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Oracle Cloud Federal Financials Curates Efficiency for The National Gallery of Art

1. National Gallery of Art selects Oracle Cloud ERP to optimize financial processes. 2. Oracle Cloud Federal Financials enhances decision-making and operational agility. 3. The museum aims to improve resource allocation while meeting data security requirements. 4. Oracle's solution automates financial operations and integrates AI capabilities. 5. More than 10,000 organizations utilize Oracle Cloud ERP globally.

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Why Bullish?

The selection of Oracle by a prestigious institution like the National Gallery can enhance Oracle's reputation and sales pipeline, potentially leading to increased revenue and stock price performance. Historical instances, such as Oracle securing major contracts, have typically resulted in positive market responses due to heightened investor confidence.

How important is it?

The importance score reflects the contract's potential to elevate Oracle's profile in the public sector, highlighting its capabilities in strategic partnerships and advancing its market share.

Why Long Term?

The contract may bolster long-term growth as it demonstrates Oracle's capability in securing government contracts. Similar previous deals with government entities have positively contributed to Oracle’s market position over time.

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One of the largest museums in North America selects Oracle to optimize finance processes, enhance decision-making, and take advantage of the latest advancements in AI , /PRNewswire/ -- Oracle Federal Forum -- The National Gallery of Art, one of the world's preeminent art museums, has selected Oracle Cloud Federal Financials, a purpose-built solution in Oracle Fusion Cloud Enterprise Resource Planning (ERP), to support its mission to welcome all people to explore and experience art, creativity, and our shared humanity. With Oracle Cloud Federal Financials, the National Gallery of Art can accelerate financial processes, increase efficiency, improve resource allocation, and enhance decision-making, while addressing federal data security requirements as it continues to deliver world-class programs and exhibitions for its growing audience. Established in 1937 as a unique public-private institution, the National Gallery of Art is a center of visual art, education, and culture. It attracts nearly four million people each year, and its collection includes over 160,000 works of art, including paintings, drawings, prints, photographs, sculptures, decorative arts, and new media. This effort to modernize finance operations will help drive new efficiencies and improve decision-making, supporting the museum's continued growth and expansion of its in-person and digital audiences. "This implementation brings the best-in-class cloud ERP that is used by most of the Fortune 500 companies to the U.S. government for the first time and enables us to put the power of data into the hands of our employees to help them make better decisions," said William McClure, Treasurer of the National Gallery.  "Oracle Cloud Federal Financials will help us to establish a more secure and user-friendly financial system, drive operational agility, and maximize the efficient use of donor and taxpayer dollars as we continue to grow our audience and serve the nation." With Oracle Cloud Federal Financials, the National Gallery of Art can access a single, integrated financial management solution that meets federal budgetary accounting requirements and aligns with the U.S. Government's Cloud Smart Strategy while simultaneously meeting the private, not-for-profit financial reporting requirements of the National Gallery of Art. In addition, this FEDRAMP-certified solution enables the National Gallery of Art to automate financial operations, enhance the user experience, improve workforce productivity, help reduce risk, address compliance and audit requirements, and leverage embedded AI capabilities to help increase the speed and accuracy of financial processes. "To create value and support effective programs and services, federal entities need purpose-built solutions that meet federal financial management requirements and help unlock new levels of efficiency," said Rondy Ng, executive vice president of Applications Development, Oracle. "With Oracle Cloud Federal Financials, the National Gallery of Art can embrace automation, take advantage of embedded AI to optimize financial operations, and enhance business insights as it continues to serve the nation and uphold its longstanding commitment to artistic excellence." More than 10,000 organizations, across public and private sectors, turn to Oracle Cloud ERP to run their businesses. Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, supply chain management & manufacturing, and Oracle B2B, which revolutionizes the way organizations transact, pay, finance, and ship sustainably across the globe. About the National Gallery of ArtThe National Gallery of Art welcomes all people to explore art, creativity, and our shared humanity. Nearly four million people come through its doors each year—with millions more online—making it one of the most visited art museums in the world. The National Gallery's renowned collection includes over 160,000 works of art, from the ancient world to today. Admission to the West and East Buildings, Sculpture Garden, special exhibitions, and public programs is always free. 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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