Business transformation planning: what is cloud technology or cloud application?

Data is a new type of oil, a widely used and accepted phrase about the importance of using corporate data to optimize operations and promote informed decision-making. . If the data is new, then to be successful in the long run, companies must make sure that their financial applications are first class. Managing large amounts of data is a huge challenge, not just for business giants, but also for small and medium-sized businesses.

Think behind your cloud technology strategy:

So, how do companies ensure that they add more revenue? How do they become cautious about CAPEX and optimize performance and TAT. Cloud technology has become the right solution for all optimization needs: infrastructure, performance, availability, accessibility and more. But is this solution suitable for all methods? Does this trend put companies in the cloud technology without linking their real needs to long-term goals? Can companies take concrete steps to ensure that their decision to move to the cloud technology does not lead to a turbulent journey in the future? The key is to meet business needs, short and long-term goals and your expectations for this important change.

Is migration still adopted?

A few decades ago, when companies implemented ERP to optimize their operations, these ERPs were highly appreciated because they added value to the business. However, over the past two decades, the corporate environment has undergone a paradigm shift. In this case, the migration to the cloud technology offers numerous advantages. What companies do not understand is that cloud migration refers primarily to the benefits of cloud infrastructure. But the most important thing you need to know is that you get the best value from the ERP? Cloud technology mobility or the increase and transfer of methods will inevitably lead to cost reductions, but guarantee real business value? Any opportunity to exploit support factors for new-era companies (such as digital, artificial intelligence, mobility, automation, etc.). It goes beyond the scope of the on-site ERP system. So, when companies gain a competitive advantage by harnessing the power of these supporters, should they really focus on a single aspect of cloud technology support? Companies should consider this in developing a cloud migration strategy.

Switch, convert:

In recent years, with the expansion of the business and the increase of its needs in terms of size and complexity, updates and customizations are often the solution to guarantee the return on the ERP investment. . However, due to the lack of understanding or lack of intentional decision by the implementer, personalization has reached the stage where the local ERP becomes too weak to be able to launch the cloud. Now, companies can take the approach to completely eliminate legacy ERP problems by planning to move and implement cloud-based solutions such as Oracle Financial Cloud. Although this is not a simple decision, it is certainly a cautious decision. This not only ensures cost savings, but can also support your business with all the support tools available from Oracle Financial Cloud.

The success of companies that create a new era:

Oracle Financial Cloud provides custom dashboards that can be tracked quickly and easily to improve performance and make informed decisions. It also provides a mobile solution that provides easy access to corporate data and reports anytime, anywhere. Chatbots ERP can be integrated with ERP to help decision makers get primary reports and data from a single query, rather than through a cumbersome ripping process. Companies can also explore automation capabilities to simplify and execute business processes. Accepting Oracle Financial Cloud Technology from the ERP Oracle site is an important decision, but it can provide the impetus for your company‚Äôs long-term success. So the most important question is: are you ready to change your company? The answer will be the key to shaping your cloud technology strategy.

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