The latest updates to Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM) help customers apply touchless processes, the company says.
EPM has gained the ability to import machine learning models from third-party applications, helping users make more informed decisions, and take action more quickly.
New financial reporting skills for Oracle Digital Assistant simplify account reconciliation, financial consolidation, and close processes, and allow users to ask simple questions such as "What are the reconciliations due today?"
New Oracle Risk Management workflows and dashboards provide AI-powered analytics for analysing user activity and transactions, automated risk assessment, and pre-built controls to help counter security threats.
Oracle Risk Management has also gained an enhanced dashboard to improve risk awareness, collaboration, and executive oversight, thus promoting corporate governance.
Unified project planning, budgeting and execution helps keep projects aligned with strategic goals. This means a project proposed in Oracle Cloud EPM can feed into Oracle Project Management for execution, giving full visibility of strategic projects throughout their entire lifecycle.
Oracle senior vice president of applications development Rondy Ng said "We are proud to offer customers the most comprehensive set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, performance management, risk management, and subscription management.
"Oracle has created a self-updating and a self-learning platform that provides customers with advanced technologies every 90 days so they can build, innovate, automate, adapt, and leverage new business opportunities on demand."