What is Oracle ERP?

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What is Oracle ERP?
The Oracle ERP is a cloud-based software solution
used to automate back-office processes and
day-to-day business activities. It is a business
management software suite that includes financial
management, project management, supply chain
management(Supply Chain Management Software),
accounting, and procurement. Oracle ERP brings
business processes together to boost the
collaboration, drive business productivity, and
support data-driven decisions. Benefits of
Implementing Oracle ERP Oracle acts as one of the
largest players in the ERP(Enterprise Resources
Planning) market today. Oracle ERP offers an
extensive suite of applications that allow
businesses to make informed business decisions
while accelerating performance and reducing the
costs. With The Oracle ERP cloud solution,
organizations are able to benefit from cloud
technology to gain faster time to value and
enhancing the scalability and the growth.
Businesses are able to implement new
functionality at a faster and more reliable rate
compared to the conventional onpremise
implementations. Oracle ERP benefits businesses
by making reporting manageable and more
customizable. With enhanced reporting
functionality, companies can quickly acknowledge
data requests without depending on an IT
specialist or department. Locating the best
certified Oracle technology partner is the key
ingredient to a successful ERP implementation. Our
certified Oracle developers ensure you to choose
the right ERP solution for your business needs
without jeopardizing data integrity or incurring
any downtime. We modernize your organization's
data infrastructure to streamline the disparate
systems into one unified enterprise resource
planning solution. Below we discuss the top 3
most common Oracle ERP modules beneficial to all
businesses today 1. Oracle ERP Financials One of
the most important ERP modules to have is an ERP
financial module. While every business may
operate differently, financial data affects all
the departments of an organization. The financial
module in the Oracle ERP system gives the
financial capability to empower the modern
finance, expense management software, accounting
engines, revenue management, and more. The three
offerings in this Oracle module consist of the
accounting hub cloud, financials cloud -
consisting of expenses and budgetary control -
and the Oracle Revenue Management Cloud. A great
financial management module consists of an excess
of features meant to manage all of your finances
in your Oracle ERP System. The objective of this
module is to streamline accounting and general
ledgers, automate expense processing, and report
on new KPIs with the cloud features like accounts
receivables, accounts payable, and other related
financial features essential to any business.
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2. Oracle ERP Manufacturing
Another essential ERP module that every business
needs is the Oracle ERP manufacturing module.
Businesses always need to know how much supply is
left for incoming inventory estimates and order
fulfillment processes. The goal of this ERP
module is to provide complete inventory
management and streamline production cycles as a
component of the supply chain management system.
This oracle ERP module consists of an inventory
module, purchase order import module, process
manufacturing, discrete manufacturing, and
manufacturing intelligence. The Oracle ERP
manufacturing module facilitates a complete set
of reports and transactions for managing
inventory control while compiling and analyzing
real-time performance data to enhance the
productivity and boost the profit margins. In
addition, the process of manufacturing vs.
discrete manufacturing offering provides
organizations with the ability to streamline
entire production cycles while ensuring
multifaceted shop floor execution capabilities
and manufacturing consistency. 3. Oracle ERP
Procurement Manufacturing operations can rapidly
fail if disconnected business systems and tedious
manual processes consume time that should be
allocated to strategic planning. The Oracle ERP
Procurement module is an essential ERP solution
that all businesses need in order to enhance the
procurement operations while strengthening the
bottom line. This module offers purchasing
solutions that automate procure-to-pay
transactions while enforcing negotiated pricing
with approved suppliers. In addition, it can
automate invoice validation via full integration
with accounts payable, allowing for modernized
procurement solutions. With self- service
procurement, businesses can ensure the compliant
spending from approved suppliers, allowing
employees to make their own purchases with a
user-friendly tool. The Oracle Sourcing Cloud
helps manage sourcing goals, promote supplier
competition, and make multiple bid evaluations
across diverse criteria. Businesses can boost
profit margins further with the ERP Procurement
Contracts cloud module that ensures supplier
compliance and performance. The ERP procurement
supplier portal module gives organizations
visibility into all source-to-settle activities
with web-based connectivity and electronic
invoicing. The Oracle ERP Procurement module now
allows for improved insight and efficiency in a
world where data-driven decisions and optimized
procurement processes matter.