SOI Midlevel User
Anonymous | TrustRadius Reviewer
April 18, 2018

SOI Midlevel User

Score 6 out of 10
Vetted Review
Verified User
Review Source

Modules Used

  • Asset Lifecycle Management
  • Financial Control & Reporting

Overall Satisfaction with Oracle Financials

Oracle Financials is being across the whole organization.
  • Provides one solution to manage a wide variety of the financial aspects of your company, from budgeting, tracking project cost, competitive purchasing, managing contracts, vendor information, accounts payable, general ledger. asset management...
  • Provides a very useful querying tool that is fairly user-friendly in order to create, reoccurring reports, ad hoc reports, or monitor information being entered into the system.
  • Allows security setting/roles to be given to customize what individual users can and cannot see and do. This allows users that only need to make an entry in a few places to not be overwhelmed with a vast menu of modules that do not pertain to them.
  • While some modules are user-friendly because of the vast amount of data that this system can manage there can be modules that are not very user-friendly and require more training before a user would be comfortable.
  • When trying to write queries there many tables where the field names are not consistent with the linking information in another table and there are some tables that have the same field name as another table while these fields would not be the best to link.
  • The system allows for us to track and report our fiscal responsibilities to the taxpayers in an accurate and timely manner. I am involved in running the system not the purchase of the system so I do not know that financial investment that we have into it.
Yes - I am a member of the Higher Education User Group HEUG.

I have received a little bit of training but have not participated much in the user group.
Oracle is much more robust and better suited for a larger organization as such requires more initial setup time and thought and more training time for the end user. again because of the complexity is less user-friendly overall.
Seems to be well suited for large organizations although since I am not involved with decisions about what systems our organization will use I am not extremely familiar with other larger organization financial management tools. For a smaller business that is only managing simpler transactions and accounting, they would be better with a less complex and more user-friendly tool.

Oracle Financials Feature Ratings

Accounts payable
7
Accounts receivable
6
Global Financial Support
6
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
6
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
6
Automated Invoice Processing
Not Rated
Shared Services Payments
7
Billings Management
6
Customer Receipt Applications
Not Rated
Customer Collections
6
Revenue Recognition
6
Cash Management
Not Rated
Asset Management
8
Travel & Expense Management
6
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
6
Transactions Tax
6
Subledger Reconciliations
6
3rd Party Accounting Systems
6
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
6
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
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
6
Standard reports
7
Custom reports
7
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
7
Single sign-on capability
Not Rated
Award Lifecycle Management
6
Spending Control
Not Rated
Indirect Cost Management
Not Rated
Billing
5
Budgeting and Forecasting
7
Project Costing
8
Cost Capture
Not Rated
Capital Project Management
8
Customer Invoicing
6
Customer Contract Compliance
6
Project Revenue Recognition
6
Project Financial Performance Analysis
6
Project Financials Dashboard
Not Rated
Real-time Financial Reporting
6
Embedded Business Intelligence
Not Rated
Project Planning Collaboration
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
Sourcing Team Collaboration
7
Sourcing Analysis
6
Bids Analyzed and Compared
7
Catalog Shopping E-Commerce for Employees
Not Rated
Contract Authoring
7
Contract Compliance Management
Not Rated
Contract History
Not Rated
Contract Renewal Automation
7
Contract Repository
6
Contract Standardization and Enforcement
Not Rated
Electronic Signatures
7
Invoice Automated Matching
Not Rated
Purchasing Risk and Compliance Management
Not Rated
Requisitions-to-Purchase Orders Integrated
6
Spend Compliance Management
7
Supplier Assessment
Not Rated
Supplier Communication and Collaboration
Not Rated
Supplier Management
Not Rated
Supplier Portal
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
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
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
Forecasting
Not Rated
Inventory Planning
Not Rated
Multi-tier Supply Chain Planning
Not Rated
Performance Monitoring
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