Oracle Enterprise Resource Planning Cloud

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]

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

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
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