Through the contract, Rutgers is taking a “cloud first” approach, and investing in some of Oracle’s Cloud Applications.
The university will also use Oracle Cloud Platform as a Service to integrate and extend current IT systems with these Cloud-based technologies.
According to a statement by Oracle, Rutgers plans on using the Oracle solutions to:
1. Eliminate redundant systems and streamline business processes
2. Create a consolidated, single Cloud-based HCM and payroll system for faculty, staff and student employees
3. Streamline current manual and ad-hoc external and internal budget book reporting processes by bringing together data plus narrative in a single, secure, collaborative reporting environment by adopting Oracle Enterprise Performance Reporting Cloud
4. Reduce IT complexity and costs by eliminating the initial and ongoing costs of purchasing, building out, and upgrading its IT infrastructure, while reducing its data center footprint and IT burden
“As Rutgers University embarks on this unique transformation project, Oracle ERP Cloud, Oracle EPM Cloud, and Oracle HCM Cloud collectively enable it to innovate faster, increase productivity, and lower costs,” said Jeff Henley, vice chairman of the board, Oracle, in a previous statement. “With the comprehensive, integrated portfolio of platform services, Rutgers can better meet the evolving needs of its students, faculty, and staff.”