The greatest challenge for CIOs often has less to do with evaluating the capabilities of various technologies and more to do with keeping the cost of those technologies in check. No matter how robust a solution may be, if the stated and hidden costs negatively impact the bottom line, it’s a no-win for the company.
That’s why cloud-based Oracle financial applications have proven to be so popular. In addition to offering a powerful and transformative suite of business intelligence solutions, they enable organizations of all sizes to cut IT costs while maximizing the value of their IT spend. Here’s how:
- Accelerate the Implementation Process – Oracle has designed a rapid implementation strategy for its financial cloud applications that simplifies the deployment process, ensures effectiveness, and requires minimal amount of on-premises IT support.
- Achieve ROI Faster – Oracle has made it easy to copy setup data across instances and according to a specific business process, product, or feature. That helps this solution generate revenue faster and with less input on your end.
- Lower Support Costs – Oracle applications have been designed to help users resolve common issues without having to seek out IT support. For instance, if a receipt cannot be automatically implemented within the system, it will provide matching support based on recommendations defined by the user, and learn from the inputs to improve performance over time.
- Reconfigure Your IT Workforce – Oracle handles most of the back-end maintenance and monitoring required for its cloud-based financial applications so that the burden placed on the existing IT staff is minimal. That frees them up to focus their efforts elsewhere, and gives CIOs the flexibility to reconfigure the workforce as necessary.
- Enable Mobile Access – Oracle understands the necessity of mobility for today’s business technologies. They have designed a mobile reporting support platform leveraged on the Essbase cube that allows deep insights to travel across distances and devices.
Oracle is not the only company providing cloud-based financial applications. But Oracle currently has the broadest cloud portfolio in the industry. In addition, Oracle cloud-based products are further enhanced with social engagement and collaboration tools to improve productivity, promote efficiency, and enable innovation.
If your IT costs are higher than anticipated, cloud-based Oracle financials may be the solution. If you are ready to explore cloud-based solutions in more detail, contact us today.