Is It Time to Migrate from PeopleSoft? Assessing Your ERP Future After Rimini Street

Managing business operations has become easier with Enterprise Resource Planning. For many years, PeopleSoft has been the trusted name in ERP.

However, Rimini Street, which offered third-party support for PeopleSoft, has winded down Oracle PeopleSoft Support, leaving PeopleSoft customers at a dead end. One of the best alternatives for PeopleSoft customers is to move to other platforms like Oracle Cloud. But, many organizations will wonder if it is time to migrate from PeopleSoft to another ERP solution.

In this blog, we will explore the factors influencing the decision to migrate from PeopleSoft, the impact of third-party support from Rimini Street, and the benefits of other cloud-based ERP systems like Oracle Cloud.

The Legacy of PeopleSoft

PeopleSoft has been a reliable ERP system, on which organizations have been trusting. It comes with various tools that help maintain human resources, finances, and supply chains. Most companies have chosen PeopleSoft as it is strongly developed, flexible, and customizable.

Since PeopleSoft is hosted on-premise servers, it takes a lot of hardware with maintenance and support, which tends to be pretty costly. Many companies are moving to cloud-based solutions, not only affordable but easier to maintain. Therefore, Oracle Cloud will be the best option for growing your business and reducing your IT costs. Now, the tough decision is to stick with PeopleSoft or migrate to another cloud-based ERP system.

Why Consider Cloud Migration?

Let’s discover the reasons for choosing Cloud Migration.

Cloud Innovation and Flexibility

The key reason for migrating to cloud platforms is the advancement of technology. Platforms such as Oracle Cloud offer the benefits of Artificial Intelligence. It provides automatic updates, advanced analytics, and AI-driven insights that help run business operations more efficiently.

Unlike legacy systems like PeopleSoft, Oracle Cloud can easily scale resources as needed. It helps businesses with flexible solutions that support quick decision-making and continuous innovation.

Cost Efficiency and Lower Maintenance

You can eliminate the need for expensive hardware and minimize IT maintenance costs. Instead of managing aging infrastructure, you can get the benefits of regular updates, security patches, and system improvements with Oracle Cloud. It helps with a predictable budget and minimizes the financial burden of managing ERP systems.

Robust Security and Compliance

Strong security features of Oracle provide data encryption, real-time monitoring, and compliance with important regulations like GDPR and HIPAA. Instead of manual updates and in-house support, Oracle Cloud ensures to provide better protection against security threats with minimal effort required from the IT team.

Remote Access and Mobility

Oracle Cloud provides remote work flexibility, which means you can access the system from anywhere, on any device. This flexibility helps to increase productivity and streamline business operations, especially for organizations with teams spread across different locations. The powerful PeopleSoft lacks the seamless remote access that comes with cloud solutions like Oracle Cloud.

Future-Proof Business

Oracle Cloud offers an adaptable infrastructure that grows with technological changes. It makes use of high-tech technologies like AI and Machine Learning, which further helps in increasing the pace of decision-making and enhancing overall efficiency and innovation. You will also benefit from the cutting-edge technologies in Oracle Cloud, probably not possible in PeopleSoft.

Oracle Cloud: The Next Step in ERP Evolution?

For organizations considering migration, Oracle Cloud offers a comprehensive and future-proof ERP solution. Oracle Cloud incorporates all the features available in PeopleSoft and adds more advanced services such as AI-powered analytics, real-time data processing, and solutions for specific industries.

With Oracle Cloud Infrastructure, repetitive tasks could be automated, and as a result, operational costs could be reduced with built-in security and seamless integration across business functions. Oracle Cloud is all set to handle scalability for businesses that expect growth or want to transform their business in a very short time.

The Future of ERP is in the Cloud

The migration from PeopleSoft to Oracle Cloud ERP will offer advantages in terms of innovation, cost-effectiveness, and scalability. Ultimately, the decision to move forward would be a call based on your business's long-term outlook, current IT capability, and change adaptability.

Nowadays, cloud-based ERP systems are increasingly helping organizations be competent in the technological world. The question is no more whether to migrate but when is the right time to do so. If your business focuses on agility, security, and developments from the future point of view, then this may be the right time to shift from PeopleSoft to Oracle Cloud.

Astute Business Solutions is an ex-PeopleSoft consultant, Oracle Cloud services partner, and trusted advisor who will help you with seamless cloud migration and PeopleSoft services for better management.