Improve business processes, shorten time to make profits for businesses

The latest innovation allows businesses in the oil and gas, manufacturing, and high capital intensive industries to improve business processes and shorten the time it takes to make profits.

To help businesses recover, grow again, and build the right business model, Oracle announces key updates in its enterprise resource planning solution – Oracle Fusion Cloud Enterprise Resource Planning (ERP) and enterprise performance management solutions – Oracle Fusion Cloud Enterprise Performance Management (EPM).

These updates help the financial team in the enterprise make the most of technologies like artificial intelligence (AI), virtual assistants, and data analytics tools to improve productivity, reduce costs, and audit control financial situation better.

Ms. Nguyen Thi Mai Hoa, Director of Oracle Vietnam Application Division, said that with a new perspective, our customers are seeing investments in technology as a way for businesses to stand up and transform digitally, adaptive and ready to seize new growth opportunities after the current crisis.

“It is expected that in the coming months, the digital economy will become key economies and technology companies will act as” reliable advisors “for businesses. The most advanced and modern, Oracle is always ready to take on this role “- Ms. Nguyen Thi Mai Hoa affirmed.

The latest innovations are designed to help finance teams adapt quickly to today’s economic situation, harnessing new business models, according to Rondy Nguyen, Oracle’s VP of Application Development, Enhance ability to make strategic decisions and resume growth.

Specifically, the new AI and machine learning updates, analytics capabilities and security levels of Oracle Fusion ERP Cloud include: Predictive planning, helping businesses identify and capitalize on trends and patterns in financial and operational data. With predictions provided as soon as the data is uploaded, the enterprise can capture the variance of predictions, identify variance models, and then make effective and fast decisions.

In addition, digital assistant skills for timekeeping and project management: Help businesses reduce the burden of submitting and checking timesheets, monitoring the progress of projects, helping to improve timekeeping and project management; Smart Code Defaults: Help businesses improve the accuracy and efficiency of transactions by leveraging machine learning technology to suggest account codes.

At the same time, intelligent document recognition: Improve the accuracy and efficiency of converting and receiving financial information from PDF files and other popular document formats to reduce and eliminate invoice import. manually; Embedded incident management: Help businesses increase data security by providing crash reports during operations.

In addition, for businesses in the manufacturing industry with high capital intensity, ERP solutions and supply chain management solutions – Oracle Fusion Cloud Supply Chain Management (SCM) offers businesses a solution. solutions to easily grasp the situation, invoice, take advantage of raw material costs, and project production and maintenance.

Productivity and Quality Office