Long Time Oracle Financials User/Developer
September 08, 2017
Long Time Oracle Financials User/Developer
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- Cash & Treasury Management
- Credit-To-Cash
- Procure-To-Pay
- HR, PAYROLL, ORDER MANAGEMENT, SERVICE CONTRACTS, INSTALL BASE
Overall Satisfaction with Oracle Financials
Across the whole organization, it is being used mostly for the financials part, (GL, payables, receivables, cash management, etc.) the order management, service contracts for customer orders, install base for customer products, purchasing for the whole organization, inventory and work in process for a few items. It's also used in HR.
Users all across the organization are making use of most modules.
Users all across the organization are making use of most modules.
- The majority of the products have been around for years, so it is a mature product. Not a lot of bugs, as long as we keep up with the patches. It is very stable and solid all around, also flexible. It allows us to customize/set up most screens by making use of personalizations or extensions without major issues.
- The fact that it's flexible is very useful for a business like ours that needs a lot of customizations for multiple different organizations all around the world.
- Most modules have APIs, that allow interfacing with other systems, there are customization standards, etc. As oppose to the latest new offerings from cloud where you are not allow a lot of flexibility and customizations.
- The ability to have multiple language support for organizations around the world, not sure about competitors but it exists and it has for years (multiple languages support).
- I think Oracle is not improving the product much, they are mostly focusing on their latest and greatest. So Oracle Financials may be missing the latest mobile interfaces and the new and latest app interfaces. Any other major improvements are lacking but you have a stable product because of this too.
- Like I also said, new features are not coming fast anymore, Oracle is just releasing small changes for every product, not as many as they used to.
- It might be also a bit complicated to manage; it takes expert DBAs to take care of the administration. It might be a little hard to learn. It is a big system with a loT of features. The more features you have the more complex it could be to set up. An implementation of the software sometimes can take a long time but this is expected with other ERP systems as well.
- Maybe due to the fact that there is not a cloud offering that I know of, I think Oracle offers the platform to install your dev and test environments but I do not think they offer Oracle Financials in the cloud yet, probably because it would compete with their Fusion offering.
- In our case, having such a big footprint, with multiple companies, multiple countries, multiple modules for each company and country, makes it a monster to manage. It is a 24/7 operation with support through out the world. Requires a lot of people to get all the requirements from all companies/countries. But I think, all in all, it has been positive.
- The fact that the company can modify the way they do businesses depending on the country or business, allow the company to just have one big Oracle system with lots of different extensions for each company/country required by their own specific business requirements.
- At the end, even though it is a monster now with lots of people supporting it, I think the company overall feels that the Oracle system is at the heart of the whole company and is a key piece of the business. A problem with this, of course, is that if or when we try to move away, the re-implementation of this kind of monster would be huge. So hopefully we will not have to go there but it could be a problem, the more you like and use a program/system the harder is to move away from it.
I have only used Oracle Financials for a long time so I have only seen demos of Workday in my case. Not very impressed due to the lack of flexibility and extensibility that we currently have with Oracle.