Oracle Overhauls Financial and Procurement Applications for AI Agent Integration

Oracle is redesigning its cloud-based financial software for large enterprises to make it compatible with artificial intelligence agents. The objective is for humans to pose business questions to the system, after which the AI will independently determine how to sift through data to find answers.

These updates are scheduled to be officially announced on Tuesday at an event in London. This move by Oracle aligns with a broader industry trend where major enterprise software providers are upgrading their products to be operable by AI agents, which can perform tasks automatically without human intervention.

Oracle's stock has declined approximately 40% this year, reflecting investor concerns that AI tools may significantly replace complex enterprise software. Oracle executives have stated that the company is actively integrating AI technology to ensure its software remains competitive amid industry transformation.

As part of the latest upgrade, Oracle is enhancing its Fusion software suite, which supports essential business processes such as factory production planning and customer payment collection.

Steve Miranda, Executive Vice President of Oracle Application Development, explained that the company's goal is to allow businesses to focus more on strategic issues—such as how to design new products at lower cost and higher speed while minimizing supply chain disruption risks.

Miranda noted that the data needed to support such decisions is scattered across various applications within Oracle’s own suite as well as integrated third-party software. AI will take over tasks such as data entry, summarization, and proposal generation, freeing employees to concentrate on core competencies like supplier negotiations and setting risk tolerance levels for supply chain disruptions.

"Tasks like invoice entry are not high-value skills, either for companies or for professionals," Miranda said.

"Final decisions will still be made by humans, who must weigh various trade-offs. But execution-oriented tasks such as invoice processing and purchase order creation will be fully handled by AI."