According to our research, there are many reasons to implement Oracle Cloud enterprise resource planning (ERP) software for your business, especially relating to financials processes. Moving to the cloud has helped many users renew focus, ensure reliability, improve security and save money. “With Cloud, you can make strategic decisions in context of a broader five-year or 10-year strategy,” says John Killen of WinCraft Inc., who recently joined us for Quest Experience Week.

Killen talks about the benefits of using Cloud ERP software, addressing potential customers who are considering making the switch to Oracle Financials Cloud. “We hope that when it makes sense for you and how it makes sense for you, you’ll transition to Cloud over time. We also understand that it’s not easy to transform this quickly, especially for large organizations.”

How can it help you?

Billing departments find a single, easy-to-use resource for financial data; Oracle Financials Cloud can reconcile payables, track invoices from suppliers and connect to various bank accounts.

Customers are already driven to cloud because digital innovations evolve very rapidly and demand faster, more streamlined service. Oracle boasts a variety of ERP applications in the Cloud that are maturing to meet the needs of many different organizations with various staff sizes, technological savvy and organizational needs. Oracle Financials Cloud offers customers solutions that are proven by tens of thousands of users worldwide.

Key features — If you’re considering Oracle Financials Cloud for your business, first look at some of the key features to see if it’s a good fit:
Modules: General ledger, payables, payments, expenses, receivables and assets
Reporting: Financial reporting center, balance sheet and income statement and operational reporting
Security: Role-based security mapped to users based on their needs
Approvals: Vast library of pre-built approval rules
Data migration: Templates and tools to support master and transactional data conversions
Integration: A seamless connection to a variety of financial institutions nationwide
User enablement: Interactive workshops that optimize how you learn and work

Best benefits

How can Oracle Financials Cloud pay off for your business needs? Let’s highlight a few of the most valuable features:

• Operational focus — Take back your focus! You can trust Oracle Financials Cloud with business needs, eliminating the need for pricey upgrades, additional staffing and additional security layers.
• Trusted solutions — The cloud model is a proven resource that helps enterprises avoid in-house pitfalls and risks.
• User interface — ERP cloud applications make navigations and transactions faster to use and easier to look at.
• Added security — Cloud ensures privacy and security for large quantities of data.
• Smaller implementation cost — Show me the money! You’ll make less of a dent in your budget by trying Cloud instead of the traditional ERP. In fact, Oracle estimates a 10-20 percent decrease in cost overall after Oracle Cloud implementation.
• Better collaboration — Multiple users looking at the same project will help fulfill financial tasks quickly with an all-hands-on-deck approach.
• Stronger reporting capabilities — Embedded dashboards full of attractive statistics give your team the information they need — when they need it.

Complete solution Oracle is now the only player in the game that offers a complete cloud-based service solution, instead of only one focused set of tools. Oracle’s Cloud service platform provides the full stack of functionalities that simplify your finance workflows. After all, says Killen, “The best integration is the one you don’t have to build.”