Advice and Information for Finance Professionals

A new survey shows how implementing Oracle Cloud EPM improved collaboration, speed, and accuracy to help businesses to respond to change with agility.

A new survey shows how implementing Oracle Cloud EPM improved collaboration, speed, and accuracy to help businesses to respond to change with agility.

Oracle Cloud ERP is again a Leader in the Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.

Oracle Cloud ERP is again a Leader in the Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.

Modern SaaS business applications automate many repetitive tasks in the finance function so that organizations can be more flexible and resilient in the face of change.

Modern SaaS business applications automate many repetitive tasks in the finance function so that organizations can be more flexible and resilient in the face of change.

Are you looking into or expanding your company’s use of SaaS (Software-as-a-Service)? Here are six questions you should ask during your evaluation.

Are you looking into or expanding your company’s use of SaaS (Software-as-a-Service)? Here are six questions you should ask during your evaluation.

DLG moves to the cloud to increase automation, improve efficiency and update its software as a service (SaaS).

DLG moves to the cloud to increase automation, improve efficiency and update its software as a service (SaaS).

Fast-growing company, Lyft, had to shift gears quickly during the pandemic, with help from Oracle and Deloitte.

Fast-growing company, Lyft, had to shift gears quickly during the pandemic, with help from Oracle and Deloitte.

Staffing company TrueBlue has improved how it manages risk with Oracle Cloud Risk Management.

Staffing company TrueBlue has improved how it manages risk with Oracle Cloud Risk Management.

“With Oracle Cloud ERP we are now filing our quarterly and annual financial statements faster than any other company in the S&P 500.” – Safra Catz, CEO, Oracle

“With Oracle Cloud ERP we are now filing our quarterly and annual financial statements faster than any other company in the S&P 500.” – Safra Catz, CEO, Oracle

At Oracle, we believe that being smarter and more structured with finance data helps us close the books faster than our competitors.

At Oracle, we believe that being smarter and more structured with finance data helps us close the books faster than our competitors.

As more employees have access to financial data for decision making, a lack of financial literacy can affect outcomes. Finance professionals can help fill the gaps.

As more employees have access to financial data for decision making, a lack of financial literacy can affect outcomes. Finance professionals can help fill the gaps.

Risk intelligence centralizes risk information and spreads intelligence and control throughout the enterprise.

Risk intelligence centralizes risk information and spreads intelligence and control throughout the enterprise.

Global agricultural equipment and technology supplier CTB upgrades a decades-old JD Edwards ERP system to a full suite of Oracle Cloud Applications.

Global agricultural equipment and technology supplier CTB upgrades a decades-old JD Edwards ERP system to a full suite of Oracle Cloud Applications.

Finance teams should modernize for the post-COVID world. Inspirage looks at where to start.

Finance teams should modernize for the post-COVID world. Inspirage looks at where to start.

Vanguard’s chief accounting officer shares how cloud apps are bringing increased productivity, enhanced decision-making, and a faster financial close.

Vanguard’s chief accounting officer shares how cloud apps are bringing increased productivity, enhanced decision-making, and a faster financial close.

With the pace of innovation skyrocketing, Glory decided to move to the cloud to support fast global growth.

With the pace of innovation skyrocketing, Glory decided to move to the cloud to support fast global growth.

With integrated business planning, all functions can plan together in real time without bottle necks, delays, or disconnected reporting.

With integrated business planning, all functions can plan together in real time without bottle necks, delays, or disconnected reporting.

In part two of our Oracle Hyperion series, we take a closer look at the differences in functionality between on-premise and cloud consolidation tools.

In part two of our Oracle Hyperion series, we take a closer look at the differences in functionality between on-premise and cloud consolidation tools.

Oracle partner Accelalpha recommends four steps to help make your cloud EPM implementation smoother.

Oracle partner Accelalpha recommends four steps to help make your cloud EPM implementation smoother.

The future of your business depends on your ability to analyze fast, plan smartly, pivot quickly, and innovate for growth.

The future of your business depends on your ability to analyze fast, plan smartly, pivot quickly, and innovate for growth.

Have you been working with Oracle Hyperion applications for years? In this two-part series, Inspirage looks at each of these solutions to see how they compare.

Have you been working with Oracle Hyperion applications for years? In this two-part series, Inspirage looks at each of these solutions to see how they compare.

Global beverage company Lion moved planning, financial close, and enterprise data management from on-premises to cloud in three months, all while working remotely.

Global beverage company Lion moved planning, financial close, and enterprise data management from on-premises to cloud in three months, all while working remotely.

Leading finance teams are aiming for a touchless close, in one day. Learn the steps they’re taking to help make it a reality.

Leading finance teams are aiming for a touchless close, in one day. Learn the steps they’re taking to help make it a reality.

On February 9, top leaders from Oracle, PwC, Square, goPuff, Lyft, M&G Plc, and Williams Sonoma talked about why cloud technology will be key to their companies’ future strategies and why finance will play a leading role. Here are a few of the highlights.

On February 9, top leaders from Oracle, PwC, Square, goPuff, Lyft, M&G Plc, and Williams Sonoma talked about why cloud technology will be key to their companies’ future strategies and why finance will...

Australian Finance Group supports innovation and new business models by moving to Oracle Cloud from E-Business Suite.

Australian Finance Group supports innovation and new business models by moving to Oracle Cloud from E-Business Suite.

When moving finance to the cloud, IT plays a major role in providing confidence in the numbers and monetizing data.

When moving finance to the cloud, IT plays a major role in providing confidence in the numbers and monetizing data.

The world’s number one mobility retailer replaced spreadsheet scenario modeling with Oracle Cloud EPM.

The world’s number one mobility retailer replaced spreadsheet scenario modeling with Oracle Cloud EPM.

Companies are choosing Oracle Cloud ERP and HCM to be able to predict the right actions to take in terms of resources and budget, using artificial intelligence and machine learning to plan more accurately.

Companies are choosing Oracle Cloud ERP and HCM to be able to predict the right actions to take in terms of resources and budget, using artificial intelligence and machine learning to plan...

Digital transformation is nothing new, and the most forward-looking companies have been doing it for years. Yet in 2020, the arrival of the COVID-19 pandemic accelerated the pace of transformation to unheard-of speeds. Almost overnight, entire countries and industries had to change the way they operated. The businesses that were already on a software as a service (SaaS) and cloud journey prior to the pandemic had a head start—and in many cases, they fared better than those that put off transformation until the pandemic forced them to make the move. Businesses today have learned that a new generation of modern enterprise applications is key to helping them build a resilient organization—one that can respond and adapt to sudden shocks faster and more easily.   The importance of modern cloud applications Research firm IDC took a closer look at modern cloud applications in a recent report, Oracle Innovation Manifests in a New Generation of Cloud Applications. Author Frank Della Rosa, Research Director for SaaS and Cloud Software at IDC, writes: “Oracle Fusion Cloud Applications characterize this new generation of business applications and cloud services that are imperative for dealing with disruption from a position of strength.” The strength that IDC refers to comes from the common data model of Oracle Fusion Cloud Applications, supporting native integration across our Fusion Cloud line of business apps covering: Enterprise Resource Planning (ERP), Supply Chain Management and Manufacturing (SCM), Customer Experience (CX), and Human Capital Management (HCM). According to IDC, “A new generation of cloud applications is intelligent, easy to use, and better positioned to meet the rapidly changing needs of today's IT and business buyer that expects a frictionless purchase and onboarding experience; a consumer-like, responsive interface that encourages user adoption; and faster time to value.” They are “smarter, are fully integrated, deliver faster time to value, and are easy to onboard and use.” With these capabilities, our customers are fast-tracking digital innovation in disruptive times. Reliable data is critical for decision-making In 2020, the world discovered that reliable data and processes are vital for survival—literal survival, in the case of vaccines and virus-tracking, but also economic survival, as we started to navigate the world of remote work and omnichannel fulfillment. Old business processes that didn't support rapid shifts were replaced with new digital processes, helping employees get access to the right data, at the right time, to make informed decisions and respond to their customers. Along with integration and reliable data, what are some other benefits of a complete, interoperable suite of SaaS applications? For one thing, you don’t have to uptake the whole suite at once; you can onboard new capabilities in weeks and migrate your line of business applications at your own pace. A complete, interoperable suite We often see scenarios where our customers have legacy systems from competitors and want to modernize and digitize key processes immediately. For example, SAP ERP customers often adopt Oracle Cloud Enterprise Performance Management (EPM) to improve their financial planning, reporting, and close process. Or they enhance their supply chain capabilities with Oracle Cloud Transportation Management, part of our SCM solution. This approach to transformation helps you meet the business's most immediate needs while migrating your creaking, legacy core systems at a slower pace to minimize disruption. (Learn more about our offerings to SAP ERP customers here.) Ultimately, as you transition more of your business onto the suite, you start to “eliminate the cost and complexity associated with a myriad of point solutions by investing in a platform that simplifies integration, features a common data architecture, and supports multiple deployment options.” That is a very compelling argument to adopt the next generation of application software—and be ready for whatever comes next. Read the full IDC report and learn more about Oracle's new generation of cloud applications. Watch highlights of our Oracle Live broadcast: Hear about innovations across our cloud applications suite from Steve Miranda, Oracle Executive Vice President, Applications Product Development, and his development leaders. Hear how our customers responded to the last 12 months of uncertainty by partnering with Oracle as their innovator of choice.                  

Digital transformation is nothing new, and the most forward-looking companies have been doing it for years. Yet in 2020, the arrival of the COVID-19 pandemic accelerated the pace of transformation to...

The manufacturer of kitchen utensils explains how it rode out supply chain uncertainty during the early days of the pandemic.

The manufacturer of kitchen utensils explains how it rode out supply chain uncertainty during the early days of the pandemic.

How did Royal Vopak and Cognizant adjust their strategy in light of COVID-19? The authors explain how they kept schedules intact and share their key learnings.

How did Royal Vopak and Cognizant adjust their strategy in light of COVID-19? The authors explain how they kept schedules intact and share their key learnings.

Personal finance expert Farnoosh Torabi gives her take on new research showing that people trust robots more than humans to manage money.

Personal finance expert Farnoosh Torabi gives her take on new research showing that people trust robots more than humans to manage money.

Customer reviews ranked Oracle high on product capabilities, support and collaboration, and continuous innovation.

Customer reviews ranked Oracle high on product capabilities, support and collaboration, and continuous innovation.

Making the right moves takes insight, which takes reliable data. Here’s some advice on how to get better data, faster.

Making the right moves takes insight, which takes reliable data. Here’s some advice on how to get better data, faster.

Square’s chief accounting officer, Ajmere Dale, outlines the company’s vision for a world-leading finance team.

Square’s chief accounting officer, Ajmere Dale, outlines the company’s vision for a world-leading finance team.

Join Oracle’s applications development team and executives from Vanguard and Marriot International for the next Oracle Live.

Join Oracle’s applications development team and executives from Vanguard and Marriot International for the next Oracle Live.

We’re in one of the most active M&A periods in history. Here are the best practices you need to find and optimize mergers, acquisitions, and divestiture opportunities.

We’re in one of the most active M&A periods in history. Here are the best practices you need to find and optimize mergers, acquisitions, and divestiture opportunities.

Learn how 10x Genomics adopted a single-top-tier integrated ERP from their existing legacy system to support their end-to-end processes and growth.

Learn how 10x Genomics adopted a single-top-tier integrated ERP from their existing legacy system to support their end-to-end processes and growth.

Oracle Cloud Risk Management customers can ease the burden of external audits with continuous monitoring and a documented trail of findings and actions.

Oracle Cloud Risk Management customers can ease the burden of external audits with continuous monitoring and a documented trail of findings and actions.

As the world celebrates International Women’s Day, we look at the women in finance and operations who have inspired us.

As the world celebrates International Women’s Day, we look at the women in finance and operations who have inspired us.

Forecasting in 2021 will be different from any other year, thanks to the impact of COVID-19. Here are some tips that might help.

Forecasting in 2021 will be different from any other year, thanks to the impact of COVID-19. Here are some tips that might help.

The Money and Machines report from Oracle finds that people now trust robots to manage their finances more than humans, in both their personal and professional lives.

The Money and Machines report from Oracle finds that people now trust robots to manage their finances more than humans, in both their personal and professional lives.

According to Nucleus Research, migrating enterprise resource planning from on-premises applications to cloud solutions reduces risk and complexity, increases agility, and improves collaboration.

According to Nucleus Research, migrating enterprise resource planning from on-premises applications to cloud solutions reduces risk and complexity, increases agility, and improves collaboration.

The financial plight of healthcare providers amid the COVID-19 pandemic makes it more imperative than ever for HCPs to modernize their back-office systems.

The financial plight of healthcare providers amid the COVID-19 pandemic makes it more imperative than ever for HCPs to modernize their back-office systems.

Are you helping your team—or hindering them? Kimberly shares 7 ways to be a more inclusive leader.

Are you helping your team—or hindering them? Kimberly shares 7 ways to be a more inclusive leader.

From Larry Ellison to Lyft to a lyrical tune, the Oracle Cloud ERP Virtual Summit is a treat to watch.

From Larry Ellison to Lyft to a lyrical tune, the Oracle Cloud ERP Virtual Summit is a treat to watch.

As more and more enterprises migrate core technologies such as ERP to the cloud, a clear advantage has emerged: higher ROI that continues to accelerate.

As more and more enterprises migrate core technologies such as ERP to the cloud, a clear advantage has emerged: higher ROI that continues to accelerate.

If you’re an Oracle Cloud EPM customer, you have a birthday to celebrate today.

If you’re an Oracle Cloud EPM customer, you have a birthday to celebrate today.

The pandemic drove up demand for as-a-service business models, and the growth continues. Here’s how CFOs can pivot to take advantage of opportunity.

The pandemic drove up demand for as-a-service business models, and the growth continues. Here’s how CFOs can pivot to take advantage of opportunity.

At the Oracle Cloud ERP Virtual Summit, PwC shared their vision of CFOs using finance data to tell an organization’s story.

At the Oracle Cloud ERP Virtual Summit, PwC shared their vision of CFOs using finance data to tell an organization’s story.

Many of the UK’s healthcare providers depend on NEP for its finance and procurement solutions.

Many of the UK’s healthcare providers depend on NEP for its finance and procurement solutions.

People trust robots more than humans to manage money, based on a global survey of 9,000 consumers and business leaders.

People trust robots more than humans to manage money, based on a global survey of 9,000 consumers and business leaders.

In the wake of the coronavirus pandemic, organizations equipped with cloud-based systems and advanced technology are poised for growth in a reformed landscape.

In the wake of the coronavirus pandemic, organizations equipped with cloud-based systems and advanced technology are poised for growth in a reformed landscape.

In an interview by Jon Steinberg of Cheddar Inc., Oracle's Doug Kehring discusses business transformation and four keys to successful mergers and acquisitions.

In an interview by Jon Steinberg of Cheddar Inc., Oracle's Doug Kehring discusses business transformation and four keys to successful mergers and acquisitions.

New research from MIT Technology Review Insights shows businesses are already taking important steps to succeed post-COVID.

New research from MIT Technology Review Insights shows businesses are already taking important steps to succeed post-COVID.

Moffitt uses a central system to quickly consolidate capital funding requests and track projects from start to finish.

Moffitt uses a central system to quickly consolidate capital funding requests and track projects from start to finish.

Join business executives from GoPuff, Lyft, Square, Williams-Sonoma, PwC, and Oracle to learn strategies for propelling your business forward.

Join business executives from GoPuff, Lyft, Square, Williams-Sonoma, PwC, and Oracle to learn strategies for propelling your business forward.

Strategy and capabilities in Oracle Cloud EPM align well to customers’ needs.

Strategy and capabilities in Oracle Cloud EPM align well to customers’ needs.

Why were there no new products announced at "Rise with SAP"? Here are 3 questions to ask.

Why were there no new products announced at "Rise with SAP"? Here are 3 questions to ask.

COVID-19 has shown that business stability is an illusion. Business leaders need to embrace AI and dashboards to get an in-the-moment understanding of their enterprise.

COVID-19 has shown that business stability is an illusion. Business leaders need to embrace AI and dashboards to get an in-the-moment understanding of their enterprise.

We've been responding to a pandemic. It's time to start getting ready for what comes next using scenario planning.

We've been responding to a pandemic. It's time to start getting ready for what comes next using scenario planning.

Cloud applications proved essential for business survival in 2020. Here’s what to expect from digital transformation in 2021.

Cloud applications proved essential for business survival in 2020. Here’s what to expect from digital transformation in 2021.

Adventist Health shares how they underwent a data-first business transformation, delivering on their mission to serve the poor and vulnerable.

Adventist Health shares how they underwent a data-first business transformation, delivering on their mission to serve the poor and vulnerable.

Now is not the time to pull back on investments in innovation, M&A, productivity enhancements, or risk management.

Now is not the time to pull back on investments in innovation, M&A, productivity enhancements, or risk management.

This distinction recognizes Oracle as a customer's choice in cloud ERP for product-centric enterprises.

This distinction recognizes Oracle as a customer's choice in cloud ERP for product-centric enterprises.

There is an inherent responsibility on technology companies, like Oracle, to innovate and stay ahead of the change curve. It is also important for executives in other industries to understand what’s coming next and position their organizations to adopt and adapt.

There is an inherent responsibility on technology companies, like Oracle, to innovate and stay ahead of the change curve. It is also important for executives in other industries to understand...

Baylor University is driving its ambitious growth by leveraging the power and flexibility of Oracle Cloud for finance and HR.

Baylor University is driving its ambitious growth by leveraging the power and flexibility of Oracle Cloud for finance and HR.

We look back on the big story of 2020, along with other top stories of the year.

We look back on the big story of 2020, along with other top stories of the year.

In the final part of our “Rapid Recovery and Resilience” series, we look at how to reduce recovery costs and increase ROI.

In the final part of our “Rapid Recovery and Resilience” series, we look at how to reduce recovery costs and increase ROI.

For all the speed and efficiency that modern technology has brought to the financial function, the period close still entails painful manual processes. Here’s how to fix that.

For all the speed and efficiency that modern technology has brought to the financial function, the period close still entails painful manual processes. Here’s how to fix that.

An IBM senior partner explains a new offering and how it can help power new business models.

An IBM senior partner explains a new offering and how it can help power new business models.

In the 2nd part of our series on “Rapid Recovery and Resilience,” we look at the urgency of health and safety in the workplace.

In the 2nd part of our series on “Rapid Recovery and Resilience,” we look at the urgency of health and safety in the workplace.

Agile, effective scenario planning requires automated integration of multiple sources of data, something customized spreadsheets and planning point solutions can’t deliver.

Agile, effective scenario planning requires automated integration of multiple sources of data, something customized spreadsheets and planning point solutions can’t deliver.

We take a look at business continuity management in the first of our 3-part blog series, “Rapid Recovery and Resilience.”

We take a look at business continuity management in the first of our 3-part blog series, “Rapid Recovery and Resilience.”

A connected plan is the only way to get a true reflection of how different events could potentially impact your business.

A connected plan is the only way to get a true reflection of how different events could potentially impact your business.

Supply chain and IT executives share their experiences moving to integrated SCM cloud applications.

Supply chain and IT executives share their experiences moving to integrated SCM cloud applications.

The City of Atlanta successfully adopted both Oracle Cloud HCM and ERP, achieving cloud success—and the Dynamic Duo Rubies Award.

The City of Atlanta successfully adopted both Oracle Cloud HCM and ERP, achieving cloud success—and the Dynamic Duo Rubies Award.

Oracle partner Protiviti explains the advantages of a native risk management cloud application.

Oracle partner Protiviti explains the advantages of a native risk management cloud application.

When finance and operations teams share a common application suite and data infrastructure, scenario planning is faster and more effective.

When finance and operations teams share a common application suite and data infrastructure, scenario planning is faster and more effective.

Enterprise data management can help companies struggling with accurate, timely financial reporting by making it faster and easier to update your systems.

Enterprise data management can help companies struggling with accurate, timely financial reporting by making it faster and easier to update your systems.

If you’re comparing ERP and HCM cloud providers, here are five things you should consider.

If you’re comparing ERP and HCM cloud providers, here are five things you should consider.

Precision Group, Dubai-based manufacturer, explains why they chose Oracle Fusion Cloud Procurement to modernize their procurement.

Precision Group, Dubai-based manufacturer, explains why they chose Oracle Fusion Cloud Procurement to modernize their procurement.

2020 has been marked by COVID-19 social and economic upheaval that has forced global organizations to rethink what work really means—and that could be a very good thing.

2020 has been marked by COVID-19 social and economic upheaval that has forced global organizations to rethink what work really means—and that could be a very good thing.

Experts from Juniper Networks and Trinamix discuss strategies to incorporate real-time data to eliminate supply chain latency.

Experts from Juniper Networks and Trinamix discuss strategies to incorporate real-time data to eliminate supply chain latency.

Learn how to address the challenges of data siloes in a way that speeds and improves decision-making quality.

Learn how to address the challenges of data siloes in a way that speeds and improves decision-making quality.

By Kaushik Sivakumar, SCM, Oracle, Product Management Asset-intensive projects are typically long-term initiatives that can cost millions or even billions of dollars over the asset’s implementation. During these uncertain times, it is even more important to streamline efficiencies for effective project management and to eliminate waste on highly capital-intensive projects. Some examples of asset intensive projects are nationally based cellular buildouts or a utility company’s project to install smart meters throughout a city. According to PMI Pulse of the Profession* survey, 9.9% of every dollar is wasted on poor project management, which equates to $99 million on a $1 billion project.   According to the same study, only 64% of the most mature project management teams deliver a project on time, and only 67% of projects are delivered on budget. When you compare those KPIs to low maturity project teams, only 36% of projects are delivered on time and 43% are on budget. Unnoticed Project Wastefulness There are many reasons for the excessive waste and poor project performance—a lack of visibility into financials for a given project, disconnected software applications, manual processes, workarounds to derive data from siloed information. Some traditional supply chain solutions provide data as sources for some of the project metrics, but they often don’t provide the detailed insight that a project manager needs to course correct quickly to prevent waste or knowing when to adjust supplies. Phases of a project Let’s dig a little deeper into the progression of an asset-intensive project, such as building a cellular network. Here are the typical phases of such a project: •    Quote/bid, initiate the project – This includes engineering functions, as well as negotiations, legal reviews, contracts, and project planning.  Depending on the contract terms, it may include prototypes of cell towers or suppliers providing quotes for other major physical components of the cellular network that are being built out or upgraded. •    Supply Chain Planning and Materials Management – This starts the initial phase of the supply chain processes that include planning, ordering, manufacturing, managing inventory, and transporting goods for the project. It also typically involves subcontracted services for specific aspects of the project, e.g. hiring architecture or site planning company, engineering services, or welders and electricians to help construct cell towers. •    Construction – Actual work of the project is performed at project sites. The project manager carefully manages the process, inventory and contractors to try to avoid delays and mitigate risks so that the construction project is completed on time and within budget. •    Transfer of ownership and service – Here, the completed asset, in this case, a cell tower network is transferred from the project manager/contractor to the owner. Depending on the project, it may be a private company or a public entity. And then, the asset typically rolls into a maintenance phase. At this point warranties, service contracts, SLAs, and replacement parts come in to play when there’s a hardware failure, upgrade or damage to a cell tower network. •    Capitalization, billing and revenue – The finance department will account for the receivables and payables, properly attributing costs and expenses to the correct project, and capitalizing assets. Common Challenges to Overcome What has been described is the intersection between projects and supply chain processes. Without an integrated solution, these processes can be a muddle of disparate management software applications, manual tasks, and cumbersome work-arounds. Add in delays in the timeline because of macroeconomics events, inclement weather, resource scheduling conflicts, permit reviews, approvals from cities or component part delays, and you could quite easily have a confusing trail that requires forensic investigation to see if a project is on budget, let alone identify the nuances of project waste and detect in-flight project scope creep. The Solution:  Six Opportunities to Eliminate Waste in Supply Chain Projects An end to end project-driven supply chain solution that integrates the six functions listed below can help project managers eliminate waste.   1.    Project planning—with dashboard KPIs to streamline scheduling and budgets for individual projects to quickly gain insight and track the progress at any point in the lifecycle. 2.    Procurement—designed for project-specific purchasing to ensure materials are priced, procured, and received into inventory according to the specifications of each individual project. 3.    Supply chain—with automated functionality to orchestrate a complex multi-project supply chain, you can set up business rules for project requests, orders, creating documents, look-ups and attachment categories, and replenishment planning with a dashboard work area to manage the workflows. 4.    Manufacturing—offering functionality to create work orders, review availability and pick materials at the project or task level, attribute work orders as well as manage inventory and costs per individual project. 5.    Maintenance—with a process flow to create work orders, issue parts from a common or project-specific inventory, the solution also enables you to purchase outside services, import materials, and resource costs, with all costs, resources, and details associated with individual projects. 6.    Finance—with controls to ensure that multiple projects, customers, and associated activities can be accounted for separately with visibility into costs, expenses, and payables. Benefits of a Project Driven Supply Chain Fully supporting supply chain processes within the context of a specific project, including procurement, inventory, ordering, manufacturing, shipping, maintenance and costing, as well as finance functions and project accounting makes it makes easier to gain oversight and take corrective action as needed.  When connected to finance, the project manager can gain visibility into how each project relates to the planned budget at any point in time. For more information on a complete suite of cloud-based applications, go to www.oracle.com/applications. For Project-driven supply chain information, go here.   *2018 PMI Pulse of the Profession Survey                    

By Kaushik Sivakumar, SCM, Oracle, Product Management Asset-intensive projects are typically long-term initiatives that can cost millions or even billions of dollars over the asset’s implementation....

The COVID-19 crisis has revealed an urgent need for predictive analytics supported by accurate real-time data across the organization—something only an integrated SaaS business suite can provide.

The COVID-19 crisis has revealed an urgent need for predictive analytics supported by accurate real-time data across the organization—something only an integrated SaaS business suite can provide.

A subscription business model can help you bring in revenue and give customers more options. Here are 6 ways to measure success.

A subscription business model can help you bring in revenue and give customers more options. Here are 6 ways to measure success.

Zero-based budgeting (ZBB) is experiencing a resurgence among all types of businesses that want to reduce costs and strengthen their balance sheets. Oracle Fusion Cloud EPM can help.

Zero-based budgeting (ZBB) is experiencing a resurgence among all types of businesses that want to reduce costs and strengthen their balance sheets. Oracle Fusion Cloud EPM can help.

We look at how pioneering companies are exploring structural change to emerge stronger from the COVID-19 crisis.

We look at how pioneering companies are exploring structural change to emerge stronger from the COVID-19 crisis.

Supply chain leaders around the globe have navigated radical changes in global trade and logistics that affect operations. Oracle’s Rick Jewell shares insights, learnings, and recommendations to help you chart a course for growth.

Supply chain leaders around the globe have navigated radical changes in global trade and logistics that affect operations. Oracle’s Rick Jewell shares insights, learnings, and recommendations to help...

Learn why supply chain collaboration and visibility are critical for streamlining operations.

Learn why supply chain collaboration and visibility are critical for streamlining operations.

Large enterprises are responding to the pandemic-induced cashflow crisis with more granular and agile forecasting and scenario planning.

Large enterprises are responding to the pandemic-induced cashflow crisis with more granular and agile forecasting and scenario planning.

For the fourth consecutive year, Oracle has been recognized as a Leader in Gartner’s Magic Quadrant for Cloud Financial Planning and Analysis Solutions.

For the fourth consecutive year, Oracle has been recognized as a Leader in Gartner’s Magic Quadrant for Cloud Financial Planning and Analysis Solutions.

Join us on November 17 to hear from experts at Deloitte, Alcar Italia, Bissell, MTN, Titan International, Inc. and Transworld Group as they share how improved insight and collaboration is improving their supply chain performance.

Join us on November 17 to hear from experts at Deloitte, Alcar Italia, Bissell, MTN, Titan International, Inc. and Transworld Group as they share how improved insight and collaboration is improving...

Mouser Electronics is using the scale of the cloud to support its global expansion plans.

Mouser Electronics is using the scale of the cloud to support its global expansion plans.

Learn six ways the AI-powered Oracle Digital Assistant with pre-built app skills and the ability to customize can drive efficiency and productivity, improve customer and employee experience, and support digital transformation.

Learn six ways the AI-powered Oracle Digital Assistant with pre-built app skills and the ability to customize can drive efficiency and productivity, improve customer and employee experience, and...

The new normal for supply chains will entail more automation, resiliency, flexibility, and agility.

The new normal for supply chains will entail more automation, resiliency, flexibility, and agility.

Adopting the latest new features in Oracle Cloud ERP is driving Oracle toward its goal of a one-day period close.

Adopting the latest new features in Oracle Cloud ERP is driving Oracle toward its goal of a one-day period close.

Even before COVID-19, finance teams had already started to design more agile, resilient organizations with higher levels of digitization. The pandemic has accelerated these efforts, as finance leaders realize the limitations of outdated systems and processes.

Even before COVID-19, finance teams had already started to design more agile, resilient organizations with higher levels of digitization. The pandemic has accelerated these efforts, as finance leaders...