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Financials in ERP Cloud offer many advantages, particularly in suite of modules provided by Oracle.
Updated February 29, 2020

Financials in ERP Cloud offer many advantages, particularly in suite of modules provided by Oracle.

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 ERP Cloud is being used across our entire global organization. It has helped to facilitate or improve multiple global business processes. It supports extensive REST APIs for various tasks and automation. In particular, we have had great success leveraging the allocation functionality to automate common journal entries. The GL allocation functionality is very different than on-premise EBS, but much more powerful if used correctly.
  • REST APIs
  • GL Allocations
  • OTBI Reporting
  • User interface can "hang" since it's in a web browser
  • Direct connectivity to SQL tables is not supported via an ODBC connection - Oracle Analytics Cloud is required for more advanced analysis
  • Error messages are not always self-explanatory
Oracle provides a truly extensive range of capabilities for various modules. It's very easy to add modules at later dates, but not all of the modules will be truly best of breed. However, not having to integrate other technologies into an ERP stack, particularly in the cloud, means that Oracle has few if any competitors in the Cloud ERP space for the breadth of their suite (as of August 2019).
  • Lower total cost of ownership.
  • Reduced time to close - continuous close.
  • Increased visibility to financial close process.
  • Partner-led
Apps Associates
Oracle ERP Cloud Financials Module is fantastic if you're looking for a quick implementation that can scale effectively on a global scale. Overall, the functionality is market-leading for cloud finance, and other Oracle ERP modules can provide an extensive network of capabilities that don't require additional integration and can be supported by the existing framework (i.e. Manufacturing, Inventory, Expense, etc). However, not all of Oracle's modules will be able to provide true best of breed support or capabilities. Oracle is best of suite, not always best of breed for every business requirement.

Oracle Cloud ERP Feature Ratings

8.5
Accounts payable
8
Accounts receivable
7
Global Financial Support
10
Primary and Secondary Ledgers
9
Intercompany Accounting
8
Localizations
9
Journals and Reconciliations
9
Enterprise Accounting
8
Configurable Accounting
9
Centralized Rules Framework
8
Standardized Processes
9
7.7
Automated Invoice Processing
6
Shared Services Payments
8
Billings Management
8
Customer Receipt Applications
8
Customer Collections
8
Revenue Recognition
8
Cash Management
8
Asset Management
8
Travel & Expense Management
6
Budgetary Control & Encumbrance Accounting
7
Period Close
9
Transactions Tax
8
Subledger Reconciliations
9
3rd Party Accounting Systems
7
8.0
Inventory tracking
8
Automatic reordering
8
Location management
8
Manufacturing module
8
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
Payroll Management ()
Not Rated
Not Rated
Dashboards
Not Rated
Standard reports
Not Rated
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated
Not Rated
Award Lifecycle Management
Not Rated
Spending Control
Not Rated
Indirect Cost Management
Not Rated
Billing
Not Rated
Not Rated
Budgeting and Forecasting
Not Rated
Project Costing
Not Rated
Cost Capture
Not Rated
Capital Project Management
Not Rated
Customer Invoicing
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Project Financial Performance Analysis
Not Rated
Project Financials Dashboard
Not Rated
Real-time Financial Reporting
Not Rated
Embedded Business Intelligence
Not Rated
Project Planning Collaboration
Not Rated
Not Rated
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
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
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
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
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
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Multi-tier Supply Chain Planning
Not Rated
Performance Monitoring
Not Rated
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

Decision Factors & Implementation

Yes - We replaced a Microsoft GL product with Oracle Cloud ERP Financials, Procurement, and Supply Chain. Our prior product was not scalable globally, and did not have a robust Supply Chain Module. We also struggled previously with more advanced features in the Financials space, including integration capabilities with REST API endpoints and OLAP cube capabilities.
  • Price
  • Product Features
Price and Product Features drove our decision making process to a large extent. Total Cost of Ownership was significantly lower than other options, since we didn't need to maintain any infrastructure. Our industry is also heavily based around Oracle Cloud ERP, so there is a significant talent pool to draw from.
It was deployed on time and on budget. The challenge was that the implementation timeline was very short, and there were significant components of the implementation that we would have done differently in retrospect. One of our biggest "lessons learned" was to select an implementation team that had performed Cloud implementations previously. On-premise is very different.