Latest news with #OracleFusionCloudApplicationsSuite
Techday NZ
11-07-2025
- Business
- Techday NZ
Exclusive: Oracle's Meredith Rowan on embracing AI agents to boost productivity
Finance teams across Australasia are undergoing a seismic shift as AI agents become embedded in daily operations, automating transactional tasks and enabling finance professionals to play a more strategic role. This transformation is "redefining the CFO's job" and positioning finance as a core driver of enterprise decision-making. "We're in unprecedented times for CFOs," explained Meredith Rowan, Group Vice President for Applications at Oracle ANZ and ASEAN. "We've cut all the costs that can be cut. Productivity growth in Australia is at its lowest rate in sixty years at just 0.9 percent. Yet finance teams are under enormous pressure to deliver more. The only path forward is leveraging technology, particularly agentic AI, to unlock productivity and insight," she said during a recent interview. According to Rowan, the urgency for change is growing. Finance leaders are contending with increasingly complex regulations, economic volatility, and rising expectations from their organisations. Traditional cost-cutting strategies have reached their limits, and manual processes like reconciliations, variance analysis, and data integration are undermining the impact of skilled finance teams. "Many finance executives and their teams are bogged down in manual work, pulling data from multiple, often tricky sources," said Rowan. "Automating that work with AI agents saves time, improves accuracy, and critically enables real-time insights that generate future value." Unlike older automation tools that focused on single-task bots, Oracle's approach uses a network of AI agents working in tandem to orchestrate entire workflows. In Oracle Fusion Cloud Applications Suite, more than 50 embedded agents operate collaboratively to support a variety of real-world use cases across finance, HR, supply chain and more. "For example, a document AI agent can process a photo of a sales quotation, generate a requisition, fix data errors, and hand it over to a ledger agent for review, all in one seamless flow," Rowan explained. This system does more than automate. It augments the capabilities of finance professionals. "With these systems handling the heavy transactional lifting, finance professionals can focus on delivering strategic, predictive insights," she said. "Finance is moving from being a back-office function to becoming the engine room for decision-making and growth." Organisations are already seeing the impact. Rowan cited the case of a major New Zealand company whose CFO, newly promoted to CEO, made AI transformation a board-level priority. "He pulled us into a meeting with the board to ask how to use AI to do things differently, move faster, and align with business goals," she said. "The companies that lean into AI are outpacing their competitors. They're operationalising AI to create real market differentiation." Local use cases back this up. A2 Milk ran both manual and AI-driven forecasts for several quarters, and the AI forecasts were consistently more accurate. Additionally, using the AI-based Dynamic Discounting feature in Oracle Cloud ERP Hearst Corporation optimised its working capital by taking advantage of early pay discounts across 40,000 vendors. The fully automated capability helped it save hundreds of thousands of dollars and improved relationships with suppliers. "This is time that can now be reinvested into work that adds real value," said Rowan. The shift is also redefining the expectations placed on finance leaders. "CFOs are no longer just responsible for the numbers," Rowan said. "They are stepping into CEO roles, taking on market strategy, and managing risk. If we equip them with intelligent tools, they become a strategic force within the organisation." However, scaling these changes is not without challenges. Many teams are still transitioning from familiar on-premise systems to cloud-based platforms. This transition can be daunting. "Change management is a critical issue," Rowan warned. "Moving operations to the cloud and trusting an external provider to manage it well requires a leap of faith." Oracle aims to support that leap. The company invests 9 billion US dollars in research and development annually, serves governments and leading banks, and collects insights from SaaS customers worldwide. Feedback from customer councils helps Oracle refine its AI stack to reflect real-world needs. "We see it as our responsibility to educate, to lead with best practice, and to challenge customers when complexity can be replaced with proven, standardised processes," Rowan said. For organisations just beginning their AI journey, Rowan's advice is to start small. "It can be overwhelming, and the risk is getting stuck weighing too many options," she said. "Start now. Identify a repetitive process and let an AI agent take it on. Learn from the experience and bring your people along with you. It's essential to engage the workforce at every stage." As AI adoption accelerates, finance is shifting from a backward-looking discipline to a forward-focused, strategic powerhouse. "CFOs are evolving from being transactional, reporting on last year's numbers, to being transformative," said Rowan. "They are using predictive analytics and real-time data as a guide for what comes next."
Techday NZ
27-06-2025
- Business
- Techday NZ
Oracle Red Bull Racing adopts cloud suite to boost F1 operations
Oracle Red Bull Racing has chosen the Oracle Fusion Cloud Applications Suite in an effort to strengthen its finance and HR processes and support compliance with Formula One's fixed annual cost cap. The Formula One team will utilise Oracle Fusion Applications—covering finance, HR, and customer experience functionalities—to move away from manual spreadsheet-based systems, aiming to raise overall efficiency, manage costs, and provide better insights across its operations. Operational transformation Oracle Red Bull Racing has long made use of Oracle Cloud and artificial intelligence technology to guide its on-track strategies and decision-making. The latest move extends this approach to the operational side of the business, seeking to replicate sporting success through streamlined back-office processes. The team's legacy financial planning had become increasingly complex and dependent on spreadsheets, limiting visibility into business performance data. By implementing Oracle Fusion Applications, Oracle Red Bull Racing expects to merge its finance, HR, and customer experience data onto one integrated cloud-based platform. "With a fixed annual cost cap that we can't exceed, we need to make every resource go further and manage our operations as efficiently as possible. With Oracle Fusion Applications, we can take advantage of the cloud and latest advancements in predictive, generative, and agentic AI to optimize financial planning activities, accelerate business insights, and derive more value and performance from our operating budget," Matt Cadieux, Chief Information Officer at Oracle Red Bull Racing, said. AI and cloud benefits Officials say that Oracle Fusion Applications will enable the team to leverage AI-powered services for higher efficiency, faster decisions, and adaptability in an environment where response speed is crucial. Among the new tools coming online is Oracle Fusion Cloud Enterprise Performance Management (EPM)—a component of Oracle Fusion Cloud ERP. This toolset is expected to help Oracle Red Bull Racing raise visibility over business activities, refine its budgeting and planning processes, and better allocate resources according to priorities. In addition, Oracle Fusion Cloud Human Capital Management (HCM) is being brought into the team's HR activity. According to the company, the HCM system will provide granular insights into workforce performance, simplify core HR operations and payroll, streamline talent recruitment activities, and ultimately enhance the overall employee experience at the racing organisation. On the customer side, Oracle Red Bull Racing continues to rely on Oracle Fusion Cloud Customer Experience (CX). The CX solution is intended to provide a more personalised approach to fan engagement, including tailored content, exclusive rewards for members, and programming for fan loyalty. These efforts are part of the team's wider digital and audience engagement strategy. Supporting compliance and success "Speed, innovation, and efficiency are essential for success in Formula One. With Oracle Fusion Cloud Applications, Oracle Red Bull Racing will be able to embrace continuous innovation and AI-powered automation to support its finance and operations and drive even greater success on and off the track," said Steve Miranda, Executive Vice President of Applications Development at Oracle. The implementation of Oracle Fusion Cloud Applications Suite at Oracle Red Bull Racing will be managed by Oracle Consulting, while ongoing operational support will come from Oracle Customer Success Services. The Formula One team has cited the need to better control costs and efficiently manage operational spending due to the sport's strict cost cap rules. The cloud-based approach is designed to provide a consolidated view of data and operations, simplifying compliance efforts and supporting the drive for both competitive and operational gains. Oracle Red Bull Racing anticipates that the migration to Oracle Fusion Applications will aid not only in complying with financial regulations but also in improving the employee and fan experiences throughout the racing calendar.
TECHx
26-06-2025
- Automotive
- TECHx
Oracle Red Bull Racing Adopts Oracle Fusion Cloud Apps
Home » Top stories » Oracle Red Bull Racing Adopts Oracle Fusion Cloud Apps Oracle Red Bull Racing has announced its adoption of Oracle Fusion Cloud Applications Suite. The move is aimed at enhancing productivity, reducing costs, and improving both employee and fan experiences. The team will use Oracle Fusion Applications for finance, human resources, and customer experience. This integrated approach allows Oracle Red Bull Racing to manage operations more efficiently under Formula One's strict cost cap rules. The team reported that it previously relied on manual, spreadsheet-based financial planning. To address this challenge, it needed a single view of its business data. Oracle Fusion Applications now connects its finance, HR, and customer experience data on one platform. Matt Cadieux, Chief Information Officer at Oracle Red Bull Racing, stated that the team is leveraging cloud technologies and advancements in predictive, generative, and agentic AI. These tools are expected to optimize financial planning, deliver faster business insights, and improve resource utilization. Oracle Fusion Cloud Enterprise Performance Management (EPM), a component of Oracle Fusion Cloud ERP, will improve visibility, budgeting, and planning. Meanwhile, Oracle Fusion Cloud Human Capital Management (HCM) will simplify payroll and HR tasks, enhance recruitment, and generate deeper workforce insights. Additionally, the team continues to use Oracle Fusion Cloud Customer Experience (CX) to connect with fans. Features include content personalization, loyalty programs, and exclusive rewards. Steve Miranda, Executive Vice President of Applications Development at Oracle, revealed that the cloud suite will help the team drive efficiency and innovation on and off the track. Oracle Consulting will oversee the implementation Oracle Customer Success Services (CSS) will provide ongoing support Oracle Red Bull Racing emphasized the importance of speed, efficiency, and innovation to stay ahead in Formula One, both technically and operationally.
Yahoo
10-06-2025
- Business
- Yahoo
Vertex Joins Oracle's Enhanced PartnerNetwork Program
As a long-time Oracle partner, Vertex will continue to leverage Oracle technologies to drive customer success globally KING OF PRUSSIA, June 10, 2025 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) ('Vertex' or the 'Company'), a leading global provider of indirect tax solutions, today announced it has been selected to participate in Oracle's enhanced partner program at the highest level for Independent Software Vendors (ISVs). For more than 40 years, Oracle has been working closely with partners to help drive joint customer success and business momentum. By joining Oracle's newly enhanced partner program, Vertex reinforces its established Oracle-related expertise in delivering global tax automation solutions and services across industries such as retail, manufacturing, and technology. 'Participating in Oracle's enhanced partner program reinforces our commitment to delivering purpose-built global tax solutions that integrate with Oracle Fusion Cloud Applications Suite,' said Marc A. Duclos, Global Senior Director of Strategic Partnerships at Vertex. 'This collaboration enables us to better meet the evolving needs of businesses across industries through innovation, automation, and shared expertise.' Vertex offers certified integrations and specialized tax expertise; therefore, this enhanced collaboration with Oracle enables tax automation to be embedded within existing ERP workflows— helping address risk, improve accuracy and support global compliance. As Oracle and Vertex align more closely, organizations gain scalable, future-ready solutions designed to adapt to regulatory complexity and business growth. Vertex is Oracle-certified, Oracle-embedded and Oracle-aligned — and remains dedicated to supporting the modernization of ERP systems. As part of Oracle's Enhanced PartnerNetwork program, Vertex has opportunities to achieve Oracle Expertise, which can help validate its skills and capabilities around specific products, services, industries, and geographies. Oracle Expertise is achieved by meeting a series of qualifiers that underscore the potential impact to customer success. For more information about the Vertex and Oracle partnership, visit our partner page. About VertexVertex, Inc. is a leading global provider of indirect tax solutions. The Company's mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex empowers the world's leading brands to simplify the complexity of continuous compliance. For more information, visit or follow us on X and LinkedIn. COPYRIGHT © 2025 VERTEX, INC. ALL RIGHTS RESERVED. THE INFORMATION CONTAINED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY, MAY CHANGE AT ANY TIME IN THE FUTURE, AND IS NOT LEGAL OR TAX ADVICE. About Oracle's Partner ProgramOracle's partner program helps Oracle and its partners drive joint customer success and business momentum. The newly enhanced program provides partners with choice and flexibility, offering several program pathways and a robust range of foundational benefits spanning training and enablement, go-to-market collaboration, technical accelerators, and success support. To learn more, visit TrademarkOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Vertex Company Contact:Rachel Litcofsky Manager, Public Relations mediainquiries@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Nayya Now Available on Oracle Cloud Marketplace
NEW YORK, May 13, 2025 /PRNewswire/ -- Nayya, a leading provider of benefits experience platforms and an Oracle partner, today announced their AI-driven benefits guidance platform is available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM). Oracle Cloud Marketplace is a centralized repository of enterprise applications offered by Oracle and Oracle partners. Nayya's benefits guidance platform enables a streamlined, user-friendly experience that intelligently matches employees with personalized benefits recommendations. Powered by Nayya's employee data platform and proprietary AI, the solution provides highly tailored guidance based on each user's unique health and financial needs. Nayya is leveraging AI to drive smarter, more efficient solutions that empower employees to make informed benefits decisions and enhance their overall well-being. Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications and services that offer unique solutions. "This is a pivotal moment for Nayya, as we partner with an industry leader like Oracle. Our availability on Oracle Cloud Marketplace strengthens our mission to integrate HR processes and connect people across enterprises," said George Michaels, Chief Revenue Officer, Nayya. "Nayya's participation in Oracle Cloud Marketplace further extends our commitment to the Oracle community and enables customers to easily reap the value of our benefits guidance platform. We look forward to leveraging the power of Oracle Fusion Cloud Applications to help us achieve our business goals." Part of Oracle Fusion Cloud Applications Suite, Oracle Cloud HCM is a complete solution connecting every human resource process from hire to retire across an organization with a native employee experience platform and embedded AI capabilities. By connecting all people, work, and skills data on a single platform, HR teams have access to a single source of truth to help inform their people strategy. In addition, embedded AI acts as an advisor to help analyze workforce data, generate content, and augment or automate processes to help improve business operations. "Our collaboration with Nayya will empower employees with improved benefits recommendations and decision making, and personalized wellness," said Setu Shah, director, HCM product strategy, Oracle. "Together, Oracle and Nayya will help customers prioritize employee wellbeing, achieve higher utilization by maximizing their benefits package, and foster a more engaged workforce." For additional information about Nayya and this partnership, visit About Nayya: Founded in 2019, Nayya is on a mission to connect people's most important information, so they can thrive in their health and wealth. Powered by AI and advanced analytics, Nayya's platform transforms complex benefits experiences into intuitive, seamless, and ongoing interactions— meeting people's real world needs. As a trusted platform and partner to leading employers, benefits solutions, and HR tech providers, Nayya unlocks long-term value through helping employees live more resilient lives. Backed by strategic investors like ICONIQ, Felicis Ventures, SemperVirens, Workday Ventures, MetLife Nextgen Ventures, and ADP Ventures, Nayya is ushering in the future of health and wealth for all. Learn more at About Oracle's Partner ProgramOracle's partner program helps Oracle and its partners drive joint customer success and business momentum. The newly enhanced program provides partners with choice and flexibility, offering several program pathways and a robust range of foundational benefits spanning training and enablement, go-to-market collaboration, technical accelerators, and success support. To learn more, visit TrademarkOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Contact:press@ View original content to download multimedia: SOURCE Nayya
