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?

Anonymous | TrustRadius Reviewer
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.

Pros

  • 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.

Cons

  • 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
Scenarios where Oracle Cloud ERP is well suited - The scenarios where Financials are used like Payables, Receivables, Asset Management, Expense Management with efficient real-time reporting of the financial status at any point. Scenarios where Oracle Cloud ERP is less appropriate - The scenarios where the size of the organization is relatively small, the number of financial transactions per day is significantly lower.

Oracle Fusion Cloud ERP Feature Ratings

Accounts payable
8
Accounts receivable
8
Global Financial Support
7
Primary and Secondary Ledgers
8
Journals and Reconciliations
9
Configurable Accounting
9
Standardized Processes
9
Billing Management
9
Cash and Asset Management
7
Travel & Expense Management
7
Period Close
9
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
Dashboards
9
Standard reports
9
Custom reports
9
API for custom integration
9
Plug-ins
7
Role-based user permissions
9
Single sign-on capability
9
Award Lifecycle Management
9
Budgeting and Forecasting
9
Project Costing
8
Cost Capture
8
Capital Project Management
7
Customer Contract Compliance
9
Project Revenue Recognition
9
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Execution Management
Not Rated
Trade and Customs Management
Not Rated
Fulfillment Management
Not Rated
Warehouse Workforce Management
Not Rated
Not Rated
Production Process Design
Not Rated
Production Management
Not Rated
Configuration Management
Not Rated
Work Execution
Not Rated
Manufacturing Costs
Not Rated
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Performance Monitoring
Not Rated
Proposal Management
Not Rated
Product Master Data Management
Not Rated

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