In just a little more than two years, more than 1,300 companies in more than 60 countries have purchased Oracle ERP Cloud—and that’s a 4x increase in the last 12 months, said Rondy Ng, Oracle senior vice president for applications development at Oracle OpenWorld on Monday, October 26.
Ng noted that the latest release of Oracle ERP Cloud includes about 190 new features. “We work closely with our customers, and can turn around enhancements quickly. And we monitor our cloud closely so we can understand how customers use our cloud applications so we can optimize the features that customers use the most.”
More than 300 Oracle ERP Cloud customers are now live, and many have gone live in just four to eight months by using Oracle’s implementation templates and best practice methodologies embedded in the system, Ng said.
“We believe it’s not a matter of ‘if’ but ‘when’ our customers will move their applications to the cloud,” Ng said. He said Oracle’s SaaS strategy has always been to provide ERP, EPM, supply chain, HCM, and CX apps that are at once best of breed and part of a complete suite of products. The strategy also allows customers to adopt full suites or implement them individually.
Ng described three broad categories of customers moving to Oracle ERP Cloud:
- Fast-growth, cloud-native companies that were not previously using Oracle technology on premises. These companies need global capabilities, international features that can scale as their businesses grow, and applications tailored to their specific industries. Among Oracle ERP Cloud customers in this category are Pandora, Stripe, Boingo Wireless, and Solairus Aviation.
- Companies that need to upgrade or replace their Oracle ERP on-premises application. These companies typically realize that upgrading to newer versions of their on-premises ERP applications would require them to expend too much effort and cost. Examples include CNL, Australian Financial Group, and Boise State University.
- Companies that want to deploy some ERP functionality in the cloud to work alongside on-premises ERP applications. While they don’t want to move on premises immediately, they’re interested in deploying certain functions in the cloud. For example, a multinational company might want to deploy an ERP cloud solution as a second-tier ERP solution for subsidiaries, running it side-by-side with the main corporate instance. Among the customers in this category are Trimble Navigation and GE.
The entire suite of Oracle ERP Cloud solutions—which includes financials, procurement, enterprise process management, project portfolio management, governance risk and control, and supply chain management—are designed to work seamlessly together and with Oracle’s on-premises ERP applications, Ng emphasized.
And each of the Oracle ERP Cloud solutions support 24 languages and have more than 50 country localizations, which is critical for both fast-growing midsize companies and large enterprises. Another advantage that Oracle ERP Cloud offers is an easy-to-use, modern user experience, which Ng demonstrated on an iPad, drilling down to show the social collaboration functionality among employees.
“The information you’re seeing is real-time data. You don’t have to wait for the month-end when the consolidation data becomes available,” he pointed out. “It’s a simple way for me to understand what’s going on in the business without involving IT. I can slice and dice myself.”
Visit Oracle.com to learn more:
- Video: Modernizing Finance with Oracle ERP Cloud
- Video: Silicon Valley YMCA Poised for Growth with Oracle Cloud
- E-Book: Modernize Your Business with Oracle ERP Cloud
