Using Oracle Financials Cloud in high transactional volume environment
November 21, 2016

Using Oracle Financials Cloud in high transactional volume environment

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

Modules Used

  • Credit-To-Cash

Overall Satisfaction with Oracle Financials

It is currently being used by the revenue team in our finance department. It is used for sales booking and revenue reporting.

Pros

  • We are using the Receivables and GL modules. The Oracle Receivables auto invoice program is able to handle the large transaction volume we have.
  • We are getting excellent support from the Oracle Success Manager dedicated to my company.
  • We received a lot of help from the Oracle development team on technical issues.

Cons

  • We used the Receivable Lockbox program to import our receipts which is not flexible and difficult to implement.
  • The Receivable Lockbox program does not work very well to support a large volume of receipt transactions.
  • There are a few UI bugs in Cloud R10 and R11 which made our jobs more difficult.
  • Sometimes scheduled jobs like 'Create Accounting' errored out without giving meaningful error messages.
  • We just went live for a month, our goal is to reduce month end close time from 5 days to 2 days.
  • Single system of record for revenue, accounts receivable and tax reporting
The other products we evaluated are not able to support the transaction volume we have. Or they may be lacking some important functionalities we need.
In general Oracle Receivables works well with common business scenarios. One limitation is the cloud reporting tool. We have developed many custom reports using BI; the performance of the report may lag when it processes a large number of records. Even a standard report may not be exported properly to Excel sometimes.

Oracle Fusion Cloud ERP Feature Ratings

8.0
Accounts payable
Not Rated
Accounts receivable
8
Subledger and Financial Process ()
Not Rated
Inventory Management ()
Not Rated
Order Management ()
Not Rated
Payroll Management ()
Not Rated
5.0
Dashboards
5
Standard reports
5
Custom reports
5
5.0
API for custom integration
5
Plug-ins
5
4.0
Role-based user permissions
5
Single sign-on capability
3
Grants Management ()
Not Rated
Project Financial Management ()
Not Rated
Project Execution Management ()
Not Rated
Procurement ()
Not Rated
Risk Management ()
Not Rated
Logistics ()
Not Rated
Manufacturing ()
Not Rated
Supply Chain ()
Not Rated
Product Lifecycle Management ()
Not Rated

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