Modern-finance-v08

Table of Contents

---

The Clear Imperative for
Cloud Applications
Research shows that legacy ERP 1.0 systems were not 
designed for usability and insight. More than three 
quarters of business leaders say their current ERP 
system doesn’t meet their requirements, let alone future 
plans.
1
These systems lack modern best-practice 
capabilities needed to compete and grow. To enable 
today’s data-driven organization, the very foundation 
from which you are operating needs to be 
re-established; it needs to be “modernized”. 
Oracle’s goal is to help you navigate your own journey 
to modernization by sharing the knowledge we’ve 
gained working with many thousands of customers 
using both legacy and modern ERP systems. To that end, 
we’ve crafted this handbook series outlining the 
fundamental characteristics that define modern cloud 
enterprise applications. 
59%
Of global companies report being 
burdened by ERP landscape complexity 
which creates challenges in their:
1
Source: “ERP Complexity vs. Business Growth: Global 
Companies Facing a Rough Road”, APQC 2015.
IT systems
Business processes
Company policies
Governance models
Data management
1
04
05
Overview
Your Complete Guide to Modern ERP

---

The rapid evolution of the cloud has dramatically altered 
the ERP landscape for companies of all sizes. Coupled 
with mobile platforms, our work anywhere/anytime 
culture requires modern cloud-based ERP systems not 
tied to yesterday’s back office, on-premises 
environments. This next generation of ERP, or “ERP 
2.0,” builds upon the formidable history of “ERP 1.0,” 
but eliminates the need for multi-year projects and 
heavy customization.
From On-Premises ERP 1.0
to Cloud ERP 2.0
Learn More
ERP 2.0 delivers solutions rapidly through the cloud
so organizations can respond quickly to volatile markets 
and industry disruption, while supporting 
next-generation employees with security, insight
and agility.
Business-critical collaboration and decision making 
depends upon both enterprise data access and 
analysis, and modern ERP systems deliver the 
infrastructure and tools required to do the job.
The world is far more complex and competitive than 
when ERP 1.0 first arrived on in-house mainframes. 
Finance and technology are inexorably linked, as 
growing volumes of data drive not just operations 
and reporting, but critical business decisions. 
Aligning ERP 2.0 with a company’s people and 
products delivers digitally enabled business agility, 
which translates into greater operational and
sales success.