It’s time to start thinking about your travel plans because without question, business has a cloudy future.
As technology advances to meet internal and external business needs, the transformative potential of the cloud to modernize business systems through applications, platform, or infrastructure is too impressive to ignore. However, not all companies can (or want) to move at the same pace. Depending on priorities and budget, the company may have to modernize a legacy system in stages rather than make a full leap to the cloud. Oracle recognizes this and is fully committed to providing for every company running an on-premise ERP, allowing the organization to start modernizing on their own terms and at their own pace utilizing one of the three different options and with the guidance of partners such as Keste, a seven-time Oracle specialized partner of the year.
Option 1: Taking The Scenic Route
You have to get there, you have to modernize, but you are cautious. How can you manage all this yet stay on premise? It is possible! Oracle has committed to support timelines for its on premise systems until at least 2030, leaving plenty of time for even the most cautious adopter to get to a full cloud presence while still moving forward. How?
One key step to keeping your system modernized is to upgrade as new versions roll out (you can hear more about this in my interview with Cliff Godwin, Oracle’s Senior VP for Application Development, at last year’s Oracle OpenWorld). However, you don’t need to wait for new version releases to move forward. Rather, you can add new modules to optimize your current systems. For example, a company which wants to modernize its supply chain management system can implement any one of the supply chain applications now, for example new modules covering warehouse management or supply chain planning.
This same company may instead opt for a hybrid solution, integrating the existing on premise EBS system with Oracle’s Supply Chain Management Cloud Solutions. This offers a low risk, low cost entry point which allows the company to start building a cloud presence and taking advantage of its benefits without having to drop what is currently working for them.
Option 2: Go Direct
You can move to Oracle Cloud Infrastructure (OCI) while keeping your current on premise customizations. EBS on the Cloud enables companies to optimize their on-premise EBS system by moving to a modern, top-grade cloud-based infrastructure without having to buy or manage any hardware. This migration leverages the company’s current investment by supporting the existing system and allowing the company to focus less on IT and more on the core business.
Option 3: Rocket Launch
The software-as-a-service (SaaS) model is for those companies that want to go farther, faster by skipping incremental modernization, leaving behind their legacy ERP system and fully migrating to a purely cloud-based system like Oracle ERP Cloud.
Multiple Options, One Journey, One Destination.
The move is inevitable so now is the time to start to plan the journey, researching your options and finding the one that best aligns with your business goals and current priorities.
Contact Keste to start your EBS Modernization Journey. You can also download our paper on “The Future of EBS” here.