According to Gartener, Cloud-based ERP solutions like Oracle Cloud ERP are growing at 10.5% CAGR. This is driven by digital transformation needs.
Did you know? Oracle Cloud ERP reduces financial close time by 50%, improves order fulfillment by 35%, and increases project delivery success rates by 50%. That’s major.
Oracle Cloud Enterprise Resource Planning (ERP) is a Cloud-based software solution that is utilized by major businesses across the globe. It helps businesses automate and streamline financial, supply chain, and human capital management processes.
Oracle Cloud was first introduced in 2012 and has evolved into a comprehensive suite of tools. Enables organizations to operate more efficiently and effectively in today's digital age.
Features of Oracle Cloud ERP
One of the distinguishing features of Oracle Cloud ERP is its ability to integrate seamlessly with other Oracle Cloud applications, namely Customer Experience (CX) and Enterprise Performance Management (EPM). This creates a fully integrated cloud-based enterprise software ecosystem.
Major features of Oracle Cloud ERP include Financial Management, Supply Chain Management, Human Capital Management, Project Management, and Governance, Risk, and Compliance.
These elements allow organizations to manage their financial operations, procurement and inventory, workforce management, project delivery, and compliance requirements all in one place. It provides a holistic view of the organization's performance and enables better decision-making.
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Oracle Cloud ERP Modules
Oracle Cloud ERP consists of several modules that provide comprehensive business management solutions. These modules include:
- Financial Management: This module automates financial processes such as accounting, general ledger, accounts payable and receivable, cash management, and fixed assets.
- Supply Chain Management: Helps businesses optimize their supply chain operations, including procurement, inventory management, and order fulfillment.
- Human Capital Management: Streamlines HR processes such as talent acquisition, performance management, payroll, and benefits administration.
- Project Management: Enables businesses to manage their project lifecycles, from planning to execution and delivery.
- Governance, Risk, and Compliance: Businesses ensure compliance with regulatory requirements and manage risk.
These modules have been recognized by industry experts for their capabilities, helping organizations improve efficiency, reduce costs, and drive growth.
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Real Word Examples: Success With Oracle Cloud
Zoom succeeded with Oracle Cloud Infrastructure due to its advantages in performance, scalability, reliability, and superior cloud security. The company was able to quickly scale its services to accommodate the surge in users during the COVID-19 pandemic. This was thanks to Oracle's pioneering use of off-box network virtualization, which improved performance and lowered costs. Oracle Cloud Infrastructure's highly secure architecture provided Zoom with the necessary security controls and protections to safeguard its users' data and privacy.
Overall, Zoom's partnership with Oracle Cloud Infrastructure has been massively successful in delivering high-quality video conferencing services to millions of users worldwide while ensuring the security and reliability of the platform.
FedEx standardized over 220 operations and now uses 40+ Oracle Cloud applications, including Oracle Digital Assistant and OCI Integration Services for automation. With over 3,000 employees using Oracle Analytics Cloud, FedEx has achieved a 2X faster speed to market and significantly cut manual effort in digital operations. The company also virtualized its software deployment and training model, enabling the successful virtual deployment of nine new local instances of Oracle Cloud ERP during the COVID-19 crisis with no disruptions to timelines.
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Oracle Cloud brought Deutsche Bank major savings. The platform is expected to save the bank low triple-digit millions of euros in costs over the next three to five years. Oracle Exadata Cloud@Customer database services is expected to deliver more than 50% in energy savings. This is due to the efficient running of databases on Exadata machines. The Cloud@Customer arrangement lets Deutsche Bank keep control of customer data. While Oracle Advanced Customer Services manages database upgrades and migrations, delivering lower network latency and personalized and proactive lifecycle management support. Deutsche Bank is driving the internalization of its technology talent, aiming for engineers to make up over half of the bank's technology organization by the end of 2022.
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Why Choose Automation Testing for Oracle Cloud?
Oracle Cloud ERP requires testing. It can be done manually or automated.
Automation testing is crucial for Oracle Cloud ERP. It provides numerous benefits over manual testing. One of the primary advantages is the speed and efficiency it brings to the testing process. Automated tests can be run much faster than manual tests, which can save organizations significant amounts of time and money.
According to a report by Capgemini, automation testing can reduce the testing time for ERP implementations by up to 40%, leading to significant cost savings for businesses. It reduces the risk of human error and increases the reliability and accuracy of the testing process. This is important in the case of ERP systems, which are complex and critical for business operations.
Automation testing helps organizations to achieve continuous testing, which is essential for rapid and agile software development cycles. It allows for the early detection of defects.
In contrast, manual testing is time-consuming, prone to errors, and lacks the scalability of automated testing. It also limits the ability to perform regression testing, which is critical in ERP systems where even small changes can have significant downstream impacts.
Opkey: The Game Changer For You!
Opkey is a user-friendly, no-code, test automation platform designed to streamline and simplify testing for Oracle Cloud ERP. We offer comprehensive testing capabilities, use AI-powered automation, and have a proven track record of improving deployment quality while reducing testing costs. We are ideal for organizations looking to improve testing efficiency and reduce manual efforts.