Oracle Cloud ERP will make you full of joy and glee
December 13, 2020

Oracle Cloud ERP will make you full of joy and glee

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

Modules Used

  • Oracle Financials Cloud
  • Oracle Project Portfolio Management Cloud
  • Oracle Procurement Cloud
  • Oracle Risk Management Cloud

Overall Satisfaction with Oracle Cloud ERP

Our organization uses Oracle Cloud ERP for many different reasons. We utilize the general ledger and accounting features (such as accounts payable and accounts receivable, reconciliations, reports, journals), some inventory management features (though this is under-utilized at this time), standard and custom reports (which are very user-friendly), as well as API integrations between other platforms to help streamline processes.
  • API for custom integration
  • Ease of use (both on-site and remote--especially during this pandemic)
  • Project budgeting and forecasting
  • Project planning collaboration
  • Security (while great) just takes time to set it up perfectly
  • Implementation can be a hurdle if rushed
  • The UI can be counter-intuitive to new users
First and foremost, the wide range of capabilities has been such a blessing to our organization during this pandemic. This wide range of functions has allowed for our agents to work fully remotely while accessing the data in real time. Within all the components, we've found the reporting to be very user friendly and easy to customize. With the ability to integrate to other enterprise platforms, it's a win-win.
  • Saved countless hours of time through automation
  • Extremely stable system (saved hours of downtime, support, etc.)
  • OTBI tools has been a game changer
Being a member of Oracle Cloud Customer Connect is (in my opinion) sometimes better than receiving help from a consultant or even Oracle support. When I'm able to explain my problem to a community of users who are similar to me--we speak the same language--and more often than not, we're able to identify and fix the problem in a timely manner.
Oracle Cloud ERP has been a huge lift; however, it didn't come easily. Change management isn't a thing that's often praised in regard to new system setup. As you can probably imagine, especially around security. Using Oracle Cloud products as well as other cloud platforms--they truly are transforming the way of business, so, in my opinion, it's either jump in the water now (which I'm glad we did) or jump in a couple years once the legacy systems continue to break or need FTEs to support.
Yes - I'm a member of the Getting Started group, which has helped me learn some basics as well as feel comfortable connecting with individuals (like me) who were once getting started. When it comes to any enterprise-level software, it can be intimidating, especially SaaS, PaaS, IaaS solutions that are changing the way businesses operate, so the Getting Started group and Oracle Cloud Applications for Finance have been helpful.
With an ERP system and all the open API connections, Oracle Cloud ERP has helped us streamline our business into a single source of truth, which is now our ERP. It's common that ERPs can have a primary focus of accounting and then a smaller impact in regards to inventory, product lifecycle, etc. However, with Oracle Cloud ERP, the account monitor functionality, dashboards (especially around general ledger), and journal entries with custom rules are fantastic!
Oracle Cloud ERP is well suited when dealing with supply chain business flows, key accounting features that are standard for businesses/organizations to run (accounts payable/receivable, primary and secondary ledgers, etc.), forecasting, inventory, ideation management--really Oracle Cloud ERP has a solution seems to have a solution to any enterprise-level process in a business. It's less appropriate for small start-ups and nonprofits, in my opinion.

Oracle Cloud ERP Feature Ratings

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