Navigating Oracle ERP Cloud's Continuous Improvements: Timeline

Navigating Oracle ERP Cloud’s Continuous Improvements: Timeline

We know that Oracle ERP Cloud is an all-in-one cloud-based software suite managing various business functions like accounting, finance, project management, and procurement. It operates in Oracle’s cloud centers, is accessible through public or private clouds, and supports hybrid deployment. 

The Oracle Fusion Cloud ERP is explained to be “ a complete, modern, cloud ERP suite that provides your teams with advanced capabilities.” 

These abilities are highly effective because they make use of AI to automate labor-intensive manual procedures, analytics to respond instantly to changes in the market, and automatic upgrades to stay ahead of the curve and obtain a competitive edge. It’s designed to be comprehensive, scalable, and suitable for global companies in different industries, making business operations more efficient and integrated.

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Timeline

The extensive and dynamic Oracle ERP Cloud is not a one-day project– it takes planning and years of strategic growth! The success of Oracle ERP Cloud is the result of several hardworking people who believed in building better interfaces and solutions for the employees working in an organization. 

The timeline speaks volumes of their contribution to the process over the years: 

YEAR EVENT
1977 Lawrence Ellison, Ed Oates, Bob Miner, and Bruce Scott started Oracle Corporation in August.
1998 Oracle released its first database, 8i.
2001 Oracle released 9i and the first full bundle of CRM and ERP software.
2003 Oracle initiated the acquisition of Peoplesoft Inc. to provide more cloud-based services. 
2005 Oracle acquired Siebel Systems and presented its Fusion Applications strategy.
2007 Oracle acquires Hyperion for BI growth.
2008 Oracle released its first hardware.
2010 Oracle buys Sun Microsystems.
2011 Oracle released a suite of applications, OpenWorld 2011, which is built on Oracle cloud.
2013 Oracle launches a database 12c with a focus on the cloud.
2016 Oracle acquires NetSuite for its ERP cloud services.
2019 Oracle introduces autonomous databases to the cloud services.

Improvements in Oracle ERP Cloud Over the Time

Oracle ERP Cloud has grown from an establishment started by four men to the largest ERP cloud application in the world. Here are some of the improvements that changed the shape of Oracle ERP applications.

Continuous Automatic Updates

We know how Oracle Cloud ERP differentiates itself by doing away with manual system updates. The platform is still improving continuously, ensuring that updates and new features are updated automatically through the internet. This not only saves users precious time but significantly curbs the possible expenses and inconveniences that might accompany system upgrades. Therefore, organizations can rest assured that their ERP system is constantly upgraded with new improvements year after year to keep things contemporary.

Scalability for Business Growth

Oracle Cloud ERP has evolved its scalability features to align with the dynamic needs of growing businesses. Through continuous development, the platform offers a robust set of tools and flexible functionalities that can adapt to the evolving requirements of organizations. Whether it’s the automation of critical processes, expansion of system capabilities, or support for digital transformation initiatives, Oracle Cloud ERP provides a scalable foundation that ensures it grows seamlessly alongside the business. This dedication to scalability is essential to future-proofing, allowing organizations to thrive and innovate without constraints.

See related: Oracle Cloud ERP Training.

User-Centric Evolution of Modern User Experience

Oracle Cloud ERP has prioritized enhancing the user experience throughout its evolution. The platform now boasts a modern and intuitive user interface enriched with features contributing to a seamless user experience. Notably, including robust mobile capabilities ensures that employees stay connected and productive. Real-time analytics, integrated over time, empower users with data-driven insights, fostering informed decision-making. These continuous improvements in the user interface and overall experience contribute to higher user adoption rates and substantial gains in overall productivity across the organization.

Flexibility in Third-Party Integration

Recognizing the diverse software of businesses, Oracle Cloud ERP has continually improved its support for third-party integration. While offering a comprehensive set of built-in tools, the platform has evolved to integrate seamlessly with various third-party solutions. This ongoing commitment to flexibility enables organizations to leverage existing software investments effectively. Furthermore, it facilitates the easy addition of specialized functionalities as needed, creating a more adaptable and integrated business environment. This flexibility in third-party integration is a testament to Oracle Cloud ERP’s commitment to providing a customizable and future-ready ERP solution for modern businesses.

Cloud ERP Momentum Continues

The momentum towards cloud ERP is set to continue in 2024, driven by the desire for advanced features like AI and the need to modernize business processes. Major ERP vendors, including SAP and Microsoft, are facilitating cloud transitions through programs like Rise with SAP and Accelerate, Innovate, and Move. While vendors commit to supporting on-premises users, the focus of technology development is on the cloud. Cloud adoption is seen as the key trend, particularly for midmarket companies, driven by challenges in staffing on-premises environments and the prioritization of cloud functionality development by major ERP vendors. However, transitioning to cloud ERP poses challenges such as data preparation, integration, and overcoming resistance from executives. 

Oracle’s Ongoing Innovation Through Oracle Cloud ERP

Oracle chose to transition from on-premises Oracle E-Business Suite to Oracle Fusion Cloud ERP for several reasons. The decision was driven by the desire for a comprehensive solution, a modern cloud platform, integrated intelligence, and robust configuration and automation tools. The move to Oracle Fusion Cloud ERP reflects a strategic shift towards a more advanced and efficient enterprise resource planning system.

Transformation Pillars at Oracle:

  1. Technology Focus:
  • Uses advanced tech foundation
  • Cloud EPM for planning and forecasting
  • Cloud Analytics for reporting
  1. Simplify Operations:
  • Streamlines processes
  • Standardizes where possible
  • Removes redundancies for efficiency
  1. People Matter:
  • Values skilled individuals
  • Select the right talent
  • Encourages skill development
  1. Add Value:
  • Lets finance focus on valuable tasks
  • Aims for efficiency and effectiveness

Rapidly Building Cloud Momentum

The adoption of Oracle Cloud ERP is rapidly gaining momentum, as highlighted in an IDC White Paper surveying over 1,600 organizations globally. Notably, 15% have already migrated, and nearly 25% are in the process, indicating the end of the early adopter phase. A significant 72% seek a cloud ERP provider covering various business areas to reduce technology risk. 

Around 47% plan to move to Oracle Cloud ERP within the next 2–10 years, accelerated by the global pandemic, with 68% stating it hastened their cloud adoption journey. Organizations that transitioned to Oracle Cloud ERP overwhelmingly rate their move positively.

Recent Drivers of Cloud Migration

Cloud migration is increasingly driven by a focus on environmental, social, and governance (ESG) issues, with sustainability being a significant factor in selecting an ERP provider, according to a survey of 1,600 executives. Approximately 56% of organizations believe that cloud technology is more energy-efficient than on-premises systems in a data center. 

To address concerns about upfront costs, Oracle has introduced an offer allowing customers to convert consulting and implementation fees into post-go-live monthly or quarterly payments. This reflects a growing awareness of ESG considerations and a strategic approach to overcoming financial barriers in the cloud migration process.

How Can Cloud ERP Fuel Continuous Innovation 24/7?

Adaptability and persistent innovation are key to business success. A recent Oracle webinar featuring guests Peter Hinssen, T.K. Anand, and Duncan Fitter explored how enterprise software can turn intentions into reality. With increased spending on digital technologies in the past two years, companies underwent a ‘great digital stress test.‘ Recognizing that digital is a substantial part of the business, the webinar emphasized the need for skill and decisiveness in digital transformation. Lowering the cost of failure is crucial for increased innovation, requiring companies to review the speed of idea implementation and ensure the right data and tools for successful digital transformation.

Get Tailored Oracle Cloud ERP User Training Solutions with Onboard

Onboard is a leading training partner specializing in personalized end-user training for Oracle ERP implementation and cloud upgrade projects. They possess in-depth knowledge of the system and excel in training staff effectively. 

Onboard training consultants use a variety of tools, skills, courses, and methods to ensure the successful adoption of new software and evolving business processes by the workforce. Their experienced consultants and instructors are skilled in creating customized, client-branded, collaborative learning solutions.

We collaborate with clients to create personalized training solutions for Oracle Cloud ERP tailored to their end-users. With over 25 years of experience, we have assisted numerous private and public sector organizations throughout North America.

See related: 5 Change management in ERP

Personalized, flexible & cost-effective Oracle ERP end-user training solutions

Onboard specializes in Oracle ERP training services, ensuring effective implementation and upgrades by focusing on end-user training. They offer business-as-usual refresher training and cover various modules such as finance, procurement, project portfolio management, sales, and marketing. 

With experienced trainers, Onboard provides customized, client-branded, interactive learning solutions that align with organizational procedures. Their expertise ensures the smooth adoption of the newly customized system and unique business processes. From project initiation to completion, Onboard offers diverse Oracle ERP training solutions, addressing skill gaps and ensuring the organization benefits fully from the system’s functions.

Why Choose Onboard for ERP Training?

Training is Critical to a Successful Oracle Cloud ERP Project.

  • Customized Training: Our Oracle Cloud ERP training is tailored to your build and business processes.
  • Expertise: With 750+ projects across systems and industries, we bring extensive experience.
  • Flexibility: Pick which training modules to develop in-house or outsource to Onboard.
  • Convenient Offboarding: Our flexible offboarding policy ensures we’re ready when you need us.
  • Team Focus: Partner with us for a focused project team on your Oracle Cloud ERP build.
  • Confident Workforce: We empower your team, ensuring maximum returns on your system investment.

FAQs about Oracle ERP Cloud’s Continuous Improvements

Q1: How frequently does Oracle update ERP Cloud?

Oracle usually makes releases for ERP Cloud every quarter. These updates include adding new features, bug fixes, regulatory changes, and other upgrades to improve functionality and user experience.

Q2: What will guide them to know about upcoming updates and changes?

Oracle uses many different channels to communicate upcoming updates, including release documents and emails, and within the ERP Cloud interface, there are notifications. Oracle urges its users to subscribe to the organization’s communication channels to avoid missing any updates.

Q3: Are updates automatically applied to Oracle ERP Cloud, or do users have control over the installation process?

Automatically, Oracle ERP Cloud updates are updated. But Oracle offers tools and features to address this issue, enabling users to schedule updates in certain maintenance windows so as not to interrupt their operations.

Q4: How does Oracle ensure the platform updates do not disrupt business continuity during transitions?

Oracle tests and validates updates before release to avoid glitches during a transition. Besides, Oracle offers comprehensive documentation, training materials, and support services necessary to prepare for updates with minimum disruptions.

Q5: Do users have an opportunity to comment or ask for certain functions in future updates?

Indeed, Oracle encourages users to submit suggestions and requests for enhancements using the Customer Connect platform. It enables users to engage in the process of determining how Oracle ERP Cloud will develop further.

Q6: Is there a rollback option in case issues arise after an update?

Each update performed in Oracle has limited rollback options, available only over a short period. Nevertheless, it is also important to check the effects of reverting since some characteristics and information may not match their former state.

Q7: How does Oracle handle security updates and compliance requirements in ERP Cloud?

Security and regulatory compliance are essential for Oracle, which regularly releases updates to deal with security vulnerabilities and maintain the standards of addressing such industry norms. Users must regularly visit Oracle’s security documentation and install updates following instructions to keep their ERP environment secure.

Q8: What other resources are available to users to understand Oracle ERP Cloud’s progressive changes?

Users can access Oracle’s official documentation, support portals, and community forums for comprehensive resources on understanding and navigating Oracle ERP Cloud’s continuous improvements. Additionally, Oracle provides training programs and webinars to keep users informed about the latest features and best practices.

Jordan Locke
Jordan Locke
Service and Delivery Manager

While Jordan was studying International Business and Politics in South Korea, he gained his first experience of teaching while working as an English teacher at the university. This is where he gained an insight into how valuable to the learner it can be to impart knowledge in a way thatis simple and accessible. He recognised these skills could be transferable to business systems training and hasn't looked back. Jordan has progressed with the business from developing and delivering a variety of training solutions to now taking on the role of Service and Delivery Manager, overseeing the operations of the business.

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