Oracle ERP Review
March 29, 2019

Oracle ERP Review

Jonathan Tirey | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • Oracle Project Portfolio Management Cloud

Overall Satisfaction with Oracle ERP Cloud

ERP Cloud is used across accounting and finance and provides an integrated solution to previously disparate systems

Pros

  • Best in class process flows
  • Centralized, standardized control
  • Integration with other modules

Cons

  • Control accounts can be posted to by any subledger. For example, Fixed Asset control accounts can be posted to directly by Accounts Receivable, if someone wanted to. Restricting the control accounts to the necessary subledgers would be very helpful.
  • Some processes are inconsistent in the manner in which they post. For example, if a revaluation job is run a 2nd time in a period you are required to manually reverse the 1st job. By comparison, if you run the translation job a second time in a period you don't have to reverse the first job.
  • Confusion about whether a process should be in ERP or in FCCS.
  • Expected to shorten close
  • Increased visibility / analysis
  • Intercompany reconciliation greatly improved, which impacts segment reporting accuracy and timeliness
Alternatives were a joke
Moving from an on-premise system for a large company is a hard position. Careful planning is needed to accommodate all of the existing customizations as a company moves to the cloud. The more customizations the higher the change management process.

Oracle Fusion Cloud ERP Feature Ratings

Accounts payable
8
Accounts receivable
8
Primary and Secondary Ledgers
10
Journals and Reconciliations
10
Configurable Accounting
10
Standardized Processes
10
Cash and Asset Management
6
Travel & Expense Management
6
Budgetary Control & Encumbrance Accounting
10
Period Close
10
Dashboards
8
Standard reports
8
Custom reports
9
API for custom integration
9
Plug-ins
9
Role-based user permissions
10
Single sign-on capability
10
Budgeting and Forecasting
7
Project Costing
7
Cost Capture
7
Capital Project Management
7
Requisitions-to-Purchase Orders Integrated
8
Not Rated

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