ORACLE REVEALS THEIR LATEST UPDATES AT ORACLE CLOUDWORLD 2023

During the recent Oracle CloudWorld 2023 event, Oracle unveiled a suite of new capabilities across Oracle Fusion Cloud Applications Suite, Aimed at empowering customers to boost their supply chain planning, improve operational efficiency, and enhance financial accuracy.

Updates include new planning, usage-based pricing and rebate management capabilities within Oracle Fusion Cloud Supply Chain and Manufacturing (SCM) and enhanced quote-to-cash processes in Oracle Fusion Applications.

As an integral part of the Oracle Fusion Application Suite, Oracle Cloud SCM connects supply chain processes to more rapidly respond to volatile demand, fluctuating supply, and ever-changing market conditions, utilizing AI and automation to optimize its supply chain processes. With constant updates to the platform, new features will continue to roll in every 90 days without downtime or business disruption.

Additionally, new supply chain updates announced for Oracle Fusion Cloud Applications Suite include new AI-powered lead time estimates in Oracle Supply Chain Planning; enhanced quote-to-cash process to help customers centralize subscription orchestration and usage ratings, comply with accounting requirements, improve order management, reduce costs, and provide a seamless customer experience; and new rebate management capabilities in Oracle Channel Revenue Management.

According to Jon Chorley, senior vice president of supply chain applications and chief sustainability officer, Oracle, said: “The last few years have highlighted the value of supply chain insights, efficiency and accuracy and the consequences of moving too slow when a disruption occurs.

“With Oracle’s complete suite of integrated applications, organizations can manage supply chain data on the same platform as finance, HR, and customer experience to accelerate processes like quote-to-cash and remove barriers that have traditionally existed between different business functions. This holistic approach creates an environment where AI and automation can flourish to help businesses drive efficiencies and effectively yielding more significant output with less.”

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