Beltran, Madeleine Grace C.

1901870
BSMA3-1

Oracle Enterprise Resource Planning Cloud

I. Background

Oracle Cloud Enterprise Resource Planning (ERP) is a comprehensive set of

business modules designed to meet your ERP requirements. Finance, project
management, procurement, risk management, and other day-to-day activities are aided by
cloud apps. The program can be scaled based on the applications required, the number of
users who require access, the number of transactions processed, and other factors.

Some of the sophisticated capabilities of this modern, cloud ERP package, formerly
known as Oracle Fusion, include AI to automate laborious procedures, analytics to react
to market shifts in real time, and automatic updates to get a competitive advantage over
your competition.

Features
Some of the key features of Oracle ERP Cloud include:

FINANCIALS
• Accounting hub
• Reporting and analytics
• Payables and Assets
• Revenue management
• Receivables
• Collections
• Expense management
• Joint venture management
• U.S. Federal Financials

PROJECT MANAGEMENT
• Project management
• Resource management
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 • Task management
• Project cost control
• Project billing and contracts
• Grants management
• Analytics

PROCUREMENT
• Procure-to-Pay.
• Supplier management
• Sourcing
• Contracts
• Business Network

II. Advantages and Disadvantages

• Integrated Information: To achieve the maximum efficiency level, all the teams
need to work together with the same information.

• Increase in Efficiency: Transparency among departments and accessible data

support the fast-decision-making process.

• Transparency: Working on a shared platform maintains transparency between

departments, ensuring easy communication and eliminating data redundancy.

• Improved Reporting and Planning: The software comes with the reporting tools and
the same information in all departments.

• Customer Services: Access to real-time data means faster response to customers,

faster orders, and delivery services.

• Better Security: The ERP Cloud based system eliminates the need to install
multiple software for every task and allows data transfer across numerous servers,
thus enhancing data security.
• Cost-Effective: Going for an ERP Cloud improves inventory planning, procurement,
managing finances, and integrates data which leads to higher customer
satisfaction, thus increase in profits. Implementing the oracle integrated cloud ERP
system will further cut the cost compared to implementing an on-premises version.
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Disadvantages of Oracle ERP System

• Customization Process: Customization takes a lot of time, effort, and expertise. It

also requires a fair amount of monetary investment.

• User Participation: The successful implementation is complete when every

employee adopts the system, which in turn requires a training learning session.
Hence, making it a challenging and time-consuming process.

• Staff Change: Change in staff is a normal trend in the corporate community. Hiring
is an ongoing process. But the change in staff means changing trained employees.
The training process must be kept going every time someone new comes aboard,
as training must be in line with the business processes.

• Resistance in Sharing Information: In some organizations, there could be

resistance to sharing internal information with other departments, which directly
impacts the performance of the ERP system.

• Long-Term Results: Implementation, customization, and training process take a lot

of time and money, but the impact of the implementation can be observed in the
long term only.

III. Realization

In conclusion, Oracle Cloud ERP is a comprehensive suite of enterprise resource

planning solutions offered as a cloud service. Users often realize its benefits in terms of
scalability, accessibility, streamlined business processes, increased efficiency, better
security, and profitability. Its integrated modules cover three major areas in business,
which are: Financial, Project Management, and Procurement. Under there major areas
are activities that are efficiently done because of a modernized and customized Oracle
ERP Cloud. However, the customization of Oracle Cloud also posed as a disadvantage as
this would take a lot of time, effort and expertise from the management and the
employees. Furthermore, changing of staff is a common practice in companies, thus
training must be kept going. In addition, achieving transparency might become a
challenge because some departments might not want to share internal information.

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