The main component is Oracle Financial. It is one of the most comprehensive financial solutions available on the market.
It is a well-structured product.
It can meet any industry requirements.
It is very comprehensive.
The main component is Oracle Financial. It is one of the most comprehensive financial solutions available on the market.
It is a well-structured product.
It can meet any industry requirements.
It is very comprehensive.
Financial is an area that could have more in terms of crediting or descriptive that could be brought out because you are dealing with data and the financial details of the company.
I would like to see more applications and more insights that could be derived from the system, or delivered by the system, from the data which is fed into the ERP. It would be extremely good to have.
They already provide some level of insight. There is technology and incorporation of robotic process automation and artificial intelligence in these products.
I know that they are using Java technology, but if they could make the system more open, in terms of technology, then it would be an improvement. I would like for it to be integrated with other external systems and have it work seamlessly.
It is a very strong product, but if it could become a product that could be the backend ERP for any other vertical or domain-focused solution and it could provide easily integrable APIs and other related mechanisms by other systems, that would be something good. It would be similar to Oracle ERP being a plugin for other solutions at the backend.
I have been working with ERP Cloud for the last three to four years.
My overall exposure with Oracle ERP Financial, which is part of their previous on-premises product called E-Business Suite, has been more than 10 to 15 years.
Oracle ERP Cloud is a very stable product.
Since the offering is on the cloud, it is a scalable solution. It's on the Oracle infrastructure and integrates seamlessly.
The database is Oracle, the middleware is Oracle, the applications, ERP and the hardware is all Oracle. It's a completely seamless application of technology from the same vendor. Everything is engineered perfectly.
In terms of scalability and performance, it's really good.
The initial setup can be somewhat complex. You need knowledge or help from a consultant who understands the financial domain.
You would also need a technical consultant with the knowledge to do the configuration and whatever other backend work may be involved. If these sources are in place it is not complicated at all.
You need the help of a consultant for the configuration and backend.
The price of course could be cheaper. For an ERP Cloud, the pricing is relatively high.
I would strongly recommend this solution to others. It's a very good ERP, financial product.
I would rate Oracle ERP Cloud a nine out of ten.
We are an IT services company, who manages projects teams. Oracle ERP Cloud provides our management a real-time view of operations.
It gives clear business process integration of our department, like all other ERP systems, but the cloud gives us real-time data.
It should be built with less complexity and more ability for clients to add screens.
It is too costly.
We used the solution for enterprise resource management to handle financial accounting information.
The solution has helped us integrate all of our data from the company and this has given us a direction where to make improvements. From actioning this information we have been able to increase the performance of our teams.
I find the most valuable feature for the solution to be the company is always evolving by making the product better with continual updates.
The solution's new analytics information, dashboard, and flexibility of reporting could be improved.
I have used the solution for approximately eight years.
The solution is stable in my experience.
The solution is scalable.
I have noticed over the last 10 years Oracle's quality of technical support has decreased.
The installation was easy. However, it is standard for most ERPs to take a while for the implementation, and for us it took months.
The solution is expensive and there are some services that are extra costs.
I rate Oracle ERP Cloud a nine out of ten.
The financial features are pretty good. The users love them.
The finance users would like to be able to drill down into all of the details. Right now, we have to consider third-party software for drilling down.
We have been using it since 2005, 11 years.
It has never crashed.
We have made some customizations. It has totally met the needs for the financial department.
Initial setup is complex. We hired an outside consultant to do the implementation for us.
We chose Oracle because we think it is a big, stable company. We don’t want to find ourselves down the road, and the company is suddenly gone and we are left without any support.
This Oracle product is definitely good for at least mid-size companies. For smaller companies, it's too expensive. For bigger companies, it's very good.