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Great Solution For Any Organization
September 18, 2019

Great Solution For Any Organization

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

Modules Used

  • Oracle Financials Cloud
  • Oracle Procurement Cloud
  • Oracle Risk Management Cloud
  • Project & Grants Management
  • PBCS

Overall Satisfaction with Oracle ERP Cloud

Oracle ERP and HCM are used by all departments across the enterprise. It takes care of all our financial and accounting needs, including revenue processing, AP, procurement, payroll and budget, and planning.
  • Invoice entry automation and process approvals have greatly increased our efficiencies and enable us to pay an AP invoice within ten days of the invoice date.
  • E-sourcing has expedited the RFP procurement processes and helped us go paperless in that very intensive paper-based process. We now only accept electronic proposals and no longer have the need to store a large amount of paper.
  • We have been able to reduce the amount of time it takes to close month-end by 50%.
  • We have been able to reduce the payroll process time by 25% and make it more accurate and thus reducing the number of off-cycle checks.
  • The journal entry process could be enhanced by adding workflow capabilities and approvals to the worksheet load.
  • Easier role configuration and data and report access to the roles.
  • Our TCO study calculated that our move to ERP and HCM Cloud will save the organization $17.5 million over the next ten years.
  • Oracle ERP Cloud mini upgrades are helping force us into constant modernization.
The main reason we went with ERP Cloud is because of the seamless integration between Oracle Products.
I think Oracle ERP is well suited for a public sector organization as soon as the organization makes the decision not to use customizations and be willing to use standard and best practices out of the box. For companies or industries where processes are complex or they just don't want to standardize, ERP Cloud might not be the answer. Also, organizations need to become agile and embrace the quarterly upgrade model that is the new normal in Oracle ERP Cloud.

Oracle Fusion Cloud ERP Feature Ratings

9.2
Accounts payable
9
Accounts receivable
9
Global Financial Support
Not Rated
Primary and Secondary Ledgers
9
Journals and Reconciliations
8
Configurable Accounting
10
Standardized Processes
10
9.2
Billing Management
9
Cash and Asset Management
9
Travel & Expense Management
10
Budgetary Control & Encumbrance Accounting
10
Period Close
8
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
Payroll Management ()
Not Rated
8.7
Dashboards
8
Standard reports
9
Custom reports
9
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
9.0
Role-based user permissions
8
Single sign-on capability
10
10.0
Award Lifecycle Management
10
9.5
Budgeting and Forecasting
9
Project Costing
10
Cost Capture
10
Capital Project Management
9
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Project Execution Management ()
Not Rated
8.8
Bids Analyzed and Compared
10
Contract Authoring
5
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
10
Supplier Management
10
7.0
Risk Repository
6
Control Management
8
Remediation and Certification
Not Rated
Logistics ()
Not Rated
Not Rated
Manufacturing Costs
Not Rated
Supply Chain ()
Not Rated
Product Lifecycle Management ()
Not Rated