What is Oracle ERP Cloud?
Oracle ERP Cloud or enterprise resource planning is a type of software that many organizations and companies use to manage their day-to-day business activities. It includes accounting, risk management, compliance, procurement, supply chain operations, and project management. This complete ERP suite also has enterprise performance management. This particular software helps in planning, budgeting, predicting, and reporting on an organization or company’s financial results. The enterprise resource planning systems tie together the business processes and allow the flow of data between them.
What are its functions?
These Enterprise resource management systems collect the organization’s shared transactional data from different sources and then eliminate all the data duplication and provide the data integrity with the only source of truth. Nowadays, enterprise resource management systems are very critical for managing the hundreds and thousands of businesses of every size and in every industry. For all of these companies, the ERP system is as important as electricity to keep the lights on. But all these capabilities and functions that the Oracle ERP Cloud has can be used correctly and properly. This will happen only when the company’s employees will get good training in it.
These kinds of systems are designed around a defined data structure that has a common database. This then makes sure that all the information that is being used across the organization are normalized and are based on common definitions as well as user experiences. The core constructs interconnect with the business processes that are driven by the workflows across every business department such as finance, operations, marketing, engineering, human resources, etc. It connects the systems and the people who use those systems. As put simply, Oracle enterprise resource management cloud is the vehicle that integrates people, technologies, and processes across a modern organization.
It is very critical to make sure that the users commit to all the changes that lead to a successful digital adoption when we talk about the thing that makes the Oracle ERP Cloud implementation successful. In the below section, we will go over all the reasons why companies and organizations need to include an Oracle ERP Cloud training strategy into their every implementation project.
What is the need for Oracle ERP Cloud Training?
All of the Oracle Cloud Applications including ERP Cloud, HCM Cloud, SCM, CX, EPM Cloud are complete, innovative, as well as proven solutions. They validate modern business transformations in the companies. But there is only one thing that will determine if your implementations are useful or not. It is whether the users will adopt the technology or not. Many companies rushed into transforming their business through the cloud but without proper training strategies in place. Later, they found themselves dealing with ROI and also with poor performance. All of this happened because of poor user adoption.
Driving the cloud adaption is a challenging task. This can be a big commitment to ensuring the adoption of the Oracle ERP Cloud or any other cloud solution and this is because of the main two reasons which are as follows:
- It is a very major change when a company moves from on-premise to a cloud-based application. It needs a shift in the mindset of everyone. For taking full advantage of all the abilities that Oracle ERP Cloud delivers, companies and organizations need to adjust all of their business processes and policies. Then they need to adopt new ones. While they are focusing on improving their business, all of these changes implemented will change the way people do their everyday work.
- It takes a lot of time to master the Oracle ERP Cloud. It is because it is a robust software suite with a lot of fields and screens. This cloud serves a large variety of business functions as well as roles.
Benefits of establishing Oracle ERP Cloud Training
In the year 2017, there was an IDC report. It was on the impacts of training on the acceleration of the cloud strategy. It stated the clear advantages for the companies that invest in training programs for the cloud. And also the companies that don’t. If talking about the companies that train their core teams well, they achieved almost about 90% of their business as well as their project milestones. However, the rate was 50% attainment for the untrained teams. When we look into the user adoption, about 82% of the organizations who had well-trained teams reported great satisfaction with the adoption rate of their solutions. However, the rate was only 60% for those organizations that didn’t get training. This makes a huge difference.
We can say that Oracle’s ERP Cloud is just as good as the people using it. It will not take much time for its features and capabilities that it provides to become useless. It will happen if the employees and other staff will not know how to use them correctly. All the applications of Oracle Cloud have an instinctive user interface but that’s only one thing. To be effective and expert in any technology, you and everyone else needs to be trained in that particular technology. Now, the following are some benefits that Oracle ERP Cloud provides when we deploy it:
- Facilitate your business transformation
- Improve User Adoption Rates
- Secure the processes
- Shorten time-to-competency
- Increase productivity
- Simplify user experience to reduce resistance to change
- Make users more autonomous and efficient
- Accelerate onboarding and increase ROI
- Accelerate user adoption
Conclusion
As the number of companies moving to Oracle Cloud Applications increase, like the ERP Cloud, one thing remains precise. It is that the staff needs to be empowered to embody the change. You can do it with the help of training and change management. A very well planned ERP Cloud training planning and strategy can help make and not break your overall ERP Cloud implementation.