Oracle announced updates to Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM) on Tuesday.
The latest product updates will enable organisations of all sizes to take advantage of innovations quickly and easily in artificial intelligence, digital assistants and natural language processing, said a press release.
Advancements in Oracle's service will help finance teams improve decision-making with real-time insights, simplify business processes, and drive efficiencies needed to pivot organizations towards growth.
New features included in the updates are: Intelligent Process Automation, Intelligent Account Combination Defaulting, Automated Tagging of Regulatory Reports, Improve Decision Making with Predictive Planning, Intelligent Performance Management, Corporate and Project Planning and Budgeting Capabilities, Business Continuity Management, Improve User Productivity and Collaboration with Digital Assistants.
New version of Cloud SCM
Updates in Oracle Fusion Cloud Supply Chain & Manufacturing (Oracle Cloud SCM) will help customers increase collaboration across supply networks, proactively manage supply chain assets, and implement long-term supply chain planning.
The latest features and capabilities within Oracle Cloud SCM include: Oracle Logistics Digital Assistant, Oracle AI Planning Advisor, Field Service Preventative Maintenance, Multi-Tier Supply Chain Collaboration, Planning for Project-Driven Supply Chain, New Channel Revenue Management Capabilities, Cross-Product Procurement Enhancements.
The latest product updates will enable organisations of all sizes to quickly and easily take advantage of innovations in artificial intelligence, digital assistants and natural language processing.
New version of Cloud HCM
Oracle Cloud Human Capital Management updated products and features will deliver personalized journeys and growth opportunities for employees, while improving data accuracy for HR steams.
New career development products are included in the updates that will help organisations quickly meet changing needs, increase career mobility, and encourage employee growth.
The new features will also enable streamlining complex HR processes and improve data accuracy.
Enhanced analytics will help to deliver enterprise-wide visibility to enable better decision making and prioritize diversity and inclusion:
Diversity Dashboard with Oracle Fusion HCM Analytics will expand the possibilities of data by providing personalized business analytics for HR decision makers. The rich set of more than 50 HR KPIs, dashboards, and reports in Oracle Analytics for Cloud HCM includes a Diversity dashboard.
The pre-built dashboard highlights key statistics and trends to help HR teams better analyze employee data and improve initiatives around diversity and inclusion in their workforce.
Oracle also added new innovations and partner integrations to its enterprise-class CDP.
The latest updates to Oracle Unity aims to help brands optimize B2B experiences, predict and personalize customer interactions, eliminate customer blind spots by unifying disparate adtech and martech data, and enhance compliance and time to value, the press released added.
Oracle unity brings together online, offline, back-office, and third-party customer data sources and then applies built-in machine learning to prescribe the optimal experience within existing business processes.
The latest updates to Oracle Unity comprises of Optimize B2B Experiences, Predict and Personalize Customer Interactions among other innovations.