What Global Tariffs Mean for Oracle Finance Teams

In January 2025, U.S. President Donald Trump promised sweeping tariffs on goods imported into the United States. And ever since February 1, the day he first signed a tariff-related executive order, the countries and amounts involved have been constantly changing. As of July 2025, a 30% tariff on goods imported from the EU has been delayed and tariffs to and from China have been imposed, then promptly reduced.

In this confusing time when it’s difficult to maintain an understanding of which tariffs are impacting which groups and in what amounts, it can be especially challenging for Oracle users to complete key finance tasks. Here, we discuss the impact of tariffs on Oracle-driven finance teams.

Keeping Up With Tariff Changes Can Make You Dizzy

To say it’s hard to keep track of tariffs is an understatement. After they were proposed, The Court for International Trade (CIT) ruled that the recently imposed tariffs against countries like Mexico, Canada, China, and over 50 other nations are unlawful, as it cites an antiquated, 1977 law called the International Emergency Economic Powers Act (IEEPA). Despite this, certain tariffs remain in place, particularly on cars, steel, and aluminum, which were imposed under a different law.

Within a six-month period, tariffs have been introduced, rolled back, delayed, and imposed, not necessarily in that order. Although not much has been set in stone, economists at J.P. Morgan estimate a 10% universal tariff and 110% tariff on goods imported from China will lead to a 1% reduction in the global GDP.

Tariffs Throw a Wrench Into Finance Processes

From tariffs to recent technological developments, finance teams have learned to expect change. But even before tariffs were introduced, Oracle users struggled with certain key tasks. According to insightsoftware and Hanover Research’s Finance Team Trends Report, financial reporting takes up a massive amount of time. At least three-quarters (72%) of Oracle users dedicate a minimum of five to six hours each week to recreating financial reports, equating to up to 24 hours a month or 300 hours per year. This inefficiency highlights the need to streamline processes and improve data management. When tariffs are added to the mix, it can cause additional disruption to what is already a time-consuming process.

To address these challenges during this time of tariff-related uncertainty, organizations must adopt financial reporting solutions that are just as flexible as tariff-related developments. By empowering Oracle finance teams with intuitive tools and real-time data, Oracle finance teams can easily create dynamic, scenario-based plans that align with your unique business objectives.

How Oracle Helps You Stay Ready

Oracle is well aware of challenges posed by tariffs. As of April 2025, the ERP announced new trade management capabilities with its Oracle Fusion Cloud Supply Chain and Manufacturing (SCM) offering to help users navigate tariff impact on the supply chain. It does this by automating your organization’s supply chain processes and increasing visibility on shipments with the goal of helping organizations make better decisions during this confusing time.

But outside of supply chain management and operational reporting, finance users still struggle with important finance tasks. If you’re still closing the books or conducting budgeting and planning cycles manually, factoring in new tariffs can throw a wrench into the process. What can you do to add clarity to your budgets and pivot as needed during market uncertainty?

Clearer Decision-Making in a Murky Market

With insightsoftware’s Oracle portfolio, businesses can stay ahead of economic challenges with accurate financial and operational reporting, streamlined global inventory management, and automated exchange rate management. Here’s how.

Inventory Management With Hubble:

• Inventory Visibility: Gain real-time insights into SKU quantities and locations worldwide.
• Tariff Impact Analysis: Assess how tariffs affect inventory costs in different regions.
• Strategic Stocking Decisions: Use data to decide on increasing stock levels in specific areas to avoid tariff costs.
• Continuous Monitoring: Regularly adjust stocking strategies based on inventory and tariff changes.

Supplier Analysis With Angles for Oracle:

• Identify Suppliers: List suppliers in tariff-affected countries.
• Analyze Purchases: Review purchase volumes and SKUs from these suppliers.
• Evaluate Alternatives: Find potential suppliers in non-tariff countries.
• Compare Costs: Assess costs, quality, and reliability of current vs. alternative suppliers.
• Make Decisions: Decide on switching suppliers to mitigate tariff impacts.

Data You Can Trust With Spreadsheet Server:

• Leverage Excel: Get up and running quickly in a familiar environment.
• Deep, Transaction-Level Drilldowns: Drill down on data for informed decision-making when tariffs are imposed or changed.
• Connect to Multiple Data Sources: Keep a single source of truth you can trust during market uncertainty.
• Understand Your Financial Data: Enable fast, accurate self-serve reporting in a quickly changing world.

Stay Up-to-Date With Currency Management with FXLoader:

• Shield Your Business From Currency Rate Fluctuations: Access daily, up-to-date, accurate, monitored exchange rates from trusted sources.
• Streamline FX Management: Eliminate the risk of human error with manual processes by automating FX entry.
• Ensure Compliance: With more accurate FX data, be better-positioned to meet changing financial regulations.

Ready to learn more? Read our research on the most pressing trends affecting Oracle finance teams right now.

Explore our Global Tariff Management Resource Center for more strategies to stay competitive amid shifting tariffs.

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