Celebrating a milestone: Oracle completes move to Fusion Cloud ERP

Business transformation is a journey, not a destination—but that doesn’t mean it should be approached at a walking pace. Here at Oracle, we understand that moving quickly and making continuous advancements is mission-critical to our success. And that’s why we’ll never stop reimagining how we use our technology, equip our people, and refine our processes internally to power our business. It makes no sense to stop, when our underlying mandate is to stay ahead of our customers’ ever-evolving expectations.

But every so often in this transformation marathon, you hit a milestone particularly worth celebrating. And that’s what we did at Oracle on July 4, 2021 when we migrated our Order-to-Revenue systems to Oracle Fusion Cloud ERP, completing the full migration of our entire financial operations. This was a crowning achievement in our end-to-end process automation, which now spans Supply Chain Management, Human Capital Management, Payroll, Recruiting, Sales, Finance, and more.

As with every Oracle@Oracle transformation story, it’s not the gold medal itself we’re after. Instead, it’s a question of what this milestone means across our business—and what new value it can deliver to our customers.

Highlights of the transformation timeline that got us here

Like all high-value initiatives at Oracle, the Order-to-Revenue migration was a collaborative effort. Our business and IT teams worked together closely, using our 4-step analyze, plan, test, and launch methodology to ensure that this major migration was as well-timed and as undisruptive as possible to our everyday operations.?

Our transformation in the area of ERP has a rich history with an abundance of recent highlights. In January 2018, we implemented the first phase of Oracle Fusion Cloud ERP. One of the initial benefits was dramatically modernizing our expense experience. And over the last fiscal year we made major strides in our goal to close our books and release earnings more swiftly than ever, even with the pandemic and remote work upon us. In fact, this April, we were proud to announce that we’d achieved the fastest close on the S&P 500 for the third consecutive quarter: a mere 10 days after the period end.

The value of Order-to-Revenue in Oracle Cloud

In a nutshell, the Order-to-Revenue migration means one big thing internally for us: system integration across our end-to-end business. With integration comes greater visibility; with greater visibility comes great efficiency for our teams. Here are a few key features that we’re set to enjoy:

• Improved coordination across channels and fulfillment sources
• Faster order execution
• Fail-to-pay automation
• Improved tracking and insight into customer actions and requirements
• Collections dashboard for increased visibility into actionable items every day

From a customer standpoint, this migration continues the theme of our Accelerated Buying Experience: enhancements we continually make in our Oracle Customer Experience to support quicker transactions, less paperwork, and faster time to value. With the Order-to-Revenue migration, we’ll be able to create contracts and fulfill orders more quickly than ever.

Last but not least, any migration offers a key foundational benefit: in the cloud, we’ll be able to uptake new features every quarter. We’ll be able to gather faster insight, from cross-functional information from orders and fulfillments, to invoicing and cash collections. These critical financial inputs guide strategic decision-making among leadership.

Putting it all together

Business transformation is not a race with a set finish line. At Oracle, we see—and celebrate—our course being constantly refined by our customers, technological innovations, and certainly by global events. We lead the pack by anticipating those curves in the track and addressing them with unflagging agility.

With our Order-to-Revenue migration complete, I feel particularly proud of a few things. One is the headline of this piece: that we’ve completed the move of our entire financial operations to the cloud. But there are two evergreen benefits around migration that I want to underscore in closing.

First, thanks to the end-to-end business integration that the cloud offers, what could have been regarded as victory solely for Finance is a shared victory across our entire business.

Secondly, as our transformations make us stronger as a company, they come with best practices and lessons learned along the way. We share our learnings with our product teams to help them constantly evolve Oracle’s offerings—benefiting both ourselves and our customers. And we share our learnings directly with our customers as well. Our stories provide powerful, first-hand guidance to diverse organizations as they chart and consider their own next steps in their cloud journeys.

This article was just a small glimpse into one of those stories. I hope you’re curious to hear a few more.

To learn more about our transformation, visit our Oracle@Oracle website or schedule a peer-to-peer engagement.