Enterprise resource planning systems (ERPs) integrate data from different parts of the organization to give managers a holistic view of their business. Large companies often use ERP systems to manage their operations and supply chains across departments. But they’re also handy for small to mid-size businesses.
When you are looking at all the options for ERP software for your organization, it’s essential that you explore every application. Sometimes the popular solutions for large corporations may not be the right fit for a small to mid-sized business.
That’s why it’s crucial for you to explore every option. You need to determine not just if an ERP is of good quality but if it’s a good fit.
In this article, we’ll be exploring Oracle’s pros and cons and how Acumatica solves some of Oracle’s weak points.
About Oracle ERP
Oracle Enterprise Resource Planning is a suite of enterprise resource planning software developed by Oracle Corporation in 2012. It includes modules for financial management, human capital management, supply chain management, accounting, procurement, and project management.
Oracle ERP also includes built-in artificial intelligence that predicts, automates, simplifies, and eliminates manual business processes.
The Oracle Fusion Cloud Enterprise Resource Planning has many different programs.
- Financials
- Project management
- Procurement
- Risk Management and compliance
- Enterprise Performance Management (EPM)
- Supply chain and manufacturing
- ERP analytics
Pros of Oracle
Oracle has over 10,000 leading corporations as customers in 116 countries, including Dropbox, FedEx, Honda, Square, and Pizza Hut. They report that they handle $113 trillion in corporate revenue.
This spread of well-known corporations shows that Oracle is a widely regarded system, especially for larger companies.
Oracle emphasizes that its cloud structure is designed for you always to have the latest version. It’s updated quarterly to keep pace with security needs and technological advances.
Customers had a lot of good things to say about the program. The reporting functionality is beneficial since they no longer need an IT specialist to acknowledge data requests. In addition, the module that helps with risk management is a big time saver for those wading through mountains of compliance forms.
And since they’re a modular ERP, you can deploy each section when you need it at your own pace. So if you need updated financials desperately, you can focus on that instead of putting out little fires everywhere.
Cons of Oracle
Oracle ERP provides all the necessary tools for managing and controlling your enterprise operations. It has been around for a long time and has had many versions, so it is very stable. However, Oracle ERP also has some cons you should know before using this software.
Oracle doesn’t pretend to be for small businesses. While it’s remarkably fully featured, it’s simply not tailored for small businesses. Especially ones that are going through rapid growth.
Pricing too can be high for those looking to stay on a budget. One con is the high cost of ownership. The company charges a lot for their software and a lot to maintain it and provide support services.
Another con is Oracle’s lack of integration with other systems. For example, Oracle ERP does not integrate with other applications such as Salesforce or Quickbooks. Companies need to use additional software or services to accomplish tasks like customer relationship management (CRM) or accounting.
Lastly, Oracle ERP may not be the best choice for small businesses because it requires a lot of advanced knowledge in order to use it properly, so there is a higher risk that small business owners will make
The most common complaints are that it is difficult to use, expensive, and complex.
About Acumatica ERP
Acumatica ERP is a cloud-based solution for SMEs. It combines all your business’s processes in one software and can scale up with your growing requirements.
Acumatica was founded in 2008 and currently has over 8,000 customers in over 50 countries. Their customer base is steadily on the rise. They’re based out of Kirkland, WA.
The Acumatica ERP system is tailored to everything you need for your business – from customer relationship management to inventory and supply chain management. It also includes modules for project and portfolio management, as well as manufacturing.
Why Acumatica might be the best solution for your business
Acumatica is an exceptionally highly rated ERP, regularly coming first or second in comparisons.
Oracle is an excellent solution, but it’s not optimized for small businesses. Acumatica solves a lot of Oracle’s issues with some clever solutions.
One, its pricing model is excellent for small businesses in growth stages. Instead of charging based on the number of users, they charge based on server usage. That means you’re not getting charged for it if you’re not using it. And if you need extra resources, you don’t have to go through complicated package changes.
The other way Acumatica really shines is its customer service. ERPs are supposed to make your life easier and less complicated. But when they break down or malfunction (as technology will do from time to time inevitably), you’re up a creek without a paddle.
Acumatica provides 24/7 service you can call on for knowledgeable support and guidance for your particular issue. They also offer services for businesses without extensive IT departments. These services will monitor and update your system whenever necessary.
Lastly, Acumatica is easy to get comfortable with and simple to customize. There is a sizeable third-party market for add-ons. And if you can’t find what you need, their system is written in common programming languages, making it simple to outsource or figure out in-house.
Try Acumatica Today!
Oracle and Acumatica Cloud ERP are excellent ERPs that save customers time, money, and headaches. However, Oracle is primarily for more giant corporations, making it less than ideal for businesses that need more support. Acumatica’s pricing model and exemplary customer service make it stand out.
Accumatica ERP is an accounting system designed to help small and medium-sized businesses. It is a cloud-based platform that can be accessed anywhere. If you’re interested in implementing Acumatica, Confianz can help! Our highly trained team can help make sure implementation is a success.
So contact us today to get started.
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