PayStream Advisors’ most recent research report tackles a subject in which many of our readers may have first-hand experience: Oracle ERP business applications. For organizations that have used Oracle for their financial and business processes, much of this experience has probably been bitter-sweet. As an ERP, Oracle is a reliable and trusted service for the security and management of accounting data; as a provider of P2P solutions however, the immobile nature of their design prohibits them from giving their customers true efficiency. The 2014 P2P for Oracle report shows readers that they don’t have to settle for the offerings of their ERP system, but instead, they can leverage the dynamic capabilities of today’s next generation, cloud-based technology.
Figure 1: Oracle Users Still Report Heavy Paper Use
This report explores the trends and opinions among today’s organizations that use Oracle. Research has found that while Oracle has been a leading figure in AP automation for a reason—their suite of offerings addresses almost every business need—the system has maintained its firm place in the market by the result of long-time use rather than long-time success. Studies show that while in some areas Oracle users have more integrated processes, including higher numbers of onboarded suppliers, this is more due to the fact that companies have been using the system for quite some time—in other words, integration is inevitable in the long-run. However, the results also show that integration is not necessarily optimization. Oracle users still report heavy degrees of processing pains through their procure-to-pay life-cycles, and the most fundamental sign of AP transformation—the elimination of paper—is not as evident among companies with Oracle, see Figure 1.
The true value of PayStream’s newest report is not only in its revealing research findings. This report provides insight into a real solution for professionals who wish to end their reliance on Oracle: today’s cloud-based business process technology. These cloud platforms are highly configurable, built to adapt to many kinds of businesses and to change to those businesses’ growth and needs quickly. Much of the dilemma of companies using Oracle’s applications is found in the immobility of its applications suite, but organizations can replace these with the flexibility of newer, leverage-able cloud solutions—while still holding onto the reliability of the Oracle ERP.
In all, the P2P for Oracle report is a vital transformation road-map, offering Best Practices and strategies for companies wanting to migrate from Oracle stagnation to process optimization. There are also included several profiles on leading solution providers who show particular efficiency with the Oracle ERP. These providers are prime examples of the innovation and collaboration possible with cloud-based financial automation software. Don’t wait in an inflexible, outdated business process. Download the free 2014 P2P for Oracle Report today.
