Oracle Cloud Enterprise Resource Planning is a

cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles, suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...

-based ERP software application suite introduced by

Oracle Corporation Oracle Corporation is an American Multinational corporation, multinational computer technology company headquartered in Austin, Texas. Co-founded in 1977 in Santa Clara, California, by Larry Ellison, who remains executive chairman, Oracle was ...

in 2012. Oracle ERP Cloud manages enterprise functions including accounting, financial management, project management, and procurement.

Product

Oracle Cloud ERP is an end-to-end

Software as a service Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike o ...

suite that manages enterprise operations. The suite runs on an Oracle technology stack in Oracle's cloud centers. Oracle Cloud ERP is accessible through both public and private cloud implementation and supports hybrid deployment. Oracle supplies updates to Oracle ERP Cloud at least twice annually. According to the company's website, there are nine different software modules that make up the Oracle Cloud ERP suite, namely: * Financials * Accounting Hub * Procurement * Project Management * Risk Management * Enterprise Performance Management (EPM) * AI Apps for ERP * Supply Chain Management (SCM) * NetSuite The software suite is designed to support international enterprise functions and includes multi- GAAP, multi-currency, multi-language, and multi-subsidiary capabilities.

History

Oracle Cloud ERP was based originally on Oracle Fusion Applications, Oracle's enterprise resource planning software suite developed for Oracle Fusion Architecture and

Oracle Fusion Middleware Oracle Fusion Middleware (FMW, also known as Fusion Middleware) consists of several software products from Oracle Corporation. FMW spans multiple services, including Java EE and developer tools, integration services, business intelligence, col ...

released in 2011. In June 2012, Oracle CTO and chairman of the board Larry Ellison announced the Oracle Cloud ERP application suite as a part of Oracle Cloud, the company's broad set of cloud-based applications. Oracle announced preview availability of Oracle Cloud ERP at Oracle OpenWorld 2012. In October 2015, the company reported that Oracle ERP Cloud had surpassed 1,300 customers. On August 2, 2017, Oracle announced Release 13 of Oracle Cloud ERP. In 2017, Oracle CEO

Safra Catz Safra Ada Catz (; born December 1961) is an Israeli-American billionaire banker and technology executive. She is the CEO of Oracle Corporation. She has been an executive at Oracle since April 1999, and a board member since 2001. In April 2011, s ...

announced the availability of Oracle Cloud ERP in India to assist the country in preparation of its Goods and Services tax reforms. In March 2017, Oracle reported that Oracle Cloud ERP had grown 280% in fiscal quarter 3. In September 2017, it was reported Oracle's cloud ERP business grew 156% in first quarter 2017–18 and had reached an annual run rate of $1.2 billion.

Regions

Oracle ERP Cloud is available in North America, South America, Asia and EMEA regions.

Certifications

Oracle offers certifications in Software as a Service (SaaS) specializations for Oracle ERP Cloud. Oracle Financials Cloud * Oracle Accounting Hub Cloud 2017 Certified Implementation Specialist * Oracle Financials Cloud: General Ledger 2017 Certified Implementation Specialist * Oracle Financials Cloud: Payables 2017 Certified Implementation Specialist * Oracle Financials Cloud: Receivables 2017 Certified Implementation Specialist * Oracle Revenue Management Cloud Service 2017 Certified Implementation Specialist Oracle Procurement Cloud * Oracle Procurement Cloud 2017 Certified Implementation Specialist Oracle Project Portfolio Management Cloud * Oracle Project Portfolio Management Cloud 2017 Certified Implementation Specialist Oracle Risk Management Cloud * Oracle Financial Reporting Compliance Cloud 2017 Certified Implementation Specialist

Notable customers & partnerships

Bank of America The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational corporation, multinational content-driven technology Conglomerate (company), conglomerate. The company was founded in Toronto, Ontario, Canada, and maintains its headquarters at 1 ...

Qantas Qantas ( ), formally Qantas Airways Limited, is the flag carrier of Australia, and the largest airline by fleet size, international flights, and international destinations in Australia and List of largest airlines in Oceania, Oceania. A foundi ...

* Blue Shield of California *

Office for National Statistics The Office for National Statistics (ONS; ) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the Parliament of the United Kingdom, UK Parliament. Overview The ONS is responsible fo ...

* Hearst * Wake Forest Baptist Medical Center * Health Care Service Corporation *

Carbon Carbon () is a chemical element; it has chemical symbol, symbol C and atomic number 6. It is nonmetallic and tetravalence, tetravalent—meaning that its atoms are able to form up to four covalent bonds due to its valence shell exhibiting 4 ...

HM Treasury His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax ...

* PrimeQ * Caesar Entertainment

Academic institutions

* The College of New Jersey *

Shawnee State University Shawnee State University (SSU) is a public university in Portsmouth, Ohio, United States, established in 1986. It is the southernmost member of the University System of Ohio. History Although its roots date back to 1945 when Ohio University est ...

Birmingham City University Birmingham City University (abbrev. BCU) is a university in Birmingham, England. Initially established as the Birmingham College of Art with roots dating back to 1843, it was designated as a polytechnic (United Kingdom), polytechnic in 1971 an ...

University of Wyoming The University of Wyoming (UW) is a Public university, public land-grant university, land-grant research university in Laramie, Wyoming, United States. It was founded in March 1886, four years before the territory was admitted as the 44th state, ...

Boise State University Boise State University (BSU) is a Public university, public research university in Boise, Idaho, United States. Founded in 1932 by the Episcopal Church (United States), Episcopal Church, it became an independent junior college in 1934 and has b ...

University of Kansas The University of Kansas (KU) is a public research university with its main campus in Lawrence, Kansas, United States. Two branch campuses are in the Kansas City metropolitan area on the Kansas side: the university's medical school and hospital ...

Vanderbilt University Vanderbilt University (informally Vandy or VU) is a private university, private research university in Nashville, Tennessee, United States. Founded in 1873, it was named in honor of shipping and railroad magnate Cornelius Vanderbilt, who provide ...

* San Bernardino Community College

Events

Oracle OpenWorld

Oracle OpenWorld is an annual technology conference hosted by Oracle and has featured announcements of updates to Oracle ERP Cloud.

COLLABORATE

COLLABORATE is an annual technology forum hosted by independent Oracle users groups, including the International Oracle Users Group (IOUG), the Oracle Applications Users Group (OAUG), and Quest Oracle Community, that provides training for Oracle products including Oracle ERP Cloud.

References

External links

* {{ERP software Accounting software Project management software ERP software Oracle software Internet properties established in 2012 Cloud applications Cloud platforms Enterprise software Business software Human resource management software Customer relationship management software 2012 software