Oceaneering Taps Oracle Fusion Cloud Applications' Embedded AI to Propel Growth
Rhea-AI Summary
Oceaneering International, a global provider of engineered services and robotic solutions, has selected Oracle Fusion Cloud Applications Suite to modernize its operations. The implementation aims to enhance efficiency, reduce costs, and improve employee experience through AI-powered applications managing finance, HR, and supply chain processes.
The company will implement Oracle Fusion Cloud Enterprise Resource Planning (ERP) to automate finance and project management, Oracle Fusion Cloud Human Capital Management (HCM) to optimize HR operations, and Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) to create a more resilient supply chain. The implementation will be managed by Deloitte, an Oracle PartnerNetwork partner.
According to Rod Larson, Oceaneering's President and CEO, the company's existing enterprise systems weren't keeping pace with their operational needs. The new platform is expected to enable faster decision-making and collaboration while allowing teams to focus on innovation and customer service.
Positive
- Implementation of integrated AI-powered cloud applications expected to increase productivity and reduce costs
- Standardization of processes across finance, HR, and supply chain operations on a single platform
- Automation of finance and project management processes to improve controls and mitigate risk
- Enhancement of global workforce management and employee experience
Negative
- Current enterprise systems acknowledged as inadequate for operational needs
- Significant organizational change and implementation costs implied with new system adoption
Insights
This enterprise deal marks a strategic win for Oracle in the industrial sector, particularly significant as Oceaneering operates across critical industries including offshore energy, defense and aerospace. The comprehensive nature of the implementation - spanning ERP, HCM and SCM - typically represents a multi-million dollar contract value for Oracle, with recurring revenue through cloud subscriptions.
The timing is particularly advantageous as it showcases Oracle's embedded AI capabilities in enterprise applications, a key differentiator in the highly competitive enterprise software market. This positions Oracle strongly against competitors like SAP and Workday, especially in the industrial sector where AI-driven operational efficiency is becoming crucial.
For investors, three key aspects deserve attention:
- The deal reinforces Oracle's successful transition to cloud services, particularly important as cloud revenue carries higher margins than traditional software licenses
- The selection of Deloitte as implementation partner indicates a complex, large-scale deployment that typically generates significant implementation revenue and long-term client commitment
- Oceaneering's diverse industry presence provides Oracle with valuable references for similar digital transformation projects in the energy and defense sectors
The broader market implication is clear: traditional industrial companies are accelerating their digital transformation initiatives, with AI capabilities now a important decision factor. This trend plays into Oracle's strengths in integrated enterprise solutions and could drive increased demand for its Fusion Cloud Applications Suite.
Global leader in subsea engineering and applied technologies selects Oracle Fusion Applications to standardize processes, expand insights, and increase efficiency
Oceaneering is a global technology delivery company supporting clients across industries such as offshore energy, defense, and industrial robotics. With diverse business lines that have grown through cross-industry applications of technology and collaborative innovation, Oceaneering needed an integrated platform to enable its teams to work more efficiently, productively, and seamlessly to achieve its growth plans. After a thorough evaluation, it selected Oracle Fusion Applications to enable AI-powered finance, HR, and supply chain capabilities as it continues to scale.
"At Oceaneering, our greatest strength lies in our people and their ability to apply proven technology in pioneering ways to solve our customers' most complex problems," said Rod Larson, President and Chief Executive Officer, Oceaneering. "Our existing enterprise systems and processes weren't keeping pace with how our teams wanted—and needed—to work. By implementing Oracle Fusion Applications, we're providing our team with an advanced platform that enhances efficiency, expands insights, and enables faster decision-making and collaboration. This empowers our people to focus on what they do best—innovating for the future, taking care of our customers, and supporting each other."
With Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oceaneering can automate finance and project management processes to help increase productivity, reduce costs, mitigate risk, and improve controls. Oracle Fusion Cloud Human Capital Management (HCM) will help optimize HR operations to improve the employee experience, expand workforce insights, and enhance global workforce management. Finally, Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) will help Oceaneering increase efficiency, reduce costs, and create a more resilient supply chain.
"Oceaneering thrives on solving complex problems and has applied its rigorous engineering methodology to its own organization to ensure its core business systems can support growth plans," said Steve Miranda, Executive Vice President, Applications Development, Oracle. "With Oracle Fusion Applications, Oceaneering will be able to standardize on a single platform, apply automation, and leverage the latest AI innovations to improve insights and efficiency, increase employee engagement, and future-proof its growing business."
The implementation will be managed by Oracle PartnerNetwork (OPN) partner, Deloitte.
Oracle Fusion Applications Suite enables organizations to take advantage of the cloud and the latest advancements in predictive, generative, and agentic AI to break down organizational silos, standardize processes, and manage finance, HR, supply chain, and customer experience data on a single integrated cloud platform. To learn more about Oracle Fusion Applications Suite, please visit: oracle.com/applications
About Oceaneering
Oceaneering International, Inc. is a global technology company delivering engineered services and products and robotics solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit www.oceaneering.com.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
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SOURCE Oracle
FAQ
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