CIYIS Blog Posts
Oracle lands part of BofA as ERP “hybrid” customer
June 29, 2017 | Cloud Computing, Enterprise Systems, Oracle
Oracle has landed a big customer, Bank of America, for part of its enterprise resource planning and financial planning software, the company announced Monday.
Source: Oracle lands part of BofA as ERP customer
Oracle’s cloud offering is expanding to the financial sector, landing a major client such as Bank of America is a huge accomplishment. This deal seems to be a hybrid setup where the hardware sits on Bank of America’s site due to concerns and regulations around security and privacy while Oracle’s resources such as the Oracle Fusion software and people are leveraged, similar to a cloud offering. These hybrid scenarios are just one of the few innovative approaches clients and technology partners are bridging the gap to provide solutions for the clients in industries such as the financial services and public sector.
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