Artificial intelligence (AI) features are quickly gaining popularity in workplace applications, transforming how firms operate and significantly increasing productivity. According to recent findings by MIT, employees using AI tools are 40% more productive than their counterparts. As businesses want to remain competitive, AI technologies have become critical for increasing efficiency and fostering innovation.
Oracle Fusion Applications Suite has announced a number of new AI capabilities to optimize various business processes. These features use generative AI to automate repetitive processes, provide predictive data to aid decision-making and personalize user experiences. This blog covers everything you need to know about the new features introduced in Oracle’s Fusion applications.
Different Applications in the Oracle Fusion Cloud Suite
Oracle Fusion Applications combine enterprise resource planning (ERP), customer relationship management (CRM), human capital management (HCM), supply chain management (SCM), and other business applications. These applications use cutting-edge technology, such as cloud computing, to offer a comprehensive, adaptable, and scalable solution for modern enterprises.
Here’s a detailed look at the many components of Oracle Fusion Applications:
- Oracle Fusion Cloud ERP (Enterprise Resource Planning) offers robust capabilities for managing finances, procurement, project management, and other critical company activities.
- Oracle Fusion Cloud HCM (Human Capital Management) provides a comprehensive solution for managing the complete employee life cycle, from hire to retire.
- Oracle Fusion Cloud SCM (Supply Chain Management) offers solutions for optimizing supply chain operations, including planning, procurement, and logistics.
- Oracle Fusion Cloud EPM (Enterprise Performance Management) includes comprehensive financial planning, analysis, and reporting tools.
- Oracle Fusion Cloud CX (Customer Experience) provides solutions for improving customer engagement and experience across many touchpoints.
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The Role of AI in Oracle Fusion Cloud
Oracle adds new generative AI capabilities to Fusion applications. Here are the new generative AI features Oracle has introduced in their Fusion application suite.
Oracle Fusion Cloud ERP (Enterprise Resource Planning)
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Insight narratives
AI-generated narratives aid in identifying abnormalities, variations, and biases, offering a deeper context for better decision-making. -
Predictive forecast explanations
AI-powered commentary helps financial professionals understand and trust predictive models, resulting in better adoption of these methods. -
Project plan and proposal generation
AI develops individualized project plans based on previous data and best practices, improving operational efficiency and reducing preparation time.
Oracle Fusion Cloud Supply Chain and Manufacturing (SCM)
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Item description generation
AI generates standardized product descriptions, which improves product listing quality and customer engagement. -
Supplier recommendation
AI discovers appropriate suppliers, increasing sourcing efficiency and lowering prices. -
Predictive insights
AI anticipates lead times, discovers product irregularities, and improves inventory management, helping to assure timely delivery and minimize risks.
Oracle Fusion Cloud HR Management (HCM)
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Job match explanations
AI assists candidates in understanding their job appropriateness, improving the recruitment process. -
Manager survey generation
AI helps managers create surveys, allowing them to receive fast employee responses. -
Performance reviews
AI summarizes performance reviews, allowing managers to quickly understand essential points and trends.
Oracle Fusion Cloud Customer Experience (CX)
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Service webchat summaries
Oracle AI for Customer Experience (CX) provides compact summaries of client conversations to help call center agents track and resolve issues. -
Sales content authoring
AI helps create customer success stories and sales paperwork, increasing sales efficiency. -
Marketing recommendations
AI offers subject line recommendations, email content suggestions, and design improvements to optimize marketing efforts.
Oracle Fusion Cloud: Enterprise Performance Management (EPM)
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Narrative reporting
AI creates narratives for financial reports, making incorporating new insights and changes into planning papers easier. -
Project planning
Gen AI creates dynamic plans that optimize resources to meet financial goals and customer needs. It adjusts resources and costs to improve margins and reduce risk, drafts detailed project outlines, and tailors solutions based on external data.
Oracle Fusion Cloud Data Intelligence
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Predictive analytics
AI algorithms forecast customer behavior, financial patterns, and supply chain dynamics, allowing organizations to make more informed decisions. -
AI-driven insights
AI examines many data sources to deliver actionable insights, such as detecting payment irregularities or forecasting staffing needs.
Conclusion
AI integration in Oracle Fusion applications dramatically improves the capabilities of many business operations, including ERP, SCM, HCM, and CX. AI assists enterprises in optimizing operations and making better-informed decisions by automating routine tasks, giving predictive insights, and delivering tailored user experiences.
44% of companies also report that AI helps reduce costs, with another majority reporting higher revenues in business areas where AI has been deployed. While a McKinsey global survey shows a nearly 25% year-over-year increase in AI adoption, ensuring the smooth operation of enterprise applications can be daunting without proper guidance from an expert consultancy.
SPL Consulting collaborates closely with businesses, helping clients effectively adopt and leverage the new AI capabilities in Oracle Fusion applications. By providing experienced guidance and specialized implementation techniques, SPL Consulting ensures enterprises can integrate sophisticated AI capabilities into their existing workflows.
With a thorough grasp of Oracle Fusion’s suite of applications, SPL Consulting helps enterprises automate routine tasks, improve decision-making processes, and personalize user experiences, resulting in greater operational efficiency and productivity.
Harness Oracle Fusion Application’s new AI capabilities with SPL Consulting’s expertise.
