By Margaret Harrist, Director, Content Strategy and Implementation
Closing the books in 12 days or less. Cutting the time for talent reviews by more than 70%. These are the kind of concrete benefits Oracle is getting from using its own cloud applications, benefits that CEO Safra Catz described on the company’s second-quarter earnings call on December 12.
The move to cloud applications and infrastructure has put the company on a path of ever-increasing efficiency, using the new capabilities and intelligent automation to continuously simplify its business model and processes. In turn, Catz said she expects the company’s revenue growth rates and its efficiency to increase.
Plus, Oracle and its customers are seeing another big bonus. “Though we have thousands of customers and references, our own experience adopting Oracle Cloud applications and infrastructure allows us to serve as a unique and knowledgeable advisor to organizations that want to know how to go about their own digital transformation,” Catz said.
Catz listed some of the specific benefits Oracle has realized to date:
Finance efficiencies. “With Oracle ERP Cloud, we are now able to close our books and report earnings in 12 days or less—while many companies don’t report their results for weeks,” Catz