Oracle has extended the artificial intelligence (AI) capabilities within Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Enterprise Performance Management (EPM) Cloud. The latest machine learning-based innovations include an expense reporting assistant, project management digital assistant, advanced financial controls and project-driven supply chain management.
"Oracle continues to deliver on the finance innovation promise expected by our customers," said Rondy Ng, senior vice president, Oracle Applications Development. "Our pervasive AI strategy delivered via continuous product updates ensures rapid adoption with immediate business results. This allows finance and operations teams to stay ahead of the technology curve and retain a competitive advantage."
More than 6,000 organizations in 112 countries and 23 industries have selected Oracle ERP Cloud to provide a complete, innovative and securely-featured platform for their organization. With Oracle ERP Cloud, organizations of all sizes can quickly and easily take advantage of the latest innovations in artificial intelligence, digital assistants, natural language processing, blockchain, and the Internet of Things to enable enhanced productivity, reduced costs and improved controls.
The latest machine learning-based innovations enable finance and operations teams to spend more time on strategic initiatives that grow the business by increasing efficiency, accuracy and compliance across business processes. New innovations include:
In addition, other machine learning driven innovations for Oracle ERP Cloud previously announced include:
Oracle ERP Cloud was named the sole Leader in Gartner's Magic Quadrant for Cloud ERP for Product-Centric Midsize Enterprises[1]. In addition, Oracle (ERP Cloud) was named a Leader in Gartner's "Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises[2]," "Magic Quadrant for Cloud Financial Planning and Analysis Solutions[3]" (with the highest position for its ability to execute) and was also named a Leader in the 2018 "Magic Quadrant for Cloud Financial Close Solutions[4]."