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: 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 Procurement Cloud Oracle Project Portfolio Management Cloud Oracle Risk Management Cloud 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.