Here are the top five Oracle ERP trends for 2024 and beyond, showcasing the latest innovations and directions in ERP technology.
1. Clean Core Deployment Strategy
The clean core strategy in Oracle ERP involves maintaining a standardized ERP system that minimizes customizations and adheres to cloud standards. This approach focuses on keeping the core ERP system ‘clean’ by avoiding extensive modifications, which can complicate upgrades and maintenance.
2. Oracle Procurement Cloud Adoption
Oracle Procurement Cloud is a comprehensive source-to-settle suite designed to automate and streamline procurement processes. It integrates strategic sourcing, procurement contracts, and supplier management to enhance operational efficiency and cost savings.
3. AI/ML Industrial ERP Integration
4. Oracle Fusion Cloud Adoption
Oracle Fusion Cloud ERP adoption refers to implementing Oracle’s integrated suite of cloud-based enterprise resource planning applications. This platform integrates various business functions, such as financial management, human capital management (HCM), supply chain management, and customer relationship management (CRM).
5. Enhancements in ESG Reporting
Conclusion
Oracle ERP’s continuous advancements promise increasingly sophisticated tools and capabilities. This ensures businesses can stay ahead of the curve and adapt to the dynamic business environment. The future outlook for Oracle ERP is promising, with its integration of cutting-edge technologies providing solutions tailored to organizations’ unique needs.