For many IT departments, ERP systems have often meant large, costly, and time-consuming deployments that require substantial investments in hardware or infrastructure. Moving ERP to the cloud allows businesses to lower their support costs and quickly see a return on their investment.
In addition to being cost-effective, ERP applications in the cloud offer faster time to value, greater innovation, and better scalability. Today, cloud-based ERP applications are end-to-end solutions that have many of the same features and functionality as their on-premises counterparts. Additionally, cloud systems allow the easy integration of other key technologies like mobility, analytics, collaboration, and social tools.
As an Oracle customer, are you wondering if a SaaS solution like Oracle ERP Cloud is right for your business – or should you continue using Oracle E-Business Suite? We can help you decide.
What is Oracle ERP Cloud?
Oracle ERP Cloud is built on the Oracle Cloud infrastructure, which delivers all of the important features businesses need in a cloud platform, including high performance and scalability, greater reliability, and better security. Oracle ERP Cloud includes the following modules:
- Revenue management
- Project management and Finances
- Risk management
- Order management
We’ve listed 9 key advantages of Oracle ERP Cloud vs. Oracle EBS:
SIGNIFICANTLY LOWER TCO
Oracle ERP Cloud has no up-front license costs and lower maintenance costs when compared to Oracle EBS. While looking at total business costs (software, hardware, personnel, and training) over a three-year period, Nucleus Research identified that, on average, initial costs for on-premises ERP were 2.4 times higher than Oracle ERP Cloud.
ON-PREMISES ERP SOLUTIONS WILL SOON BECOME LEGACY APPLICATIONS
Heavily customized on-premises ERP solutions are being viewed as legacy applications. SaaS solutions that support operational ERP capabilities are maturing fast and are now viable for midsize enterprises and some large enterprises. According to Gartner:
- By 2020, nearly 60% of large enterprises with systems up for replacement will switch from traditional on- premises licenses to cloud deployments.
- By 2021, 55% of Oracle’s on-premises customers will have moved 80% of their on-premises capabilities to Oracle Cloud Applications.
FASTER TIME TO VALUE
On-premise Oracle EBS implementations require significant IT effort and much of it is spent in installation and configuration of the existing, complex IT environment. Oracle ERP Cloud enables the organization to implement new functionality quickly and at a lower cost than Oracle EBS.
Oracle ERP Cloud can be accessed via the internet anywhere, anytime and works on any mobile device – including your laptop, phone, and tablet. This is particularly useful when employees desire flexibility in their schedules and work environment.