EGA Futura Business Encyclopedia
Companies, especially software players are now realizing that it is best to adopt a strategic approach to the implementation, to help them rationalize customization.
The very mentioning of the name ‘Oracle’ conjures up the image of a company that is associated with classiness, efficiency, flawless deliverability and global reach. Founded back in 1977, the company has gone on to become one of the largest and the most respectable technology player globally.
At a time when technology investment and IT innovation was considered as a futile, impractical concept, Oracle, along with few other technologies, completely changed the rules of the game to bring about a paradigm shift in the domain of IT services.
The application services of Oracle encompass practically every industry, regardless of their size and scale, to solve their business problems. These include but are not restricted to CRM (customer relationship management), ERP, transportation management, financial management, and supply chain management, among several others.
Oracle has emerged as one of the biggest ERP software companies in the world which thrives on its strong suite of efficient, customizable solution for its clients. Having made a number of pioneering strategic takeovers over the past decade, the technology player has systematically created a portfolio comprising of an array of business applications to complement its existing forte of database solutions.
It currently serves well over 65,000 customers globally. This goes a long way in reinforcing the fact that even seemingly debatable decisions, when made proactively, can yield long lasting results.
Oracle currently offers around a dozen enterprise software products that serve a variety of purposes. Its ERP lines include:
It is a known fact that every business needs to be smart about handling data with care to sustain and develop their businesses. Gone are the days when ERP solutions used to be confined to back office predicaments like accounting and financial management. A cut throat competitive environment that has engulfed all major IT players has prompted them to figure out creative ways of enhancing the scope of their ERP solutions.
In other words, ERP solutions these days are expected to be nothing short of a totally integrated worldwide enterprise system that effectively takes care of all your business processes.
Oracle realizes this and offers a gamut of Next-Gen ERP solutions for medium-sized to large enterprises at competitive prices. Its ERP solutions have been widely accepted as technologically sound, flexible and measurable, that serves the purpose of its customers who invariably end up getting a good return on their investments. Furthermore, these applications also enjoy seamless integration with Oracle’s other applications, as well as few third party solutions.
To implement the solution rapidly, Oracle also makes use of ‘Oracle Business Accelerators’ system.
In the end, it is safe to assume that Oracle justifies the role of ERP solutions in contemporary businesses, which is to integrate/automate the numerous business practices pertaining to production, operational and developmental aspects of an entity.
Oracle recognizes the fact that the best way of succeeding in the domain is to make its customers succeed. By addressing their concerns/goals; concerns in a way that they suit their innate needs, Oracle ERP solutions appear to be heading in the right direction because they not only augment the quality of products while taking care of cost escalation, but also support business excellence.