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Oracle Cloud Infrastructure (OCI) formerly Oracle Fusion is a suite of applications built on Oracle Cloud. The applications have been around for many years as the on-premise Oracle E-Business Suite before moving to cloud. OCI ERP and core financials is designed with large organisations in mind and distinct teams having distinct functions. From an accounting perspective it is constructed around subledgers results of which are loaded to a primary or general ledger which is used as the basis for reporting.
OCI is used for medium to large and enterprise sized businesses. Characterised by fast and powerful processing capacity, it can handle large volumes or transactions with ease. Popular with businesses it is also used by public and semi state bodies to manage its workforce financials and other business functions.
Here are the main Oracle cloud-based applications:
Fusion ERP is the cornerstone of Oracles offering and provides a best of class enterprise ERP solution.
– Oracle EPM Cloud (formerly HFM) is the Oracle reporting and consolidation solution. This takes information for source ledgers, Oracle or otherwise and facilities reporting, budgeting and forecasting.
Oracle SCM is a cloud-based platform that encompasses various modules to manage end-to-end supply chain processes. It includes capabilities for demand planning, order management, procurement, inventory management and more.
Oracle HCM is a suite of cloud-based applications and tools designed to help businesses effectively manage their workforce. It encompasses a wide range of functions related to HR management, talent acquisition, employee development, and workforce planning.
Oracle CX is a suite of cloud-based applications and tools designed to help businesses manage and optimize their interactions with customers. It encompasses a wide range of functions related to sales, marketing, customer service, and commerce..
The applications have been around for many years as the on-premise Oracle E-Business Suite before moving to cloud. OCI ERP and core financials is designed with large organisations in mind and distinct teams having distinct functions. From an accounting perspective it is constructed around subledgers results of which are loaded to a primary or general ledger which is used as the basis for reporting.
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