Oracle Cloud Enterprise Resource Planning

Oracle Cloud Enterprise Resource Planning is a cloud-based ERP software application suite introduced by Oracle Corporation in 2012. Oracle ERP Cloud manages enterprise functions including accounting, financial management, project management, and procurement.
Product
Oracle Cloud ERP 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 Cloud ERP 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 nine different software modules that make up the Oracle Cloud ERP suite, namely:
Financials
Accounting Hub
Procurement
Project Management
Risk Management
Enterprise Performance Management (EPM)
AI Apps for ERP
Supply Chain Management (SCM)
NetSuite
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.
History
Oracle Cloud ERP 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 Cloud ERP application suite as a part of Oracle Cloud, the company's broad set of cloud-based applications. Oracle announced preview availability of Oracle Cloud ERP 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 Cloud ERP.
In 2017, Oracle CEO Safra Catz announced the availability of Oracle Cloud ERP in India to assist the country in preparation of its Goods and Services tax reforms.
In March 2017, Oracle reported that Oracle Cloud ERP had grown 280% in fiscal quarter 3.
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.
Regions
Oracle ERP Cloud is available in North America, South America, Asia and EMEA regions.
Certifications
Oracle offers certifications in Software as a Service (SaaS) specializations for Oracle ERP Cloud.
Oracle Financials Cloud
Oracle Accounting Hub Cloud 2017 Certified Implementation Specialist
Oracle Financials Cloud: General Ledger 2017 Certified Implementation Specialist
Oracle Financials Cloud: Payables 2017 Certified Implementation Specialist
Oracle Financials Cloud: Receivables 2017 Certified Implementation Specialist
Oracle Revenue Management Cloud Service 2017 Certified Implementation Specialist
Oracle Procurement Cloud
Oracle Procurement Cloud 2017 Certified Implementation Specialist
Oracle Project Portfolio Management Cloud
Oracle Project Portfolio Management Cloud 2017 Certified Implementation Specialist
Oracle Risk Management Cloud
Oracle Financial Reporting Compliance Cloud 2017 Certified Implementation Specialist
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
University of Kansas
Vanderbilt University
San Bernardino Community College
Events
Oracle OpenWorld
Oracle OpenWorld is an annual technology conference hosted by Oracle and has featured announcements of updates to Oracle ERP Cloud.
COLLABORATE
COLLABORATE is an annual technology forum hosted by independent Oracle users groups, including the International Oracle Users Group (IOUG), the Oracle Applications Users Group (OAUG), and Quest Oracle Community, that provides training for Oracle products including Oracle ERP Cloud.
Awards and recognition
In 2017, Oracle Cloud ERP 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.
See also
Enterprise software
References
External links
Accounting software
Project management software
ERP software
Oracle software
Computer-related introductions in 2012
Cloud applications
Cloud platforms
Enterprise software
Business software
Human resource management software
Customer relationship management software