The digital era is advancing at an unprecedented pace, with changes occurring more rapidly than ever before. In order to stay competitive in this dynamic business environment, it is imperative to continually adopt new technologies, embrace innovative business models, and leverage cloud computing as a platform for constant innovation.
For many IT departments, ERP systems have often meant large, costly, and time-consuming deployments that require substantial investments in hardware or infrastructure. Moving ERP to the cloud allows businesses to lower their support costs and quickly see a return on their investment.
A Brief overview of Oracle Cloud ERP:
Oracle ERP Cloud is a comprehensive suite of cloud-based applications that provide end-to-end functionality for businesses of all sizes. The suite includes applications for financial management, procurement, project management, supply chain management, human capital management, and more.
Here are the 5 reasons why businesses should choose Oracle Cloud ERP:
Centralized Data Repository – Oracle Cloud ERP provides a centralized data repository that allows users to store, manage, and access data from a single location. This eliminates the need for users to search for information across multiple systems or databases, which can be time-consuming and can lead to errors.
Ease of Deployment – Oracle Cloud ERP can be deployed faster as compared to traditional on-premises applications as they can be installed and updated online. On the other hand, on-premises applications have to be installed on physical servers and each system which would access it. Owing to this, upgrades and security patches are faster on the cloud and the downtime is minimum.
Catering to a Ubiquitous Workforce – Companies no longer exist within four walls and cubicles. Their business extends beyond location and geographic boundaries. Key decision makers are often on the move. Access to important information is critical. Cloud-based ERPs are responsive and facilitate access from multiple devices including desktops, laptops, tablets, and smartphones. This enables key decision makers including CFOs to slice and dice data, run reports, and take informed decisions, even when they are on the move. This saves time, enhances efficiency and enables the company to align better and attain organizational goals.
Enhanced Scalability – It is designed to be highly scalable, with an elastic infrastructure, modular architecture, pay-per-use model, and automated processes. These features allow organizations to easily adjust their resources to match business needs, making Oracle Cloud ERP a highly scalable solution for businesses of all sizes.
Security – It offers robust security features that safeguard data and applications. The platform uses advanced encryption, access controls, and other security tools to protect sensitive information from unauthorized access.
In conclusion, Oracle Cloud ERP creates a powerful, cohesive suite of modern business applications by delivering best-in-class functionality with integrated analytics, mobile accessibility, and collaboration built into its services that enable businesses to transform their functionality and enhance efficacy.