Friday, January 12, 2024

Oracle EPM Cloud updates and What they mean ?

What Are Oracle Updates?

Oracle Cloud Apps are a widely used suite of enterprise applications. Available as SaaS (software-as-a-service), these apps streamline essential business functions, including Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Human Capital Management (HCM). Oracle works on the principle of continuous innovation, constantly unveiling new features, functionalities, bug fixes, and enhancements. 

These new updates are called Oracle releases, updates, or upgrades.  

Oracle Updates Release Cycle

Oracle Cloud follows a systematic quarterly update schedule, with each update being assigned a sequential name. 

The update for the first quarter of 2023 is referred to as 23A, the update for the second quarter as 23B, the update for the third quarter as 23C, and the Oracle release update for the fourth quarter as 23D. 

It’s important to note that these updates are staggered at different times, so various companies are in-process of upgrading at different stages. 

You may be finalizing 23B while the company next door works on 23C. 

Companies choose from three cycles of quarterly updates:

  • January/April/July/October
  • February/ May/ August/ November
  • March/ June/ September/ December

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