Oracle ERP
Oracle ERP is an end-to-end solution for business management. Oracle ERP is designed for businesses of all sizes, this cloud-based software includes best practices and built-in standards to support businesses in streamlining their processes. Oracle ERP is built with scalability and simplicity in mind to help automate key business processes, including planning and procurement, reporting, financials, project planning, product lifecycle, compliance and governance, and risk management among others.
Oracle ERP is a completely integrated Enterprise Resource Planning (ERP) software that offers businesses a set of dependable apps to increase productivity, enhance control, and lower operating costs. It leverages a connected approach with the support of cloud technology to help companies build a better foundation in IT, engineering, telecommunication, sales, consulting services, financial services, marketing, and other services.
Key Modules:
Products:
First lets understand what to expect from this software in a general overview.
Enterprise Resource Planning (ERP)
Human Capital Management (HCM)
Supply Chain & Manufacturing (SCM)
Enterprise Performance Management (EPM)
Customer Experience (CX)
Oracle Cloud for Government
Autonomous Database
NetSuite
Features:
Financial planning and analysis
Enterprise performance management
Risk management
Revenue recognition
Accounting
Order management
- Compliance & governance
- Procurement
- Inventory and supply chain
- Project planning and execution
- Financial close
- Product lifecycle
Pros & Cons:
Unified tool to access global data
Customizable dashboards and snippets.
Alerts functionality is very useful
Robust budget abilities that help execute and manage the planning
Powerful reporting capabilities with visual presentations that help in communication
High-end visualization and big-data-enabled data pooling
Cons:
Complex for freshers
Cloud operations can take some time
Reports need more customization options for business support
Multi-level hopping to get data
Why Choose Oracle?
Oracle ERP has a notable module called Oracle Financials Cloud, which is a scalable, integrated, and full-featured financial management framework that offers an innovative reporting solution. To support your external management and reporting, this module will produce timely, consistent, and correct data. It also provides extensive support for businesses in different industries across the globe.
Besides that, Oracle ERP also comes with a risk Management Cloud to manage your financial compliance, and this module features a centralized and secured risk control repository. The goal of this module is to reduce your risks when it comes to financial reporting.
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