Oracle Enterprise Resource Planning Cloud

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Oracle Enterprise Resource Planning Cloud (Oracle ERP Cloud) is a cloud-based enterprise resource planning software application suite developed by Oracle Corporation in 2012. Oracle ERP Cloud manages enterprise functions such as accounting, financial management, project management, and procurement.

Video Oracle Enterprise Resource Planning Cloud

Product

Oracle ERP Cloud is an end-to-end Software as a Service suite that manages enterprise operations. The suite runs on an Oracle technology stack in Oracle's cloud centers. 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. According to the company's website, there are 7 different software modules that make up the Oracle ERP Cloud suite.

In March 2017, Oracle ERP Cloud received HIPAA certification. The software suite is designed to support international enterprise functions and includes multi-GAAP, multi-currency, multi-language, and multi-subsidiary capabilities.

Maps Oracle Enterprise Resource Planning Cloud

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. 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. Oracle announced preview availability of Oracle ERP Cloud at Oracle OpenWorld 2012. In October 2015, the company reported that Oracle ERP Cloud had surpassed 1,300 customers. On August 2, 2017, Oracle announced Release 13 of Oracle ERP Cloud.

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.

In March 2017, Oracle reported that Oracle ERP Cloud had grown 280% in fiscal quarter 3. Within the same year, 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." The product was positioned the highest for both completeness of vision and ability to execute.

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.

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Notable customers & partnerships

• Bank of America

• Thomson Reuters

• Qantas

• Blue Shield of California

• Office for National Statistics

• Hearst

• Wake Forest Baptist Medical Center

• Health Care Service Corporation

• Carbon
• HM Treasury
• PrimeQ
• Caesar Entertainment

Academic institutions

• The College of New Jersey
• Shawnee State University
• Birmingham City University
• University of Wyoming
• Boise State University
• MIT
• University of Kansas

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See also

• Oracle Corporation
• Software as a Service
• Enterprise software

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References

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External links

• Oracle.com
• Cloud.Oracle.com

Source of the article : Wikipedia