Oracle AI Apps for ERP is a suite of AI and data-driven features that help the procurement and finance teams improve financial performance, optimize cash flow, and increase agility across payables, receivables, procurement, and inventory. Oracle AI Apps for ERP enables the office of the CFO to focus more on strategic initiatives versus routine tasks by automating, operating, and influencing smarter.
Oracle AI Apps for ERP will improve usability and efficiency by smartly automating core processes and providing guided actions for users. For example, the smart automation of routine tasks such as employee expense reports not only automates the entry and classification of expense information, but also the expense approval itself. Similarly, the system could intelligently automate the ordering and fulfillment process for standard inventory items by automatically monitoring stock levels and learning the optimal lead time and sourcing options for reordering.
Oracle AI Apps for ERP will deliver organizational insights and operational agility by optimizing a wide range of business processes. Features will optimize processes ranging from procurement to receivables, and from inventory management to treasury management. For example, Oracle AI Apps for ERP will help optimize working capital by recommending intelligent collection strategies that reduce days sales outstanding (DSO), automate purchasing processes to minimize inventory float, and guide discount negotiations to reduce supplier spend.
Oracle AI Apps for ERP drives smart automation and optimization of processes to the Office of Finance, and frees up time and resources to play a much larger role in driving corporate initiatives, optimizing outcomes, and exercising influence over the strategic direction of the business.
Leadership Makes a Difference
Oracle ERP Cloud is a Leader for the third consecutive year in the Gartner Magic Quadrant 2019 report. This report is a must-read for finance and operations leaders to help with evaluating and selecting ERP cloud solutions.