Oracle Fusion Cloud Enterprise Resource Planning has been awarded a Leader in the 2022 Gartner Dream Quadrant for Cloud ERP for Product-Centric Enterprises for the 4th time in a row. Oracle was positioned extreme right on the “completeness of vision” axes and highest on the “ability to execute” axes.
This Magic Quadrant ideates Gartner’s brief of “Composable ERP,” based on an evaluation of eleven vendors. To respond to emerging technologies, Gartner proposes that this strategy offers a series of modular software areas that are adaptable, extremely configurable & interoperable.
Oracle Cloud ERP’s most significant and recent updates encourage finance teams to reorient toward growth by using digital assistants, hands-free processes & seamless planning. As a result, top businesses across sectors with a focus on both products and services have turned to Oracle Cloud ERP to boost productivity, cut costs, and take advantage of ongoing innovation, making Oracle ERP a leader once again.
Oracle Strengthens Leading Cloud ERP
Enterprise resource planning (ERP) systems that operate on cloud platforms allow organizations to access them over the internet as opposed to an on-premises network and are referred to as cloud-based ERP systems.
By offering a central database, ERP software combines diverse divisions within an organization and automates crucial financial and operational business tasks for the efficient flow of communication and information.
Real-time information is provided by cloud ERP, which aids in obtaining critical business insights immediately, can enhance decision-making inside an organization, and makes it possible for improved device engagement.
Additionally, in small to medium-sized enterprises, cloud-based ERP is a cost-effective choice that enables employees to access the system from any device. Given such enormous benefits, no doubt Cloud ERPs are on the rise.
The global cloud-based ERP market was projected to rise from $36.82 billion in 2021 to $41.73 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The market is further anticipated to expand at a CAGR of 13.2% to reach $68.58 billion in 2026.
Oracle has gained frequent industry accolades for its innovative capabilities that help businesses from all sectors to reap its advantages. With seamless processes, embedded collaboration features & quicker insights. Oracle Cloud ERP enables organizations to quickly optimize their business.
Oracle Cloud ERP helps businesses become more efficient, adopt new business models, adapt to changing market conditions, and seize new opportunities. Also, Oracle quarterly introduces machine learning, artificial intelligence, and customer-driven innovations.
Oracle Cloud ERP products are being used by over 11,000 firms to manage their businesses. Financials, accounting hubs, procurement, project management, enterprise performance management, risk management, subscription management, supply chain management, and manufacturing are just a few of the enterprise finance and operations capabilities offered by Oracle Cloud ERP.
Every 90 days, these self-updating platforms offer customers the most cutting-edge technology available, enabling businesses to instantly create, develop, automate, adapt, and capitalize on new business prospects.
Oracle – a flexible, full-featured ERP system
Oracle’s products for performance management and finance have consistently earned recognition from the industry. The key benefit of the Oracle Cloud ERP solution is that real-time financial management is supported, enabling the integration of external systems.
The technology also provides quicker adoption, lower costs, easier maintenance, and increased effectiveness. It is because artificial intelligence is supported, allowing for quick decision-making. Moreover, it includes machine learning technologies, data migration services, and full connectivity with Oracle Enterprise Manager.
Oracle Cloud ERP solutions enable businesses to deploy a flexible, feature-rich ERP system without having to invest in expensive custom ERP technology. Oracle does this by utilizing pre-made technologies that can be quickly integrated with existing enterprise software systems and lower deployment costs.
Utilizing ready-made tools enables quick implementation without the need for technical staff, training, or additional costs, which are frequently connected to the adoption of new technologies. Oracle Cloud ERP solutions can support the achievement of long-term goals for enterprises and give them the ability to successfully respond to market changes.
As always, Oracle has been the #1 choice for enterprises to leverage the cloud ERP solutions; the reason it was named a Customers’ Choice in the 2021 Gartner Peer Insights “Voice of the Customer”: Cloud Financial Planning & Analysis Solutions.
The Oracle Platform is built with innovation at its heart, fostering the mindset of enhanced user experience and improved agility. That’s what makes Oracle unique and the best.
Ready to harness the Oracle customer-centric vision? Contact Doyensys today!
