Oracle has unveiled new capabilities across Oracle Fusion Cloud Applications Suite. The enhancements are expected to help customers accelerate supply chain planning, increase operational efficiency, and improve financial accuracy. The updates include new planning, usage-based pricing, and rebate management capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing. In addition to enhanced quote-to-cash processes in Oracle Fusion Applications.
“The last few years have highlighted the value of supply chain insights, efficiency, and accuracy. Additionally, the consequences of moving too slow when a disruption occurs,” says Jon Chorley, senior vice president of supply chain applications and chief sustainability officer, Oracle. “With Oracle’s complete suite of integrated applications, organisations can manage supply chain data on the same platform. This includes finance, HR, and customer experience to accelerate processes like quote-to-cash and remove barriers that have traditionally existed between different business functions. This approach creates an environment where AI and automation can flourish helping businesses drive efficiencies and achieve more with less.”
New solution updates
New supply chain updates to Oracle Fusion Applications Suite include:
- New AI-powered lead time estimates in Oracle Supply Chain Planning. Customers can improve the accuracy of lead time assumptions by using machine learning to highlight variances based on actual performance. Embedded in Oracle Supply Chain Planning’s Planning Advisor, the new feature can improve planning efficiency and results. This is achieved by identifying lead time trends, anomalies, and their potential impact with prioritized actions and resolution suggestions.
- Enhanced quote-to-cash process in Oracle Fusion Applications. Helps customers centralise subscription orchestration and usage ratings, comply with accounting requirements, improve order management, reduce costs and time to market, and provide a seamless customer experience. The integrated solution connects Subscription Management (CX), Configure Price and Quote (CX), Order Management (SCM) and Financials (ERP). This enables customers to quote, capture, and fulfil orders (of mixed physical goods, subscriptions and services) more efficiently. As a result, the enterprise recognises revenue accordingly.
- New rebate management capabilities in Oracle Channel Revenue Management. This helps customers streamline rebate programmes, improve audit claim accuracy, and gain better visibility into programme performance. Part of Oracle Channel Revenue Management, the new capabilities automate rebate management process from rebate calculation through to financial settlement. This helps improve payment accuracy, reduce administration costs, and enable customer claims to be quickly settled.
The compete technology stack
According to Rajan Krishnan, GVP, Product Development at Oracle, “Oracle has the most complete technology stack in the industry. It has the infrastructure, platform and industry applications and the horizontal applications like ERP and supply chain.”
“We have the broadest footprint of supply chain, from planning to manufacturing to distribution and field service. The complete end-to-end supply chain for manufacturing businesses, but in some cases when service businesses needed. We also support areas such as logistics and warehousing standpoint.”
Part of Oracle Fusion Applications Suite, Oracle Cloud SCM helps organisations seamlessly connect supply chain processes. Businesses can quickly respond to changing demand, supply, and market conditions. Oracle’s self-updating platform gives customers access to continuous innovation. New features are added every 90 days, without downtime or business disruption.
Enterprise Times: What this means for business.
Oracle made it’s announcement under the bright lights of the company’s CloudWorld Tour in London’s ExCel Centre. However, away from the bright lights of London, many organisations struggle with disconnected systems that require complex and costly integrations. This has the potential to slow down business processes and impact financial accuracy and profitability. To address these challenges and improve the speed and accuracy of insights, enterprises need an integrated platform. Solutions that enable AI and automation to be embedded in supply chain processes. Oracle says its new Oracle Fusion Cloud Application Suite capabilities enhance supply chain planning, increase efficiency, and improve financial accuracy. This is expected to help customers to optimise supply chain management more effectively.
