360 degree view of my organizations finances, without complexities.
October 19, 2021

360 degree view of my organizations finances, without complexities.

Modupe Ajunwa | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • Oracle Financials Cloud

Overall Satisfaction with Oracle Cloud ERP

This enterprise resource planning software suite is used by different teams and departments across my entire organization. For my department, we mainly use Oracle Cloud ERP to manage financial processes within our organization, thus ensuring a dynamic and centralized accounting infrastructure. Our use of Oracle Cloud ERP has greatly benefitted my organization in vital areas such as expense management, cash forecasting, cash management, and event-based graphical analysis of our finances, amongst many other benefits.
  • Streamlined analytical access of all departments, in my organization. To include, real-time insights on ledger account balances, receivables, collections across my company.
  • Efficient expense management and matching.
  • Real time cash reconciliations.
  • Support Infrastructure - At the early stages of using this tool, I sometimes struggled with Oracle Cloud ERP (financial module.) It would have been almost impossible to use if my organization didn't have round-the-clock in-house support staffs to guide my colleagues and me through the numerous bottlenecks at the initial stages.
  • I think Oracle needs to provide more vendor created resource, for end users.
  • Unintuitive interface.
  • More efficient management of company activity - including budgets, income, expenses, etc.
  • Easy, authorized access to my organization's financial activity from anywhere. This is due mainly to the cloud capability of Oracle Cloud ERP.
  • Streamlined and faster approval processes, for invoices and requisitions.

Do you think Oracle Cloud ERP delivers good value for the price?

Yes

Are you happy with Oracle Cloud ERP's feature set?

Yes

Did Oracle Cloud ERP live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Oracle Cloud ERP go as expected?

I wasn't involved with the implementation phase

Would you buy Oracle Cloud ERP again?

Yes

Oracle Cloud ERP is well suited for large-sized organizations, especially those with operations spread across multiple locations who need to streamline their financial operation. It is ideally suited for running financial reports about aspects of an organization at scale, automating key assets and liabilities such as accounts payable, allocation of expenses, integration with sub-ledgers, etc.

Oracle Cloud ERP Feature Ratings

Accounts payable
10
Accounts receivable
10
Global Financial Support
9
Primary and Secondary Ledgers
9
Journals and Reconciliations
9
Configurable Accounting
9
Standardized Processes
9
Billing Management
9
Revenue Recognition
9
Cash and Asset Management
10
Travel & Expense Management
10
Budgetary Control & Encumbrance Accounting
10
Period Close
9
Inventory tracking
9
Automatic reordering
8
Location management
8
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
10
Cost of goods sold
10
Order Orchestration
10
Dashboards
9
Standard reports
9
Custom reports
9
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
9
Award Lifecycle Management
Not Rated
Spending Control
Not Rated
Indirect Cost Management
Not Rated
Budgeting and Forecasting
9
Project Costing
9
Cost Capture
9
Capital Project Management
9
Customer Contract Compliance
10
Project Revenue Recognition
9
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Project Candidate Search
Not Rated
Definable Resource Pools
Not Rated
Talent Profiles
Not Rated
Absence Management
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Catalog Shopping E-Commerce for Employees
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Contract Renewal Automation
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