{"id":2036,"date":"2019-03-20T13:52:40","date_gmt":"2019-03-20T13:52:40","guid":{"rendered":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/?p=2036"},"modified":"2022-07-11T21:17:46","modified_gmt":"2022-07-11T21:17:46","slug":"oracle-extends-ai-capabilities-within-oracle-erp-cloud-and-oracle-epm-cloud","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/oracle-extends-ai-capabilities-within-oracle-erp-cloud-and-oracle-epm-cloud\/","title":{"rendered":"Oracle Extends AI Capabilities within Oracle ERP Cloud and Oracle EPM Cloud"},"content":{"rendered":"<div id=\"attachment_4272\" style=\"width: 810px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4272\" class=\"wp-image-4272 size-full\" src=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2021\/12\/Oracle.png\" alt=\"Oracle Cerner\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2021\/12\/Oracle.png 800w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2021\/12\/Oracle-300x150.png 300w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2021\/12\/Oracle-768x384.png 768w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2021\/12\/Oracle-540x270.png 540w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2021\/12\/Oracle-162x81.png 162w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2021\/12\/Oracle-360x180.png 360w, https:\/\/solutionsreview.com\/enterprise-resource-planning\/files\/2021\/12\/Oracle-400x200.png 400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><p id=\"caption-attachment-4272\" class=\"wp-caption-text\"><em>Source: Oracle<\/em><\/p><\/div>\n<p style=\"text-align: justify;\">This week, at Oracle Modern Business Experience conference in Las Vegas, Oracle announced several updates to the Oracle SaaS suite that further integrate finance, HR, and the supply chain. Yesterday,<span style=\"font-size: 1em;\">\u00a0Oracle <\/span><a style=\"font-size: 1em;\" href=\"https:\/\/www.oracle.com\/corporate\/pressrelease\/oracle-adds-ai-smarts-031919.html\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a><span style=\"font-size: 1em;\"> they have extended the artificial intelligence (AI) capabilities within <\/span><a style=\"font-size: 1em;\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2407355-2&amp;h=1358145265&amp;u=https%3A%2F%2Fcloud.oracle.com%2Ferp-cloud&amp;a=Oracle+Enterprise+Resource+Planning+(ERP)+Cloud\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Oracle ERP Cloud<\/a><span style=\"font-size: 1em;\">\u00a0and\u00a0<\/span><a style=\"font-size: 1em;\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2407355-2&amp;h=1857750231&amp;u=https%3A%2F%2Fcloud.oracle.com%2Fepm-cloud&amp;a=Oracle+Enterprise+Performance+Management+(EPM)+Cloud\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Oracle Enterprise Performance Management (EPM) Cloud<\/a><span style=\"font-size: 1em;\">. The latest machine learning-based innovations include an expense reporting assistant, project management digital assistant, advanced financial controls and project-driven supply chain management.<\/span><\/p>\n<br \/>Widget not in any sidebars<br \/>\n<p style=\"text-align: justify;\">&#8220;Oracle continues to deliver on the finance innovation promise expected by our customers,&#8221; said\u00a0<span class=\"xn-person\">Rondy Ng<\/span>, senior vice president, Oracle Applications Development. &#8220;Our pervasive AI strategy delivered via continuous product updates ensures rapid adoption with immediate business results. This allows finance and operations teams to stay ahead of the technology curve and retain a competitive advantage.&#8221;<\/p>\n<p style=\"text-align: justify;\">The latest machine learning-based innovations enable finance and operations teams to spend more time on strategic initiatives that grow the business by increasing efficiency, accuracy and compliance across business processes. New innovations include:<\/p>\n<ul style=\"text-align: justify;\">\n<li><b>Expense Reporting Assistant:\u00a0<\/b>Streamlines expense report processing by automatically creating, classifying and matching expense items. Users can interact with the assistant through a powerful voice interface, or simply by sending receipt images to the assistant via email, SMS, Slack or Microsoft Teams. The assistant uses machine learning to improve the automatic classification of expense items, monitor policy violations and reduce audit risks.<b>\u00a0<\/b><\/li>\n<li><b>Project Management Digital Assistant:<\/b>\u00a0Provides instant project status updates and enables users to update time and task progress using a digital assistant. The digital assistant learns from your past time entries, project planning data, and the overall context to tailor interactions and smartly capture critical project information.<\/li>\n<li><b>Advanced Financial Controls:<\/b>\u00a0Provides continuous analysis of transactions, setups, and configurations to automate audits and help prevent financial leakage.\u00a0The solution uses self-learning algorithms to examine critical configuration changes and transactions against a library of proven rules leveraging built-in algorithms for fuzzy matching, anomaly detection, Benford analysis, clustering etc. This approach uses data science techniques to allow incidents to be directed to analysts for tracking, investigation and closure.<\/li>\n<li><b>Advanced Access Controls<\/b>: Automates user security analysis using AI techniques to help protect business data from insider threats and fraud. The solution uses graph-based analysis to accurately and reliably assess violations hidden inside complex, recursive and dynamic security configurations. This technique includes a robust library of configurable, best practice data privacy and SOD rules that can continuously monitor users, roles, privileges, setups and transactions.<\/li>\n<li><b>Intelligent Supplier Management:<\/b>\u00a0Oracle DataFox integration enriches supplier profiles with AI-sourced and validated company data to power supplier scoring and categorization. It uses AI techniques to extract dynamic supplier risk signals from news articles and press releases, which are then combined with DataFox&#8217;s company data sources to automatically manage supplier risk, by identifying which suppliers are at risk and recommending alternative suppliers.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">In addition, other machine learning driven innovations for Oracle ERP Cloud previously announced include:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Intelligent Payments which enable organizations to reduce costs and build stronger relationships with top suppliers by taking advantage of in-the-moment supplier profile and risk data to generate vendor-specific offers in exchange for early payment of outstanding payables.<\/li>\n<li>Intelligent Performance Management which uncovers hard-to-spot data patterns to deliver actionable and contextual insights at the right time, helping improve the quality and business impact of financial and operational decisions.<\/li>\n<li>Intelligent Process Automation that enables the automation of labor-intensive tasks and allows organizations to redeploy employees to more strategic and rewarding work.<\/li>\n<\/ul>\n<p style=\"margin: 0in 0in 0.0001pt; text-align: justify;\"><span style=\"color: black; background: white;\">Steve Miranda, executive vice president, Oracle Applications Product Development, has discussed key themes and business drivers <\/span><a href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=https-3A__www.oracle.com_corporate_blogs_speed-2Dchange-2Dbecomes-2Dcompetitive-2Dadvantage.html&amp;d=DwMGaQ&amp;c=5oszCido4egZ9x-32Pvn-g&amp;r=sgmogxtW_1cN6NZ45VIRB8KqCpIVOdmYy_baqyh3FrE&amp;m=jKUXuKuiBFCl-FlNZF_5wERr9KPvSF1XmuoDatw_eLs&amp;s=LLfYcFG9RqyadFjjY8wIiUeDqdt79Zt8T37MRhZEOXw&amp;e=\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #954f72;\">in this blog post<\/span><\/a><span style=\"color: black;\">, and you can hear more by tuning into the keynote here: <\/span><a href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=https-3A__takeonedigital.com_oracle_mbx.html&amp;d=DwMFaQ&amp;c=RoP1YumCXCgaWHvlZYR8PZh8Bv7qIrMUB65eapI_JnE&amp;r=PwQrdSgti7dTISPTYJCF2cR8nQCcEvb-egqjIp9gzRw&amp;m=a2qJgKXZbibHerXn9FdYMy2QJrXZAwdnwn9Q4j8-BvI&amp;s=yjI97PgrL8bx8vlMxXYOy879sVwXnlGlxSChv2he7vo&amp;e=\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #1155cc;\">https:\/\/takeonedigital.com\/oracle\/mbx.html<\/span><\/a><span style=\"color: black;\">. You can also follow the conversation on Twitter using the hashtag <span style=\"background: white;\">#OracleMBX.<\/span><\/span><\/p>\n<hr \/>\n<p><span style=\"font-size: 1em;\">Looking for more? Download our\u00a0<\/span><a style=\"font-size: 1em;\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/free-erp-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">ERP buyers guide<\/a><span style=\"font-size: 1em;\"> for free and compare the top-24 products available on the market with full page vendor profiles. The guide includes four key capabilities to look for in an ERP solution.<\/span><\/p>\n<p><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<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>\n","protected":false},"excerpt":{"rendered":"<p>This week, at Oracle Modern Business Experience conference in Las Vegas, Oracle announced several updates to the Oracle SaaS suite that further integrate finance, HR, and the supply chain. Yesterday,\u00a0Oracle announced they have extended the artificial intelligence (AI) capabilities within Oracle ERP Cloud\u00a0and\u00a0Oracle Enterprise Performance Management (EPM) Cloud. The latest machine learning-based innovations include an [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":4272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[582,383,583],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oracle Extends AI Capabilities within Oracle ERP Cloud and Oracle EPM Cloud<\/title>\n<meta name=\"description\" content=\"Yesterday,\u00a0Oracle announced they have extended the AI capabilities within Oracle ERP Cloud\u00a0and\u00a0Oracle Enterprise Performance Management (EPM) Cloud.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Talent Management Suites (TMS) at Solutions Review. She writes to bridge the gap between consumer and technical expert to help readers understand what they're looking for. Liz attended Massachusetts College of Liberal Arts, where she obtained her Bachelor of Arts Degree in English and Communications. 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