At this juncture, we chose Oracle Financials Cloud across the organization. We started implementing in piecemeal fashion rolling it out to our acquired companies to start with and eventually for the entire organization. Oracle has a suite of tightly integrated applications which can be leveraged as we grow and scale.
- Oracle Financials Cloud is designed from the ground up incorporating industry best practices and it leverages latest and greatest technological technology stack available in the market.
- Oracle Financials Cloud is designed for the new age gadgets like mobile, tablet and desktop. All screens are touch friendly.
- Oracle's social network is integrated with Oracle Financials Cloud for better collaboration.
- User experience is enhanced to the next level.
- Oracle Financials Cloud comes with embedded analytics which gives insights into the software.
- Oracle takes care of all the upgrades, patches etc., leaving us to focus on our core business.
- The product does not have all the features available in its on premise ERP, Oracle eBusiness Suite. We raised some enhancements and hopefully they will see the light of the day.
- Oracle Financials Cloud works well with Firefox browser. It has some problems with other browsers.
- All pages in the cloud cannot be personalized yet. In its on premise version most Oracle Application framework pages can be personalized.
- Importing data using FBI or ADFdi are phenomenally easy. Review and error correction happen very well.
- Cash Management is breezy with bank statement imports, reconciliation, transaction rules, Cash positioning and forecasting features.
- Reports and Analytics features are truly on modern finance system requirements, with tools FRS, Smart View, BI Publisher etc
- Payable invoice from image technology on OCR can be better
- Accrual accounting with reversal process may have few more options
- Hyperion with General Ledger can perform better
Less Appropriate: Revenue Management for ASC 606 IFRS 15 is an unnecessary extra variant. Instead should have been the advanced extension of revenue recognition and multi-period accrual.
- Security controlled by job roles in function
- Logical flow of functional operations
- Features available for complete execution
- Reconciliation of balances to achieve completion
- Analytical possibilities for further activities
- Limiting task menu with scope of function
- Suggestions for next operation
- More blocks in the same page
- Easy to access
- Don't need high computer to run
- Lack of user friendliness. It is awkward to use. Many times you have to click multiple levels to find information that almost any other system provides on one screen.
- Time consuming to use: Every screen with a table will only return a few rows of the table and then makes you scroll down and the system fetches that data. Providing 10 columns of data 10 rows at a time is clunky, time consuming and unacceptable. If you investigate a record and return to previous screen you will have to do the fetching procedure all over.
- The seeded reports haven't covered even standard financial reporting, G/L research and inventory reporting. Writing your own reports is challenging due to a lack of documentation of how and where the system stores data.
- Poor customer service in both timeliness and quality of assistance.
- The ability to use Smartview against the Essbase database is a plus. Only criticism is lack of detail available.
- The system is very stable with no issues. Not worrying or thinking about hardware is marvelous.
- Probably just an experience issue but navigation is a bit tough sometimes. Having to click 5 times to get where you want to be is painful. Shortcuts are very helpful.
- Reporting. The report writer is painful.
- Reliable uptime
- Ability to handle a large company of our size with multiple platforms
- Much of the support staff with OMCS tries to be helpful
- There needs to be more communication between QA and Development
- Would be nice to have same time zone support
- When there are bugs in the systems we need much faster resolution
- User interface has some issues but easy to use
- Drop down menus are helpful
- Flexible product
- Some of ours user notice it will hang during a session
- Can still be time-consuming when creating new integrations of packages
- Needs improvement in processing speed
- Able to pay our consultants, vendors, and employees on time and in the correct amounts and also send correct invoices.
- Fewer phone calls to our call centers
- Less turnover in our accounting department
- No issues so far
- Need to be a large company to implement this product.
- The cost of Oracle licenses is high.
- Need to have Oracle professionals in your IT department.
- Need to stay on top of new releases.
- Available anywhere on any device.
- Good user experience
- Solid financial and HR system with a rapidly evolving SCM offering
- OTBI will change our businesses view to transaction detail
- Projects integration with inventory management
- Better integration with talent management
- More tools and API to help with data loads / conversions and migration of code between environments
- It allows you to see a complete database of customers who have ordered recently, ordered in the past, and are current/previous customers. You have access to all of the information of how a customer pays, how frequently, and when.
- The program allows you to have an organized approach for sending out past due invoices. No one wants customers who receive product and do not pay. This helps offer a solution to this by alerting you when this occurs.
- A struggle we've found is when the customer is over due and has a balance, it would be nice for the system to automatically send out an email to the purchasing or accounts payable contact on file. Right now, it does not so we are forced to pick up the phone and / or send another email to receive payment.
- We are able to embed .pdf's and signed agreements within the program to allow us to see what is being purchased and for how long to honor payment/agreement.
- Automation of negotiated terms and pricing helps cut down the administrative overhead immensely.
- Introduces great scope of streamlining your procurement process since Oracle relies on industry best practices.
- Fairly flexible in terms of configuration. Since procurement processes change from company to company, it is great to have a product that has fair degree of flexibility in configuring the policies and approval.
- Reporting capabilities are virtually endless with really good data visualisation. What's more? You can have customised dashboards according to each user type.
- Decent change/version management while mantaining documents
- While reporting capabilities are good. Most of it comes from a custom report which are by no means easy to develop. The out of the box reports are not that good.
- If you do not really follow a very standard procurement process, it could be a problem because it could be tedious to change some behavior systems. Oracle does have a facility to log ER (Enhancement Request) but it takes them over a year(and sometimes more) with no guarantee that the feature will come in subsequent releases.
- Oracle Support is a nightmare to deal with. The customer care team is incompetent and even after multiple interventions by an Oracle Implementation Success Manager, you might not get a timely response at all.
It is suited for processing and reporting AP, AR, IC, JE, Recons.
It might not integrate well with externally sourced sub-ledgers.
- Nice clean interface
- Quicker centralized data access
- Smoother interfacing between the different modules
- Helps automate a lot of the current manual processing due to 3rd party data connection issues
- Fuzzy item search feature missing
- Sales agreements not supported in cloud
- Interfacing with other 3rd party vendors takes a while and could be done quicker
- Quicker roll out of AI for demand planning
- Being on the cloud allows the company to save IT resources for other projects
- Provides an experience for cross-departments to access information
- Easy to add new locations when a company adds a new site
- While there are some good financial reports, overall dashboard and report creation should be more user friendly
Oracle ERP Cloud Review: "FAH-Analytical View to Financial Statements-it is completely different and you will see your numbers differently."
- Data is outside from regular EBS environment, so there is more accessibility.
- Cubes to build the reports.
- Upload process is easier and works properly.
- Initially, support from Oracle was not good but once we have discussed with Oracle Sales people , they assigned a special person to solve all our problems. He scheduled everyday phone call to put things together and then everything went well.
- Proper Documentation as well as training videos are not available.
It helps with minimal downtime with current financial process and get results more effectively.
- Integration with on-premise E-Business Suite and data transfer process is well designed and efficient.
- Adaptability, a finance person who is not technical can easily derive the report as well as build the report.
- Drill-Down reports as well as Pivots, which are core part of finance department.
- Refreshing non production instance should be simple process as well as take less time.
- Support is getting better, but there is lot of room for improvement.
- Patching of Instances should be once a quarter and if we can get list of future enhancements and their respective dates that will be very useful.
- Mobile application
- Ease of integration with our other systems
- Easy to create and track orders
- Have to purchase a lot of different modules to fully create what we need from our ERP system
- Mobile app should have more features
It's great for a mid-size company whose employees consistently travel, or who host events.
- This client was particularly interested in the useful user interface. Most of the users (sales reps) use iPhones and some are using iPads.
- The sales department is not burdened with any IT issues or IT staff.
- Ease of use.
- Ease of management.
- The client is really pretty satisfied with the cloud solution for their ERP application.
- The client is interested in some improvements in the mobile user interface that would include the map and location interface available to other iPhone apps.
Oracle ERP Cloud Scorecard Summary
Feature Scorecard Summary
About Oracle ERP Cloud
- Financial planning and analysis
- Financial close
- Revenue recognition
- Risk management
- Compliance and governance
- Project planning and execution
- Inventory and supply chain
- Product lifecycle
ERP software is the backbone of many organizations and Oracle aims to offer a modern, connected approach combined with the ease and flexibility of the cloud. Oracle ERP Cloud delivers the functionality, analytics, security, mobile capabilities, and social collaboration tools needed to run a business.
Oracle ERP Cloud Screenshots
Oracle ERP Cloud Competitors
Pricing per user varies by component within the Oracle ERP Cloud solution. Please see pricing information for the ERP Cloud components on cloud.oracle.com or contact Oracle Sales at +1.800.633.0738.
Oracle ERP Cloud Support Options
|Video Tutorials / Webinar|
Oracle ERP Cloud Technical Details
|Mobile Application:||Apple iOS, Android|
|Supported Countries:||100+ countries and regions|
|Supported Languages: ||Arabic, Chinese-Simplified, Chinese-Traditional, Czech, Danish, Dutch, English, Finnish, French-Canada, French-France, German, Hebrew, Hungarian, Italian, Japanese, Korean, Norwegian, Polish, Portuguese-Brazil, Romanian, Russian, Spanish, Swedish, Thai, Turkish|