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Oracle Adds Powerful New AI Capabilities Across Oracle Fusion Cloud Applications Suite
Thursday, September 19, 2024
New AI-powered capabilities embedded in Oracle Fusion Applications help organizations optimize finance, supply chain, HR, sales, marketing, and service
LAS VEGAS, Sept. 11, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced new AI capabilities within the Oracle Fusion Cloud Applications Suite that will help customers successfully execute complex tasks, automate workflows, and drive efficiency. Extending the comprehensive generative AI capabilities already embedded across the suite, the latest AI innovations include more than 50 new AI agents and a range of AI capabilities that assist with authoring, advice, and recommended actions. The new AI-powered capabilities will help customers achieve new levels of productivity across finance, supply chain, HR, sales, marketing, and service.
"We are the only enterprise vendor to offer a complete suite of business applications on a fully integrated technology stack - from hardware to database to applications - and an infrastructure that is trusted by leading AI providers and the world's leading large language models," said Steve Miranda, executive vice president of applications development, Oracle. "This puts us in unique position to help our customers quickly and easily take advantage of the latest AI innovations. The new AI capabilities in Oracle Fusion Applications, embedded at no extra cost, will help our customers increase the speed and accuracy of business processes, accelerate decision-making, and drive more revenue."
With connected workflows that span the entire business, Oracle Fusion Applications Suite allows customers to take advantage of the cloud and the latest AI innovations to break down organizational silos, standardize processes, and gain more value from their data. The latest AI capabilities in Oracle Fusion Applications include:
-- 50+ AI agents across ERP, HCM, SCM, and CX: Help organizations achieve
new levels of productivity by successfully executing frequent,
repetitive tasks and allowing employees and managers to focus their time
on more strategic tasks and initiatives. Powered by the latest
innovations in generative AI, the new agents will enable customers to
fully automate end-to-end business processes while also delivering
personalized insights, content, and recommendations in the context of
specific business processes and in support of specialized user roles. To
learn more about the new AI agents in Oracle Fusion Applications, please
visit: Oracle AI Agents Help Organizations Achieve New Levels of
Productivity.
-- New AI innovations in Oracle Cloud ERP: Help organizations optimize key
financial processes, including cash forecasting and management
reporting, and increase the speed and accuracy of sustainability
analytics. New predictive cash forecasting capabilities enable
organizations to accelerate insights by applying AI models to create
prescriptive and continuous daily, weekly, or monthly cash forecasts.
New narrative reporting capabilities help organizations accelerate
management reporting and make smarter decisions with AI-generated
financial performance narratives, variance explanations, and commentary
on trends impacting the business. Finally, new automated transaction
records in Oracle Fusion Cloud Sustainability enable business leaders to
use AI, classification rules, and sustainability metadata attributes to
automatically create activity records and add transactions to a
sustainability ledger.
-- AI-powered skills insights in Oracle Cloud HCM: Help organizations
enhance the speed and accuracy of skills insights and better align
talent with business priorities. New bespoke skills inventory enables HR
leaders to use AI to gain a complete catalog of their organization's
skills that is always kept up to date and can be modified or refined. In
addition, new AI-powered data enrichment allows HR leaders to combine
enriched skills data with data from across the enterprise and
third-party sources.
-- New AI Innovations in Oracle Cloud SCM: Help organizations improve
manufacturing and operational performance. A new smart operations
workbench helps organizations focus on issues impacting production goals
by providing real-time insight into work orders and generative
AI-powered shift reporting. In addition, new assisted authoring in
Oracle Order Management enables users to leverage generative AI to
develop order acknowledgement emails and order change history notes.
-- New AI innovations in Oracle Cloud CX: Help organizations quickly
capitalize on sales opportunities, enhance personalization, and improve
upsell and cross-sell conversion. New assisted authoring capabilities in
Oracle Cloud CX help sales teams efficiently engage with buyers by
providing AI-generated answers to contract-related questions, emails and
activity summaries, and executive summaries for quotes and proposals. In
addition, new AI capabilities in Oracle CX Unity detect signals, based
on role, title, and aggregated topic engagement, and provide next best
action recommendations.
Oracle is the only enterprise vendor to offer a fully integrated technology stack, from hardware and infrastructure to database and applications, which fuels the fastest innovation cycle in the industry. In addition, with updates delivered every quarter, Oracle Fusion Applications Suite helps organizations in every industry and region of the world embrace continuous innovation and stay ahead of whatever comes next.
To learn more about Oracle Fusion Applications Suite, please visit: oracle.com/applications.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
About Oracle CloudWorld
CloudWorld is where our customers and partners can see the latest innovations in cloud technology, discover methods for getting the most business value from AI today, and explore ways to increase productivity and efficiency through automation. You'll learn from experts and your peers who build and use the applications, cloud infrastructure, databases, developer tools, and AI services that help solve complex business challenges in every industry. Join us to develop new skills and see new capabilities in action. Register now at oracle.com/cloudworld or follow the news and conversation at oracle.com/news and linkedin.com/company/oracle.
Future Product Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company--ushering in the new era of cloud computing.
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SOURCE Oracle
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