North Carolina adopts Oracle Cloud ERP for financial management By Investing.com
© Reuters
RALEIGH – The State of North Carolina has transitioned to Oracle (NYSE:) Fusion Cloud Enterprise Resource Planning (ERP) to enhance the financial management of state agencies. This modernization effort aims to replace an outdated mainframe system, streamline finance processes, and improve service to over 10 million residents.
Previously struggling with a 35-year-old legacy ERP system that caused data silos and maintenance challenges, the Office of the State Controller sought to upgrade its financial operations. “Our operations were hampered by a legacy system that kept critical data in silos and required constant maintenance,” stated Clayton Darnell, chief deputy state controller. The adoption of Oracle Cloud ERP is expected to foster more efficient and agile operations across state agencies.
The implementation of Oracle Cloud ERP allows North Carolina to manage financials on a unified cloud-based suite, which is anticipated to increase productivity and enhance control mechanisms. The platform includes a range of capabilities such as financials, procurement, project management, and supply chain management. It also features Oracle Cloud Enterprise Performance Management (EPM), which simplifies complex reporting and accelerates decision-making.
Rondy Ng, executive vice president of Applications Development at Oracle, commented on the need for state agencies to adopt new technologies and maintain a culture of continuous innovation to meet the demands of constituents.
The Oracle Cloud ERP platform is designed to self-update every 90 days, providing customers with the latest technologies and enabling organizations to adapt to new business opportunities swiftly.
Deloitte, a member of the Oracle PartnerNetwork (OPN), managed the implementation process. The move to Oracle Cloud ERP by North Carolina reflects a broader trend of government entities modernizing their IT infrastructure to better serve their constituents.
This transition is based on a press release statement and represents a strategic step for North Carolina in leveraging cloud technology for state financial management. Oracle (NYSE: ORCL) is a global provider of integrated applications and secure, autonomous infrastructure within the Oracle Cloud.
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