The Top 3 Essential Oracle ERP Modules!

 

Oracle ERP Cloud Suite is Oracle’s solution that enables organizations to grow by taking advantage of real-time consolidated information and automation technology. The product modules allow businesses to save time and improve communication among departments. It helps in fast decision-making and increases productivity with reduced expenses.

It automates business processes such as finances, procurement of products, order management and inventory management. The purpose of the ERP software is to integrate the day-to-day operations and streamline business processes to get the desired and improved results. The availability of ERP solutions assists employees in their activities and helps reduce errors, increasing efficiency, which encourages them to work more willingly.

These are the top three most essential oracle integrated cloud ERP modules from the suite that help model the business and gain maximum benefit.

Oracle ERP Financials

All the business operations of the various organizations differ according to their requirements. However, the finance department is one common and critical department in every organization. Managing finances can be cumbersome if not done correctly, as it affects every department that needs funds to accomplish its tasks. So, a good, reliable, and user-friendly system is essential to avoid errors and repetitive data entry due to manual entries.

Oracle integration cloud ERP financial module is the most crucial component of the suite. It raises the finance department’s ability and integrates modern finance, expense and revenue management. Additionally, it automates and takes care of the ledger & analytics, payables & assets, receivables, collections and other related finance requirements.

Oracle ERP Procurement

Another essential requirement in most organizations is procurement, especially in product-based businesses. Industries such as manufacturing are highly dependent on timely supplies to carry on the production, and Oracle’s ERP Procurement product module automates the procurement process, starting with sourcing to managing the supplies. It sources suppliers, collaborates and enforces negotiating terms to fetch the best deal. With the ERP procurement module, businesses can ensure compliant spending and can allow employees to themselves make purchases. It automates contracting by highlighting contract risks, improving visibility and procuring electronic signatures.

Moreover, the Oracle integration cloud ERP Procurement product module boosts profit margins by providing real-time insights and generating invoices/bills that save time and fasten the processes. All-in-all, the software optimizes all the aspects of the procurement of supplies and streamlines the process to increase efficiency and boost production.

Oracle ERP Order Management

Order management is directly related to customer service. For the success of any business, customer satisfaction is the utmost priority. Good products with lousy customer service will force your customers to look for alternatives. Oracle ERP Order Management automates the order management process and bridges the customers and the organization gap. It provides the end-to-end functions from procuring orders to taking care of after delivery services. It monitors the orders and takes care of queries and exchange/return requests. Using integration cloud oracle ERP Order Management is like playing a touchless orchestra with complete visibility and automation.

Other ERP Suite modules play a prominent role, but these three top the list. The alignment of finances, procurement and order management, gives life to the organizational processes.

To know more about other ERP modules, connect with the Tangenz IT System Integrator, the Oracle Gold Partner.