Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.
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It has global scalability features - The system supports multiple ledgers, currencies, languages and local/tax regulatory requirements which means one can rollout standardized global processes while easily remaining compliant with specific local laws (IFRS or US GAAP). It has built in Risk Management & Compliance - The product has embedded risk management and compliance tools which automates monitoring of financial controls and enforces SOD (Segregation of Duties). This simplifies the external audit process by ensuring adherence to standards like SOX/ICFR. It offers unparalleled integration - The entire suite (Financials, Supply Chain, EPM, Projects etc.) is built on one unified data model which immediately kills the problem of data silos and reconciliation between different systems.
This product does have several modules that are interconnected. Financials, procurement, human resources, grants management, and project management are all available out of the box. Each one of these modules is capable of sharing information with each other. Secondly, compliance with government regulations are built into the product. The financial module has built-in audit trails and financial controls and it aligns with public sector accounting rules. Automated compliance reporting and monitoring is also built-in. Finally, the fact that it is a cloud-based application gives employees the flexibility to access this application from anywhere. It runs in the Oracle government cloud infrastructure and incorporates a good deal of security, such as single-sign on, identity management, and role-based access controls.
Users and analysts consistently highlight that the top benefits of Oracle Fusion Cloud ERP are its comprehensive all-in-one suite, its AI driven automation capabilities and its ability to scale globally I like most are its real time analytics and reporting, strong security, global scalability and compliance, integrated suit and many more.
Reporting Complexity - Getting customized data out of tools like OTBI (Oracle Transactional Business Intelligence) is not intuitive and creates bottlenecks for self-service analysis. High Cost & Rigidity - It's an expensive investment, and the system resists customization. Implementing non-standard processes is both difficult and costly. Mandatory Quarterly Testing - Constant SaaS upgrades require continuous resource allocation for testing and managing internal changes every three months.
Oracle Fusion Cloud is expensive on several fronts: licensing, implementation, and consulting. Each module comes with its own price point, which can add up quickly, especially for a smaller organization. Any specialized customization of these modules will also incur an additional cost. Outside consultants are available, but since this is a specialized application that requires a specific skill-set, consulting can also prove to be expensive. Secondly, the application does not perform well. Computational tasks can take quite a long time to complete. Often, the application appears to hang up in a web browser. Performance issues are not isolated to the corporate network. Users working remotely have experience similar slowness and the application hanging. Finally, the new system was difficult to use. The user interface is not very intuitive. The help menus are not very helpful at all. A significant amount of training was required for all employees before everyone felt comfortable using the application at a basic level.
What I dislike most is its high cost and licensing, inflexible and slow reporting and complex users interface and navigation.