Oracle Updates Oracle ERP Cloud to Help Businesses Streamline Their Enterprise Business Processes

SAN FRANCISCO, CA--(Marketwired - Sep 30, 2014) - ORACLE OPENWORLD, SAN FRANCISCO -- Oracle (NYSE: ORCL) 

News Summary
For companies trying to strengthen their core business, technology -- especially cloud technology -- can play a key role in optimizing operations. To help customers looking to streamline processes such as finance, procurement, and project portfolio management, Oracle has updated Oracle Enterprise Resource Planning Cloud (Oracle ERP Cloud) to provide a fast, cost-effective way to strengthen core operations.

News Facts

• To help businesses streamline their enterprise business processes, Oracle has delivered updates to Oracle ERP Cloud.
• Oracle ERP Cloud Release 9 includes a broad portfolio of applications that are tailored to meet the needs of customers in specific industries, including higher education and public sector.
• Available in 23 languages and more than 50 countries, Oracle ERP Cloud is designed for incremental cloud adoption, which lets customers move to the cloud at their own pace in phases that fit their business model and operational needs.
• Significant mobile enhancements make it easier for Oracle ERP Cloud users to handle key business transactions wherever they are, whenever they need to.
• Oracle ERP Cloud is composed of Oracle Financials Cloud, Oracle Procurement Cloud, and Oracle Project Portfolio Management Cloud (Oracle PPM Cloud).

Enhancements to Oracle Financials Cloud Include:

• Enhanced mobile capabilities help the modern finance department improve productivity:
  • A simplified mobile interface delivers real-time financial results anytime, anywhere, from your tablet or desktop.
  •  The Mobile Financial Reporting Center is integrated with Oracle Social Network social solutions to enable better collaboration among team members.
  • A new "sunburst" view helps promote interactive understanding of key data.
• Expanded global features address needs across geographies:
  • Cross-currency payments enable users to pay invoices across currencies, regardless of where they are located.
  • Legal entity-based sequencing and rapid implementation for country-specific sequences simplifies legal compliance.
  • Centralized payments and receipts across business units enables invoices to be paid across multiple business units, reducing transaction and administrative costs.
  • Tax Box Allocations help prepare VAT declarations.
• Streamlined integration, setup, and processing makes it easier for anyone to use and benefit from Oracle Financials Cloud:
  • Oracle Financial Accounting Hub Report Cloud provides robust mobile reporting on Oracle E-Business Suite accounting data without any additional configuration.
  • Seamless integration between Oracle Financials Cloud and Oracle Configure, Price, and Quote Cloud (Oracle CPQ Cloud) streamlines the quote-to-cash process.
  • Integration to travel partner GetThere helps improve booking experience and provides visibility to travel costs and travel booking violations.

Enhancements to Oracle Procurement Cloud Include: