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reviewer1620951 - PeerSpot reviewer
General Manager - Software Solutions at a tech services company with 201-500 employees
Real User
Well-structured, stable, with good performance and scalability
Pros and Cons
  • "The main component is Oracle Financial. It is one of the most comprehensive financial solutions available on the market."
  • "The initial setup can be somewhat complex."

What is most valuable?

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.

What needs improvement?

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.

For how long have I used the solution?

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.

What do I think about the stability of the solution?

Oracle ERP Cloud is a very stable product.

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What do I think about the scalability of the solution?

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.

How was the initial setup?

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.

What about the implementation team?

You need the help of a consultant for the configuration and backend.

What's my experience with pricing, setup cost, and licensing?

The price of course could be cheaper. For an ERP Cloud, the pricing is relatively high.

What other advice do I have?

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.

Disclosure: My company has a business relationship with this vendor other than being a customer: Partner
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PeerSpot user
Founder & CEO at Business Management Technology (BMT) Co. Ltd.
Real User
Provides our management a real-time view of operations. Should be built with less complexity.
Pros and Cons
  • "It provides our management a real-time view of operations."
  • "It should be built with less complexity and more ability for clients to add screens."

What is our primary use case?

We are an IT services company, who manages projects teams. Oracle ERP Cloud provides our management a real-time view of operations.

How has it helped my organization?

It gives clear business process integration of our department, like all other ERP systems, but the cloud gives us real-time data.

What is most valuable?

  • Preconfigured business processes
  • The availability of all languages
  • A lot of implementers

What needs improvement?

It should be built with less complexity and more ability for clients to add screens.

For how long have I used the solution?

One to three years.

What's my experience with pricing, setup cost, and licensing?

It is too costly.

Disclosure: My company has a business relationship with this vendor other than being a customer: Implementer and reseller.
PeerSpot user
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reviewer1555788 - PeerSpot reviewer
Tech Practice Manager at a tech services company with 51-200 employees
Real User
Frequent updates, easy installation, and reliable
Pros and Cons
  • "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."

What is our primary use case?

We used the solution for enterprise resource management to handle financial accounting information.

How has it helped my organization?

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.

What is most valuable?

I find the most valuable feature for the solution to be the company is always evolving by making the product better with continual updates.

What needs improvement?

The solution's new analytics information, dashboard, and flexibility of reporting could be improved.

For how long have I used the solution?

I have used the solution for approximately eight years.

What do I think about the stability of the solution?

The solution is stable in my experience.

What do I think about the scalability of the solution?

The solution is scalable.

How are customer service and technical support?

I have noticed over the last 10 years Oracle's quality of technical support has decreased.

How was the initial setup?

The installation was easy. However, it is standard for most ERPs to take a while for the implementation, and for us it took months.

What's my experience with pricing, setup cost, and licensing?

The solution is expensive and there are some services that are extra costs.

What other advice do I have?

I rate Oracle ERP Cloud a nine out of ten.

Which deployment model are you using for this solution?

Public Cloud
Disclosure: My company has a business relationship with this vendor other than being a customer: Implementor
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it_user521559 - PeerSpot reviewer
Sr. ERP Manager at a engineering company with 1,001-5,000 employees
Vendor
The financial features are pretty good. We have been using it since 2005.

Valuable Features:

The financial features are pretty good. The users love them.

Room for Improvement:

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.

Use of Solution:

We have been using it since 2005, 11 years.

Stability Issues:

It has never crashed.

Scalability Issues:

We have made some customizations. It has totally met the needs for the financial department.

Initial Setup:

Initial setup is complex. We hired an outside consultant to do the implementation for us.

Other Solutions Considered:

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.

Other Advice:

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.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
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Updated: March 2025
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Buyer's Guide
Download our free Oracle Fusion Cloud ERP Report and get advice and tips from experienced pros sharing their opinions.