ERP cloud solutions have matured rapidly in recent years. Today, even core transactional processes in finance and procurement can be supported in a way that is suitable for most organizations. In an exclusive interaction with CXOToday, Ajay Kumar, Senior Director, Sales Consulting, ERP & EPM (India), Oracle, highlights reasons why on the gains ERP clouds can bring to business and how Oracle is helping C-Suite Innovate With ERP Cloud.
When looking at the full spectrum of ERP, we see that organizations usually start to adopt cloud applications to add value to distinctive business processes such as surrounding core business applications. For example, an organization might continue with Financials and procurement on the traditional on-prem system but may move logistics operations to the cloud.
Another reason is the increasing realization that business needs to focus more on its core competence and not spend too much time and energy on IT maintenance. CxOs are diverting energies to process innovation instead of spending it on running and maintaining archaic systems.
Cloud applications enable the business to implement new functionality with agility and at a lower cost than traditional on-premise implementations.