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Oracle News

#1 Cloud ERP to help credit union expand and streamline operations as a part of its digital evolution

Meridian, Canada's second largest credit union and the largest in Ontario, has selected Oracle NetSuite to help modernize and streamline its business practices to better serve its Members. With NetSuite, Meridian will be able to take advantage of an efficient integrated financial system to support its growth and ongoing digital transformation.

Meridian has $28.5 billion in assets under management and offers a full range of banking products and services for saving, borrowing, investing, online and mobile banking, wealth management, and business banking to its 365,000 members with 90 branches in Ontario.

Oracle and Microsoft are continuing their quest to make their respective cloud services easier for joint customers to deploy and manage, as noted in a recent Wall Street Journal article.

Their latest stride in this direction is the new Oracle Database Service for Microsoft Azure which lets Microsoft Azure customers run and manage Oracle databases running on Oracle Cloud Infrastructure (OCI). The service was announced Wednesday in a virtual keynote by Microsoft CEO Satya Nadella and Oracle co-founder and CTO Larry Ellison.

'Customers are very excited about this because customers like choices. Now you have choices,' Ellison said.

Oracle Fusion Sales provides sellers with AI-powered recommendations and guided steps to close deals faster

Oracle announced the next generation of Oracle Fusion Sales, a sales automation application that identifies high-quality sales opportunities and guides sellers to close deals faster. Part of Oracle Fusion Cloud Customer Experience (CX) and powered by artificial intelligence (AI), Fusion Sales automatically provides sellers with quotes, proposals, and recommended steps to help them increase productivity, close more deals, and instill confidence among buyers.

Nearly one third of sellers struggle to close deals and meet quotas, according to a recent study conducted by CRM analyst firm Beagle Research Group in partnership with Oracle.

Strong natural language capabilities, open semantic layer, and extensive customer support ecosystem noted as key strengths of Oracle Analytics

Oracle announced that it has been recognized as a Leader in the IDC MarketScape: U.S. Business Intelligence and Analytics Platforms 2022 Vendor Assessment. This IDC MarketScape includes 16 select business intelligence and analytics (BIA) platform providers. Represented by Oracle Analytics Cloud (OAC) and Oracle Analytics Server (OAS), Oracle Analytics placed among the top platforms in the current BIA offering category.

'Oracle's innovation in AI-based automation across the entire analytics and business intelligence continuum accelerates insights, recommendations, and actions that help improve outcomes throughout the enterprise,' said Dan Vesset, group vice president of Analytics and Information Management market research, IDC.

Oracle Fusion Cloud ERP positioned as highest in 'Ability to Execute' and furthest on 'Completeness of Vision' in service-centric cloud ERP market analysis

Oracle has been named a Leader in the 2022 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises for Oracle Fusion Cloud Enterprise Resource Planning (ERP). The Magic Quadrant, which evaluated 10 providers, recognized Oracle as a Leader for its 'Ability to Execute' and 'Completeness of Vision'. A complimentary copy of the report is available here.

According to the Magic Quadrant for Cloud ERP for Service-Centric Enterprises report, 'Leaders demonstrate a market-defining vision of how service-centric ERP systems and processes can be supported and improved by moving them to the cloud. They couple this with a clear Ability to Execute this vision through products, services, and go-to-market strategies.'

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