Overall Satisfaction with Oracle eBusiness Suite
Oracle eBusiness Suite is being used by Accounts Payable, Accounts Receivables, iReceivables, General Ledger and Cash Management departments in the organization. These products facilitate seamless integrated business processes across the departments, and offer visibility to the data, based on roles and responsibilities business teams had.
- Our organization uses Financials products of Oracle EBS, so, it does well with simplified business processes with Accounts Payables and Accounts Receivables. The roles and responsibilities established for different business teams worked very well to enable the workflows between the different departments, eliminating manual processes they were using earlier.
- It does well with General Ledger process. The Opening and closing of the General Ledger periods is controlled by the Finance Leadership team and that ensured that communications happened across the departments properly. The GL batch processes are easily managed and scheduled to be run automatically for different general ledger periods, which eliminated manual batch job runs done earlier.
- The bank statements reconciliation process used by the Cash management team reduced many manual hours spent by them, as the system is able to provide the reconciliation statement generated frequently as per their schedule.
- Enabling the built in integration process tools between iReceivables and other payment processing credit card payment companies would be helpful.
- Overall it was a positive impact with good business ROI, especially in Accounts Payable / Receivables. A lot of manual data entry processes were eliminated as the applications were tightly integrated, which reduced the turnaround time.
- The negative impact was, the tab-driven screen navigation approach used in Accounts Payables was new to the business team and they had to spend more time in training in the beginning. Later, they got used to it.