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Engineering and Construction Companies Lay the Groundwork for Growth and Innovation with Oracle Fusion Cloud Applications

1. Engineering firms adopt Oracle Fusion Cloud to enhance productivity. 2. Companies standardize finance, HR, and supply chain processes using Oracle's platform. 3. Oracle Fusion Applications improve operational efficiency through embedded AI capabilities. 4. The platform helps businesses manage costs and regulatory compliance more effectively. 5. Four major companies report operational improvements post-transition to Oracle's applications.

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Why Bullish?

Wide adoption of Oracle's AI-driven cloud applications indicates strong demand, potentially boosting ORCL revenue. Historical trends show similar patterns of profitability following significant enterprise adoption of Oracle solutions.

How important is it?

The article highlights significant client relationships and product effectiveness, portraying Oracle as a leader in cloud solutions that directly suggests potential stock performance improvements.

Why Long Term?

The integration of Oracle cloud applications signifies ongoing shifts in enterprise infrastructure, suggesting sustained revenue growth over time. Similar past transitions in major sectors have resulted in steady financial improvement for Oracle.

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Black & Veatch, Mortenson, Pike Corporation, and WSP Global transform business processes with the latest AI capabilities in the cloud , /PRNewswire/ -- Leading engineering and construction companies are turning to Oracle Fusion Cloud Applications Suite to help increase productivity, reduce costs, and enhance the employee and customer experience. With Oracle Fusion Applications, Black & Veatch, Mortenson, Pike Corporation, and WSP Global have been able to standardize finance, HR, supply chain, and customer experience data on an integrated cloud platform, access continuous innovation, and embrace the latest AI innovations to improve efficiency.   "To help manage costs, streamline regulatory compliance tasks, and improve the employee and customer experience, engineering and construction companies need fast, accurate, and touchless processes," said Rondy Ng, executive vice president of applications development, Oracle. "Inspired by direct input from our customer community, Oracle Fusion Applications gives engineering and construction companies the ability to leverage embedded AI to connect actions across all lines of business, improve the speed and accuracy of operations, and deliver projects on time and under budget." Pike Corporation drives finance, HR, and supply chain efficiency in the cloudTo support its mission to provide energy solutions safely, efficiently, and with integrity, Pike Corporation – one of the largest providers of energy and turnkey infrastructure solutions for electric and gas utilities in the U.S.– needed to simplify key business processes, streamline M&A integrations, and reduce the amount of time its employees spend on manual tasks. "The size of our business quadrupled within the span of five years. Our legacy applications could not keep pace with the speed of change, were costly to maintain, and required a lot of manual effort," said Richard Wimmer, chief financial officer, Pike Corporation. "With Oracle Fusion Applications, we've been able to improve the speed and accuracy of business operations, accelerate our financial close process, and drive real-time decisions as we continue to expand and better serve our customers." Black & Veatch consolidates finance, planning, and HR in the cloudTo support its mission to build the world's sustainable infrastructure, Black & Veatch – a 100 percent employee-owned global consulting, engineering, procurement, and construction company – needed to consolidate its finance, planning, and HR systems and simplify operations. "Our on-premises systems limited visibility into critical data and prevented us from quickly adapting to changes in our business," said Michael Williams, chief financial officer, Black & Veatch. "With Oracle Fusion Applications, we've been able to improve efficiency, expand insights, and better address client needs by standardizing business operations on a single platform with new embedded AI capabilities." Mortenson aligns finance, HR, and supply chain in the cloudTo support its mission to build for the greater good and provide superior solutions to its customers, Mortenson – a U.S.-based builder, EPC, and real estate developer – needed an integrated business system to expand insights and help facilitate cross-functional collaboration. "Our legacy systems did not effectively connect business processes, which made it difficult to access accurate insights related to spending, risk, projects, and talent," said Lois Martin, chief financial officer, Mortenson. "Oracle Fusion Applications Suite has enabled us to rationalize 220 applications across 60+ entities and integrate finance, HR, and procurement processes. By standardizing key processes on a single platform, we have been able to connect actions across lines of business, improve agility, and better compete for projects in new markets." WSP Global unites finance, HR, supply chain, and customer experience in the cloudTo support its mission to create positive, long-lasting impacts on the communities it serves, WSP Global – one of the world's leading engineering and professional services firms – needed a new business platform aimed at continuously enhancing productivity and efficiency while reducing costs. "The Oracle platform has provided us with the opportunity to enhance our ability to access real-time insights and achieve the visibility we needed across all of our business," said Chadi Habib, Chief Technology Officer, WSP Global. "The current deployment of the Oracle Applications Suite has already begun to advance our business insights. We are confident that this solution will help enhance our operations over time, enabling unified and streamlined processes across our business. Ultimately, this transformation aims to deliver added value for our clients." Oracle Fusion Cloud Applications Suite includes: Oracle Fusion Cloud Enterprise Resource Planning (ERP) Oracle Fusion Cloud Enterprise Performance Management (EPM) Oracle Fusion Cloud Project Management (PPM) Oracle Fusion Cloud Human Capital Management (HCM) Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) Oracle Fusion Cloud Customer Experience (CX) To learn more about Oracle Fusion Applications Suite, please visit: oracle.com/applications About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com. TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company – ushering in the new era of cloud computing. SOURCE Oracle WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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