Solid product, needs to be implemented correctly
February 08, 2018

Solid product, needs to be implemented correctly

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Modules Used

  • Asset Lifecycle Management
  • Cash & Treasury Management
  • Credit-To-Cash
  • Financial Control & Reporting
  • Procure-To-Pay
  • Travel and Expense Management

Overall Satisfaction with Oracle Financials

We use Financials for our corporate holding company and one line of business. It provides the consolidated financials for the company and the operational activities (payables, expenses, journals, etc.) for one of our lines of business. We are also currently expanding our AR capabilities to additional business units.

Pros

  • nVision reporting is loved by the users
  • Flexibility to use across multiple business units with differing need
  • Fairly intuitive - most users catch on pretty quickly

Cons

  • Releases come too often and are not fully tested - we can't keep up and the bugs cause lost of issues
  • Tax reporting - very limited on the US side to only 3 types of 1099s. This does not meet the needs of our AP dept.
  • Integrations - it is still very time consuming and difficult to create new integrations
Oracle Financials is well-suited for large complex organizations. Sometimes the flexibility of the system can be too much for smaller, less complex companies. It works pretty well for multi-currency, but unfortunately, since it is so flexible, our original setup was not ideal, which causes us some issues. Would be nice to re-implement at some point. So much of how well PeopleSoft works is based on how well it is implemented. It would be nice if more red papers were written on best practices for configuring the system based on different scenarios.

Oracle Fusion Cloud ERP Feature Ratings

7.1
Accounts payable
7
Accounts receivable
6
Global Financial Support
7
Primary and Secondary Ledgers
8
Journals and Reconciliations
8
Configurable Accounting
8
Standardized Processes
6
6.7
Billing Management
Not Rated
Cash and Asset Management
7
Travel & Expense Management
8
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
5
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
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
7.0
Dashboards
7
Standard reports
5
Custom reports
9
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
9.0
Role-based user permissions
9
Single sign-on capability
Not Rated
Not Rated
Award Lifecycle Management
Not Rated
Not Rated
Budgeting and Forecasting
Not Rated
Project Costing
Not Rated
Cost Capture
Not Rated
Capital Project Management
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Not Rated
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Execution Management
Not Rated
Trade and Customs Management
Not Rated
Fulfillment Management
Not Rated
Warehouse Workforce Management
Not Rated
Not Rated
Production Process Design
Not Rated
Production Management
Not Rated
Configuration Management
Not Rated
Work Execution
Not Rated
Manufacturing Costs
Not Rated
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Performance Monitoring
Not Rated
Not Rated
Proposal Management
Not Rated
Product Master Data Management
Not Rated

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