PwC standardizes global finance operations on Oracle Cloud ERP

LAS VEGAS - PwC announced Wednesday it has expanded its adoption of Oracle Fusion Cloud Enterprise Resource Planning (ERP) across its global network of firms. Oracle, with a market capitalization of $852 billion and annual revenue of $59 billion, has established itself as a prominent player in the enterprise software industry. According to InvestingPro data, the company has demonstrated strong growth with a 9.67% increase in revenue over the last twelve months.

The multinational professional services network is implementing Oracle Cloud ERP to standardize financial operations across its member firms, leveraging embedded artificial intelligence capabilities to strengthen financial controls and streamline reporting processes. This implementation comes as Oracle’s stock has shown remarkable performance, with an 81.21% year-to-date return, reflecting strong market confidence in its cloud and AI initiatives.

"By standardizing our finance operations on Oracle Cloud ERP and deploying new embedded generative and agentic AI capabilities, we’re able to simplify reporting, strengthen financial controls, and gain faster insights across our network," said Neil Wilson, PwC Partner jointly leading ERP internal deployments.

According to the announcement, PwC is utilizing Oracle Cloud ERP’s document IO agent and AI-powered narrative reporting capabilities to automate document handling across financial processes, which aims to accelerate financial insights and decision-making.

Building on this implementation, PwC and Oracle stated they are co-developing new tools, accelerators, and methodologies to extend similar benefits to clients. This collaboration combines PwC’s experience as an Oracle Cloud ERP customer with Oracle’s AI capabilities.

"With Oracle Cloud ERP, PwC has been able to standardize global processes on a single cloud platform and embrace the latest innovations in predictive, generative, and agentic AI," said Rondy Ng, executive vice president of Applications Development at Oracle.

Oracle reports that approximately 11,000 organizations across various industries currently use its Cloud ERP applications.

The announcement was made at Oracle AI World in Las Vegas, based on a company press release. For investors seeking deeper insights into Oracle’s valuation and growth prospects, InvestingPro offers comprehensive analysis through its Pro Research Report, one of 1,400+ detailed company analyses available to subscribers. Based on InvestingPro’s Fair Value analysis, Oracle currently trades above its estimated Fair Value, suggesting investors should carefully consider entry points.

In other recent news, Oracle has made significant strides with multiple announcements. The company introduced new networking capabilities in its Oracle Acceleron suite, aimed at enhancing performance and availability for Oracle Cloud Infrastructure (OCI) users without additional costs. Several AI startups, including Baseten and Tensor, have opted for Oracle Cloud Infrastructure to support their AI workloads, benefiting from the platform’s high-performance storage and flexible compute options. Oracle also unveiled its AI Data Platform, designed to securely integrate generative AI models with enterprise data, leveraging Oracle’s cloud and database technologies.

Additionally, Oracle announced the OCI Zettascale10, a next-generation AI supercomputer boasting up to 16 zettaFLOPS of peak performance, marking it as a significant development in cloud-based AI computing. The company further expanded its collaboration with Google Cloud, introducing new services for their Oracle Database@Google Cloud offering, now available in eight Google Cloud regions. This expansion includes the Oracle Autonomous AI Lakehouse and other database services, providing customers enhanced options for utilizing Oracle’s technologies. These developments highlight Oracle’s ongoing efforts to strengthen its cloud infrastructure and AI capabilities.

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