Oracle on Tuesday announced the latest updates to a series of cloud applications, including Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM), Supply Chain Managment (SCM), Human Capital Management (HCM) and its Customer Data Platform (CDP). The updates come as enterprises rethink their longer-term business strategies, months into the COVID-19 pandemic.
Part of Oracle’s message is “the importance of cloud as an enabler to come out of this and recapture the next decade of growth,” said Juergen Lindner, Oracle’s SVP of product marketing for cloud ERP and supply chain applications. “Now is not the time to slow down, quite the contrary — it’s time to double down and hopefully come out at the better end of this as a stronger company.”
Particularly within the category of ERP, which grew 33 percent year-over-year in Oracle’s last reported quarter, “customers feel the same way,” Lindner said. “They want to invest right now.”