The acronym ERP stands for Enterprise Resource Planning. It refers to the systems and software packages used by organizations to manage day-to-day business activities, such as accounting, procurement, project management and manufacturing.ERP systems tie together and define a plethora of business processes and enable the flow of data between them. By collecting an organization’s shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity with a “single source of truth.” Today, ERP systems are critical for managing thousands of businesses of all sizes and in all industries. To these companies, ERP is as indispensable as the electricity that keeps the lights on.
ERP systems are designed around a common, defined data structure (schema) that usually has a common database. ERP systems provide access to enterprise data from multiple activities using common constructs and definitions and common user experiences.
Improved security – With Cloud Computing, Oracle Delivers Improved End-to-End Security for Customers
Enhanced performance – Oracle Performance Monitoring Cloud Service provides IT teams with the information that they need to find and fix application issues fast.
Access from anywhere – With Oracle Cloud Application, you access and analyze your data in real-time and from anywhere
Real-time backups – Oracle Database Backup Service provides a high performance, redundant and highly available cloud storage solution for Oracle database backups.
Entirely cloud based – Oracle Cloud Platform is a comprehensive, standards-based combination of Oracle and open source technologies.
Any number of devices – With Oracle Cloud Application, you access and analyze your data on any device.
Oracle Enterprise Resource Planning (ERP) Cloud is a suite of cloud applications for finance, project management, procurement, risk management and other core day-to-day activities important in every business, regardless of size, industry or geography. Designed from the ground-up with a modern architecture and technology, Oracle ERP Cloud is natively connected with all Oracle enterprise cloud applications and scales inherently to support added users, transactions and sites as your business grows by size and into new markets across your country or the globe.
Benefits of Cloud Migration for Your Business
Oracle Cloud computing can help you set up a Virtual Human Capital and Financials office and offers the flexibility of connecting your entire business anywhere and anytime.
As several web-enabled devices are emerging in today’s business world, you can access data in a much more efficient and easy manner.
Here are some of the benefits of moving your business to the cloud:
#1 Reduced IT Costs
Transitioning your systems to cloud computing can reduce the cost of IT systems management and maintenance. Rather than purchasing expensive systems and equipments, you can reduce your costs by leveraging the resources of your cloud computing service provider.
#2 Scalability
With cloud computing, your business can scale up and down your operation and storage needs quickly to suit your needs. This attribute also gives you plenty of flexibility in case anything changes. Rather than buying and implementing expensive upgrades, your cloud computing provider can manage this for you.
#3 Collaboration Efficiencies
Cloud computing gives your team more flexibility to work and collaborate with each other. Through cloud computing, your team can access, edit and share information and documents anywhere at anytime, meaning that you can see a more seamless process.
#4 Business Continuity
Protecting your data and systems is very essential for business continuity planning. In many situations such as a natural disaster, power outage or other natural crisis, having your data living in the cloud can ensure that is backed up and protected in a secure and safe location, meaning that in case anything happens, you can still access your data and continue the workflow without any setbacks.
