by Angela Guess

According to a recent press release, “To empower the office of the CFO with data-driven insights they need to adapt to change, capitalize on new market opportunities, and increase profitability, Oracle today announced new artificial intelligence-based applications for finance. By applying advanced data science and machine learning to data from the Oracle Data Cloud and from partners, the new Oracle Adaptive Intelligent Applications for Enterprise Resource Planning (ERP) help automate transactional work and streamline business processes. Oracle Adaptive Intelligent Applications for ERP are designed to enhance existing applications, including financials, procurement, enterprise performance management, order management, and manufacturing within the ERP Cloud suite.”

The release goes on, “CFOs and modern finance professionals are under pressure to increase the agility and effectiveness of their organizations. As such, they need to constantly monitor and assess what is working and what is not and redeploy resources for maximum returns. ‘To increase their agility, organizations need to leverage the right tools to help improve process efficiency and uncover insights that can guide a business forward,’ said Rondy Ng, senior vice president, Oracle Applications Development. ‘Oracle helps finance leaders drive business transformation with ready-to-go applications that combine advanced machine learning with the industry’s most comprehensive suite of cloud applications to deliver immediate value and results’.”

Read more at PR Newswire.

Photo credit: Oracle