An ERP system serves as the digital nervous system of your business operations. While it brings simplicity through automation and the expedition of several processes under a single pane of glass, it is a significant investment. This blog provides you with detailed data on Oracle Cloud ERP pricing.
Oracle Cloud ERP Cost
If you are considering investing in a new Oracle Fusion Cloud ERP system or upgrading an existing one, determining the cost of an ERP system is crucial. ERP software is certainly not cheap, and the Oracle Cloud ERP price often varies. Determining values includes:
- The number of users
- The type and scale of deployment
- The level of customization required
Although the Oracle Cloud ERP pricing breakdown is very thorough, the list does not correspond to the business functions listed under Oracle’s Fusion Cloud Enterprise Resource Planning. These functions are, namely:
- Financials
- Project Management
- Procurement
- Risk Management and Compliance
- Enterprise Performance Management (EPM)
- Supply Chain and Manufacturing
- ERP Analytics
These business processes that your organization’s Oracle Fusion Cloud ERP system consists of are then further divided into more specific applications, or “solutions.”
For instance, within Supply Chain and Manufacturing, there are individual applications like supply chain planning, inventory, and manufacturing, each with corresponding data sheets, demos, or virtual tours about how the individual applications function within the cloud.
The data sheets give you a detailed description of how each application benefits your business, in addition to which other applications in the Oracle cloud will interact with it.
For example, Oracle Cloud Supply Planning works well with Oracle Cloud Demand Management, as well as other services.
Interested in learning more? Check out these blogs:
ERP Implementation Services Oracle Cloud Consulting Services Oracle Cloud Implementation Services
How Vendors Determine the Cost of an ERP System
Oracle and other ERP vendors determine the prices of their products through some of the following metrics:
- Number of modules added
- SaaS subscription pricing
- Customization of the system
- User training and education
- Users per month
- Terabyte storage capacity per month
- Gateway per hour
- Hosted environment per hour
- Gigabyte storage capacity per month
- Monitored app per hour
- Monitored account per hour
- Monitored service user per hour
- Instance architecture, core, memory, speed
- Assets per month
- Outbound data transfers per month
- Workspace usage per hour
- Execution per hour
- Gigabytes of data processed per hour
- Audit records per target per month
- Number of queries
- Endpoints per month
- Number of Emails sent
- Number of incoming requests
If that seems like a lot of industry-specific terminology, it’s important to understand that the above metrics are not exhaustive. In fact, they only represent slightly over half of the items on Oracle’s price list.
When migrating to the Oracle Fusion Cloud, it helps to work with an experienced ERP vendor partner. They will help determine what your business will need and the exact cost.
When migrating to the Oracle Fusion Cloud, it helps to work with an experienced ERP vendor partner. They will help determine what your business will need and the exact cost.
For example, some cloud-based options like risk management and the virtual assistant might be essential to your business functions, while you might not want the full Oracle Financials package.
Partner With an Industry Expert to Decode Oracle Cloud ERP Pricing
Unless you are an IT professional or developer, going straight to the Oracle Cloud Price List to determine the cost of an Oracle Cloud ERP system will be fruitless.
The list is conveniently alphabetized and available in 18 currencies, but a closer look reveals that it takes some major cloud software mastery to understand what you’re getting.
Working with an experienced ERP consulting firm like NexInfo will help you ensure you’re getting the most out of your investment while guiding educated decision-making that helps you achieve operational excellence.
Choosing a vendor partner like NexInfo means working with a consultant team that functions across business applications for a better return on your software investment.
The consultant team begins with an audit of your current software and internal processes. This allows them to gain insights into what’s working for or against you before recommending any upgrades or implementing specific applications.
The consultants also provide detailed road maps of all Oracle Cloud ERP applications they recommend. This ensures your new systems align with overall goals and accelerate your operational excellence.
A change management plan is also included, so you can rest assured that the deployed Oracle applications are actually being used and that your ROI is realized.
For more information on Oracle Fusion Cloud ERP pricing, contact NexInfo’s consultant team today.
