Why is it Important to Modernize Your ERP?

MARCH 01, 2021 07:34 AM

Reasons to Adopt Oracle ERP Cloud: Accessibility, Data Enhancement, Integration, Cuts in Expenditure & User-friendly

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Businesses worldwide are changing, and organizations need to adapt to the shifting market conditions. Financial organizations seek real-time financial information, predictive analytics, and personalized simulation models. So, organizations need to move towards emerging technologies for enhanced performance.

By infusing fundamental business systems with innovative technology capabilities, organizations can operate more effectively by overcoming these challenges. Oracle Cloud ERP is highly scalable and runs on our Gen 2 cloud infrastructure, which provides unmatched speed, security, and continuity for organizations of any size. Organizations must continuously deliver exceptional experiences in a service-oriented world and stay ahead of ever-changing expectations.

How Oracle Transformed Its Finance Operations with Oracle Cloud

Provide the finance team with enhanced visibility of our reported financials - actual numbers available in real-time.
Interactive visualizations help the finance team get insights into high volumes of data in any environment.
Develop deep and meaningful data of income statements and balance sheets to enable organizational agility.

Benefits of Oracle Financials Cloud

Accessibility: Oracle ERP Financial's key feature is allowing employees to access data from anywhere and anytime via the internet from any device (laptops, smartphones, tablets, etc.)
Real-Time Reporting: Oracle Cloud Financials offers real-time and on-demand reports based on the information businesses demand.
SaaS Solutions: Easily scalable and integrates bulk data movement and other SaaS offerings in a reliable architecture.
Deployment: Streamlining your financial platform requires a simple implementation to deploy it in the Cloud; it is offered on-premises or can be run parallel in your existing platform, as per your business needs.

Moving a step towards Oracle Financials Cloud implementation is a complete transformation of your business; Oracle is responsible for provisioning the Cloud infrastructure, data security, and documentation while changing the way you channel and focus your core resources to handle critical aspects of your business operations. The financial team can focus on aligning the business and leveraging maximum returns.

The organization that adopts the Oracle Financials Cloud will save on the CapEx and help improve operational efficiency and business metrics, which can be measured during periodic reviews. The right Oracle Cloud partner will help you adopt the Oracle Financials Cloud and gain a strategic business advantage that evaluates financial transactions for fraud, error, or another risk by spending adequate time to understand your business goals. The Financial team can improve your organization's performance with updated data from any device, and the company can make strategic decisions about the business.

FAQs

Why is it essential for organizations to modernize their ERP systems?
Organizations must modernize their ERP systems to adapt to changing market conditions and leverage emerging technologies for enhanced performance. Modern ERP systems, such as Oracle Cloud ERP, offer improved scalability, speed, security, and continuity, enabling organizations to operate more effectively in a service-oriented world. Real-time financial information, predictive analytics, and personalized simulation models are key drivers for modernization.
What are the primary benefits of adopting Oracle Financials Cloud?
The benefits of Oracle Financials Cloud include accessibility (access data from anywhere, anytime, on any device), real-time reporting (both real-time and on-demand reports), SaaS solutions (easily scalable and integrates with other SaaS offerings), and simplified deployment options (Cloud, on-premises, or parallel implementation).
How does Oracle Financials Cloud implementation impact an organization's resources?
Implementing Oracle Financials Cloud allows organizations to shift their focus from managing infrastructure and data security to concentrating on core business operations. Oracle handles provisioning the cloud infrastructure, data security, and documentation, freeing up the financial team to align with the business and work on maximizing returns.
What are the potential cost savings associated with adopting Oracle Financials Cloud?
Organizations adopting Oracle Financials Cloud can save on capital expenditure (CapEx) and improve operational efficiency and business metrics. These improvements can be measured during periodic reviews, demonstrating the financial benefits of cloud ERP adoption.
What types of services does SMACT Work offer for Oracle Cloud Applications?
SMACT Works offers end-to-end consulting, managed, and implementation services for Oracle Cloud Applications, including Oracle ERP Cloud, Oracle EPM Cloud, Oracle HCM Cloud, Oracle SCM Cloud, Oracle Student Cloud, and Oracle CX Cloud, as well as IaaS & PaaS, and On-Premise PeopleSoft & EBS Applications. They also provide services related to Oracle Cloud Infrastructure, Oracle Analytics & BI, and Database Management.

Ready to modernize your ERP? Contact us today to get started!

About SMACT Works

SMACT Works is a technology-focused systems integrator and IT/ERP consulting firm. We deliver end-to-end consulting, managed, and implementation services for Oracle Cloud Applications, IaaS & PaaS, On-Premise PeopleSoft & EBS Applications. Headquartered in Dublin, OH, we have a global presence with North America and Asia offices. We are an Oracle Gold Partner Cloud Standard, ISO 9001, and 27001 certified delivery organization serving customers with Excellence and Integrity.