Oracle Adds AI Agents to Fusion Cloud to Automate Finance Work
The update signals a push to cut manual data entry through AI-run back-office tasks.
Overview
- Oracle said at a London event that its Fusion applications will now work with AI agents that can enter invoices, create purchase orders, gather data, and suggest next steps.
- Steve Miranda, who leads applications development, said the tools will take over low-value typing so staff can focus on judgment tasks such as supplier talks and risk decisions.
- Oracle shares rose 3.11% in the latest session, closing at $154.34, after investors weighed the AI rollout alongside a broader lift in cloud stocks.
- Analysts kept positive ratings but trimmed targets, with Mizuho at $320, Deutsche Bank at $300, and Guggenheim holding at $400, and the average target near $265.77.
- Legal overhangs persist as multiple firms pursue securities class actions tied to 2025 activity and the Schall Law Firm investigates a senior notes offering.