Oracle Cloud ERP enables businesses to harness the power of the cloud with built-in security, easy access to data, and native reporting tools. Offering scalability, security, and greater visibility into your organization’s information, this ERP comes with a variety of benefits. But when you’re looking to transition into a cloud-based ERP, where do you start? Here, we discuss the top five best practices of moving to Oracle Cloud ERP.
As Business Intelligence (BI) tools, data warehousing solutions, and enterprise data and application landscapes have advanced, it’s worth taking the time to rethink that old model, starting with the dichotomy between operational reporting (OR) and strategic analytics. There is a clear difference between operational reporting and BI, but they can and should work together. Companies use one or the other, and if they have both, there is a gap between them.
More and more companies are migrating their enterprise resource planning (ERP) to the cloud. It relieves them of the burdens typically associated with installing and maintaining complex software systems, and it’s arguably more secure because it’s monitored 24/7 by dedicated experts. There is no question that cloud-based ERPs like NetSuite, Epicor, Microsoft Dynamics, and Oracle Cloud are gaining steam. Rolling out a new ERP system can be highly disruptive to your organization, though.
The beauty of enterprise resource planning (ERP) software is its ability to provide a central view of your organization’s financial, operational, and business data. It automates repeatable tasks, streamlines your ability to create reports and analyze data, and sheds clarity on sales, marketing, human resources, supply chain management, and even manufacturing.
Whether your goal is to leverage the newest technology or to stay up to date with your Oracle ERP, migrating to the cloud is a complex, but worthwhile undertaking. It requires time to install, train, and embed new processes, but the effort is rewarded by the ability to leverage more agile workflows and increase ROI. Although many companies run their own on-premise servers to maintain IT infrastructure, 48% of organizations already store data on the public cloud.
Global research reveals that 77% of enterprises lack real-time access to ERP data, leading to poor business outcomes and lost revenue.
Business intelligence empowers businesses to get the most out of their data by providing tools to analyze information, streamline operations, track performance, and inform decision-making. In the Microsoft Dynamics ecosystem, Power BI generates easy-to-read visualizations that help stakeholders perform key analysis. But finance professionals can encounter roadblocks when seeking deeper analysis than their technical knowledge of Power BI permits.
Thousands of enterprise ERP customers have discovered the convenience and flexibility offered by insightsoftware’s Wands products. If you’re currently running any of the Wands for SAP solutions, you should know about some recent updates to the product line that will enhance your team’s productivity, increase the options available for calendar-year reporting, and improve the underlying technology on which the Wands products are built.
