Oracle Cloud ERP--A must-have for seamless business processes
December 14, 2020

Oracle Cloud ERP--A must-have for seamless business processes

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Modules Used

  • Oracle Financials Cloud
  • Oracle Accounting Hub Cloud
  • Oracle Project Portfolio Management Cloud

Overall Satisfaction with Oracle Cloud ERP

Oracle Cloud ERP is a complete suite covering the entire financial process. In my current organization, we are using three modules for accounts, project management, and financial reporting. The best part of the suite is the seamless end-to-end integration, which is provided with a superb cloud infrastructure both on premises and off.
  • End-to-end integration
  • Seamless workflow--user interface is superb
  • Disaster recovery is best in the industry (with Roll Back)
  • API documentation can be better
  • TAT for L2 tickets can be better
  • Handshake with third-party software may be difficult sometimes (for non-industry-standard software)
Benefits for each of the module:
  1. Project management--Best built-in dashboards, which comply with industry-specific project management guidelines
  2. Risk Management--Data Visibility provides better insight into otherwise unknown factors influencing your business, which in turn provides better risk management
  3. Procurement--Integration with other procurement tools, plus better user interface with Mobile Backbone
  • Reduction in the procurement cycle
  • Better management reporting--live dashboards
  • Better risk handling and transparency
No I am not a member of Oracle Cloud Customer Connect but will be interested to join.
Yes, we have switched from the E-Business Suite. The biggest impacts of the migration were time and the inconvenience faced at the multiple level across the organization. Even though the support provided by Oracle for cloud movement is awesome, the level of sanity checks and the time consumed in the movement is on the higher side.
Not yet, but I'm interested in Oracle user groups - I would like to be a part of an Oracle Cloud ERP User Group, where product features, related experience, and queries are answered by the end users, themselves. Even though answers might be more relevant to the developer community, many a times hidden features are discussed in such forums.
I have gone through the site at the initial level, and I guess it's a nice repository of self-paced lessons to understand the complete product in depth and explore the various features that are generally underutilized in an organization due to lack of training and end-user ignorance.
Oracle Cloud is an old industry player that created industry benchmarks for multiple business processes, resulting in a better and bigger customer base and provides industry-approved automation and architecture. Naturally the trust factor of the clients is on the higher side and the level of services provided are on par with it. No doubt it stands at the top of its quadrant.
Oracle Cloud ERP is best suited for enterprises which are large in scale, consisting of multiple strategic business units, that require financial accounting at its best and better risk management. It's best for mobile-app-based end-user interfaces for data input/admin activities. Overall, Oracle Cloud ERP provides the required mobility and integration, which is required at the enterprise level.

Oracle Cloud ERP Feature Ratings

Accounts payable
8
Accounts receivable
8
Global Financial Support
7
Primary and Secondary Ledgers
7
Intercompany Accounting
9
Localizations
6
Journals and Reconciliations
7
Enterprise Accounting
8
Configurable Accounting
7
Centralized Rules Framework
8
Standardized Processes
10
Automated Invoice Processing
6
Shared Services Payments
7
Billings Management
8
Customer Receipt Applications
7
Customer Collections
7
Revenue Recognition
7
Cash Management
8
Asset Management
7
Travel & Expense Management
7
Budgetary Control & Encumbrance Accounting
8
Period Close
6
Transactions Tax
6
Subledger Reconciliations
8
Inventory tracking
6
Location management
7
Pricing
8
Order entry
7
Credit card processing
7
Cost of goods sold
7
Order Orchestration
6
End-to-end order visibility
8
Order exception Resolution
8
Dashboards
10
Standard reports
10
Custom reports
8
API for custom integration
8
Plug-ins
7
Role-based user permissions
9
Single sign-on capability
10
Award Lifecycle Management
7
Spending Control
8
Indirect Cost Management
8
Billing
8
Budgeting and Forecasting
9
Project Costing
9
Cost Capture
8
Capital Project Management
7
Customer Invoicing
8
Customer Contract Compliance
8
Project Revenue Recognition
8
Project Financial Performance Analysis
9
Project Financials Dashboard
10
Real-time Financial Reporting
9
Embedded Business Intelligence
8
Project Planning Collaboration
7
Project Planning and Scheduling
8
Project Manager Dashboard
10
Resource Manager Dashboard
9
Task Insight for Project Managers
8
Project Manager Mobile Functionality
8
Team Member Task Collaboration
9
Team Member Mobile Functionality
9
Project Candidate Search
8
Project Candidate Comparison and Analysis
7
Defineable Resource Pools
6
Defineable Resource Pools
6
Talent Profiles
7
Real-Time Project Reporting
8
Absence Management
8
Product Lifecycle Management
7
Sourcing Team Collaboration
7
Sourcing Analysis
9
Bids Analyzed and Compared
9
Contract Authoring
7
Contract Compliance Management
8
Contract History
9
Contract Renewal Automation
7
Contract Repository
8
Contract Standardization and Enforcement
9
Electronic Signatures
8
Invoice Automated Matching
8
Purchasing Risk and Compliance Management
8
Requisitions-to-Purchase Orders Integrated
9
Spend Compliance Management
7
Supplier Assessment
8
Supplier Communication and Collaboration
8
Supplier Management
8
Supplier Portal
8
Risk Repository
8
Control Management
8
Control Mapping
7
Control Efficiency Assessments
8
Automated Control Assessments
5
Assessment Capture
8
Issue Detection
5
Automatic Notification
9
Remediation and Certification
6
Transportation Planning and Optimization
7
Transportation Sourcing Management
9
Transportation Process Integration
8
Inventory Visibility
8
Warehouse Workforce Management
8
Forecasting
9
Inventory Planning
7
Multi-tier Supply Chain Planning
7
Performance Monitoring
8
Ideation Management
8
Requirements Management
9
Proposal Management
9
Innovation Portfolio Management
8
Product Master Data Management
8
Vendor Portal
6
Project Portfolio Management
8