Research shows that legacy systems make up 31% of the technology in organizations. These are systems that might still provide value for your enterprise but are unable to interact with other software tools, rendering them almost useless for your digital transformation objectives. Many legacy systems are ERP systems that exist in data silos, incapable of integrating with the rest of your organization. In this article, we’ll show you how to connect legacy ERPs to modern applications.

The process employed by organizations to integrate and control the vital parts of their businesses is known as Enterprise Resource Planning (ERP). ERP software applications help organizations to implement resource planning by integrating all of the processes needed to run their companies and that’s the reason ERP software applications are important for organizations. An ERP software system can also combine purchasing inventory, planning, marketing, sales, finance, human resources, and likewise.

Organizations can manage daily operations and automate back-office procedures using enterprise resource planning (ERP) software. Financials, accounting, purchasing, project management, risk management, supply chain management, enterprise performance management (EPM), adaptive intelligence, and analytics are some of the ERP capabilities.

Your business needs actionable insights from your Oracle ERP data to respond to volatile market conditions and outpace your competition. But generating custom reports requires deep technical knowledge and the process is often managed by IT. The process can often take weeks, if not months, and, in many cases, the report or dashboard is limited to a single use case and applicable only to a single business unit or user – often only the requester.

Every system has different functions, some of them can be integrated to bring bigger solutions to businesses, specially for those that manage a big amount of data. In case of eCommerce businesses, information has to be integrated within many systems, such as ERP, so it will be accessible with in the company’s logistic processes.

Switching to a modern ERP software system affords many benefits, including increased efficiency, improved accuracy, and better control over your company’s finances. It is also an excellent opportunity to revisit many of the business processes that sit outside of your core ERP system. As you set out to improve your financial and operational procedures, you have an opportunity to rethink the way you perform tax planning, transfer pricing, budgeting, reporting, and analytics.

In government agencies around the world, large enterprise legacy systems are what stand in the way of desperately needed modernization programs. Such legacy systems can be large enterprise resource planning (ERP) implementations or custom-built applications using complex codebases. Simply put, they are not supportable, upgradable, and do not provide the rich user experience customers have become accustomed to.

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.