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
Review Source

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.
  • 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.
  • Much [more] efficient way of processing invoices to quickly resolve issues with invoices that can't be recorded automatically.
With financial modules like Payables, Receivables, Assets, Expense Management, the management of assets, invoice processing, reconciliation, taxes, credits, billing, payments, reporting, staying current with tax rules have significantly become easier. Much of the manual work is taken out of invoice processing and billing reducing the number of man-hours and in turn resource cost and timelines.
  • Only positive impact - reduced cost of resources and timelines for financial transactions like processing, reconciliation, invoicing etc.
Yes. Oracle Cloud Customer Connect provides latest updates on all related cloud technologies with many live events. It's a great source to keep oneself updated on the cloud technologies/ideas.
No, it has not switched from E-Business suite but definitely from a legacy system. The business impact is quite significant with a modernized system and decreased resource cost and timelines.
Yes - OHUG, OATUG, Quest
Definitely a good place to get training material followed by certification
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 Cloud ERP Feature Ratings

Accounts payable
8
Accounts receivable
8
Global Financial Support
7
Primary and Secondary Ledgers
8
Intercompany Accounting
7
Localizations
8
Journals and Reconciliations
9
Enterprise Accounting
9
Configurable Accounting
9
Centralized Rules Framework
7
Standardized Processes
9
Automated Invoice Processing
9
Billings Management
9
Customer Receipt Applications
8
Customer Collections
9
Revenue Recognition
9
Cash Management
7
Asset Management
8
Travel & Expense Management
7
Period Close
9
Transactions Tax
9
Subledger Reconciliations
9
3rd Party Accounting Systems
7
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
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
Spending Control
9
Indirect Cost Management
7
Billing
9
Budgeting and Forecasting
9
Project Costing
8
Cost Capture
8
Capital Project Management
7
Customer Invoicing
9
Customer Contract Compliance
9
Project Revenue Recognition
9
Project Financial Performance Analysis
9
Project Financials Dashboard
9
Real-time Financial Reporting
9
Embedded Business Intelligence
8
Project Planning Collaboration
7
Project Planning and Scheduling
Not Rated
Project Manager Dashboard
Not Rated
Resource Manager Dashboard
Not Rated
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