Oracle Cloud ERP backed by a established company with tons of functionality
April 09, 2021

Oracle Cloud ERP backed by a established company with tons of functionality

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

Modules Used

  • Oracle Financials Cloud
  • Oracle Accounting Hub Cloud

Overall Satisfaction with Oracle Cloud ERP

It is being used across the United States in the Controllers, Accounting and Reconciliation departments monthly and in some countries for Finance to enter accounting transactions and close the books each quarter. It addresses the general ledger of the organization, the financial close and all accounting entries and reconciliations.
  • Accounting
  • Financial Close and Consolidation
  • Reconciliations
  • Security of the General Ledger
  • Reporting is generally good, always room for improvement
  • Speed is OK always like faster
  • Cybersecurity controls are fine, extra security features are better
Oracle Cloud ERP and the breadth of its functionality makes us purchase less third party solutions, e.g. we just add other modules and Oracle systems under our contract and configuration. This is a big plus along with not having constants upgrades to functionality and this decreases IT support, lowering costs - all goals of our organization. One less IT vendor is a good thing.
  • Less upgrades and versions means less implementation costs - positive
  • Cloud security is more robust - positive
  • Scalability is a positive too
We have many peers in our industry, this is invaluable to be able to connect to the community and get answers to questions or when we have a problem. And it is worldwide. This decreases benchmarking studies, consulting costs to do these studies, and is fast. Speed is essential
Not yet, but I'm interested in Oracle user groups
Oracle Cloud ERP is more flexible, more negotiable and has better breadth and support worldwide. Their reports are better and speed of implementation is faster. It stacks better since the company is larger, more stable, and has more research and development. There are more references to check with peers too.
Oracle Cloud ERP is well suited for setting up and maintaining a General Ledger and all of the other sub-ledgers, G/L and bank account reconciliations, journal entries and accounting movements, having a cloud database to securely maintain the organization's financial data, reporting internally and externally. It is also more than capable of consolidations of legal entries to be prepared for the external auditor.

Oracle Cloud ERP Feature Ratings

Accounts payable
8
Accounts receivable
8
Global Financial Support
9
Primary and Secondary Ledgers
9
Intercompany Accounting
6
Localizations
7
Journals and Reconciliations
8
Enterprise Accounting
8
Configurable Accounting
8
Centralized Rules Framework
8
Standardized Processes
8
Automated Invoice Processing
9
Shared Services Payments
Not Rated
Billings Management
7
Customer Receipt Applications
7
Customer Collections
7
Revenue Recognition
7
Cash Management
5
Asset Management
8
Travel & Expense Management
6
Budgetary Control & Encumbrance Accounting
7
Period Close
8
Transactions Tax
7
Subledger Reconciliations
8
3rd Party Accounting Systems
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Dashboards
8
Standard reports
8
Custom reports
8
API for custom integration
7
Plug-ins
8
Role-based user permissions
8
Single sign-on capability
8
Award Lifecycle Management
Not Rated
Spending Control
Not Rated
Indirect Cost Management
Not Rated
Billing
Not Rated
Budgeting and Forecasting
8
Project Costing
8
Cost Capture
8
Capital Project Management
8
Customer Invoicing
8
Customer Contract Compliance
8
Project Revenue Recognition
8
Project Financial Performance Analysis
8
Project Financials Dashboard
8
Real-time Financial Reporting
8
Embedded Business Intelligence
8
Project Planning Collaboration
8
Project Planning and Scheduling
8
Project Manager Dashboard
8
Resource Manager Dashboard
8
Task Insight for Project Managers
Not Rated
Project Manager Mobile Functionality
Not Rated
Team Member Task Collaboration
Not Rated
Team Member Mobile Functionality
Not Rated
Project Candidate Search
Not Rated
Project Candidate Comparison and Analysis
Not Rated
Defineable Resource Pools
Not Rated
Defineable Resource Pools
Not Rated
Talent Profiles
Not Rated
Real-Time Project Reporting
Not Rated
Absence Management
Not Rated
Product Lifecycle Management
Not Rated
Sourcing Team Collaboration
Not Rated
Sourcing Analysis
Not Rated
Bids Analyzed and Compared
Not Rated
Catalog Shopping E-Commerce for Employees
Not Rated
Contract Authoring
Not Rated
Contract Compliance Management
Not Rated
Contract History
Not Rated
Contract Renewal Automation
Not Rated
Contract Repository
Not Rated
Contract Standardization and Enforcement
Not Rated
Electronic Signatures
Not Rated
Invoice Automated Matching
Not Rated
Purchasing Risk and Compliance Management
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Spend Compliance Management
Not Rated
Supplier Assessment
Not Rated
Supplier Communication and Collaboration
Not Rated
Supplier Management
Not Rated
Supplier Portal
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Mapping
Not Rated
Control Efficiency Assessments
Not Rated
Automated Control Assessments
Not Rated
Assessment Capture
Not Rated
Issue Detection
Not Rated
Automatic Notification
Not Rated
Remediation and Certification
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Sourcing Management
Not Rated
Transportation Process Integration
Not Rated
Transportation Execution Management
Not Rated
Freight Payment Automation
Not Rated
Trade Management
Not Rated
Trade Regulatory Compliance Management
Not Rated
Customs Entry Management
Not Rated
Customs Document Management
Not Rated
Customs Document Collaboration
Not Rated
Fulfillment Management
Not Rated
Inventory Visibility
Not Rated
Warehouse Workforce Management
Not Rated
Production Process Design
Not Rated
Supply Chain Business Flows
Not Rated
Production Management
Not Rated
Contracted Manufacturing Management
Not Rated
Configuration Management
Not Rated
Work Definition
Not Rated
Work Execution
Not Rated
Advanced Fulfillment
Not Rated
Manufacturing Costs
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Multi-tier Supply Chain Planning
Not Rated
Performance Monitoring
Not Rated
Ideation Management
Not Rated
Requirements Management
Not Rated
Proposal Management
Not Rated
Innovation Portfolio Management
Not Rated
Product Master Data Management
Not Rated
Vendor Portal
Not Rated
Project Portfolio Management
Not Rated