If you’re a CIO currently trying to decide if Oracle Cloud ERP is right for you or trying to determine when and how to get to the Oracle Cloud, this short blog series will help you find the answers you’re looking for. In it, we’ll discuss facts and myths CIOs need to know about Oracle Cloud applications, as well as a reasonable approach you can use to plan your cloud strategy with clarity.
Of course, if you have any questions, please feel free to contact Centroid at any time to get personalized answers.
Oracle Cloud ERP: Not What You Think It Is…
Since you’re reading this article, you’re probably already considering a move to Oracle Cloud ERP. You may have a “cloud first” strategy, or you may simply be interested in the transformative benefits that the cloud offers.
However, before you do any more research, I want to make sure you understand that Oracle Cloud ERP is not the same product as on-premises Oracle ERP.
Though the cloud ERP product offers a streamlined cloud experience and enhanced cloud integration capabilities, Oracle Cloud ERP does not include order management, manufacturing and logistics features, or PLM. It also does not include inventory management. All these functions are part of Oracle SCM Cloud, which is a different application.
The following is a breakdown of the two distinct, highly integrated applications.
Oracle Cloud ERP provides:
- Revenue management
- Accounting hub
- Project financial management
- Project management
- Risk management
Oracle Cloud SCM provides:
- In-memory cost management
- Inventory management
- Order management
- Product master data management
- Supply chain collaboration and visibility
- Supply chain planning
Combined, the two products form a strong backbone for manufacturers and distributors, but each stand-alone app may not offer everything you need and expect.
Additional Info That May Affect Your Cloud Migration Timelines
Many of the CIOs we speak to are considering their move to Oracle Cloud ERP simply because they’ve heard a rumor that Oracle is planning to discontinue support for on-premises applications. This rumor is not true.
In fact, Oracle has moved some on-premises applications to a continuous deployment model to ensure ease of maintenance and support, and they have created many long-term roadmaps that clearly detail continued support. On-premises Oracle apps are here for the duration; there is no reason to plan your move to Oracle Cloud ERP based on worries or fears about the longevity of your on-prem apps.
Just to state again, for the record:
- Oracle’s on-premises suites are not at end-of-life stage
- Oracle continues to invest in all their on-premises products
- Oracle is holding true to their Applications Unlimited program from 2014, in which they stated their “commitment to continuously innovate in current applications, while also delivering the next generation of cloud applications.”
This means that you are free to stick with your on-premises applications for as long as you want. There is no rush to move to the cloud.
However, you may still find increased value by considering a move to the cloud.
Read the next article in the series to learn how you can determine a reasonable plan for moving to Oracle Cloud ERP, and to make sure you’re not comparing apples to oranges during your strategy phase.
Looking for an Expert Cloud Partner to Help You Understand Oracle Cloud ERP?
For more than 20 years, Centroid has helped national and global enterprises plan and realize true business transformation, especially when transitioning to the cloud. This is because our team offers an extremely rare blend of end-to-end Oracle Cloud ERP management: We were one of the first Oracle implementation partners in the world to certify as an Oracle Cloud MSP.
In truth, Centroid is one of the only teams that can help you on every stage of your cloud journey, starting with an assessment of your current cloud readiness, and then establishing an achievable cloud roadmap, designing and implementing your system, and finally providing ongoing support, monitoring, optimization, and continuous innovation for your cloud setup.
If you’re ready to work with an expert Oracle Cloud partner who can do it all, contact Centroid.