what is oracle erp

Oracle ERP (Enterprise Resource Planning) is a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management, compliance, and supply chain operations. It is a comprehensive software for managing business processes and functions, real-time reporting, business intelligence, and business decisions. Oracle Cloud Enterprise Resource Planning is a cloud-based ERP software application suite introduced by Oracle Corporation in 2012. It manages enterprise functions including accounting, financial management, project management, and procurement. The suite runs on an Oracle technology stack in Oracle’s cloud centers and is accessible through both public and private cloud implementation and supports hybrid deployment. According to the company’s website, there are nine different software modules that make up the Oracle Cloud ERP suite, namely Financials, Procurement, Project Management, Risk Management, Supply Chain Management, Enterprise Performance Management, Human Capital Management, Sales, and Customer Service. Oracle ERP Cloud provides advanced capabilities, such as AI to automate the manual processes, and up to 96% of transactions can be automated. Oracle ERP is used by large global enterprise companies with big budgets and innovative companies seeking the latest technology applications providing real-time business intelligence for decision-making.