Many companies are understandably cautious about investing in new technologies – particularly back-office systems that are critical to their operations. However, a new report from MIT Technology Review showed that after a decade of companies moving to Cloud applications, those that hesitate put themselves at greater risk than in the past. The old ways of staying current won’t be sufficient enough to compete with companies that are truly modernizing their operations and even creating new business models with Cloud applications. Oracle Vice Chairman Jeff Henley said that reluctant company leaders and boards must be sold on the strategic advantages of Cloud applications, not just on their cost benefits. Three companies – AirAsia, Sportable Scoreboards, and TrueBlue – leveraged Oracle Cloud applications (HCM, ERP, EPM) to future-proof operations.

Once again, Oracle ERP Cloud was named a Leader in the 2019 Gartner Magic Quadrant for Cloud Core Financial Management Suites for midsize, large, and global enterprises. Gartner is a global research and advisory firm that provides advice and tools for leaders in IT, Finance, HR, and more.

More and more organizations are moving their on-premises enterprise applications to Cloud solutions because they want to change the cost structure of their applications portfolios and reduce their risk for technological obsolescence while delivering growth, innovation, operational agility, and efficiency. There is more Cloud momentum today than ever before. In fact, 76 percent of finance leaders surveyed in Oracle's 2018 ERP Trends Report said they intend to run ERP in the Cloud within the next two years. Due to this growing momentum, Oracle released a five-step guide that can help users learn "how to Cloud" and complete a successful Oracle ERP Cloud project. It provides a high-level sequential summary of recommended steps based on actual Cloud projects and advice from leading partners for successfully executing the journey to Cloud. This document is not intended to be a substitute for engagement with Oracle or one of its partners. It is simply a starting guide. Oracle recommends implementing solutions with input from experienced project and technical professionals. 

No industry is immune from the current pace of technological change. While this acceleration presents radical opportunities for growth, analytics, and connectivity, it also brings real and pressing challenges to the adaptability of business organizations. At COLLABORATE 19, Chinam Kry, VP of Cloud Business Group at Oracle, shared with the Quest community how aligning HR and Finance through Cloud-based applications creates an agile, adaptable business response to navigate both the current business landscape and future innovation.

Jim Maholic, Business Value Services, Oracle, wrote about how to build a winning ERP Cloud business case that will win over your company’s executives and convince them to make the move to ERP Cloud. Whether you are planning to upgrade a departmental solution, move one or two solutions from on-premises to the Cloud, or embark on a full-scale digital transformation, your executives will likely expect you to explain how the company will benefit from investing in this initiative. This will require you to build a winning ERP Cloud business case to present to your organization’s leaders.