Oracle Cloud Federal Financials Curates Efficiency for The National Gallery of Art

Rhea-AI Summary

The National Gallery of Art has selected Oracle Cloud Federal Financials, part of Oracle Fusion Cloud ERP, to modernize its financial operations. The museum, which attracts nearly 4 million visitors annually and houses over 160,000 works of art, aims to enhance its financial processes and decision-making capabilities.

This implementation marks the first time the Fortune 500-preferred cloud ERP system will be used in U.S. government operations. The FEDRAMP-certified solution will provide the National Gallery with automated financial operations, enhanced user experience, and embedded AI capabilities to improve process accuracy and speed.

The integrated financial management solution meets both federal budgetary accounting requirements and private, not-for-profit financial reporting needs, aligning with the U.S. Government's Cloud Smart Strategy. This modernization effort will support the museum's growth and expansion of both in-person and digital audiences.

Positive

• First implementation of Oracle's Fortune 500-level cloud ERP in U.S. government operations
• FEDRAMP certification ensures compliance with federal security requirements
• AI-powered automation capabilities to improve financial process efficiency
• Dual compatibility with federal and private sector reporting requirements

Negative

• None.

Insights

Cloud Technology Analyst

Oracle's contract with the National Gallery of Art marks a strategic federal sector expansion that deserves investor attention. This represents Oracle's first implementation of its Fortune 500-class ERP system in a U.S. government institution, serving as a potential reference customer for the broader $53 billion federal IT market.

This win demonstrates Oracle's continued traction in the highly competitive cloud ERP space, particularly noteworthy since it involves a FedRAMP-certified solution that meets specialized government requirements. The implementation will include embedded AI capabilities, highlighting Oracle's execution on its AI strategy across product lines.

While a single museum contract isn't material to Oracle's $50+ billion annual revenue, the strategic implications are significant. Oracle is positioning to challenge established government contractors in the federal financial systems space - a high-margin, sticky business segment with substantial growth potential as aging government systems need modernization.

This announcement furthers Oracle's narrative of expanding cloud product adoption beyond its traditional database customers, supporting the company's ongoing transformation into a comprehensive cloud services provider. Oracle's mention of 10,000+ Cloud ERP customers across public and private sectors reinforces its competitive positioning against rivals like SAP and Workday in the enterprise ERP market.

One of the largest museums in North America selects Oracle to optimize finance processes, enhance decision-making, and take advantage of the latest advancements in AI

WASHINGTON, April 15, 2025 /PRNewswire/ -- Oracle Federal Forum -- The National Gallery of Art, one of the world's preeminent art museums, has selected Oracle Cloud Federal Financials, a purpose-built solution in Oracle Fusion Cloud Enterprise Resource Planning (ERP), to support its mission to welcome all people to explore and experience art, creativity, and our shared humanity. With Oracle Cloud Federal Financials, the National Gallery of Art can accelerate financial processes, increase efficiency, improve resource allocation, and enhance decision-making, while addressing federal data security requirements as it continues to deliver world-class programs and exhibitions for its growing audience.

Established in 1937 as a unique public-private institution, the National Gallery of Art is a center of visual art, education, and culture. It attracts nearly four million people each year, and its collection includes over 160,000 works of art, including paintings, drawings, prints, photographs, sculptures, decorative arts, and new media. This effort to modernize finance operations will help drive new efficiencies and improve decision-making, supporting the museum's continued growth and expansion of its in-person and digital audiences.

"This implementation brings the best-in-class cloud ERP that is used by most of the Fortune 500 companies to the U.S. government for the first time and enables us to put the power of data into the hands of our employees to help them make better decisions," said William McClure, Treasurer of the National Gallery.  "Oracle Cloud Federal Financials will help us to establish a more secure and user-friendly financial system, drive operational agility, and maximize the efficient use of donor and taxpayer dollars as we continue to grow our audience and serve the nation."

With Oracle Cloud Federal Financials, the National Gallery of Art can access a single, integrated financial management solution that meets federal budgetary accounting requirements and aligns with the U.S. Government's Cloud Smart Strategy while simultaneously meeting the private, not-for-profit financial reporting requirements of the National Gallery of Art. In addition, this FEDRAMP-certified solution enables the National Gallery of Art to automate financial operations, enhance the user experience, improve workforce productivity, help reduce risk, address compliance and audit requirements, and leverage embedded AI capabilities to help increase the speed and accuracy of financial processes.

"To create value and support effective programs and services, federal entities need purpose-built solutions that meet federal financial management requirements and help unlock new levels of efficiency," said Rondy Ng, executive vice president of Applications Development, Oracle. "With Oracle Cloud Federal Financials, the National Gallery of Art can embrace automation, take advantage of embedded AI to optimize financial operations, and enhance business insights as it continues to serve the nation and uphold its longstanding commitment to artistic excellence."

More than 10,000 organizations, across public and private sectors, turn to Oracle Cloud ERP to run their businesses. Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, supply chain management & manufacturing, and Oracle B2B, which revolutionizes the way organizations transact, pay, finance, and ship sustainably across the globe.

About the National Gallery of Art
The National Gallery of Art welcomes all people to explore art, creativity, and our shared humanity. Nearly four million people come through its doors each year—with millions more online—making it one of the most visited art museums in the world. The National Gallery's renowned collection includes over 160,000 works of art, from the ancient world to today. Admission to the West and East Buildings, Sculpture Garden, special exhibitions, and public programs is always free.

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 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

What benefits will Oracle Cloud Federal Financials (ORCL) bring to the National Gallery of Art?

It will provide automated financial operations, AI-powered processes, enhanced user experience, improved workforce productivity, and better compliance management while meeting federal security requirements.

How many organizations currently use Oracle Cloud ERP (ORCL) globally?

Over 10,000 organizations across public and private sectors use Oracle Cloud ERP for their business operations.

What security certification does Oracle's (ORCL) solution have for federal use?

The solution is FEDRAMP-certified, meeting federal data security requirements.

How will Oracle (ORCL) help the National Gallery manage its financial reporting requirements?

The solution provides integrated financial management that meets both federal budgetary accounting and private, not-for-profit reporting requirements.

What is the significance of Oracle's (ORCL) implementation at the National Gallery of Art?

It marks the first implementation of Fortune 500-level cloud ERP in U.S. government operations, setting a precedent for federal institutions.