Oracle Cloud Applications Tutorial

This article explains about the Oracle Fusion Applications offering from Oracle.

Oracle Fusion Applications (OFA) is a Saas solution from Oracle also known as Oracle Cloud Applications (OCA). Oracle Fusion Applications include solutions for various functions of an organization including human capital management, financial management, project portfolio management, supply chain management, procurement, customer relationship management, student administration, and governance. The applications are built on top of the Oracle Fusion Middleware (OFM) technology stack and follow the Oracle Fusion Architecture. Oracle Cloud Applications is an enterprise resource planning suite and a combination of features and functionalities taken from the Oracle E-Business Suite, Siebel, PeopleSoft, and JD Edwards]. This article gives a comprehensive understanding of Oracle Cloud Applications.

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What are Oracle Cloud Applications?

For over the past few years, Oracle Fusion Cloud application is the center of interest and attraction for the IT industries and many people are struggling really hard to understand what it is. Oracle Cloud Application is a guidelines-based business application that gives another standard to how companies and organizations develop, work, innovate, function, and maintain themselves. In Oracle Fusion Cloud Applications, “fusion” refers to Oracle’s cloud infrastructure which helps in the development of several new applications that are specially designed for cloud services.

This application enables the organizations to deliver persuasive customer-employee experience, better efficiency, and enhanced decision-making process. The fusion middleware gives the setup an amazing structure that helps for advancement, empowers adding business knowledge, action observing, and gives a collective multi-channeled UI.

Why Oracle Cloud Applications?

There are a lot of changes that are yet to come. With changes come struggles that every organization would have to face. So, to outpace the changes, organizations need to be future-ready. They need to modernize their activities, upgrade their long-term plans, and update their on-premise applications as they can’t stay aware of the changing business needs with the applications they have. With the help of Oracle Fusion Cloud Applications, organizations can progress at a fast rate and approach rising advances.

Why you should use Oracle Cloud Applications?

Apart from staying updated on the latest technologies, Oracle Cloud Applications also offer business opportunities that other outdated systems can’t offer. It has:

• Lower Costs – This application can considerably reduce the organization’s expenses in hardware, maintenance, and IT.
• Agility – Oracle Cloud Applications further provide the organizations with the flexibility to respond easily and faster to the industry’s changing conditions, technologies, and customer demands.
• Scalability – Organizations will not have to worry about outgrowing their technology as each cloud application have built-in scalability that has been tested in extreme situations.
• High Security – The applications provide maximum security and reduced risks because of the presence of self-repairing systems on its database.
• Reduced errors – Oracle cloud applications have automated business processes and unified data access that reduces the errors drastically.

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Oracle Cloud Applications Features

As soon as Oracle realized that change is the only constant, they started aiming for creating a system that need not change as it will already have every feature that the future demands. It included the following features in Fusion Cloud Applications:

1. Voice Search – People can now talk with the system and do their work quickly and easily which accelerates business workflow.
2. System Automation – The system has automated bookkeeping, expense claims, and collaborative tool for people and systems. It helps in maintaining error-free bookkeeping, takes care of manual and hard processes within seconds, further maintaining the expenses of the company, and collaborating with the users just in a way a real human does.
3. Machine Learning and Artificial Intelligence – Oracle observes the system environment, listens to people, gains its artificial intelligence, and act accordingly.
4. Upgrade Independent – Oracle cloud application is done with upgrades and has now introduced updates. The new features can be switched on and off according to the user needs.
5. Enterprise Resource Planning – The new system has added subscription management capabilities to serve the demands of customers. It further makes it easy to process the order, calculate revenue, and recognize the payment.
6. Performance Management Capabilities – It deals with consolidation, close process orchestration, and automated transaction processing. Its ML-driven pattern identification even finds out suspicious transactions and tracks them down to the end-user.
7. Human Capital Management – Oracle improved its HCM capabilities by adding ‘Adaptive Intelligence’ driven user experience, design studio, candidate sourcing, etc. The design studio is a great hit with customers as it allows the configuration of workflow and transactions.
8. Extensible – Oracle Fusion Cloud application is extensible which means users can plug-in their customized add-ons and extensions. They can build their codes and software according to their requirements.
9. Future Proof – Oracle has ensured that companies can work consistently and secure their future in the market. It has AI and upgrades independence that allows the companies to stay ahead of changing customer demands.

Oracle Cloud Applications Architecture

The Oracle Cloud Services have a layered architecture. The top-most layer is where the user can access these cloud services using a lot of different devices such as desktops, laptops, tablets, etc. It is the cloud-management layer which provides the following functionalities:

• Security management
• Policy management
• Customer contract
• Revenue management
• Monitoring
• Lifecycle
• Maintenance
• Configuration

The second layer is the cloud-service layer which offers the services provided by Oracle Cloud and it supports three service models: SaaS, PaaS, and IaaS.
Another layer is the logical layer which with the help of virtualization provides the abstraction of physical computing resources.
The last layer is where physical resources are installed. They consist of large-scale blade servers, input devices, output devices, network devices, and storage devices. It is composed of electricity and cooling infrastructure, physical real estate space, and other facilities that are required to create the cloud infrastructure.

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Oracle Cloud Applications Benefits

Migrating your applications to the cloud has a lot of benefits and you must have read that in a lot of articles but they all mention the same points. This is not the case when you switch to Oracle Cloud Application. It has the following benefits:

• Streamlined Performance – It increases the performance by clicking fewer buttons and doing fewer manual tasks. It automates more and empowers the organization to run faster.
• Future-Proofing – Oracle is known for adding greater strength and innovations to its every product making them the leading choices in every business. It is the most up-to-date platform which is easy and hassle-free to work with thus providing future-proof solutions.
• Simplicity – When you need to save time and cost, simplicity is the key. Therefore, migrating your applications and workloads on Oracle Cloud can prove to be the easiest way to ensure better performance and reduced costs and expenses.
• Integration – It integrates all the different types of databases, applications, and business processes.
• Efficiency – It efficiently connects data and processes across applications thus maximizing the value of on-premise of an organization.

Oracle Cloud Applications New Offerings

Oracle Cloud Applications provide simplified migration to cloud applications as the change is quick, productive, and causes as little disturbance in the normal working of the application as possible. To expand productivity, agility, and progress, organizations need to interface their information, cycles, and frameworks.

Many organizations use Oracle Cloud Applications for their own Human Capital Management and we have helped them migrate to Oracle Fusion Cloud. We can easily assist organizations to change their business with our knowledge and experience. In this computerized world, it will help the organizations to speed up and advance.

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Advantages and Disadvantages of Oracle Cloud Applications

Oracle Fusion Applications are resource planning and asset arranging applications developed by Oracle Corporation. It uses the abilities of service-oriented architecture. It has a combination of features and functionalities implementing Oracle Fusion Architecture to plan resources and manage relationships with customers.

Advantages

• Quarterly updates are provided which expands the feature set and application usage. The updates are quicker and adapt to the changing business measures thus providing quicker and better execution.
• It has dynamic reporting, eliminates errors, it easily creates sub-ledgers, exports accounting entries, and increases productivity and growth of a company by streamlining the workflows.
• It has the option to get to more standard highlights. It is simpler to refresh the application and so it guarantees that the user approaches the best in class.
• It maintains accountability and it comes with extra modules that bring efficiency and greater productivity rate in the organization and thus also reduce the expenses.

Disadvantages

• There are many different modules available for users but their performances can be affected by poor internet connection.
• Although it comes with a user guide, some of the less tech-savvy users still get confused about how to use it as it is a complex system.
• It requires extensive staff training, accounting knowledge for users, and also there is no mobile version of this platform.
• The system can be very costly for some people. The long haul costs for license and backing are exceptionally huge which needs to be considered.
• If there are issues that are faced by the users, it can sometimes take ages to resolve them.

Brief about Oracle Fusion Middleware

Oracle Fusion Middleware is a collection of principle-based programming items that provides software for the development, deployment, integration, and management of service-oriented architecture. It encourages the production of applications and provides services like simultaneousness, stringing, informing, and exchanges and thus offers total help for organizations.