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Oracle Cloud Enterprise Resource Planning

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Oracle Enterprise Resource Planning Cloud
Developer(s)Oracle Corporation
Stable release
19C[1]
LicenseProprietary
Websitewww.oracle.com/applications/erp/

Oracle Enterprise Resource Planning Cloud is a cloud-based software application suite introduced by Oracle Corporation in 2012.[2] Oracle ERP Cloud manages enterprise functions including accounting, financial management, project management, and procurement.[3]

Product

Oracle ERP Cloud is an end-to-end Software as a service suite that manages enterprise operations.[3] The suite runs on an Oracle technology stack in Oracle’s cloud centers.[4] Oracle ERP Cloud is accessible through both public and private cloud implementation and supports hybrid deployment. Oracle supplies updates to Oracle ERP Cloud at least twice annually.[3] According to the company’s website, there are nine different software modules that make up the Oracle ERP Cloud suite,[5] namely:

  • Financials
  • Accounting Hub
  • Procurement
  • Project Management
  • Risk Management
  • Enterprise Performance Management (EPM)
  • AI Apps for ERP
  • Supply Chain Management (SCM)
  • NetSuite

In March 2017, Oracle ERP Cloud received HIPAA certification.[6] The software suite is designed to support international enterprise functions and includes multi-GAAP, multi-currency, multi-language, and multi-subsidiary capabilities.[7]

History

Oracle ERP Cloud was based originally on Oracle Fusion Applications, Oracle’s enterprise resource planning software suite developed for Oracle Fusion Architecture and Oracle Fusion Middleware released in 2011.[8] In June 2012, Oracle CTO and chairman of the board Larry Ellison announced the Oracle ERP Cloud application suite as a part of Oracle Cloud, the company’s broad set of cloud-based applications.[2][9] Oracle announced preview availability of Oracle ERP Cloud at Oracle OpenWorld 2012.[10][11] In October 2015, the company reported that Oracle ERP Cloud had surpassed 1,300 customers.[12] On August 2, 2017, Oracle announced Release 13 of Oracle ERP Cloud.[1]

In 2017, Oracle CEO Safra Catz announced the availability of Oracle ERP Cloud in India to assist the country in preparation of its Goods and Services tax reforms.[13]

In March 2017, Oracle reported that Oracle ERP Cloud had grown 280% in fiscal quarter 3.[14]

In September 2017, it was reported Oracle’s cloud ERP business grew 156% in first quarter 2017-18 and had reached an annual run rate of $1.2 billion.[15][16]

Regions

Oracle ERP Cloud is available in North America, South America, Asia and EMEA regions.[17]

Certifications

Oracle offers certifications in Software as a Service (SaaS) specializations for Oracle ERP Cloud.[18][19]

Oracle Financials Cloud

  • Oracle Accounting Hub Cloud 2017 Certified Implementation Specialist
  • Oracle Financials Cloud: General Ledger 2017 Certified Implementation Specialist
  • Oracle Financials Cloud: Payables 2017 Certified Implementation Specialist
  • Oracle Financials Cloud: Receivables 2017 Certified Implementation Specialist
  • Oracle Revenue Management Cloud Service 2017 Certified Implementation Specialist

Oracle Procurement Cloud

  • Oracle Procurement Cloud 2017 Certified Implementation Specialist

Oracle Project Portfolio Management Cloud

  • Oracle Project Portfolio Management Cloud 2017 Certified Implementation Specialist

Oracle Risk Management Cloud

  • Oracle Financial Reporting Compliance Cloud 2017 Certified Implementation Specialist

Notable customers & partnerships

Academic institutions

Events

Oracle OpenWorld

Oracle OpenWorld is an annual technology conference hosted by Oracle and has featured announcements of updates to Oracle ERP Cloud.[41]

COLLABORATE

COLLABORATE is an annual technology forum hosted by independent Oracle users groups, including the International Oracle Users Group (IOUG), the Oracle Applications Users Group (OAUG), and Quest Oracle Community, that provides training for Oracle products including Oracle ERP Cloud.[42]

Awards and Recognition

In 2017, Oracle ERP Cloud was listed as a leader in Gartner’s “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.”[43] The product was positioned the highest for both completeness of vision and ability to execute.[44]

See also

References

  1. ^ a b "Oracle delivers bevy of updates to its cloud suite". TechCrunch. Retrieved 9 August 2017.
  2. ^ a b Johnson, Steve. "Oracle unveils new cloud-based services". The Mercury News. Retrieved 9 August 2017.
  3. ^ a b c Shacklett, Mary E. "Oracle ERP Cloud is tailored for businesses of all sizes and verticals". Search Manufacturing ERP. Retrieved 9 August 2017.
  4. ^ Sommer, Brian. "Highlights from the Oracle Cloud ERP analyst summit". diginomica. Retrieved 9 August 2017.
  5. ^ "Oracle ERP Cloud". Oracle Corporation. Retrieved 9 October 2019.
  6. ^ a b O'Dowd, Elizabeth. "Oracle Reveals HIPAA Certification for SaaS Applications". HIT Infrastructure. Retrieved 9 August 2017.
  7. ^ "Oracle Fusion Financials Cloud Service". Find Accounting Software. Retrieved 9 August 2017.
  8. ^ Kanaracus, Chris. "Oracle Fusion Applications Are Finally Generally Available". PC World. Retrieved 9 August 2017.
  9. ^ Kanaracus, Chris. "Ellison: Oracle will deliver world's 'most comprehensive cloud'". Computerworld. Retrieved 9 August 2017.
  10. ^ "Oracle Unveils Expanded Oracle Cloud Services Portfolio". Oracle. Retrieved 9 August 2017.
  11. ^ Henschen, Doug. "Oracle's Cloud: What's Really New?". InformationWeek. Retrieved 9 August 2017.
  12. ^ Hopping, Clare. "Oracle reveals massive ERP Cloud growth". Cloud Pro. Retrieved 9 August 2017.
  13. ^ "Oracle launches GST-compliant ERP Cloud in India; unveils India datacenter plans". CIOL. Retrieved 9 August 2017.
  14. ^ Shields, Anne. "Oracle's ERP Cloud Posts Triple-Digit Growth in Fiscal 3Q17". Market Realist. Retrieved 9 August 2017.
  15. ^ "How Oracle Stock Compared to the S&P 500 - Market Realist". marketrealist.com. Retrieved 2017-11-13.
  16. ^ "Oracle 2017-18 Q1 results: Cloud revenue jumps by 51%". Computer Weekly. Retrieved 2017-11-13.
  17. ^ "Oracle ERP Cloud Global Catalog" (PDF). Oracle.
  18. ^ "All Certifications". education.oracle.com. Retrieved 2018-05-31.
  19. ^ "Oracle Certification Guide: Overview and Career Paths". Business News Daily. Retrieved 2018-05-31.
  20. ^ McGee, Chantel. "Oracle picks up part of BofA as a new customer for its financial planning software". CNBC. Retrieved 9 August 2017.
  21. ^ "Thomson Reuters Teams Up with Oracle to Simplify Global Sales Taxes for Cloud ERP". Thomson Reuters. Retrieved 9 August 2017.
  22. ^ Flinders, Karl. "Qantas puts Oracle ERP in the cloud with Tata Consultancy Services". Computer Weekly. Retrieved 9 August 2017.
  23. ^ "Blue Shield of California, Family Health Network, and Health Care Service Corporation (HCSC) Select Oracle Cloud to Modernize Operations and Drive Business Growth". Yahoo Finance. Retrieved 9 August 2017.
  24. ^ "ONS introduces first cloud-based HR and finance systems in UK government". Office for National Statistics. Retrieved 9 August 2017.
  25. ^ "Hearst Chooses Oracle Cloud to Fuel Transformation". Database Trends and Applications. Retrieved 9 August 2017.
  26. ^ Brooks, Steve. "Oracle Cloud makes healthy sale". Enterprise Times. Retrieved 9 August 2017.
  27. ^ O'Donnell, Jim. "3D printing company Carbon selects Oracle Cloud ERP". Search Manufacturing ERP. Archived from the original on 9 August 2017. Retrieved 9 August 2017.
  28. ^ "HM Treasury (HMT) announces migration to Oracle Cloud Applications". 2017-09-06. Retrieved 2017-11-13.
  29. ^ "PrimeQ to build cloud infrastructure for NSW container deposit scheme". Retrieved 2017-11-13.
  30. ^ "Migrating to Oracle ERP Cloud pays off for Caesars". TechTarget. Retrieved 2017-11-13.
  31. ^ "AB170031-Oracle Database Support and Peoplesoft Campus Solutions, HRMS Support Addendum No. 2" (PDF). The College of New Jersey. 15 March 2017.[permanent dead link‍]
  32. ^ "SSU looks to cut costs with Oracle Cloud Suite - Enterprise Times". Enterprise Times. 2016-11-11. Retrieved 2017-11-13.
  33. ^ "Birmingham City University embraces Oracle ERP software". TechTarget. Retrieved 2017-11-13.
  34. ^ "University of Wyoming Selects Oracle Cloud". Database Trends and Applications. Retrieved 9 August 2017.
  35. ^ Kelly, Rhea. "Boise State University Moves ERP to the Cloud". Campus Technology. Retrieved 9 August 2017.
  36. ^ Nanduri, Pratibha. "Cloud Enables Deeper Collaboration between HR and Finance". HR Technologist. Retrieved 9 August 2017.
  37. ^ Ring, Dan. "Campus taps Oracle as best HR software to replace aging system". Search Financial Applications. Retrieved 9 August 2017.
  38. ^ "SkyVU's Oracle Cloud is now live". Vanderbilt University. Retrieved 2018-09-18.
  39. ^ "Stanford University Chooses Oracle as a Strategic Partner". video.oracle.com. Retrieved 2018-09-18.
  40. ^ "Bellevue University, Kentucky State University, San Bernardino Community College District, and Vanderbilt University Move to Oracle Cloud to Drive Institutional Excellence, Enhance the Student Experience, and Support Student Success". oracle.com. Retrieved 2018-09-18.
  41. ^ Kugel, Robert. "Oracle Demonstrates ERP Cloud Progress at OpenWorld". Retrieved 2018-06-20.
  42. ^ "Collaborate 18 to track progress of Oracle cloud database, apps". SearchOracle. Retrieved 2018-06-20.
  43. ^ "Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises". Gartner. Retrieved 9 August 2017.
  44. ^ "Oracle ERP Cloud emerges frontrunner in 2017 research report". Daily News & Analysis. Retrieved 9 August 2017.
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