of ownership decreased due to not needing to purchase software and hardware.
- Overall, ROI increased by around 5% after we successfully implemented Oracle ERP Cloud.
Compared to Oracle ERP Cloud, SAP ERP falls short in many features. For example, SAP has a rudimentary budgeting tool while Oracle ERP offers Asset Lifecycle Management which is gives organization a much more finer grain control over their financing needs. One area that SAP is better than Oracle ERP is their quality and quantity of HR functions.