Spend Matters attended Oracle’s recent OpenWorld conference to see the latest developments in its cloud ecosystem, especially within Oracle Procurement. Oracle continues to make progress in its strategy of transforming from a technology and products company to one of cloud services. It was a decision that has taken time to develop, but without a doubt this vision is beginning to crystallize as a unified solution within the Oracle Cloud (aka Oracle Fusion) technology platform.
In this Spend Matters PRO article, we will discuss:
* Oracle’s overall cloud strategy and its relevance to procurement
* Latest Oracle procurement product updates and plans
* Analysis of Oracle’s methodical progress in a dynamic market, and what it can teach SAP Ariba (and vice versa)
* Opportunities and emerging progress in platforms and “business networks”
Application-wise, Oracle is a slow and steady provider of cloud-based procurement applications, with a strength in P2P (as evidenced in its performance in our most current P2P SolutionMap ranking). And it’s making progress in its strategic procurement application areas — especially in contract management, where its solution is surprisingly strong relative to non-best-of-breed CLM players. But the game in the market is shifting beyond applications toward open platforms and ecosystems.
Can Oracle seize the opportunity? We’ll discuss…