Oracle

What is Oracle?

Oracle is a cloud-based suite of enterprise software applications that the University of Chicago uses to manage our daily business activities, including accounting, budgeting, financial records and reporting, procurement, and project management (including managing research awards, grants, and faculty funds). In 2024, Oracle replaced the University's 40-year-old mainframe Financial Accounting System to improve the accuracy, usability, ease, and efficiency of all financial operations throughout the University. Thousands of employees across the University now are using Oracle, completing tasks in the system daily.