Expert Advice for Medium and Midsize Businesses

Take Control of Your Future Growth with the Right ERP Cloud

Steve Cox

You could call it the ultimate 3-for-1 deal: With one upgrade to enterprise resource planning in the cloud (“ERP Cloud”), you gain the ability to innovate today, predict tomorrow, and shape your future — it will be the last ERP upgrade your small-to-medium business (SMB) will need.

3-for-1? That’s the three tenets of organization growth, built on machine learning, intelligent process automation, and analytics—with everything you need embedded right in. So now let’s talk about how you shape that future. 

Every organization has its own path. A manufacturer might need to invest in 3-D printing, or it might seek to switch from selling equipment to providing it “as-a-service.” A regional bank might be preparing to make a move to touchless processing. A public sector agency will seek to reduce or eliminate suspect requests for grants.

Whatever the path, a simple to achieve upgrade to ERP Cloud gives financial leaders of SMBs the ability to leverage strategic insights and collaboratively contribute to planning and organizing for tomorrow — which, as you’ve guessed, will look nothing like today. Transformational technologies are reinventing work and redefining value across industries as they break new ground with previously impossible capabilities.

"I believe the technology industry is on an irreversible course to change itself,” Oracle CEO Mark Hurd commented in a LinkedIn post. “There’s no stopping this technological progress. In this business, as in all industries, innovation beats the status quo every time."
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Add Certainty to Your Future

The future is never 100% certain, but it’s a lot less uncertain when applications can utilize artificial intelligence to learn. The result is better, more meaningful insights, fewer uncertainties, and stronger planning controls.

Oracle ERP Cloud can make this happen. It is the only ERP Cloud built on machine learning. Why is this important? Well, the application suite has an ongoing loop of improvement built in at multiple levels: more automation and less process handling; more accurate estimates and predictions; and intelligent help like chatbots for alerts and reminders. 

In the cloud, Oracle ERP no longer operates separately from other strategic functions, like human resources or sales. Employee dashboards support collaborative planning and execution increasing both employee engagement and productivity. There is a centralized source of data – your single source of truth. Finally, and music to many IT professionals’ ears, there is a unified back end that someone else securely manages. After all, why should your growing business use “Jetsons software” to manage customer experience and “Flintstones software” for the back office – when it could leverage the latest greatest technology across the entire organization?

Oracle ERP Cloud also provides automatic, easy to consume and continual updates to the latest best practices, as well as technology upgrades to security, functionality, and capabilities. And of course, it’s scalable. It grows with you.

Put all of this together and it means that Oracle ERP Cloud is the last ERP upgrade you’ll need to do yourself.

An Open Door to Modern Best Practices

To get a real picture of how Oracle ERP Cloud helps finance leaders shape their futures, we need to predict how best practices will evolve. Consider how three transformative technologies could enable advancements in key industries:

1. Blockchain

  • Education and research: Student transcript validation and transfer, educator credentialing, and payment of federal/state funds or private grants
  • Banking and finance: Know your customer, clearing and settlement, trade finance, domestic and cross-border payments, loan origination and post-funding automation, and anti-money laundering

2. Machine Learning-Embedded Apps

  • Retail: Personalized product recommendations, smart promotions and offers, trusted data-search merchandising, audience activation and retargeting
  • Banking: Automated generation of payables discounting program based on in-the-moment analysis of treasury positions

3. Internet of Things

  • Utilities: Automated management of grid assets, such as smart meters
  • Healthcare: IoT-driven data for customer engagement programs and research models

Do any of these sound like the future of your fast-growing, small-to-medium business? If so, start planning and organizing for that future. Oracle ERP Cloud, the only ERP Cloud built on machine learning, will keep your organization on its unique path to the future.

Learn why today is the right time for ERP Cloud.

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