Why oracle financials is used

Project Management Software. Learn More. Product Overview. User Reviews. Find out more: Visit Website. It offers a suite of applications including material planning, financial accounting, and business intelligence. Billing departments have access to a payables and assets dashboard where they can reconcile statements, track supplier invoices and payments, account for fixed assets, manage multiple bank accounts, and more. Expenses can be entered via mobile devices and are updated in real-time.

Invoice imaging is integrated, so supplier invoices and other documents are scanned and posted automatically. Users can also in Full view. Image 1 of 6 Home. Find the right Project Management Software for you. Value for money. Customer support. Showing 1 - 5 of 49 reviews View all reviews. Write a review. Industry: Textiles. Time used: More than 2 years.

Review Source: Capterra This review was submitted organically. No incentive was offered. ERP for Business effiency its good for textile sector. Pros Its multi madule system is best. Cons Its programming is very senstive, a small type error can leads towards differnt results. Review Source: Capterra This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

Pros First, Due to Covid pandemic, I am getting benefit of its cloud sevices By working from home. Cons Security Setup in Cloud services is time taking.

Company size: employees. Industry: Utilities. Review Source This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you. Project Manager Can't use this PM Suite The sheer amount of time it takes oracle to get setup could bankrupt your company of resources. Pros For a finance tool it is mildly functional. Cons The project management tool is virtually useless for any kind of portfolio management. Industry: Accounting.

Pros I live how user friendly, simple, and straight forward it is, i also love how you don't have to do to much manual work when it comes to accounts payable.

You can pass information from one application to another without any incremental integration costs. While Oracle's applications are integrated, they are also modular. Based on your business needs, you can implement one module, several modules, or the entire suite. Oracle Business Intelligence systems and the transactional systems use the same data and information.

There is no passing of data, spinning the facts, or delay; your managers see the data on their personal machines as it emerges from the business front lines.

Oracle Database 10 g Release 2 includes dimensionality support, next-generation features, and other features that are exploited by the financial applications. The cumulative effect of having a common data model, all applications on a single instance, and the applications themselves fully integrated, is that all of your information is in one place. As a result, you receive powerful synergies such as:. A global, unified view into critical information such as sales positions, inventory levels, headcount, revenue, and expenses-across all organizations, lines of business, products, and geographies.

The information is accurate and up-to-date as there is integrity in data that is not fragmented. The Oracle E-Business Suite includes data from business applications from multiple vendors using our Hubs. For example, Oracle Customer Data Hub gives you a unified, enterprise-wide view of your customer data, no matter whose software you use. Your corporate financial reports and intelligence will be across divisions and geographic regions - you won't have to request additional information from those sources.

The result is a much smoother and faster closing process. Your Shared Service Centers work across worldwide operations, dealing easily with both local compliance and corporate processes. Executives and employees, from the officers and directors to line supervisors, receive daily business intelligence revealing the state of the business every day, relative to past, present, and projected performance metrics. Your decision makers will reach more informed conclusions and take more immediate action towards achieving individual and group objectives - daily, not quarterly or monthly.

The Oracle Financials suite of applications is comprised of the following subfamilies, organized by standard business flow, to support your firm's financial processes:. The applications support and closely match these native business flows.

The key to exploiting the features implicit in the flows is, more than anything else, to understand the conceptual architecture of Oracle Financials applications.

The objective of this guide is to present those concepts to you. This guide discusses how you might:. This guide discusses the conceptual architecture and therefore does not describe the features for each product. Refer to the product documentation for additional details about product features. For existing users of Oracle Financials, we indicate where Release 12 has evolved from prior releases.

The upgrade is designed so that your earlier functionality will work as it was before the upgrade. You can take advantage of the new features at the pace that your business can accommodate. Oracle Financials applications also help you to meet your obligations in key areas surrounding the numbers, such as: Compliance Financial Control Regulatory Reporting Cost Containment Risk Management The Oracle Financials Concepts Guide introduces you to the fundamental concepts involved in setting up and using Oracle Financials applications.

Think Globally to make the right decisions You can make more informed decisions with a global view of your customers, suppliers, partners, and financial data. Work Globally to be more competitive Your business will be more competitive with better support for global work that crosses applications, companies, divisions, and regions. Manage Globally to lower cost and increase performance Release 12 makes it easier and less expensive for you to implement, manage, and scale global applications.

Reduced Number of Instances Each time you consolidate databases, information increases and costs decrease. Integrated Applications Oracle E-Business Suite is engineered to work together as an integrated system. Database Integration Oracle Database 10 g Release 2 includes dimensionality support, next-generation features, and other features that are exploited by the financial applications. As a result, you receive powerful synergies such as: A global, unified view into critical information such as sales positions, inventory levels, headcount, revenue, and expenses-across all organizations, lines of business, products, and geographies.

This guide discusses how you might: Represent your registered companies and management organization in the system. Report and analyze your business data.