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.
News Market Reaction – ORCL
In the trading session that priced this news, ORCL declined 0.52%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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One of the largest museums in
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
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
"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.
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SOURCE Oracle