CFOs Jump To ERP Cloud To Accelerate And Integrate

This article discusses how the Oracle Enterprise Resource Planning Cloud and Oracle Enterprise Performance Management Cloud, has proved that software as a service (SaaS) offers significant advantages in terms of implementation, reliability, scalability, and security. Traditionally corporations that implement this system are much  more successful and are able to expand and grow quicker. According to Oracle’s Q2 FY2015 earnings statement post implementation: New cloud bookings increased more than 140% in Q2 FY2015, with ERP and EPM revenue growing more than 80%, Oracle added 250 new ERP and EPM Cloud customers in the quarter, and Oracle now has more than 600 ERP and EPM Cloud customers.

Successful companies are realizing that Oracle is necessary and important for the future. Innovative, fast-growing companies, in particular, are tapping Oracle ERP and EPM Cloud to support rapid expansion. Last November, lynda.com, a growing online education company specializing in creative business skills, acquired Oracle ERP Cloud.  According to lynda.com CFO Elaine Kitagawa on looking to replace its aging on-premises financial system, Lynda.com conducted a “very thorough vetting process” of ERP cloud vendors and their offerings. She continues with how it offered a “strong, cohesive, and complete set of features” that impressed the financial team, as well as scalability and security the IT team took note of, Kitagawa says. At the same time, the Oracle team “really showed their commitment to lynda.com’s success,” she says. To see how a strong and flourishing company who relies solely on the web to generate revenue and customers, this review from their CFO is very satisfying. It will be interesting to see if and when more companies in other industries make the move.

To read more go to http://www.forbes.com/sites/oracle/2015/01/30/cfos-jump-to-erp-cloud-to-accelerate-and-integrate/