Is it worth the time and money moving to Oracle Cloud ERP?
April 09, 2021
Is it worth the time and money moving to Oracle Cloud ERP?
Score 8 out of 10
Vetted Review
Verified User
Modules Used
- Oracle Financials Cloud
Overall Satisfaction with Oracle Cloud ERP
Oracle Cloud ERP Financials modules like Payables, Receivables, Assets are mainly used for effective management of assets, invoice processing, reconciliation, taxes, credits, billing, and payments among other reporting features. Payables provide automated invoice processing with features like optical character recognition and imaging. Also provides with calculation with current tax rules during invoice processing. It addresses the problem of invoice issues, staying current with tax rules, quick cash reconciliations, and reporting.
- Payables provides automated invoice processing with features like optical character recognition and imaging.
- Quick billing with generating invoices and credit memos.
- Reporting that helps in good desiciosn making with real time status of period close tasks,ledgers reconciliations, journal entries etc.
- Much [more] efficient way of processing invoices to quickly resolve issues with invoices that can't be recorded automatically.
- Only positive impact - reduced cost of resources and timelines for financial transactions like processing, reconciliation, invoicing etc.
Legacy Financial system