Oracle opens up ERP app platform, updates Fusion Cloud offerings

Oracle on Wednesday said that it is opening up its ERP applications platform to customer developers and partners, unveiled new B2B commerce services, and announced a variety of additions to its enterprise planning management (EPM), supply chain management (SCM) and human capital management (HCM) Fusion Cloud offerings. The updates, which were announced at the company's ongoing CloudWorld 2022 conference, are meant to not only to enhance its ERP offerings for customers, but also compete with rivals such as Microsoft, SAP, Infor and IFS. These announcements come at a time when competition in the ERP market is heating up. By 2024, at least 50% of existing customers of large ERP vendors will evaluate multiple vendors, rather than automatically adopt the latest version of their incumbent ERP suite, according to a Gartner report. Oracle's Fusion Cloud service, the market research firm noted, is targeted toward upper-midsize and large enterprises.