{"id":1125,"date":"2018-02-16T16:38:12","date_gmt":"2018-02-16T16:38:12","guid":{"rendered":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/?p=1125"},"modified":"2019-06-26T18:57:32","modified_gmt":"2019-06-26T18:57:32","slug":"oracle-announces-new-ai-based-applications-for-finance","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/oracle-announces-new-ai-based-applications-for-finance\/","title":{"rendered":"Oracle Announces New AI-Based Applications for Finance"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1126\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2018\/02\/Oracle-Announces-New-AI-Based-Applications-for-Finance.jpg\" alt=\"Oracle Announces New AI-Based Applications for Finance\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2018\/02\/Oracle-Announces-New-AI-Based-Applications-for-Finance.jpg 800w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2018\/02\/Oracle-Announces-New-AI-Based-Applications-for-Finance-300x150.jpg 300w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2018\/02\/Oracle-Announces-New-AI-Based-Applications-for-Finance-768x384.jpg 768w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2018\/02\/Oracle-Announces-New-AI-Based-Applications-for-Finance-540x270.jpg 540w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2018\/02\/Oracle-Announces-New-AI-Based-Applications-for-Finance-162x81.jpg 162w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2018\/02\/Oracle-Announces-New-AI-Based-Applications-for-Finance-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\">Oracle recently <a href=\"https:\/\/www.oracle.com\/corporate\/pressrelease\/oracle-adaptive-intelligent-applications-erp-021318.html\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> new Artificial Intelligence (AI)-based applications for finance in order to empower the office of the CFO (Chief Financial Officer) with data-driven insights and to capitalize on new market opportunities for increased profitability.<\/p>\n<br \/>Widget not in any sidebars<br \/>\n<p style=\"text-align: justify\">CFOs and modern finance professionals are under pressure to increase the agility and effectiveness of their organizations. As such, they need to constantly monitor and assess what is working and what is not and redeploy resources for maximum returns.<\/p>\n<p style=\"text-align: justify\">By applying advanced data science and machine learning to data from the Oracle Data Cloud and from partners, the new <a href=\"https:\/\/cloud.oracle.com\/en_US\/adaptive-intelligent-apps\" target=\"_blank\" rel=\"noopener noreferrer\">Oracle Adaptive Intelligent Applications for ERP<\/a> help automate transactional work and streamline business processes.<\/p>\n<p style=\"text-align: justify\">Oracle Adaptive Intelligent Applications for ERP are designed to enhance existing applications, including financials, procurement, enterprise performance management, order management, and manufacturing within the\u00a0<a href=\"https:\/\/cloud.oracle.com\/erp-cloud\">ERP Cloud suite<\/a>.<\/p>\n<p style=\"text-align: justify\">\u201cTo increase their agility, organizations need to leverage the right tools to help improve process efficiency and uncover insights that can guide a business forward,\u201d said Rondy Ng, senior vice president, Oracle Applications Development. \u201cOracle helps finance leaders drive business transformation with ready-to-go applications that combine advanced machine learning with the industry\u2019s most comprehensive suite of cloud applications to deliver immediate value and results.\u201d<\/p>\n<p style=\"text-align: justify\">With Oracle Adaptive Intelligent Applications for ERP, finance leaders can benefit from the following:<\/p>\n<ul style=\"text-align: justify\">\n<li><strong>Better insight:<\/strong>\u00a0Applying analytics and AI to finance can improve performance and increases agility across payables, receivables, procurement, and fiscal period close processes. Intelligent applications are also able to provide suggested actions to help mitigate vendor risk and fraud activity by detecting exceptions in vendor selection criteria.<\/li>\n<li><strong>Greater efficiency:<\/strong>\u00a0Robotic Process Automation (RPA) and AI capabilities enable touchless transaction processing, minimizing the chance of human error.<\/li>\n<li><strong>Smarter business outcomes:\u00a0<\/strong>Oracle delivers immediate impact by infusing machine learning across the entire suite of business applications; this is done by leveraging data from the Oracle Data Cloud and from partners to derive insights across multiple channels and platforms, including finance, HR, and project management to support strategic business decision-making.<\/li>\n<li><strong>Increased influence:<\/strong>\u00a0The rich insights available to finance leaders via artificial intelligence empower CFOs to anticipate what comes next for the business and to make wise decisions, increasing the influence of the CFO and finance team in the organization.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">By applying advanced data science and machine learning to Oracle\u2019s web-scale data and an organization\u2019s own data, the new Adaptive Intelligent Apps can react, learn, and adapt in real time based on historical and dynamic data, while continuously delivering better business insights.<\/p>\n<p style=\"text-align: justify\">The\u00a0<a href=\"https:\/\/cloud.oracle.com\/en_US\/adaptive-intelligent-apps\">Oracle Adaptive Intelligent Apps<\/a>\u00a0are built into the existing\u00a0<a href=\"https:\/\/cloud.oracle.com\/saas\">Oracle Cloud Applications<\/a>\u00a0to deliver the industry\u2019s most powerful AI-based modern business applications across finance, human resources, supply chain and manufacturing, commerce, customer service, marketing, and sales.<\/p>\n<hr \/>\n<p>Looking for more? Download our\u00a0<a href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">ERP Buyer\u2019s Guide<\/a>\u00a0for free to compare the top 24 ERP software vendors head to head! The guide also includes 4 key capabilities to consider while selecting a new ERP solution and 10 questions to ask yourself and the software vendor before purchasing.<\/p>\n<p style=\"text-align: justify\"><em>And don&#8217;t forget to follow us on\u00a0<a href=\"https:\/\/twitter.com\/WorktechReview\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>,\u00a0<a href=\"https:\/\/www.facebook.com\/solutionsreview\/\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook\u00a0<\/a>and\u00a0<a href=\"https:\/\/www.linkedin.com\/showcase\/15089421\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn<\/a>\u00a0for all the latest in the ERP space!<\/em><\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"third-1\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" title=\"ERP Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2019\/06\/erp-third.jpg\" alt=\"Download Link to ERP Buyer's Guide\" \/><\/a> <a class=\"third-2\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-manufacturing-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" title=\"MERP Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2019\/06\/merp-third.jpg\" alt=\"Download Link to MERP Buyer's Guide\" \/><\/a> <a class=\"third-3\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-distribution-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" title=\"DERP Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2019\/06\/derp-third.jpg\" alt=\"Download Link to DERP Buyer's Guide\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oracle recently announced new Artificial Intelligence (AI)-based applications for finance in order to empower the office of the CFO (Chief Financial Officer) with data-driven insights and to capitalize on new market opportunities for increased profitability. CFOs and modern finance professionals are under pressure to increase the agility and effectiveness of their organizations. As such, they [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":1126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[11,123,333],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oracle Announces New AI-Based Applications for Finance<\/title>\n<meta name=\"description\" content=\"Oracle recently announced new Artificial Intelligence-based applications for finance in order to empower the CFO with data-driven insights.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/oracle-announces-new-ai-based-applications-for-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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