Announced at Oracle CloudWorld 2023, Oracle is introducing new capabilities across Oracle Fusion Cloud Applications Suite to help customers accelerate supply chain planning, increase operational efficiency and improve financial accuracy.
Updates include new planning, usage based pricing and rebate management capabilities within Oracle Fusion Cloud Supply Chain and Manufacturing (SCM) and enhanced quote-to-cash processes in Oracle Fusion Applications.
Part of the Oracle Fusion Application Suite, Oracle Cloud SCM connects supply chain processes to more rapidly respond to changing demand, supply and market conditions, embedding AI and automation in the platform’s supply chain processes. As a self-updating platform, new features will continue to be added every 90 days without downtime or business disruption.
Additionally, new supply chain updates announced for Oracle Fusion Cloud Applications Suite include new AI-powered lead time estimates in Oracle Supply Chain Planning; enhanced quote-to-cash process to help customers centralize subscription orchestration and usage ratings, comply with accounting requirements, improve order management, reduce costs and provide a seamless customer experience; and new rebate management capabilities in Oracle Channel Revenue Management.
Jon Chorley, senior vice president of supply chain applications and chief sustainability officer, Oracle, said: “The last few years have highlighted the value of supply chain insights, efficiency and accuracy and the consequences of moving too slow when a disruption occurs.
“With Oracle’s complete suite of integrated applications, organizations can manage supply chain data on the same platform as finance, HR and customer experience to accelerate processes like quote-to-cash and remove barriers that have traditionally existed between different business functions. This holistic approach creates an environment where AI and automation can flourish to help businesses drive efficiencies and achieve more with less.”