SOURCE: Oracle Corporation

Oracle Corporation

October 19, 2015 08:00 ET

Oracle Enterprise Resource Planning Cloud Surpasses 1300+ Customers

Oracle ERP Cloud Becoming the Choice for an Integrated, Scalable and the Most Complete Solution to Support Growth

REDWOOD SHORES, CA--(Marketwired - Oct 19, 2015) - Oracle (NYSE: ORCL) -- As companies strive to stay competitive in today's challenging business environment, they are increasingly turning to Oracle Enterprise Resource Planning (ERP) Cloud for the complete, natively integrated solution they are seeking to scale and support their growth. Oracle ERP Cloud delivers the most complete breadth and depth of functionality needed for large enterprises as well as fast growing midsize firms. With rich financial, operational, and global capabilities including full multi-currency and multi-GAAP support, over 50 country localizations for tax, statutory and payment requirements, and translations in 23 languages, Oracle ERP Cloud stands out as the best-in-class solution in the market.

Over 1300 customers -- with more than 300 in production -- have turned to Oracle ERP Cloud in recent months including Athenahealth, Australian Finance Group, Boise State University, Evite, Irving Materials, Lumosity, and Tower Ventures. Customers are looking to Oracle ERP Cloud for complete ERP capabilities across financials, procurement, and project portfolio management, as well as Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Supply Chain Management (SCM). Native integration with the broader Oracle SaaS portfolio for Human Capital Management (HCM), and Customer Experience (CX) offer customers a practical, business-driven, rapid adoption path forward.

Industry specific capabilities across professional services, public sector, education, and manufacturing verticals among others, and a secure, scalable architecture help ensure customers have the purpose built, industry tailored solutions for their specific needs. In addition, Oracle ERP Cloud's modern user interface, delivering embedded analytics, contextual social collaboration, and a device independent mobile experience makes the solution familiar and easy to use.

Australian Finance Group Ltd., Australia's largest mortgage broking group and one of that country's leading financial service companies chose Oracle ERP Cloud to reduce expenses and gain better insight into its financial reporting. "We chose Oracle ERP Cloud because it provides a comprehensive cloud offering across functions and industries that no other vendor can match," said Andrew McGee, IT Manager, Australian Finance Group Ltd. "With Oracle, we process 600,000 monthly commission payments 5x faster, increased our capacity to innovate by 50% and reduced system management costs by 29%."

Lumosity, a brain training company with more than 70 million members worldwide, selected Oracle ERP Cloud to support its global growth and industry expansion. "The foundational piece of moving to a modern finance organization is having an integrated, scalable ERP system that gives organizations the tools they need to succeed," said Tyler Chapman, vice president of finance, Lumosity. "The integrated view and world-class reporting functionality delivered by Oracle ERP Cloud gives our finance team the enterprise-wide insights we need to take Lumosity to the next level of growth."

Tower Ventures, a national provider of wireless communications structures, is using Oracle ERP Cloud to improve visibility into its financial performance as a growing enterprise. "Technology such as Oracle Financials Cloud will not only make us stronger and more profitable, it will speed up the business cycle," said Michael McLaughlin, CFO at Tower Ventures. "We can create asset portfolios faster and have the data that carriers require at our fingertips."

"Oracle ERP Cloud enables our customers to increase their operational efficiency while reducing their costs, and modernize their business practices to gain insight and productivity," said Rondy Ng, Senior Vice President, Oracle Applications Development. "This combination, coupled with 30 years of subject matter expertise, and strength in flexible and modular adoption methods suited to our customer's needs, make Oracle ERP Cloud the most complete, robust and modern ERP available."

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