Great Oracle product to use for great business benefits!
October 29, 2018

Great Oracle product to use for great business benefits!

Raju Kancham | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

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.
Since our organization is currently using most of the applications falling under finance module of EBS, viz. Accounts Payables, Accounts Receivables, General Ledger, Cash Management, Payments and iReceivables, all of the business teams using these applications were tightly connected through the business process workflows in the system. Their roles and responsibilities set up in each application module help them to understand where the workflow process stayed, what the latest status is at any point of time, if any follow ups are needed, etc...

Oracle E-Business Suite Feature Ratings

Accounts payable
9
Accounts receivable
9
Global Financial Support
8
Primary and Secondary Ledgers
9
Journals and Reconciliations
8
Configurable Accounting
8
Standardized Processes
9
Billing Management
8
Cash and Asset Management
9
Travel & Expense Management
9
Budgetary Control & Encumbrance Accounting
8
Period Close
9
API for custom integration
8
Plug-ins
7
Role-based user permissions
9
Budgeting and Forecasting
9
Project Costing
9
Cost Capture
9
Capital Project Management
8
Customer Contract Compliance
8
Project Revenue Recognition
9
Project Planning and Scheduling
9
Task Insight for Project Managers
8
Project Mobile Functionality
8
Definable Resource Pools
7
Risk Repository
9
Control Management
9
Control Efficiency Assessments
8
Issue Detection
9
Remediation and Certification
8
Not Rated