Have you heard of Oracle Modern Best Practice? It’s actually not a new thing, Oracle have been talking about it for nearly 10 years, but with the introduction of the amazing tool Cloud Success Navigator, Oracle Modern Best Practice (OMBP) is now taking centre stage! Oracle have created OMBPs for Cloud Fusion products for the first time and they will prove invaluable.
So what are OMBPs? They are common business processes that Oracle have optimised to improve the performance of applications using the latest technology. Oracle have done thousands of implementations and have taken learnings from both the successful and unsuccessful ones. These learnings have been analysed by Oracle experts to put together their OMBPs and related process flows. These flows incorporate scalable and efficient practices which empower the business’ process owners which will, in turn, produce improved results. Oracle are constantly evolving their Fusion product and as such, the OMBPs are also evolving. OMBPs can be used to educate users; demonstrate business processes; help to plan an adoption path and structure the scope of an implementation.
So what is included in an OMBP process flow? They incorporate all of the required steps within the process. Often users can miss a step as they don’t appreciate the criticality of it and this will prevent this from happening. My favourite part of the OMBPs are the recommendations on analytics that provide organisations with key metrics that they might not have been aware of. Analytics help organisations to monitor performance of specific areas of the business and gain a better understanding which will help with decision making. Additionally the OMBPs incorporate AI and Machine Learning. The processes incorporate innovations which aim to automate processes and help organisations make faster decisions.
OMBPs are currently available for the majority of an organisation’s processes. These include ERP, EPM, HCM, SCM and CX. Additionally there are industry specific OMBPs, including Banking, Healthcare, Higher Education, Insurance, Public Sector, Utilities and Retail.
So why should you care? Organisations always ask me, ‘What is the Best Practice?’. The introduction of OMBPs enable organisations to have access to this information at their fingertips, without needing to search for it. This will ensure your organisation is using the latest functionality with the greatest efficiency. Cloud Success Navigator incorporating Oracle Modern Best Practice within the tool will make this even easier. Please check on my blog on Cloud Success Navigator here, for more details.
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K8 Mead 