Oracle has over time introduced a number of solutions for companies which are just starting out on their venture into the financial world. These solutions are a part of Oracle Applications and are part f the company’s non-database and non-middleware parts of the company. Starting off in the 1980’s with only finance based software, now the company caters to ventures such as supply-chain management, human-resource management, warehouse-management, customer-relationship management, call-centre services and product-lifecycle management.
Oracle’s E-Business Suite consists of a number of products which are fruitful for enterprise resource planning, customer relationship management, and supply-chain management. The ERP from Oracle is the basic software which is designed specifically for the management of any company. It consists of features such as the system extended to the customer end, supply chain end and high-level decision support system. This software can be used by businesses to easily collect, store, manipulate and manage data from their various business ventures with ease. It also helps the business to calculate and divide resources according to the limitations of the cash flow and amount of resources hence minimizing the work of the companies. These solutions are meant to streamline all the hectic processes related with human resource management, financial management, procurement, data management and help the company build a structure which is free of extensive and tedious processes (Ares.com.tw, 2104).
ERP Solution Services
There are various services that Oracle ERP has introduced so far and each of them works on the various aspects of an enterprise’s dynamics and aim to streamline the processes associated with it.
- Financial Management
- Human Capital Management
- Procurement
- Supply Chain Management
- Softek Oracle
Financial Management – This service offers consulting services companies. Through these consultations companies become enabled to support critical financial processes. Understanding the process of reporting and compliance requirements becomes much easier (Oracle.com, 2014).
Human Capital Management – This service is solely based on the dynamics between the human resources in any company. In any enterprise, it is of extreme importance that the human capital be managed effectively in order to assure smooth running of the systems. The management of human resources is not only an important task but also one which requires extensive record keeping and apt attention. Hence this service features application implementation, upgrade, and optimization and also offers staff augmentation services.
Procurement – This service provides comprehensive visibility into every aspect of the company’s procurement, including raw materials procurement and supplier performance. Through this service, it becomes much easier for the company to make assessment into its assets and calculate its needs based on this procurement information. This service allows users to gain visibility into procurement and sourcing costs which in turn enables them to better understand how these two factors impact profitability and customer satisfaction.
Supply Chain Management – These services are the most practical of all the Oracle ERP services as they enable the companies to have a proper insight into the basic components which regulate the various cash processes. They also help an organizations manage the supply chain, which consists of inventory management and end products which are produced much more effectively. For instance, once this service allows a much more comprehensive understanding to the areas which seem to be a problem, the company can then proceed to tackle the issue by catering to the product needs and meeting the inventory expectations. They are also through this service, able to pinpoint the specific regions which are not as receptive to product newly introduced as the others. For example, a certain group of customers which submits cancellations quite regularly can be dealt with through ease with considerable ease. (Oracle Business Management, 2014).
Softek Oracle – This team is dedicated solely to make certain that consumers are delivered what they look for in the ERP solutions. Once you specify your needs, the team makes certain that both you and your organization are equipped for the long and short term both with pertinent solutions.
Pricing Details
The license pricing for Oracle E-Business Suite Applications ranges from $ 400-20,000. The software update license and support ranges from $88 - 4,400. These prices are based on the services and interface used by the company.
Oracle’s ERP solutions have been designed solely to cater to all the issues that arise in any company whether it is just starting out or already well established. These solutions suit mid size companies more as they aid them on the way to establishing themselves. Through these solutions, companies can manage their time an effort and establish a proper workflow. These solutions allow an organization to sort out its resources, cash flow, time management and human resources. In addition it allows the companies to have with consistent financial and operational information which makes performance consistent as well as cost efficient. Data management for these companies becomes much easier and allows them to function in a much more organized way.
The best feature thing about Oracle’s ERP solutions is that they allow the organizations to venture bigger than before and plan for the future accordingly. While the current value of the organization is enhanced they assure smooth running for future operations as well.
References
Ares.com.tw,. (2014). Oracle ERP/CRM Introduction - Ares International Corp.. Retrieved 20 December 2014, from http://www.ares.com.tw/en/products/oracle/
Oracle Business Management,. (2014). Oracle Business Management. Retrieved 20 December 2014, from http://www.oracle.com/us/products/oracle-bi-apps-erp-analytics-1401327.pdf
Oracle.com,. (2014). Finance Software - Financial Management Solutions | Oracle. Retrieved 20 December 2014, from http://www.oracle.com/us/solutions/financial-management/index.html
