Oracle Red Bull Racing Adopts Oracle Fusion Cloud to Boost Efficiency

Oracle Corporation (NYSE:ORCL) is one of the best software infrastructure stocks to invest in. On June 26, Oracle Red Bull Racing, which is the six-time world champion Formula One team, announced its adoption of the Oracle Fusion Cloud Applications Suite. This aims to accelerate operations by migrating finance and HR processes to the cloud, thereby increasing efficiency, reducing costs, and supporting compliance with Formula One’s fixed annual cost cap.

Previously relying on manual and spreadsheet-based financial planning, Oracle Red Bull Racing needed a unified view of its business data. The Oracle Fusion Cloud Applications Suite will connect finance, HR, and customer experience data on a single integrated cloud platform.

Oracle Red Bull Racing Adopts Oracle Fusion Cloud to Boost Efficiency

A team of IT professionals meticulously crafting a large-scale enterprise performance management system.

Some key components include the Oracle Fusion Cloud Enterprise Performance Management/EPM, which is part of Oracle Fusion Cloud Enterprise Resource Planning/ERP, and will enhance visibility, optimize planning & budgeting, and improve resource allocation. Oracle Fusion Cloud Human Capital Management/HCM will provide more detailed workforce insights, simplify HR processes & payroll, streamline talent recruitment, and boost the employee experience. The team already utilizes Oracle Fusion Cloud Customer Experience/CX to engage with fans through personalized content, members-only rewards, and a sophisticated loyalty program.

Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.