1. Scalability
A company should be able to respond to different business scenarios like mergers, acquisitions, changes in regulatory procedures, globalization, etc. And it must be able to adapt to these changes quickly.
Oracle Fusion Cloud Applications offer a flexible infrastructure that allows companies to scale up or down the important enterprise application features and their computation power. Plus, unlike Oracle EBS solutions, the cloud applications require fewer upfront costs and don’t require companies to manage hardware or software actively.
This kind of flexibility is one of the biggest reasons why many Fortune 500 corporations and thousands of other MNCs are planning for Oracle EBS to cloud migration.
2. Improved Security
Security is one of the biggest concerns because businesses are moving forward with Oracle EBS to cloud migration. When companies properly implement and use Oracle Fusion Cloud Applications, the cloud can provide more security than traditional data centers.
It comes with advanced security features like improved customer data isolation, better data authorization, superior protection against internet threats, and access control to keep enterprise data safe and secure.
With the cloud, you can share relevant business data within minutes across multiple locations and teams on a per-person, per group, or per-project basis. The Oracle Fusion Cloud environment also minimizes downtime and eliminates the risk of data loss from natural disasters or hardware failure, making it much more secure than the EBS solutions.
3. Cost savings
With Oracle EBS, companies must invest a sizable amount of money upfront for hardware purchase, configuration, and maintenance costs. They also need to pay the license fees for different EBS software and features they might not need any time soon.
Oracle Fusion Cloud Applications don’t require businesses to buy or maintain hardware, and there are no upfront licensing fees. Instead, you can choose new software and features and pay for them every month while eliminating under-utilized features as frequently as required.
This way, enterprises would only pay for the business features they need and avoid unnecessary expenses, making Oracle cloud reporting much cheaper than its on-premise counterparts. In fact, according to a recent Oracle study, running business operations in Oracle Fusion Cloud is up to 38% cheaper than any on-premise deployment and up to 44% cheaper than other cloud deployments.
No wonder businesses have been seeking EBS to cloud migration in recent years.
4. Future-proofing
Oracle Fusion Cloud is designed to auto-upgrade regularly, ensuring it can take advantage of future innovations to keep up with the times. This gives customers optimal performance, excellent security, fantastic prices, and improved compatibility for all enterprise workloads.
Oracle’s cloud solution uses the latest technologies like AI, IoT, blockchain, innovative interfaces, and intelligent process automation to help business data management and reporting solutions stay future-proof. This is another reason why many corporations allocate a good portion of their budget in EBS to cloud migration.