Oracle Cloud Enterprise Resource Planning is a

cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may co ...

-based ERP software application suite introduced by

Oracle Corporation Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. The company sells da ...

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 Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...

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 The Health Insurance Portability and Accountability Act of 1996 (HIPAA or the Kennedy– Kassebaum Act) is a United States Act of Congress enacted by the 104th United States Congress and signed into law by President Bill Clinton on August 21, 19 ...

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 Fusion Applications (OFA) are a suite of applications built on Oracle Cloud that include cloud-based applications for enterprise resource planning (ERP), enterprise performance management (EPM), supply chain management and manufacturing (S ...

, Oracle’s enterprise resource planning software suite developed for

Oracle Fusion Architecture Oracle Fusion Architecture is a technology reference architecture or blueprint from Oracle Corporation for building applications. Oracle Fusion Applications is built on top of the Oracle Fusion Middleware technology stack using Oracle's Fusion Ar ...

and

Oracle Fusion Middleware Oracle Fusion Middleware (FMW, also known as Fusion Middleware) consists of several software products from Oracle Corporation. FMW spans multiple services, including Java EE and developer tools, integration services, business intelligence, col ...

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 The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corpora ...

Qantas Qantas Airways Limited ( ) is the flag carrier of Australia and the country's largest airline by fleet size, international flights, and international destinations. It is the world's third-oldest airline still in operation, having been founded ...

Blue Shield of California Blue Shield of California is a mutual benefit corporation and health plan founded in 1939 by the California Medical Association. It is based in Oakland, California, and serves 4.5 million health plan members and more than 65,000 physicians acro ...

Office for National Statistics The Office for National Statistics (ONS; cy, Swyddfa Ystadegau Gwladol) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the UK Parliament. Overview The ONS is responsible for th ...

* Hearst *

Wake Forest Baptist Medical Center Atrium Health Wake Forest Baptist is an academic medical center and health system located in Winston-Salem, North Carolina, and part of Charlotte-based Atrium Health. It is the largest employer in Forsyth County, with more than 19,220 employee ...

* Health Care Service Corporation *

Carbon Carbon () is a chemical element with the symbol C and atomic number 6. It is nonmetallic and tetravalent In chemistry, the valence (US spelling) or valency (British spelling) of an element is the measure of its combining capacity with o ...

HM Treasury His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and ec ...

* PrimeQ * Caesar Entertainment

Academic institutions

* The College of New Jersey *

Shawnee State University Shawnee State University (SSU) is a public university in Portsmouth, Ohio. Established in 1986, Shawnee State is an open admissions university. It is the southernmost member of the University System of Ohio. History Although its roots date bac ...

* Birmingham City University *

University of Wyoming The University of Wyoming (UW) is a public land-grant research university in Laramie, Wyoming. It was founded in March 1886, four years before the territory was admitted as the 44th state, and opened in September 1887. The University of Wyoming ...

Boise State University Boise State University (BSU) is a public research university in Boise, Idaho. Founded in 1932 by the Episcopal Church, it became an independent junior college in 1934 and has been awarding baccalaureate and master's degrees It became a publ ...

University of Kansas The University of Kansas (KU) is a public research university with its main campus in Lawrence, Kansas, United States, and several satellite campuses, research and educational centers, medical centers, and classes across the state of Kansas. Tw ...

Vanderbilt University Vanderbilt University (informally Vandy or VU) is a private research university in Nashville, Tennessee. Founded in 1873, it was named in honor of shipping and rail magnate Cornelius Vanderbilt, who provided the school its initial $1-million ...

* 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 Quest Oracle Community (formerly Quest International Users Group) is a not-for-profit organization dedicated to supporting users of JD Edwards, PeopleSoft, and Oracle Cloud applications. It is an Oracle User Group. It is part of the Internati ...

, 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.

References

External links

* {{ERP software 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