8 Key Advantages Of Oracle ERP Cloud Vs. Oracle EBS

For some IT departments, ERP systems have often meant large, costly, and time-consuming deployments that require generous investments in hardware or infrastructure. Moving ERP to the cloud permits businesses to lower their support costs and as soon as possible 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 a significant number of the same features and functionality as their on-premises counterparts. Additionally, cloud systems permit the easy integration of other key technologies like mobility, analytics, collaboration, and social tools.

As an Oracle customer, are you wondering assuming that a SaaS solution like Oracle ERP Cloud is appropriate for your business – or would it be advisable for you to continue utilizing Oracle E-Business Suite? We can help you decide.

What is Oracle ERP Cloud?

Oracle ERP Cloud is based on the Oracle Cloud infrastructure, which delivers every one of the important features businesses need in a cloud platform, including superior performance and scalability, greater reliability, and better security.

Oracle ERP Cloud includes the following modules:

• Financials
• Revenue management
• Accounting
• Project management and finances
• Procurement
• Risk management
• Order management
• Inventory

8 Key Advantages of Oracle ERP Cloud vs. Oracle EBS

1. Significantly Lower TCO

Oracle ERP Cloud has no forthcoming license costs and lowers maintenance costs when compared to Oracle EBS. While checking out total business costs (software, hardware, personnel, and preparing) 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.

2. 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 developing quickly and are currently 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.

3. Faster Time to Value

On-premise Oracle EBS implementations require huge IT effort and quite a bit of it is spent in the installation and configuration of the existing, complex IT environment. Oracle ERP Cloud enables the organization to implement new functionality rapidly and at a lower cost than Oracle EBS.

4. Easy Accessibility

Oracle ERP Cloud can be accessed through the internet anywhere, anytime, and works on any mobile device – including your laptop, phone, and tablet. This is especially useful when employees desire flexibility in their schedules and work environment.

5. Continuous Automatic Upgrades

The costs and effort associated with upgrades and new releases are higher in on-premises ERP solutions as the user needs to purchase an upgrade package and introduce it or pay for specialized services to perform the software upgrade. Oracle ERP Cloud gets continuous, automatic software updates whereas overhauling Oracle EBS requires critical time and effort from the IT team.

6. Scalability and Integration

SaaS solutions exist in cloud environments that are easily scalable and have integration with other SaaS offerings. Oracle ERP Cloud is engineered to enable a wide range of application integrations and provides this capability in a reliable architecture. Oracle ERP Cloud supports complex integrations just as mass information movement. This process isn't really simple in Oracle EBS and needs extensive support from the IT team to design and construct the integrations.

7. Improved User Interface

Oracle ERP Cloud features a complete redesign which makes the applications more streamlined and user-friendly. State-of-the-art web technologies result in a simple, intuitive experience that makes it quicker and easier to perform most administrative center functions. On-premises Oracle EBS doesn't include the revamped UI and feels outdated in comparison.

8. Oracle Cloud Marketplace

Oracle Cloud Marketplace is an online store dedicated to cloud business applications and professional services offered by Oracle Cloud partners. It is designed to help customers take advantage of Oracle's developing ecosystem of partner applications and solutions. The integration between Oracle Cloud Marketplace and Oracle Cloud infrastructure, leveraging partner capabilities, can help you deploy the best solutions for your business needs.