End to End of Oracle ERP Cloud Implementation
The global cloud ERP market is estimated to stand at $130 billion by the end of 2027. Cloud ERP systems offer faster time-to-value, greater scalability, and more innovation opportunities. The Oracle ERP Cloud, in particular, has been delivering these capabilities to enterprises and helping them transform their operational outcomes.
What are the Benefits of Oracle ERP Cloud Implementation?
The Oracle ERP Cloud is a complete solution that addresses the needs of the modern enterprise. Some of the reasons to choose this ERP solution over others would be:
Broad ERP Feature Set
The broad feature set of the Oracle ERP Cloud is one of the biggest advantages for enterprises. It covers a large number of back-office processes that drive organizational success.
This solution recognizes the broad ERP ecosystem and is built to transform areas such as financials, revenue management, accounting, risk management, project management, and financials. It also covers procurement, order management, and inventory, allowing enterprises to streamline and improve processes and departmental outcomes.
One of the key reasons to adopt ERP Cloud relates to cost savings. A report by Nucleus shows that cloud applications are more flexible, scalable, and available than on-premise solutions. This report also states that Oracle ERP Cloud deployment results in an ROI of 2.1x. It has a Total Cost of Ownership (TCO), which is half of legacy on-premise systems. The Oracle ERP Cloud is also 14% less costly than equivalent cloud solutions.
Customers enjoy more cost benefits as this solution saves almost 60% in initial deployment costs and 24% in initial costs relative to on-premise and comparable cloud solutions, respectively.
The solution also helps reduce the financial overheads of managing company-wide systems and minimizes the maintenance burden for ERP administrators and teams. The low-to-no maintenance costs further provide the cost advantage to enterprises using Oracle ERP Cloud.
The Oracle ERP Cloud allows enterprises to access important data from across a wide range of sources and presents all the information using an intuitive analytics dashboard. Oracle Analytics supports the ERP suite reporting and analytics dashboards.
Enterprises can combine multiple Oracle Cloud apps that drive deep, valuable insights and allow decision-makers to understand it all and make confident decisions fast.
Easy Connection with Other Oracle Applications
Oracle ERP integrates seamlessly into enterprise ecosystems and existing software, especially with Oracle Cloud products. This solution can coexist with other systems and allows businesses to operate in a smooth and streamlined manner.
Security is a top concern across enterprises as the threat landscape expands. The Oracle ERP Cloud provides heightened security protocols that allow enterprises to navigate security challenges with confidence and ease.
Oracle employs 19 data-center regions that are manned 24/7 by Oracle security experts. The solution uses secure data isolation frameworks and ensures that sensitive data is protected since the database is never shared across customers. This reduces risks and also ensures faster processing times.
Challenges of Oracle ERP Cloud Implementation
While the Oracle ERP Cloud offers highly advanced capabilities, just like any ERP implementation, it comes with a set of challenges. Some of the challenges of Oracle implementation are:
The licensing and implementation costs of Oracle ERP Cloud can seem high, especially for small and medium businesses. Businesses with tight budgets might find it hard to accommodate these costs, especially if they factor in the costs that can accumulate over time, such as those associated with system maintenance and upgrades.
Oracle ERP Cloud offers immense flexibility. However, it might not offer the extremely high level of customization that some businesses might need. Unique processes or requirements not part of standard ERP implementations can be hard to accommodate for Oracle ERP Cloud.
It also becomes essential to test all customizations and configurations to ensure they work correctly and do not negatively impact software performance.
Steep Learning Curve and Resistance to Change
Implementing Oracle ERP is a sophisticated and comprehensive task, often presenting a steep learning curve. This challenge can be intensified if employees are resistant to change.
Regulatory Environment Considerations
As with any ERP implementation, it becomes critical to account for the regulatory requirements at a country and local level. Constantly shifting regulations can be hard to navigate, especially if they are implemented during the implementation go-live period. They might need the implementors to course correct and address all the regulatory changes before moving ahead.
Enterprises looking at Oracle ERP also have to ensure that the system is managed and maintained for performance. Ensuring that the software is up to date with the latest releases and patches becomes essential for this.
Enterprises must also navigate challenges like system monitoring to identify issues and bottlenecks. Furthermore, they need to create processes to handle user support requests. These tasks can be challenging for some enterprises as they can be time-consuming and might demand the expertise of external service providers.
The quality of the service provider, however, makes a big difference in managing the difficulty or ease with which these tasks are conducted.
Best Practices for Oracle ERP Cloud Implementation
Oracle ERP Cloud brings many benefits to enterprises. However, to make the Oracle Cloud implementation process highly successful, it is important to:
Outline a Clear Plan and Objectives
A clearly defined plan is essential for successful Oracle ERP Cloud implementation. This plan should outline the project scope, identify the key stakeholders, and have a clear risk management strategy. Establishing a clear communication strategy and processes is essential to ensure smooth interactions between the project team and the stakeholders.
Follow Oracle ERP Implementation Methodology OUM
The Oracle Unified Method, or OUM, is the best methodology for ERP cloud implementation. This method takes a lifecycle approach towards Oracle implementation and has six phases - Inception, Elaboration, Construction, Transition, Production, and Closure.
This methodology takes a systematic approach to Oracle ERP implementation and makes sure that there are no challenges during the implementation process.
Verify Configurations Against Project Definition
The Oracle ERP Cloud is configured according to design specifications. Since cloud applications are based on configurations more than customizations, it becomes essential to test the system thoroughly to ensure it works as intended.
Comprehensive testing ensures the resolution of all issues before production. Testing the migrated data, system integration testing (SIT), and user acceptance testing (UAT) are essential for the proper functioning of the solution.
SIT and UAT testing become critical as they ensure all third-party applications connected to the Oracle ERP work as intended.
Carry Out Implementation
During this phase, the system is rolled into production, and the project's readiness to go live is assessed. End-users are trained on the system, and all issues that could arise post-production are identified.
Establishing the right support structures also takes place in this phase. The main focus of the project team during this phase is to shift to user feedback and accommodate all the changes needed to meet the business outcomes.
Drive User Training and Change Management
One of the biggest challenges of ERP implementations transpires from the resistance to change. So, employing proper change management strategies is essential.
Among other things, change management not only validates the impact of the implementation but also provides robust user training that builds understanding and promotes adoption and advocacy.
Carry Out Continuous Testing and Post-Implementation Review
Testing is critical for the success of Oracle ERP Cloud implementation. Planning testing activities and carrying out continuous testing ensure that all applications are working as planned.
Conducting thorough post-implementation reviews is essential to identify:
- Processes that require optimizing
- Additional tools needed post the implementation
- Technical support needs
Select an Experienced Implementation Partner
Selecting the right implementation partner is pivotal in driving Oracle ERP Cloud implementation success. The right partner provides valuable guidance on technical and functional aspects of ERP Cloud and makes the implementation process smoother and more streamlined.
They help enterprises identify ways to optimize processes, evaluate tools, and develop the right implementation roadmap that causes the least business disruption.
An experienced implementation partner:
- Simplifies the complex Oracle ERP implementation processes
- Provides guidance and simplifies project management
- Employs the right tools that facilitate team communication and collaboration and ensure a smooth and timely ERP implementation
The role of robust, no-code, intelligent test automation platforms cannot be underestimated in Oracle ERP Cloud implementation. Enterprises need the power of AI to ensure real-time release and update alignment and enable multi-cloud integrated end-to-end automation across all enterprise apps and technology stacks.
Reusable assets that relate to the Oracle application flow, no-code handling of Oracle objects like embedded iFrames, trees, etc., codeless approach to validation logic for dynamic objects, and self-healing — all these capabilities contribute immensely to accelerating testing velocity and driving foolproof implementations.
Connect with us to see how ACCELQ's AI-powered, no-code test automation approach can help with Oracle ERP Cloud implementation!
VP Sales Engineering
Nishan is a tech strategist with expertise in Test Automation and roles at giants like TCS, Microfocus, and Parasoft. At ACCELQ, he champions Strategic Alliances, cultivating global tech partnerships. Educated at Leeds University and Symbiosis Pune, he also possesses an engineering background from Bangalore.